Sun Life paid P3.6 billion claims, Maturities in 2017

Insurance

Sun Life of Canada (Philippines), Inc., the 2017 top life insurance company in terms of premium income, paid out a total of P3.6 billion in cmaturities and claims in 2017, a strong demonstration of its commitment to fulfil its obligations to its clients.

Of the amount, P1.5 billion were for death and living benefit claims arising from individual life policies (example whole life and VUL policies), while P2.1 billion were payments for matured individual life-insurance policies (example: endowment plans).

“Our clients’ trust is built upon our ability to deliver on our promises—a definitive expression of which is the payment of claims and maturities. As always, it is our honor to fulfill our duty,” Sun Life President and Chief Agency Distribution Officer Alex Narciso said.

Sun Life continues to have one of the fastest turnaround times in the life- insurance industry in terms of claims payment. Just recently, the company increased its threshold amount for speedy death claims processing from P3 million to P5 million. This means that death-benefit checks are ready for release within 3 hours from receipt of claim request at the Bonifacio Global City  (BGC) Taguig head office for those with complete and satisfactory claim requirements and following set criteria for speedy death claims.

Kudos to Sun Life!

 

(Credit to Business Mirror)

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Raymund F. Camat, CIS, REB, CWP®, CEPP® is a SEC-Certified Investment Solicitor (CIS), Certified Wealth Planner and Certified Estate Planner, Phils. He is also a licensed insurance and mutual fund advisor for Sun Life Financial. He wants to educate the Filipino public on the importance of financial planning, investment planning, wealth planning and estate planning. He offers Personal and Family Wealth Planning to Filipinos from different generations. He has a bachelor's degree from the University of the Philippines. You can reach him at 09179698062 (Globe/TM/ABS-CBN/Viber), 09392787408 (Smart/TalkNText/Sun Cellular), (02) 508-9025 (Landline) or email him at raymund.camat@moneytalkph.com. For OFWs, he also conduct online video consultation through Skype, Viber or FB Video Call. ________________________________________ DISCLAIMER: This website reflects only the views and opinions of Raymund F. Camat and is not part of any official communication tools of any life insurance and investment company. The views and opinions on this website do not necessarily reflect those of the company, the management, the advisors/agents and the employees of any life insurance or investment company.
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