Details.
Savings fund for retirement at age 60 or 65. For a retirement age of 65, the plan allows a tax deduction of 10% of annual income, up to five annual UMAs, stated on the page as 214,000 pesos. Additional coverages include BIPA, which pays the contracted sum for total and permanent disability, and BIT, which waives premiums in the event of total and permanent disability caused by accident or illness.