AXA ION: Helping OFWs Bridge Financial Gaps

AXA iON (AXA Insurance Online), the Philippines’ first online life insurance store, is proving to be an avenue for OFWs to prepare for their future even while they are abroad.

After years of hard work, many OFWs come home to settle into the same economic status and lifestyle they had before they left the country. There are many reasons for such an outcome – their families back home were unable to save, the income from abroad proved insufficient for the family’s growing needs, the OFW abroad had so many other challenges to deal with such that financial preparations fall through the cracks, or financial instruments abroad simply did not match the needs of our fellowmen and women in other countries.

With AXA iON, Filipinos abroad who log on to the internet quite often can now access the most basic financial products that can help them secure their financial future in a transparent, easy, and affordable way.

AXA iON offers four (4) fully-guaranteed products that make up the AXA eXentials line, which are designed to be affordable with premiums starting at only P1,000 per month: Health eXentials, Savings eXentials, Academic eXentials, and Life eXentials.

• Savings eXentials is a fail-proof alternative to savings that provide better returns than a regular savings account returns, pays out the cash to your family even if you don’t complete the 5-year savings plan in case of death or disability.

• Academic eXentials gives guaranteed cash benefits once a year for 5 consecutive years, to help defray costs related to tuition or education. But in case of untimely demise before the 5-year payout period, Academic eXentials will give your family additional cash every year until the year before the scheduled release of benefits.

• Life eXentials is a back-to-basics income replacement plan. Unlike typical life insurance plans, Life eXentials pays out its benefits monthly over a period of up to 5 years so there’s no danger of wiping out the insurance proceeds at once and ensures that the beneficiaries get a monthly stipend to replace the income of the loved one who passed away.

• Health eXentials is the affordable complement to HMO coverage as it pays out cash upon diagnosis of critical conditions such as heart attack, stroke, including gender specific cancers (breast, cervical, prostate cancers), stroke, heart attack, Alzheimer’s disease, liver disease and 30 other critical illnesses.

Rien Hermans, President & CEO of AXA Philippines said, “The internet is playing an ever increasing role in the way we communicate, transact and find information about anything. Nowadays people meet on social media, find jobs online, buy books, gadgets, clothes, shoes, book hotels and travel tickets on the internet — all of this is no surprise to any of us anymore.”

“With AXA iON, we now give Filipinos the chance to secure their financial future from the increasing costs of education, the burden of expensive healthcare costs, and the passing of a breadwinner, all in a digital platform, in just a few, easy steps, and from wherever they are,” he added.

Amor Balagtas, Chief Marketing Officer of AXA Philippines said, “We are very honored to be able to provide our kababayans abroad with an alternative channel to address their most pressing financial concerns while they are gainfully employed in other countries so that they may come home soon to their families and loved ones.”

To find out more about AXA iON, visit www.axaion.com.ph.