Lifestyle diseases afflicting more Filipinos

AXA urges financial preparedness for critical illnesses, other medical emergencies

According to statistics from the Department of Health (DOH), non-communicable diseases (NCDs) or lifestyle diseases such as heart attack or heart failure, stroke, and cancer are the top 3 leading causes of death among Filipinos.

Digging deeper into the numbers, it is reported that more than 276 Filipinos die of heart disease on a daily basis. Moreover, 9 people are diagnosed with cancer every hour, and 142 Filipinos die from cancer every day. At least one Filipino suffers from stroke every 9 minutes; for those who survive, they have a 75% chance of becoming permanently disabled.

While there may be increasing public awareness to preventing these diseases through diet and exercise, little is done to raise awareness for Filipinos to prepare financially for the impact of having any of these lifestyle diseases.

The cost for heart by-pass surgery, chemotherapy, or brain surgery ranges from P500,000 to as much as P1,000,000, an amount that most regular health plans cannot cover. Moreover, it is estimated that medical costs are expected to double in the next 10 years — a rate much higher than economic inflation.

That is why AXA Philippines, one of the country’s largest and fastest growing life insurance companies, is helping Filipinos prepare for the threat of future major medical emergencies by launching three (3) new products that provide adequate coverage to Filipinos when they face a critical illness.

“We want to give customers what they need,” says Rien Hermans, President & CEO of AXA Philippines. “With the health trends in the Philippines and in most countries today, the risk of developing a critical illness is now higher than ever. Therefore, people should be protecting themselves from the financial impact of being diagnosed with a critical illness.”

“Each of our three products are individually designed to address the needs, said Amor Balagtas, Chief Marketing Officer of AXA Philippines.

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