Premium Payment Guidelines 2008

What are the available payment facilities?

1. Philam Life Branch Offices

Payments in Philam Life branches can be made through cash or checks. You may also use your credit card (VISA, MASTERCARD, or JCB card) for over-the-counter premium payments at any of our Regional Offices, Automated Insurance Centers and selected Satellite Offices.

2. Auto-Debit Facility

This facility allows for the automatic debiting of your bank account for the premium amount due on your Philam Life policy/ies. Currently, the Auto-debit facility is available through Philam Savings Bank, and Security Bank account holders. Simply accomplish and submit an enrollment form at any of our branch offices for this facility.

3. Auto-Charge Facility

The policyowner's VISA, MASTERCARD & JCB credit card may be used to enroll for this facility. Premiums will be automatically charged to your credit card accounts. Enroll at any of our branch offices for this facility.

4. Through your Agent

Demand an agent's temporary receipt when paying through your agent. Wait for the Official Receipt that will be issued upon remittance of your premium to the Home Office.

5. Authorized or Accredited Banks

Payments through authorized or accredited banks may be made via the Bills Payment Facilities or via regular deposits.

• Via Bills Payment Facility

Bills Payment Facility is one of the facilities provided by banks where they accept payments intended for bills of merchant establishments (eg. Philam Life) with whom they have collection arrangements. Payors need not provide the bank account number of the merchant but they must correctly indicate its merchant name (Philam Life).

We recommend payments via this facility for prompt processing since banks provide Philam Life with collection reports on the day following the payment date.

Please note however that only BPI and Security Bank may accept dollar payments for Philam Life policies through Bills Payment Facility

Payments through the Bills Payment Facility may be made through the following:

Over-the- Counter

When paying premiums through authorized banks, fill up a Bills Payments slips with PHILAM LIFE as merchant, insured's name, policy number and the amount of payment. Payments may be made in cash, check or debited against your bank account. Present this with your premium payment and premium notice, previous official receipt or any correspondence from Philam Life at any of the following banks nearest you:

• Allied Bank
• Banco de Oro
• Bank of the Philippine Islands
• Philam Savings Bank
• Planters Bank
• Security Bank
ATM

Premiums may be paid through ATM using the BPI Express Teller. Availment of the ATM facility requires the policyowner to be an ATM cardholder of the bank. Each policy to be paid through ATM must be enrolled at their respective banks.

Internet

Premiums may be paid through BPI websites. Please choose Philam Life as the merchant. Availment of the Internet facility requires enrollment.

• Via Regular or Direct Deposits to Philam Life Bank Accounts

While it is recommended that Bills Payment Facility be used, there may be instances where policyholders may not pay through this facility.

Example, a policyholder would like to effect fund transfer from his bank account where Philam Life has no collection arrangement or if policyholder is paying from abroad. For these and similar instances, policyholder may pay through regular deposits to any of the following Philam Life accounts.

Bank charges are imposed for regular or direct deposits depending on the bank and branch from which you are transferring funds. This is separately discussed under FAQ No. 3 below.

When paying within the Philippines, please use the following Philam Life accounts:

Name of Bank	For Peso Payments	For Dollar Payments
Philam Savings Bank	2104-16360-6	2704-00011-1
Banco de Oro	4510000262	4510203945
Bank of the Philippine Islands	8113-0017-05	8112-0000-98
Citibank Corporation	None	5010107085
Philippine National Bank	0108302402	None
Security Bank Corporation	0111-100015-200	0111-100015-201

For payments from abroad, you may go to any remittance center or bank that accepts peso and/or dollar payments addressed to the Philippines. Processing fees and bank charges shall be shouldered by the policyowner. Remit your premiums a week before the due date of your policy to ensure your payment is received on time. Wait for your official receipt that will be mailed to your mailing address.

Please follow steps below when paying abroad:

1. Indicate the following information in the remittance form:
• Remitters name
• Insured's Name and Policy Number
• PHILAM LIFE as beneficiary
• Name of the Philam Life's depository bank, branch address, and corresponding savings account number
2. Complete the payment details pertinent matches the type of currency you shall be remitting.



1. For credit to the Philam Life Philam Savings Bank Accounts

Remit to	: WACHOVIA BANK, N.A.
Intermediary Bank	: PNBPUS3NNYC Wachovia Bank, N.A. New York, New York
Acct with Bank	: 2000191008553 Philam Savings Bank Makati, Philippines
Beneficiary Customer	: PHILAM LIFE & GEN. INSURANCE CO. 2704-00011-1 (FOR US DOLLAR) or 2104-16360-6 (FOR PHIL PESO)

2. For credit to the Philam Life Banco de Oro Accounts

Remit to	: Citibank NA C I T I U S 3 3
For the Account of	: Banco de Oro Universal Bank Manila, Philippines BNORPHMM
In favor of Account Number	: PHILAM LIFE & GEN. INSURANCE CO. : 4510203945 (FOR US DOLLAR) or 4510000262 (FOR PHIL PESO)

3. For credit to the Philam Life CITIBANK Account

For Deposit to	: CITIBANK NA Paseo De Roxas Makati, Philippines
SWIFT CODE	: CITIPHMXX
Account Name	: PHILAM LIFE & GEN. INSURANCE CO.
Account Number	: 5010107085 (FOR US DOLLAR)

4. For credit to Philam Life Bank of the Philippine Islands Accounts

For Deposit to	: BANK OF THE PHILIPPINE ISLANDS (BPI) Ermita, UN Avenue Branch, UN Avenue Ermita, Manila, Philippines
SWIFT CODE	: BOPIPHMM
Account Name	: PHILAM LIFE & GEN. INSURANCE CO.
Account Number	: 8112-0000-98 (FOR US DOLLAR) or 8113-0017-05 (FOR PHIL PESO)

5. Using Security Bank

For Deposit to	: SECURITY BANK CORPORATION Ermita Branch, G/F, Regina II Bldg. 801 U.N. Avenue, Ermita Manila, Philippines
SWIFT CODE	: SETCPHMM
Account Name	: Philam Life & GEN. INSURANCE CO.
Account Number	: 0111-100015-201 (FOR US DOLLAR) or 0111-100015-200 (FOR PHIL PESO)
Send a copy of the remittance form to Philam Life Cash Management Office through (ATTN: Ms Eloisa Reyes) no.(+632) 5215355.