Established in 1947, AIA Philam Life, one of the biggest life insurance companies in the Philippines, has since grown into the Philam Group, with the establishment of its affiliate companies: BPI-Philam Life Assurance Company, Philam Asset Management Inc. and its corporate social responsibility arm, the Philam Foundation. The Philam Group is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance Group.
High Performance Culture, Our Values and Style
The Group cultivates a culture of high performance shaped by its leaders who embrace the three Leadership Essentials of Clarity, Courage and Humanity. Various programs are available to employees who exhibit high performance and embody the AIA Operating Philosophy of Doing the Right Thing, in the Right Way with the Right People to accelerate their growth in the company.
Taking Care of Employees
“I make it possible!” is the company’s battle cry and a strong rewards system is in place to recognise employees’ hard work and contribution. The Rewards Philosophy is built on the principle of providing an equitable, motivating and market-competitive renumeration package that fosters a performance-oriented culture. Benefit offerings are regularly reviewed to ensure that these remain competitive and relevant to the needs of employees. Philam Group also believes in making its employees a part of the AIA Group’s success by allowing them to invest in the Employee Share Purchase Plan (ESPP), the company’s share matching program.
Extending the Mission to Advocacy
On the corporate social responsibility (CSR) front during this period of ECQ, Philam Foundation partnered with hospitals and non-government organisations (NGOs) for treatment of employees who will test positive for Covid-19. Through the Foundation’s existing emergency fund programs, the company was able to provide immediate financial assistance to employees and financial advisors. These are all testament to the company’s commitment to safeguarding the safety, health, and wellbeing of all employees, financial advisors, and stakeholders.
The past few months have been a reminder of the urgency of fulfilling the company’s mission. With a volcanic eruption and a pandemic taking place within the last seven months, the need for protection has become even more relevant for Filipinos. As protection champions, the Philam Group, led by the Philam Foundation, could not be inactive in the background and took action to help the community.