State-owned Development Bank of the Philippines (DBP) has signed a memorandum of agreement with the Philippine Deposit Insurance Corporation (PDIC) to facilitate the payment of insurance claims to depositors of closed banks, a top official said. DBP President and Chief Executive Officer Emmanuel G....
A World Bank study recommending reforms in the Philippine Crop Insurance Corp. (PCIC) has found that the state-run firm’s current approach to agricultural insurance neither provides value for money to taxpayers nor adequate protection to farmers. The PCIC is also “very exposed to catastrophe...
Gokongwei-led private investment firm JE Holdings, Inc. has secured the approval of the Insurance Commission for the acquisition of a stake in Maxicare Healthcare Corp. In a statement on Friday, June 3, Insurance Commissioner Dennis B. Funa said the Gokongwei family, through JE Holdings, now owns...
Two lucky policyholders of top-ranking insurance firm, BPI AIA (formerly BPI-Philam), each get rewarded with a brand-new car for simply sustaining their policies. Eleazar Jugarap won a new Honda HR-V for consistently paying his policy premiums on time, while Arnaldo Andrade was the raffle winner...
Filipinos remain focused on building their financial protection and securing their health despite coronavirus statistics and alert levels steadily going down, a recent survey showed. In a report by the Sun Life Grepa Financial, Inc. (Sun Life Grepa), it said that health protection continued to be...
Sun Life Philippines (Sun Life) paid about P6.5 billion in death and living benefits last year amid the prolonged pandemic. In a statement, Benedict Sison, Sun Life Philippines chief executive officer and country head said on Friday, May 13, that the payout of claims and maturities fulfilled the...
Do you still remember the garments factory workers who were supporters of former Senator Ferdinand Marcos Jr., before they were met by Vice President Leni Robredo? Vice President Leni Robredo meets supporters of former Senator Ferdinand Marcos Jr. in a garments factory in Parañaque City on...
(PhilHealth / MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) is set to implement a higher premium rate for its members starting June in accordance with the Universal Health Care (UHC) Law. “What should be the premium contribution rate for calendar year 2022...As of...
The Insurance Commission (IC) has issued a new license to AIA Philippines Life and General Insurance Co., Inc. following its merger with Philam Equitable Life Assurance Co., Inc. (PELAC). In a statement, Insurance Commissioner Dennis B. Funa said on Thursday, April 28, that the IC needed to issue a...
(PhilHealth / MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) reminded college students who will join limited in-person classes to register with the agency or secure medical insurance which will help in covering their expenses in case they contracted Covid-19. PhilHealth...
Senator Christopher “Bong” Go appealed to the Inter-Agency Task Force (IATF) to simplify requirements for college students as schools return to face-to-face classes. Go said the government should keep in mind that most people are still having a hard time adjusting to the new normal as students...
AIA Philippines and its bancassurance arm BPI AIA are expecting stronger growth this year on the back of improved economic environment amid easing quarantine restrictions. After posting solid results last year, Kelvin Ang, AIA Philippines chief executive officer, said that the successful rollout of...
