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Honduras

Pan-American Life Insurance Company, Honduras Branch

Pan-American Life entered the Honduran market in 1944 when the company began to operate in the cities of San Pedro Sula and Tegucigalpa. Pan-American Life 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 Hondurans.

Life

  • Universal Life
    Our universal life insurance portfolio includes two plans that are flexible in premium payments, savings and protection –each at a competitive cost with insurance protection and additional benefits to cover all the needs during the life of the insured.
    • Flexible Life Insurance – Plan I: This policy may be used to meet life insurance needs of any kind when the policyholder seeks attractive and long-term savings (cash value). Because of its features and additional benefits, Flexible Plan I is one of the most flexible plans available in the market in the payment of premiums, savings and protection.
    • Flexible Life Insurance – Plan II: A policy that offers attractive savings (cash value) for intermediate and long-term savings goals. Because of its features and additional benefits, Flexible Plan II is a flexible product in the payment of premiums, savings and protection that can be customized to meet client's needs.
      General conditions:
        • Plans with insured amounts from $25,000 onwards
        • Coverage: For males and females/ smoker and non-smoker
        • Payment methods: Annually, semiannually, quarterly and monthly. There is also payment with pre authorized credit card charge, Extrafinanciamiento / Ahorro Club or payroll discount
      Coverage:  Agreement for Disability premium exception
      Advantages:
        • Adapted to economic needs when reaching retirement age
        • Coverage, premiums, and Flexible benefits adapted to financial possibilities
        • Savings benefit that allows it to academic preparation needs
        • Financial security to the beloved ones
        • Payment mode made easy with monthly amounts through credit card charge, extrafinanciamiento /ahorro club, or payroll discount
        • Loans available for emergency needs
        • Attractive interest rate and guaranteed rate
        • Flexible coverage and premiums
        • Leveled or increased protection, based on needs
  • 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.
    General Conditions:
    • Policy designed to give protection with no geographical limits, with coverage in and outside your trade, available in U.S. Dollars and local currency
    • Insurance provided by this policy cannot be transferred or handed over
    Some advantages:
    • Conversion privilege
    • Burial expenses coverage for the principal insured and his dependents
    • Any insured, while covered under this policy, can change his beneficiary from time to time
    • Annual premiums, payable annually, semiannually, quarterly, monthly, or bi-weekly payments
    • 30 days grace period for the complete premium payment
    • Annually renewable policy
    • Premium exception for total disability
    • Monthly income for total disability
    • Death and accidental dismemberment (MYDA)
  • Accident Medical Insurance: This plan refunds medical expenses incurred by the policyholder in the event of an accident.
  • 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.
    General Conditions:
    • Policy that offers coverage to deal with basic health needs, as with related unexpected situations. This plan guarantees medical expense reimbursement incurred by the insured as a consequence of having received medical services related to an accident or an unforeseen disease.
    Some advantages:
    • Coverage for dependent family members
    • Wide and exclusive local Providers Network
    • Medical expenses by accident coverage
    • Local coverage
    • Deductible transfer
  • Health and Accident Medical Insurance: This plan provides coverage for medical expenses incurred by the policyholder in the event of an illness or accident.
    General Conditions:
    • Policy that offers coverage to deal with basic health needs, as with related unexpected situations. This plan guarantees medical expense reimbursement incurred by the insured as a consequence of having received medical services related to an accident or an unforeseen disease.
    Some advantages:
    • Optional dental coverage, including a wide variety of benefits depending on the client’s needs
    • Coverage for dependent family members
    • Wide and exclusive local and international Providers Network
    • Burial expenses coverage for the principal insured and his dependents
    • Medical expenses coverage adapted to the companies’ needs
    • Optional labor obligation coverage
    • Medical expenses by accident coverage
    • Local and International coverage
    • Deductible transfer
    • Preventive vaccine treatments (Healthy infant control)
    • Maternity coverage
    • Individual policy conversion option
  • Minimed: This product offers life and medical insurance to companies with a group size of 5-25 employees.
    General Conditions:
    • Life and health policy aimed at companies whose number of employees is small (Small and Medium size companies), with 3 coverage options, choosing the most convenient one for your company.
    Some advantages:
    • Monthly payments
    • Preexistence coverage after a 12 months period
    • Unique renovation date
    • Central American or world coverage
    • Maternity coverage
    • Life insurance from Lps. 75,000.00
    • Labor obligation coverage
    • Burial expenses coverage for the principal insured and his dependents

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

Pan-American Life offers individual health insurance with attractive benefits and services that includes coverage for medical expenses, dental and a life insurance policy.

  • Panamedic: Panamedic is an individual insurance plan that offers individual or family coverage.
    General Conditions:
    Individual Health policy offering various insured amount options, according to the needs and financial capability. This policy covers the principal insured, his partner, and his child, as long as they depend financially from their parents. Premium can be paid monthly and can have benefit transference; meaning that it is a plan designed to offer coverage during the whole policy holder lifetime, because it does not have a maximum age.
    Advantages:
    • Death, dismemberment, and sight loss by accident benefit (MyDA) includes double benefit for a qualified death
    • Burial expense benefit for dependents with an established amount in the Insurance Table, payable to the principal insured in the case a dependent dies
    • Calendar year deductible
    • Coverage for dependent family members, including single child that depend financially from their parents
    • Coverage change according to you need
    • Ambulance service covered, by aerial or terrestrial way
    • Wide and exclusive local and international Providers Network
    • Preventive vaccine treatments (Healthy infant control)
    • Maternity benefit
    • Optional dental coverage
    • Child insured as dependent younger than 25 years old, that marry, have the right to automatic coverage as a principal insured, after filling required information.

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 Gastos Médicos Mayores Pan-American WorldAccess: Seguro de Gastos Médicos Mayores Pan-American WorldAccess, offered through Pan-American Life Insurance Company, Honduras 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 Gastos Médicos Mayores Pan-American 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 Gastos Médicos Mayores Pan-American 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 Gastos Médicos Mayores Pan-American 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. 

Seguro de Gastos Médicos Mayores Pan-American PreferredAccess: Seguro de Gastos Médicos Mayores Pan-American PreferredAccess, offered through Pan-American Life Insurance Company, Honduras 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 Gastos Médicos Mayores Pan-American 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 Gastos Médicos Mayores Pan-American PreferredAccess insureds can choose from a list of top rated U.S. Hospitals. As a Seguro de Gastos Médicos Mayores Pan-American 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 Gastos Médicos Mayores Pan-American PreferredAccess insureds have access to any hospital or doctor outside the network in the U.S.

For more information about Seguro de Gastos Médicos Mayores Pan-American WorldAccess and Seguro de Gastos Médicos Mayores Pan-American PreferredAccess, please contact your insurance agent or call (504) 2239-5114, or contact us directly for your specific concerns:

General Information and Service: serviciohon@paligpc.com
Policy Management and Risk Selection: evaluacionhon@paligpc.com
Medical Issues and Emergencies: notificacioneshon@paligpc.com
Medical Records and Claims: reclamoshon@paligpc.com

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

Seguro de Gastos Médicos Mayores Pan-American 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 Gastos Médicos Mayores Pan-American 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

PALIGMED Medical Network


PALIGMED
PALIGMED Traveler

María del Rosario Álvarez
Country Manager

Tegucigalpa

Col. Palmira Ave. República de Chile No. 804
Edificio PALIC
Apartado Postal No.123
Tegucigalpa, M.D.C., Honduras
(504) 2216-0909
Benefits: PALIC-Beneficios-Reclamos-HN@palig.com
Authorizations: PALIC-Autorizaciones-HN@palig.com
Individual: PALIC-VidaIndividual-HN@palig.com

San Pedro Sula

Centro Comercial Santa Mónica Este
segundo nivel, área corporativa
Blvd. del Norte, Salida a Puerto Cortes.
Apartado Postal No. 635
+(504) 2558-8058 al 70

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

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