Protection
Put yourself at ease by protecting those you love
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{{label}}01 June 2018
Bancassurance firm BPI-Philam Life Assurance Corp. continued to outpace its financial performance from previous years according to recent data released by the Insurance Commission.
Across the board, the company grew more than a billion pesos in both premium income and net worth posting an increase of 6% and 22% in each category respectively.
With a net worth of P 7, 149, 854, 289, the company remains the top fastest-growing bancassurance firm in the list.
Further, as part of the Philam group, BPI-Philam's growth contributed to the strong industry standing of parent company Philam Life, boasting a combined premium income of P40.2 billion.
A strategic alliance between life insurer Philippine American Life and General Insurance Company (Philam Life) and the Bank of the Philippine Islands (BPI), the country's number one bancassurance company relied on world-class customer offerings and nationwide reach of its parent companies to further establish its industry foothold.
"This growth is a testament to the company's strong business model, customer-centric client servicing and industry innovative products," said BPI-Philam CEO Surendra Menon.
Early this year, the company was awarded the Philippine's Best Life Insurance company for 2017 by international finance magazine, World Finance following its exhaustive efforts in driving forward its advocacy of educating Filipinos on financial literacy.
"BPI-Philam plans to use this momentum to further develop products and services this year that not only meet the client's needs but also stand as innovations in the insurance industry," adds Menon. "We are looking forward to our third annual celebration of Bancassurance month this October to culminate this year's momentous wins."
To know more about BPI-Philam, visit www.bpi-aia.com.ph and https://www.facebook.com/BPIAIAOfficial/ or any BPI and BPI Family Savings branch across the country.
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About BPI-Philam
BPI-Philam Life Assurance Corp., is a strategic alliance between two leading companies in the country – The Philippine American Life and General Insurance Company (Philam Life) and Bank of the Philippine Islands (BPI). Philam Life is the premier life insurance company in the Philippines and the market leader for over 70 years. BPI is a leading commercial bank in the country with over 160 years of experience in the local banking industry and an extensive branch network of more than 800 branches and 3,000 ATMs.
BPI-Philam was recently hailed the Philippine's Best Life Insurance Company for 2017 by international finance magazine, World Finance. This win is a shining testament to the best quality service BPI-Philam has afforded Filipinos throughout the years with their accessible and comprehensive offerings.
BPI-Philam’s professional and expertly trained Bancassurance Sales Executives are assigned in BPI and BPI family Savings Bank branches nationwide to render financial advisory services that address customers' financial and protection needs.
With the combined expertise and resources of these two trusted companies, BPI-Philam policyholders are assured that their insurance is backed by financial strength and stability
Media Contact:
Mika Prado-Calixterio
Head of Branding and Communications
BPI-Philam
T: (02) 8 753 7522
E: MichaelaNoelle-P.Calixterio@aia.com
Pia De Jesus
Director
Rebel Marketing
T: (02) 8 882-3344 / +63-917-831-1032
E: piadejesus@rebelmarketing.com.ph