With increasing tuition fees and extended years of basic education, having an education plan has become even more relevant nowadays. Many parents who have made a decision decades ago to invest in a good education plan for their children, are now reaping the fruits of their hard-earned savings, thanks to Philam Life.
In May of 2016, 50,000 scholars received their education payout for the 1st semester of SY 2016-2017. This second semester, Philam Life released over 51,000 education benefit payouts to policy owners. Most of the benefit payouts were made through CTA (credit to account) as part of the company’s “ease of doing business” drive to ensure policyholders receive their benefit payments in a fast and convenient manner.