Accumulate Funds for Your Future Needs

Essential is a variable life insurance product offering people protection while you accumulate funds for future use such as education fund, retirement fund, travel.

pioneer essential

It provides you the option to add an Insurance Enhancement Package (IEP) – a comprehensive set of insurance benefits that includes:

Disablement Benefit,Dismemberment or Accidental Death

Cash Assistance Following Fire | Daily Hospital Income Benefit


  • Currency: Philippine Peso
  • Minimum Issue Age:
    • Insured – 18 years; Payor – 18 years
  • Maximum Issue Age:
    • Insured – 70 years without IEP; Payor – none
    • Insured – 64 years with IEP; Payor – none
  • Minimum Annual Premium: Php 10,000
  • Minimum Top Up: Php 5,000
  • Death Benefit:
    • Policy Amount plus 125% of Top Ups less 125% of Withdrawals PLUS Fund Value
  • Premium Mode:
    • Monthly | Quarterly | Semi-Annually |  Annually
  • Payment Term: Regular Pay
  • Available Investment Funds: Managed | Equity
  • Available Riders: CIB | DWPB | ADDB | ADB
  • Surrender Charge:
    • 1% of the surrendered amount
  • Withdrawal Charge:
    • 2 free withdrawals per policy year
    • 1% charge on succeeding withdrawals


BDO Unibank, Inc (BDO) is a full-service global bank providing a broad range of retail, commercial and corporate banking services.

Pioneer Life’s variable funds are managed by BDO Trust and Investment Group (BDO Trust) which provides solutions and strategies to achieve the varying investment objectives of its clients. It maintains its position at the forefront of the Philippines’ trust industry and has more than 835 branches in the country, and overseas representative and remittance offices in Middle East, North America, Europe and Asia. In 2014, BDO ranked as the largest bank in terms of total capital, loans, deposits, assets and trust funds under management.

Inquire now and expect a call in 24 hours!