This is in reference to Inquirer Business reporter Michelle V. Remo’s series of articles which began on Monday, Sept. 16, 2013, with the title “PPI collapse dashes dreams of 245,000 policyholders.” In light of customer and public concerns resulting from these articles, Philippine Prudential Life Insurance Company Inc. (Philippine Prudential) is once again issuing this clarification and reassurance.
Philippine Prudential has no filial or business relationship whatsoever to Prudentialife Plans Inc. (or PPI), a preneed company which deals in pension, education and memorial plans and which is the subject of Remo’s articles.
Founded in 1963, Philippine Prudential continues to be an industry leader in innovation and growth in the life insurance industry in the country. It is a reputable 100-percent Filipino-owned financial services company committed to providing the best financial advice and diversified and affordable life, group and healthcare products through its multiple and accessible distribution channels, via a nationwide sales office network manned by over 1,200 sales agents and employees.
Now on its 50th year of sterling, trustworthy and continuous service, Philippine Prudential continues to grow and serve the best interests of its more than 1.8 million policyholders and their families. As of Dec. 31, 2012, its total premium income had reached P1,030 billion. Total assets are at P950 million, total investments at P465 million, and total equity at P360 million. The company is in the top 15 among all life insurance companies in the country, and in the top five among all Filipino-owned life insurance companies.
Philippine Prudential has been awarded the prestigious Superbrands status, making it the only life insurance company to be given this distinction for three consecutive years: in the 2009-2010, 2011-2012 and 2013-2014 awarding periods. In addition, the company has been recognized by the Insurance Commission for its contributions and efforts in the field of microinsurance. Since 2011, we have been the official life insurer of the Miss World Philippines Pageant.
Our valued policyholders can be assured that their interests are protected, as our company remains stable, financially strong and capable of meeting all of its obligations as a reputable and duly licensed life insurance company by the Insurance Commission. We remain focused on the daily execution of our business, providing the highest levels of service, as we continue to expand and write new business, while remaining committed to meeting our policyholders’ needs.
Our clients and other concerned parties may contact our customer service hotline at (02)902-2300 or e-mail: [email protected] for further inquiries.
—RODOLFO C. ESTRERA, head,
Corporate Communication Office,
Philippine Prudential Life
Insurance Company Inc.