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Demand for health, life insurance products grows due to pandemic

BusinessWorld August 5, 2021 | 12:01 am THE Philippine American Life and General Insurance Co. said it is seeing increased demand for life insurance products due to the pandemic. VAN TAY/UNSPLASH MORE FILIPINOS are now interested in availing insurance products for health and life protection versus investment-linked offerings amid the coronavirus disease 2019 (COVID-19) pandemic, officials from The Philippine American Life and General Insurance Co. (AIA Philam Life) said. “What we’ve seen is that there was really heightened awareness for protection products: medical, critical illness, even life insurance products that provide something for the family in case someone passes away,” AIA Philam Life Chief Marketing Officer Leonardo T. Tan, Jr. said at an online briefing on Wednesday.

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