English   |   español

ECUADOR

Pan-American Life Insurance Company,  Ecuador Branch

Pan-American Life entered the Ecuadorian market in October 1956 when the company began to operate both in Guayaquil and Quito. In 1984, Pan-American Life moved its headquarters to Quito where it started offering individual life and group health insurance.

Pan-American Life Ecuador has stood out as a pioneer and leader in the individual and group insurance market, offering one of the largest investment portfolios in the country, creating savings and working capital for thousands of Ecuadorians.

Life

  • Universal Life
    We provide Universal Life insurance plans that are flexible, easy to understand and competitively priced.
    • FlexiLife V: An insurance policy in U.S. dollars designed to provide an increase of cash value. It offers one of the most flexible plans in the market with a minimum guaranteed interest rate.
    • FlexiLife VI Plus: A Universal Life insurance policy in U.S. dollars that is adaptable to the needs of the client.
  • Term Life
    Our Term Life insurance policies have guaranteed, affordable, level annual premiums, and offer the possibility to convert to a permanent protection plan available from the company.
    • 20/10 years: Term life insurance policy offering a 20-year level premium guaranteed for 10 years.

Group

Pan-American Life offers you a complete range of additional group insurance products and services, created to meet the needs of employers as well as its employees.

  • Life Insurance: This insurance policy protects the life of the employee. An indemnity is paid upon the policyholder’s death.
  • Health Insurance: This policy provides the policyholder and his/her dependents medical benefits. The policy refunds or reimburses a specified amount due to medical treatment.
  • Total Permanent Disability Insurance: This plan covers the policyholder in the event of total and permanent disability as a result of an accident or illness that does not allow him/her to continue working.
  • Accidental Death and Dismemberment Insurance (AD&D): This insurance offers exclusive coverage for the policyholder in the event of bodily injury resulting from direct, violent, accidental events beyond his/her control.
  • Dental Plan: This plan can be added to health and life insurance plans, offering a variety of benefits and services including preventive, restorative and orthodontic treatment.

Hospital/Doctor Search within the United States
Through their facilitators, Pan-American Life Insurance Group offers access to a wide range of doctors and hospitals throughout the United States that policyholders with international coverage can access based upon the individual benefits of the policy.

Multinational Solutions

In an increasing globalized and ever changing world, multinational companies require innovative solutions and adequate strategies that will allow them to satisfy the personal needs of their workforce.

Pan-American Life specializes in providing multinational corporations with high quality benefits and services for employers and their families.

Pan-American Life’s international programs are coordinated by a team of local experts in each country.

Our Advantages:

  • Coverage is customized according to the region and company policy
  • Consistent, top notch Pan-American Life service standards in all countries
  • Solutions through local, regional and multiple options programs of international and captive “pool”
  • Centralized negotiations in your city or region
  • Policyholders receive reimbursements in their country of residence and in their local currency
  • Immediate access to the PALIGMED medical provider network in each city
  • On-site clinics to personalize your preventive care, wellness and disease management programs

Mass Marketing

Mass marketing and micro insurance products offered by members of the Pan-American Life Insurance Group are geared toward financial institutions, micro credit and debit/credit card issuers; private colleges and universities; department stores; and utilities such as water, electricity, telephone and cellular service providers.

Our goal is to offer a variety of products that are easy to understand, and at a reasonable cost, to broader segments of the population.

Some of the micro insurance products that are ideally suited to be distributed via mass marketing techniques are Income protection, In-Hospital daily benefits, Critical Illnesses and Accidents.

In addition, we have key staff members with a wealth of knowledge and expertise in the areas of mass marketing and micro insurance, with specialized software available to successfully administer this specialized business.

Individual Health

  • Health Trust
    • Individual health plan for medical care and prescriptions
    • Offers benefits and coverage for life
    • 3 Plans: 1 international option and 2 local options
    • Repatriation of Remains benefit for International plan
    • No age of termination
    • Competitive Rates
    • Flexible Payment Plans
    • Plan for permanent residents of Ecuador
    • Eligibilty for persons up to 65 years in age
    • Spouse or legal cohabitant can be added to the policy up until 65 years of age
    • Dependent children, from the tenth day of birth until 25 years of age, that are single, full-time students and that are financially dependent on the policy holder, can also qualify

Hospital/Doctor Search within the United States
Through their facilitators, Pan-American Life Insurance Group offers access to a wide range of doctors and hospitals throughout the United States that policyholders with international coverage can access based upon the individual benefits of the policy.

International Major Medical

Seguro de Asistencia Médica Major Medical WorldAccess: Seguro de Asistencia Médica Major Medical WorldAccess, offered through Pan-American Life Insurance Company, Ecuador Branch Office, offers an open pass to the best hospitals and physicians in the world. Just choose the hospital or doctor and we will coordinate your treatment. It’s that simple. With Seguro de Asistencia Médica Major Medical WorldAccess you have an endless choice of providers, from the top rated U.S. hospitals to the best hospitals in your home country.

Seguro de Asistencia Médica Major Medical WorldAccess will provide you, and each member in your policy, with up to $5,000,000 of coverage per year, an amount that resets every policy year. As a Seguro de Asistencia Médica Major Medical WorldAccess insured you and your family will have the health coverage you need to offset a major medical condition and potentially prevent a stressful financial situation.

*This product has been approved by the Superintendencia de Bancos y Seguros del Ecuador, under the name “Seguro de Asistencia Médica Plan de Gastos Mayores Acceso Mundial (Major Medical WorldAccess)“.

Seguro de Asistencia Médica Major Medical PreferredAccess: Seguro de Asistencia Médica Major Medical PreferredAccess, offered through Pan-American Life Insurance Company, Ecuador Branch Office, gives you access to high rated hospitals and doctors all around the world. It will provide you and each insured in your policy with up to $2,000,000 of coverage per year, an amount that resets every policy year. Seguro de Asistencia Médica Major Medical PreferredAccess was designed to help you save on your premiums, as per policy terms, by passing on the savings the company obtains through its Pan-American Private Client network of preferred providers.

When seeking medical treatment for an elective* procedure within the U.S., Seguro de Asistencia Médica Major Medical PreferredAccess’ insureds can choose from a list of top rated U.S. Hospitals. As a Seguro de Asistencia Médica Major Medical PreferredAccess insured you will have the choice of any hospital or doctor in the world, including your home country. There are significant advantages when treated in one of our Preferred Providers. Advantages include, no additional out-of-pocket expenses after you meet your annual deductible and guarantee direct payments to hospitals and doctors. For emergency treatments, Seguro de Asistencia Médica Major Medical PreferredAccess’ insureds have access to any hospital or doctor outside the network in the U.S.

*This product has been approved by the Superintendencia de Bancos y Seguros del Ecuador, under the name “Seguro de Asistencia Médica Plan de Gastos Mayores Acceso Preferencial (Major Medical PreferredAccess)“.

For more information about Seguro de Asistencia Médica Major Medical WorldAccess and Seguro de Asistencia Médica Major Medical PreferredAccess, please contact your insurance agent, call (593) 2243-4509, or contact us directly for your specific concerns:

General Information and Service: servicioec@paligpc.com
Policy Management and Risk Selection: evaluacionec@paligpc.com
Medical Issues and Emergencies: notificacionesec@paligpc.com
Medical Records and Claims: reclamosec@paligpc.com

Underwriting of the life and health insurance products will be managed through Pan-American Life Insurance Group’s member companies.

Seguro de Asistencia Médica Major Medical WorldAccess
Hospitalization
Other Benefits
Outpatient Treatments
Maternity
Room and board, per day 100% 
Intensive care unit, per day 100% 
Surgeon and assisting physician fees 100%
Anesthesiologist fees 100%
Medications 100%
Laboratory tests, pathology and diagnostic imaging 100%
Cancer treatment 100%
Dialysis 100%
Prosthesis and corrective devices 100%
Companion of a hospitalized minor, per night $300
Organ transplants, per lifetime $1,000,000
Ambulance - air and ground $150,000
Congenital or hereditary conditions before age 18, lifetime $1,000,000
Congenital or hereditary conditions on or after age of 18 100%
Preventive health checkup $300
High risk hobbies and amateur sports 100%
Emergency dental treatment 100%
Hospice care 100%
HIV/AIDS per lifetime $500,000
Repatriation of human remains 100%
Complimentary Therapy, maximum 20 days 100%
Podiatric 100%
Visits to physicians and medical specialists 100%
Emergency room visits 100%
Cancer treatment 100%
Laboratory tests, pathology and diagnostic imaging 100%
Dialysis 100%
Medications 100%
Physical therapy and rehabilitation, maximum 60 days 100%
Home health care, maximum 60 days 100%
Durable medical equipment 100%
Normal maternity and healthy newborn care per event for normal delivery, elective C-section, prenatal treatment and up to 5 well baby care visits per newborn. $7,000
Complications of pregnancy and ill newborn per lifetime will be paid for maternity complications and newborn complications of birth. $1,000,000
Seguro de Asistencia Médica Major Medical PreferredAccess
Hospitalization
Other Benefits
Outpatient Treatments
Maternity
Room and board, per day 100%
Intensive care unit, per day 100%
Surgeon and assisting physician fees 100%
Anesthesiologist fees 100%
Medications 100%
Laboratory tests, pathology and diagnostic imaging 100%
Cancer treatment 100%
Dialysis 100%
Prosthesis and corrective devices 100%
Companion of a hospitalized minor, per night $100
Organ transplants, per lifetime $350,000
Ambulance - air and ground $50,000
Congenital or hereditary conditions before age 18, lifetime $300,000
Congenital or hereditary conditions on or after age of 18, lifetime $1,000,000
High risk hobbies and amateur sports, lifetime $250,000
Emergency dental treatment 100%
Hospice care 100%
Repatriation of human remains 100%
Visits to physicians and medical specialists 100%
Emergency room visits 100%
Cancer treatment 100%
Laboratory tests, pathology and diagnostic imaging 100%
Dialysis 100%
Medications $6,000
Physical therapy and rehabilitation, maximum 30 days $6,000
Home health care, maximum 30 days $6,000
Durable medical equipment $6,000
Normal maternity and healthy newborn care per event for normal delivery, elective C-section, prenatal treatment and up to 3 well baby care visits per newborn. $4,000
Complications of pregnancy and ill newborn per lifetime will be paid for maternity complications and newborn complications of birth. $500,000

Financial Statements

Publication of Financial Information (Resolution JB-2012-2209)

Company financial statements corresponding to year 2014
January
February
March
April
May

Company financial statements corresponding to year 2013
January
February
March
April
May
June
July
August
September
October
November
December

Company financial statements corresponding to year 2012
August
Cap Adecuado
Cumpl Siniestros
Div Asegurados
Tec Financiero
EEFF
Ind Fin
September
October
December


Carlos Chiriboga
Country Manager

Pan-American Life Insurance de Ecuador, S.A.

Quito
Ave. República de El Salvador 1082 y
Naciones Unidas, Edificio Mansión Blanca
Torre Londres, Piso 11
Quito, Ecuador
(593) 2 225-3500 | 1-800-765-432
servicioalclienteec@palig.com

Guayaquil
Av. Miguel H. Alcívar y Nahín Isaías
Edificio Torres del Norte, Torre B, Piso 5, Oficina 508
Guayaquil, Ecuador
PBX: 593-4-2687 525

© 2014 Pan-American Life Insurance Group. All Rights Reserved.

© 2014 Pan-American Life Insurance Group. All Rights Reserved.