Employee Security Program: life & group medical insurance
Ensure ultimate protection with a life insurance policy for employees, along with additional hospitalization benefits and financial assistance.
What is the Employee Security Program?
This program provides coverage for employees in the event of death or disability. It offers a reliable life insurance policy for employees and helps employers ensure financial security for their workforce.
This plan is affordable and can be tailored to meet the needs of businesses. It also includes additional perks like total and permanent disability benefit, daily hospital income benefit, critical illness protection, and more.
Plan key benefits and features
The Employee Security Program offers a range of benefits to provide comprehensive coverage for your employees.
Life insurance protection for your members: The designated beneficiaries will receive a lump sum amount in case of untimely demise of the insured member.
Affordable premiums: Offers a cost-effective solution for businesses to protect their workforce.
Flexible coverage options: Customize the plan to meet the specific needs of your employees and business.
Simple enrollment process: Quick and easy enrollment without the need for complex medical underwriting.
Tailored to businesses of all sizes: Suitable for small businesses to large corporations looking to enhance their life insurance policy for employees.
What does the Employee Security Program cover?
| Coverage type | Description |
| Life insurance protection | Provides a lump sum amount in case of untimely demise of the insured member. |
Optional benefits
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Accidental death, disablement, & dismemberment benefit The insured member or his beneficiary will receive a lump sum amount in case of death, disability or loss of identified body parts of the insured due to an accident.
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Total and permanent disability benefit The insured member will receive a lump sum amount if he becomes totally and permanently disabled for six consecutive months. This is to compensate for his lost income because of the disability.
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Accidental medical reimbursement benefit The insured member will receive a fix benefit amount for each day of confinement in a hospital up to a maximum of 31 days to help him pay for the cost of hospitalization.
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Daily hospital income benefit The insured member will receive a fix benefit amount for each day of confinement in a hospital up to a maximum of 31 days to help him pay for the cost of hospitalization.
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Critical illness protection The insured member will get paid a lump sum amount if he is diagnosed with any one of the identified Critical Illnesses.
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Terminal illness benefit The insured member will receive an advance payment equal to 50% of the basic life coverage if he is diagnosed as terminally ill and has less than twelve months to live.
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Family assistance benefit Upon death notification, the family of the insured member will receive an amount to help cover expenses or settle outstanding debts and liabilities brought about by the death of the member.
Who is eligible for this program?
- Employees aged 18 to 64 years.
- Employees who are actively at work and in good health at the time of enrollment.
- Groups with a minimum of 10 employees.
How does the claim process work?
Filing a claim for the Employee Security Program is simple and efficient. To start the claim process, visit the Manulife claims page for detailed instructions and to submit your claim online.
Required documents:
Claimant’s statement specific to the type of claim (e.g., death or disability).
Valid Government-Issued ID of the claimant.
For death claims: Certified death certificate and proof of the loan balance or policyholder details.
For disability claims: Medical records and a physician’s statement confirming total disability.
- Additional documents may be required depending on the type of claim and policy.
Timeline:
Once all required documents are submitted, your claim will typically be processed within 7 working days.
Frequently asked questions
No. Providing employee life insurance is not mandatory under Philippine law. Employers may offer it to enhance their benefits package, but are not required to do so by the Labor Code.
Yes. Under Group Life plans like the Employee Security Program, employees can typically name their own beneficiaries who will receive benefits if a claim is approved, as specified in the policy contract.
Employer‑paid insurance benefits may be subject to tax rules. In the Philippines, employer contributions to life insurance plans are treated as fringe benefits and may be taxable unless exempted by specific conditions under tax rules.
Usually, no. Group life insurance for employees generally does not require individual medical underwriting at enrollment, especially for basic coverage, making enrollment easier for the whole group.
While not mandatory, offering both group medical insurance for employees and life insurance provides broader protection and a more competitive benefit package that supports wellness and financial security.
Want to learn more about Employee Security Program?
Talk to our Corporate Solutions agents today!