In the early 1950s, the Philippine economy had finally recovered from war, and the business community was starting to look to the future with optimism.

Ambassador Alfonso T. Yuchengco launched Grepalife Financial on March 15, 1954, fully-formed into the highly competitive field of life insurance. It soon established itself in the local industry through its innovations: underwriting of medically substandard cases; non-medical underwriting; introducing the installment and salary deduction plan for premium payments

Although these ideas are now taken for granted throughout the industry, they were daring innovations at that time, helping define the company’s identity as a company that was willing to break new ground and to try new things in bringing better life insurance coverage to the Filipino people.

Fast forward to 2011, the company has since enjoyed a reputation as one of the top life insurance companies in the country. But a company is driven not only by capital and the imperatives of profit, but by the vision of its leaders and the values that it holds.

With a vision of more Filipinos achieving financial protection and security, the Yuchengco Group of Companies sealed a joint venture agreement with Sun Life Financial. Sun Life Grepa Financial, Inc. had finally arrived.

Sun Life Grepa’s journey of growth is a testament to its unwavering purpose of helping Filipinos achieve lifetime financial security and live healthier lives.

In 2017, the joint venture reached its one million client milestone. Just a year later, the number of lives insured doubled to 2 million – an achievement that underscored the company’s growing impact. Continued efforts to expand access to financial protection led to a 30% growth in the bancassurance client base in 2021.

In 2023, Sun Life Grepa reinforced its financial strength with a 17% increase in total premium income.

By 2024, the company had covered more than 3 million lives, further solidifying its commitment to empowering more Filipinos toward a brighter, more secure future. Reinforcing its people-first culture, Sun Life Grepa earned the prestigious Great Place to Work® certification for three consecutive years from November 2023 to November 2025 and was honored with the Philippines Employee Engagement of the Year – Life Insurance Award at the Asian Management Excellence Awards 2025 for its holistic employee wellness program.