Easy ways to teach kids about money

With so many online sites and television shows advertising toys, clothes and gadgets for children, today's kids are tempted to buy all sorts of things at a very early age. 

It is important that parents teach their children as early as possible how to manage money well.

AXA Philippines, one of the country’s leading insurance companies, offers some tips on how to teach children important financial lessons:

Introduce the concept of money. Helping children understand and respect money from an early age will help them manage it well when they become adults. Start by letting the child see and handle coins and small bills so they become familiar with money as part of everyday life.

Start with a savings jar. A piggy bank is a good idea, but a clear jar is even better. With a clear jar, the children see their money growing. Saving loose change or 10 percent of their allowances can make a big difference. Talk this through with them and stress the importance of savings. 

Let them earn. Summer jobs will help young people learn about business and hard work. The same goes for doing chores. If they get an allowance, call it a commission instead. Allow kids to earn commissions for different household chores.

Show that things cost money. Do more than simply saying, “That toy car costs ₱300.” Let them get some cash from their jars to bring to the store and let them be the ones to hand the money to the cashier. This simple action will have more impact than a five-minute lecture on the value of money.

Set an example. Children learn by example. The best way to teach them about saving money is to set a healthy example for them that they will be much more likely to follow  when they get older. Show children how prices differ and explain how to make more intelligent choices. Reiterate the message that every time they get money, they should save part of it to prepare for the future.

For more information, visit www.axa.com.ph

Top 5 new health and wellness trends to try

New health trends and exercise programs can lead to longer, more productive lives.

“Health is wealth,” the saying goes, but many people often overlook this gem of a concept because of many factors. For one, on top of the demands of a busy lifestyle, workout routines and healthy regimens become boring and uninteresting after a while – or simply get too hard to stick to.

You can get back on track towards wellness by trying out new health routines and practices. AXA Philippines, one of the country’s leading insurers, shares these new wellness trends to revive your interest in a healthier lifestyle:

Online workout subscriptions. If you cannot go to the gym, a few clicks on your computer can lead you to online fitness programs that will help you get fit in the comfort of your own home. One of various exercise routines offered by workout websites may suit your needs and budget. Subscriptions cost only about ₱500 to ₱1,000 per month.

Sound bath. Despite its name, sound baths do not involve water and soap. It is an alternative healing practice that uses sounds and sonic waves to calm the body and mind. As you lie on your back and close your eyes, sound bath healers will produce relaxing music using Himalayan singing bowls, crystal bowls, gongs, chimes, Biosonic tuning forks, shamanic drumming, and other percussion instruments. People now use this auditory approach for deep relaxation and meditation, as the sounds slowly allow them to relax fully and explore the inner self.

Sleep technologies. It is recommended that adults aged 18 to 64 should get seven to nine hours of sleep per day. Not getting enough sleep can weaken the immune system, affect bodily functions,and even increase the risk of future respiratory diseases and cardio-cerebral vascular illnesses. Several companies have developed state-of-the-art devices that can enhance natural sleep and ultimately improve a person's lifestyle: wristbands and smartwatches, temperature regulators, bedside monitors, and smart beds and mattresses to help you get a good night’s rest.

Digital detox. Technology has caused unnecessary stress and emotional strain to many so a growing number of people are trying to “disconnect to reconnect.” Digital detoxification can effectively reduce stress, improve emotional state, increase work productivity and boost social interaction. You will be surprised at how logging off from social media and limiting use of electronic devices can improve your physical and mental wellness.

Intuitive eating. This is perfect for those who find it difficult to follow a strict diet. This no-diet approach is all about eating when you are hungry and stopping when you are full. Intuitive eating encourages people to have a healthy attitude toward food and body image, and to honor their hunger by finding ways to satisfy it in a healthy way. It also helps people cope with stress and other extreme emotions without using food as a coping mechanism. Intuitive eating does not only focus on losing weight, but highlights the need to feel energized, strong and alive.

As poor health choices can lead to critical illnesses that can affect anyone at any age, it is important to protect yourself from the financial repercussions of getting sick. AXA Philippines has several health plans that suit your need and budget, no matter what life stage you are in. For more information, visit www.axa.com.ph.

AXA Philippines introduces electronic policy

AXA Philippines now makes it possible for you to access your insurance policies anytime and anywhere 

AXA Philippines, one of the leading insurers in the country, now makes it possible for customers to access a copy of their insurance policies anytime and anywhere with e-Policy.

“We are happy to introduce this newest feature to our customers as it allows them to view their AXA policies at virtually anytime they wish,” says AXA Philippines president and CEO Rahul Hora. “The e-Policy is considered legal and valid with the approval of the Insurance Commission.”

This new service is currently available to clients with policies issued on July 23, 2018 onwards. It is generated two days after the policy is issued - no need to wait for weeks to get a copy of the policy.

A customer can save the e-Policy to his personal storage, print a hardcopy, and even email a copy to his beneficiaries. This way, there is no need to worry about lost files or bulky documents.

AXA Philippines policyholders can get a copy of their AXA e-Policy simply by following these simple steps: Register an account on MyAXA portal, login to that account, and go to “My Policies” to view the contract and other documents. With internet access, customers can have easy access to their policy contractsright away.

For more information, visit https://axa.com.ph/epolicy/faq or contact an AXA Philippines agent today.

Entrepreneur rebuilds business from the ashes with help from AXA

                                 
                                     AXA Philippines customer, Kenneth So

In 2016, a fire in Benguet made headlines as it destroyed a warehouse—one that was owned by entrepreneur Kenneth So, and one that provided stable jobs for a lot of workers. So and his team, some of them very loyal employees that had been with him for a long time, could only watch as years of hard work went up in smoke in a matter of hours.

So was grateful that the insurance company he chose—AXA Philippines through its general insurance subsidiary Charter Ping An—swiftly came to his rescue and went the extra mile to process his claim promptly so he could get back on his feet as soon as possible.

So’s business, Granville Corporation Supply Holdings, is a strong player in the competitive supply chain industry. The company plays a key role in the logistics and distribution of fast moving consumer goods across key markets. So employs 400 people to ensure prompt servicing of customers

The fire destroyed Grandville’s four-storey warehouse in La Trinidad, Benguet, and millions of pesos in inventory. Fortunately, So had the foresight to get a comprehensive fire insurance coverage from leading global insurer AXA. His loyal staff also rallied together during a truly trying time. The company is now slowly but surely recovering.

The ease and speed with which So was able to receive his insurance claims and the attentive and dedicated service he received from AXA helped ease his burden. “Now, our warehouse is being rebuilt,” So says. “This is the start of a new beginning.”

So’s experience with AXA is proof of AXA’s unwavering commitment to its customers, backed by superior financial strength and worldwide reach, to be there when it is most needed. It assures clients like So, whose employees and their families count on for their livelihood, can live the life he chooses—free from uncertainty and anxiety, no matter what challenges he has to face.

For more information, visit www.axa.com.ph today.