Payment Facilities

payment facilities

Philamlife Offices


Accredited Banks via Bills Payment Facility

  • AIG Philam Savings Bank *
  • Allied Bank
  • Banco de Oro *
  • Bank of the Philippine Islands *
  • Equitable PCI Bank *
  • Planters Development Bank
  • Security Bank *
* Dollar payment also accepted.

Third Party Collecting Agents - CIS Bayad Centers

  • SM Payment centers (from 10 a.m. to 7 p.m.)
  • Robinson's Malls
  • Sta. Lucia East Grand Mall
  • Isetann Department Stores in Cubao, Carriedo, and Recto
  • RCPI BayanTel Offices

Globe G-Cash Facility


LBC


7-11 Convenience Stores - selected branches (Cash payments only.)


Bank ATMs/ Phone Banking/ Internet

Availment of this facility requires that the Policyowner is also an account holder of the bank. Each policy to be paid through any of these facilities must be enrolled at their respective banks.

Auto-Debit/ Auto-Charge

Accomplish three (3) copies of the corresponding Enrollment Form for every policy applied:


Credit Card Payments

Peso premium payments through credit card (VISA, MasterCard, JCB) may be accepted over the counter at selected branch offices.

Post-Dated Checks

Submit the required number of checks based on chosen mode together with the enrollment form at any of our nearest Philamlife branches. Please indicated your policy number at the back of the checks. (Available at selected branches.)

Bank Remittances (When Abroad)

Pay your premiums through any bank or remittance center abroad. For more details, you can go to Overseas Premium Payment.


IMPORTANT REMINDERS

ON PREMIUM PAYMENTS

  • Present your Billing Notice when paying through any of the accredited Philamlife payment facilities
  • If you are unable to present your Billing Notice, you may pay your premium directly to any of the Philamlife offices
  • When paying through your agent, please ask for an Agent's Temporary Receipt
  • Always keep payment documents for your reference


ON POLICY LAPSATION

  • Your policy will lapse when you fail to pay the premium and there is insufficient cash value
  • Lapsation will cause your insurance coverage to end
  • Lapsed policies must be reinstated as soon as possible to avoid interest charges and higher premiums as a result of your change in age and health condition


ON LOANS AND INTEREST CHARGES

  • Policy loans occur when you fail to pay your premiums on time and an advance is made through your policy's cash value
  • Interest on policy loans are computed and added to your outstanding loans every policy anniversary
  • All loans and interest charges are deducted from any amount payable, including any dividends due under your policy