AIA Philippines and MediCard unveil integrated employee benefits offering combining healthcare and life protection

MAKATI CITY, Philippines, July 22, 2026 — AIA Philippines, formerly Philam Life, and its healthcare arm, MediCard, have introduced Group Life + HMO, an integrated employee benefits solution that brings healthcare and life protection together, in response to the growing recognition among employers that protecting today’s workforce requires more than healthcare benefits alone.

The launch comes as employers face growing pressure to provide more comprehensive protection for their workforce while keeping employee benefits simple to manage. In 2025, according to the Philippine Statistics Authority, out-of-pocket healthcare spending among Filipinos rose to ₱15,223 per person, up 14% from the previous year. At the same time, AIA Philippines’ 2025 Rethink Healthy study found that 65% of Filipinos still rely on personal savings when faced with unexpected events, underscoring how quickly a health emergency can become a financial setback for employees and their families.

While health maintenance organization (HMO) coverage has become a standard employee benefit, many workers remain financially vulnerable when unexpected life events, such as death or disability, occur. This is particularly relevant in the Philippines, where 88% of Filipinos identify themselves as either the sole or shared breadwinner of their household, underscoring the need for solutions that protect both employees’ health and their families’ financial security.

Group Life + HMO responds to this need by combining MediCard comprehensive healthcare coverage with group life insurance from AIA Philippines. The solution combines HMO coverage with Yearly Renewable Term Life insurance, Total and Permanent Disability protection, and Accidental Death, Dismemberment and Disability coverage, creating a more complete safety net that supports both employee well-being and financial security.

“Healthcare has always been a fundamental part of employee care, but today’s workforce needs more than access to medical benefits alone,” said Julian Mengual, Chief Executive Officer, MediCard. “While PhilHealth and other healthcare programs continue to strengthen access to care for Filipinos, many families still face financial pressures and may pay out-of-pocket when unexpected health or life events arise. Employers want to know they’re supporting their people through life’s unforeseen moments. By helping protect employees from both medical costs and the wider financial impact of life’s uncertainties, employers can provide more meaningful support for their people and their families.”

Melita Teo, President and CEO, AIA Philippines, added: “As we are uniquely positioned to support people across their health journey– from prevention and early intervention to diagnosis, treatment, and recovery, Group Life + HMO demonstrates the power of bringing AIA’s life, health and financial protection expertise, and MediCard’s healthcare capabilities together in one ecosystem. It’s an example of how we’re innovating beyond traditional insurance to help more Filipinos live Healthier, Longer, Better Lives.”

The integrated solution enables employers to provide broader protection for their workforce through a single provider relationship, one enrollment process, and one billing arrangement, simplifying benefits administration while maximizing the value of their employee benefits investment. This is relevant for micro, small, and medium enterprises (MSMEs), which account for 99.5% of Philippine business establishments, and employ more than 60% of the country’s workforce according to data from the Philippine Statistics Authority. For businesses with lean HR teams and limited administrative resources, delivering comprehensive protection without adding operational complexity remains an ongoing challenge.

The collaboration between AIA Philippines and MediCard reflects a growing recognition that employee well-being extends beyond healthcare alone. As employers look for ways to strengthen their employee value proposition without adding administrative complexity, integrated solutions that combine healthcare and financial protection are becoming an increasingly important part of workforce strategy.

About MediCard Philippines, Inc.

MediCard Philippines, Inc. (MediCard) is a health maintenance organization that provides comprehensive and accessible services to individuals, families, small and medium-sized enterprises (SMEs), and large corporations. With a strong and trusted presence across the Philippines, it connects members to a vast network of accredited clinics, partner hospitals, and medical and dental professionals.

Driven by its mission to make healthcare more inclusive and within reach, MediCard continuously innovates to uphold its commitment to helping Filipinos live healthier, longer, and better lives. Its wide range of health plans and wellness programs are designed to meet the evolving needs of its members, ensuring quality care and peace of mind.

About AIA PH

AIA Philippines formerly AIA Philam Life (The Philippine American Life and General Insurance Company), is the country’s premier life insurance company. Originally established on 21 June 1947 and became popularly known as Philam Life, AIA Philippines has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises.

AIA Philippines has PHP 253.35 billion in total assets and PHP 70.14 billion in net worth as of 31 December 2025 while serving more than 1.1 million individual policyholders and more than 1 million insured group members. AIA Philippines understands the needs of its customers and provides holistic solutions that include life protection, health insurance, savings, education, retirement, investment, group, and credit life insurance. It also offers bancassurance through its subsidiary, BPI AIA Life Assurance Corporation (formerly BPI-Philam Life Assurance Corporation).

Based on the audited reports submitted to the Insurance Commission as of 31 December 2025, the combined total premium income of AIA Philippines and BPI AIA was at PHP 34.32 billion. AIA Philippines is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.

AIA and BPI AIA are regulated by the Insurance Commission.

About AIA

AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, New Zealand, the Philippines, South Korea, Sri Lanka, Taiwan (China), Vietnam, Brunei and Macau SAR(2), and a 49 per cent joint venture in India. In addition, AIA has a 24.99 per cent shareholding in China Post Life Insurance Co., Ltd.

The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in Asia (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$345 billion as of 31 December 2025.

AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia, AIA serves the holders of more than 44 million individual policies and over 16 million participating members of group insurance schemes.

AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock codes “1299” for HKD counter and “81299” for RMB counter with American Depositary Receipts (Level 1) traded on the over-the-counter market under the ticker symbol “AAGIY”.

Notes:

(1) Hong Kong SAR refers to the Hong Kong Special Administrative Region.

(2) Macau SAR refers to the Macau Special Administrative Region.