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We use cookies to ensure you get the best experience on https://www.sunlifegrepa.com. By continuing to browse our site, you are agreeing to our use of cookies.Sun Life Grepa Financial, Inc. (Sun Life Grepa) and Rizal Commercial Banking Corporation (RCBC) renew their partnership stipulating another 10 years of bancassurance.
Sun Life Grepa was formed as a joint venture between the Yuchengco Group of Companies (YGC) and Sun Life Philippines. Today, Sun Life Grepa has become a major life insurance company in the country. Through the renewed bancassurance partnership, more Filipinos are able to access financial protection products through the strength of the RCBC network nationwide.
There were many milestones achieved in the first 10 years of the joint venture. This included a 10% compounded annual growth rate achieved even with business challenges encountered at the height of the pandemic. In addition, Sun Life Grepa’s product portfolio since the start of the joint ventures has grown to more than 50 traditional and investment-linked offerings for individual and corporate clients. As part of the Sun Life Group, Sun Life Grepa also launched the country’s first Remote Online Medical Exam (ROME) service. Furthermore, it also started to offer insurance packaged with specific bank products, as well as a 24/7 contact center and a Telemedicine service with its division Grepa Medical and Diagnostic Clinic for non-face-to-face servicing of clients’ medical inquiries. Sun Life Grepa and RCBC also worked on the FAST Break program, an innovation which enabled selected bank clients to avail of life insurance protection under a simplified process through the use of analytics. Since the start of the joint venture, 2.97 million Filipino lives have been insured.
The current partnership, set to expire in 2023, received an early approval for renewal up to 2033. The next 10 years is geared towards further digital transformation and more innovative life protection offers to help future-proof lives of RCBC depositors and the general public. The transformation has already started, as evidenced by the continuous collaboration focusing on both companies’ payment systems, digital platforms, general client communication, and ease of doing business campaigns on client applications.
The partnership is further strengthened by YGC’s overall digital transformation across its roster of companies to future-proof its stakeholders, bringing clients new ways of establishing life protection and wealth building so they can keep track of their financial journey with more efficiency.
The renewed partnership boosts RCBC’s bancassurance product suite, which is an integral part of its business. It gives both companies more opportunities to contribute to further development in the industry for the next 10 years.
Taking care of our health and well-being is always important, whether there is a pandemic or not. Unforeseen health emergencies, however, can burn a hole in our pocket and derail our finances.
To help Filipinos have a safety net during medical emergencies, Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the country, has launched Sun Grepa First Aid Plus, an affordable health protection plan that provides cash benefits so you can worry less about costly medical bills due to hospital confinement or surgery.
“While we can’t prepare for everything, it is important to always have a plan in place,” Sun Life Grepa President Richard S. Lim said. “Sun Grepa First Aid Plus provides financial help when you need it the most, such as unexpected medical emergencies.”
Sun Grepa First Aid Plus pays a fixed amount for each day of hospital confinement which doubles if the confinement is in an intensive care unit (ICU). Aside from these, the product also pays benefits should the insured undergo a covered surgery. It also offers life insurance coverage for 10 years and additional cash benefit in case untimely passing due to accident happens. In case of total and permanent disability, premiums are waived so you don’t need to worry about future premiums due.
Plus, with the plan’s money-back feature, clients can get up to 75% of thetotal premiums* paid when they outlive the protection period of 10 years, whether there were hospitalization claims paid or none.
Prepare for medical emergencies with Sun Grepa First Aid Plus and enjoy easy application process through the Simplified Issue Offer. For more information, go to https://www.sunlifegrepa.com/home/insurance/health-protection/sun-grepa-first-aid-plus/, contact your Sun Life Grepa Advisor, visit any Sun Life Grepa branch or email wecare@sunlifegrepa.com.
*Total premiums will be based on the original annual premiums at policy effective date, net of any extra premium and/or modal loading.
Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major insurer in the country, and Home Credit Philippines (HCPH), a leading consumer finance technology provider, continue to strengthen their strategic partnership for the underserved Filipino market.
Sun Life Grepa and HCPH have enhanced the coverage six times in the last five years. The latest enhancement provides a P50,000.00 personal accident and P5,000.00 accident medical reimbursement insurance to all eligible family members of Home Credit borrowers. This further protects the Filipino borrowers from unexpected emergencies in their family.
“Through this partnership, we were able to create solutions and implement innovative initiatives, giving Filipinos better control of their finances,” Sun Life Grepa President Richard S. Lim said. “As our partnership with HCPH continues, we will make sure to intensify our efforts to reach more of the underserved sector and build more options for financial protection tailored to their needs.”
Furthermore, since inception, Sun Life Grepa and HCPH were able to secure more than eight million borrowers offering financial security while providing peace of mind not only for themselves but for their families as well.
“As a company built on the concept of responsible lending, we have made it our mission to improve financial literacy among mass market. We are grateful for this partnership with Sun Life Grepa and we look forward to more opportunities to grow our presence and promote this endeavor with them,” HCPH CEO David Minol said.
As a global tech-driven consumer finance company built on the concept of responsible lending, Home Credit has made it its mission to improve financial literacy among the mass market. Sun Life Grepa gives its wholehearted support to HCPH’s mission as it is aligned with Sun Life Grepa’s direction to provide more financial protection options to Filipinos, whether it be for personal accident or health protection.
The continued collaboration is especially relevant now as life and health protection have become increasingly important in people’s priorities in the pandemic environment. For more information, contact Sun Life Grepa at 8849-9633 or HCPH at 7753-5711.
Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the country, together with the A.Y. Foundation, the corporate social responsibility arm of the Yuchengco Group of Companies, recently donated tablets to the Department of Education – Division of General Trias. These tablets will be distributed to four different schools, namely Tropical Village Elementary School, Governor Ferrer Main National High School, Pasong Kawayan II Elementary School and Luis Y. Ferrer Jr. National High School as part of Sun Life Grepa’s Share the Passion corporate social responsibility program.
“This kind of donation is important to schools especially now when virtual learning is needed and gadgets like these can support the learning of students,” said Doris Estalilla, Department of Education General Trias Schools Division Superintendent.
“Education is an important cornerstone of Sun Life Grepa and the AY Foundation’s advocacy,” said Bessie Arciga, Head of Corporate Brand for Sun Life Grepa. “Through donations like this, we continue our commitment to being part of the evolving learning landscape as schools strive strengthen their learning infrastructure in the new normal.”
Shown in the photo (left to right) are Education Program Specialist II Jofit Dayoc; Dr. Ines Inocencio, Education Program Supervisor; and Dr. Estalilla, Schools Division Superintendent, who received the tablet donation from A.Y. Foundation Scholarship Coordinator Lyka Luzuriaga (2nd from right) and Sun Life Grepa Head of Corporate Branding and Communications Bessie Arciga (far right).
With parents and families trying to adjust to a today’s way of life with remote job tasks, online learning for kids, social distancing and home isolation, Judy Ann Santos-Agoncillo, shares how she keeps her family in tune with the new normal and discusses the importance of preparing ahead.
“We have learned a lot from the past years of having a pandemic. When the pandemic started, everybody thought that it will just pass quickly. Pero tumagal nang husto and now everyone is concerned about loved ones, especially kids,” Judy Ann said. “To help your kids feel better, importante talaga to keep an open line of communication with them and reassure them whenever they are feeling worried. Let them know that you will get through this challenge together as a family. At the same time, as parents, we need to be a role model to our children by building empathy and helping other people.”
Mindful of protecting children’s health in a pandemic, Judy Ann also shares how she takes care of her family. “I always make sure that my kids are always eating healthy and proper food. Gusto ko din na active sila even if they are confined to the home space, so I regularly engage them in physical activities. Because I’m working from home, it’s easier for me to encourage my kids.” she said. “Importante yung may routine that includes taking care of yourself, malaking bagay na yun sa ating mga mommies,” she added.
Judy Ann goes on to cite the great opportunities in the changing environments around home and work, saying that this is the best time to build a bond with loved ones and we must make the most of it. “I’m just happy that I’m able to observe and see my kids mature because they grow up so fast and I wouldn’t want to miss any part of it.”
To add, Judy Ann also shares how many people around her have learned during the pandemic the importance of planning ahead for uncertainties. “We can never really predict what the future holds for us, what’s important is everybody is safe and healthy, especially now. To do that, magplano tayo ahead,” Judy Ann said.
“Now that we know better, put together ways to keep everyone in your circle safe and healthy. Have a plan that ensures your loved ones follow preventive measures such as taking vitamins, home isolation, and health testing. Maganda din that we have a financial protection plan for ourselves and our loved ones in case of emergencies. When you have these in place, panatag ka.”
The actress also gives advice to all moms who are navigating the balance between motherhood and work. “To all the working moms out there, make sure you learn something from this pandemic as we move forward. At the same time, if you want to try something new, go for it because life’s too short to think twice. Believe in yourself and this is the perfect time to grow, grow with your loved ones as their lifetime partner.”
Judy Ann headlines Sun Life Grepa Financial Inc.’s (Sun Life Grepa) Your Partner Beyond a Lifetime campaign. For inquiries, visit Sun Life Grepa’s Facebook page (@sunlifegrepa) or log on to www.sunlifegrepa.com.
Sun Life Grepa Financial, Inc. (Sun Life Grepa) is launching three new Peso funds that invest in various financial instruments worldwide, thus allowing clients to maximize the growth potential of their Philippine Pesos. These are the SLG Peso Global Income Fund, SLG Peso Global Growth Fund, and the SLG Peso Global Opportunity Fund.
These new SLG Peso Global Funds are available as fund options to any Sun Life Grepa PHP-denominated investment-linked life Insurance plans that provide coverage until age 88 or 100, depending on the plan chosen. This will allow them to enjoy the combined benefit of insurance protection and investments in one financial solution.
Each SLG Peso Global Fund operates as a fund-of-funds; Peso premiums will be converted into US dollars and will be invested in high-quality fixed income-centric, equity-centric, and multi-asset global funds.
“These new funds are for clients who want to expand the investment reach of their Peso assets by getting access to global markets,” Sun Life Grepa President Richard S. Lim said. “It is suitable not only for those who want to address life insurance protection needs but also for those who aim to diversify their assets to address wealth accumulation and long-term needs such as preparing for retirement.”
The Funds will be managed by Sun Life Grepa’s professional fund managers who will actively manage the portfolio to swiftly reallocate assets and capitalize on investment opportunities.
Take your Peso’s earning power to the next level with SLG Peso Global Funds! For more information, contact your Sun Life Grepa advisor, visit any Sun Life Grepa branch or email wecare@sunlifegrepa.com.
Good health is our most valued asset. It helps us achieve our goals and make our lives better. However, we also face risks every day, especially when it comes to our health. If we are unprepared, one health emergency can impact our savings significantly.
To help Filipinos manage these vulnerable health situations, Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the country, has launched Sun Grepa ICU Protect, a health insurance plan that ensures your financial health is well-taken care of during life’s critical moments. It provides significant benefits for life-threatening conditions requiring intensive care and life support. It includes benefits for daily and even long-term intensive care unit confinement and coverage for specific major critical illness conditions such as stroke, heart attack, cancer, or major surgery for coronary artery bypass graft.
“Even with excellent health insurance, just one severe illness can be a tremendous financial burden for you and your family,” said Sun Life Grepa President Richard S. Lim. “With Sun Grepa ICU Protect, clients can have peace of mind knowing they are prepared for any health emergencies and the future of their loved ones are financially secure beyond a lifetime.”
Sun Grepa ICU Protect also offers preventive care benefits such as a choice of either a medical exam, vaccination, or COVID-19 screening test, to help clients proactively maintain their good health and lower their risk of acquiring life-threatening diseases. Furthermore, clients will be given access as a Gold member to Go Well community so they can enjoy special privileges to various wellness programs and activities.
Meanwhile, its protection benefits include life insurance coverage up to 100 years old, with a guaranteed life insurance benefit of 100% of the policy’s face amount even after the ICU benefits and major critical illness benefits have been claimed.
Plan ahead and let Sun Grepa ICU Protect care for you during life’s critical moments. For more information, contact your Sun Life Grepa advisor, visit any Sun Life Grepa branch or email wecare@sunlifegrepa.com.
Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurer in the country, is celebrating its successful partnership of 10 years with one of the most trusted commercial banks in the Philippines, Rizal Commercial Banking Corp. (RCBC).
Over the years, Sun Life Grepa’s bancassurance partnership with RCBC has grown significantly and continues to provide dependable financial protection to ever increasing number of Filipino families thru the bank’s network of over 400 strategically located branches nationwide.
“This is indeed a historic moment for us. The 10-year partnership marks a decade of incredible growth and success, a testament to the resilience of both organizations. It illustrates how we have reached new heights after a decade of steady growth, undertaking new challenges to perform better, and aiming to offer a superior experience to our customers in every encounter,” Sun Life Grepa President Richard S. Lim said.
For RCBC President and CEO Eugene S. Acevedo, the bancassurance synergy paved the way for RCBC to offer innovative life insurance products. “After 10 years of sustained growth and success, we look forward to more opportunities to revolutionize the bancassurance industry, offer powerful digital solutions, and open more doors of financial protection to Filipinos.”
Moreover, in celebration of the anniversary and as a way of thanking RCBC for 10 years of partnership, Sun Life Grepa is giving qualified RCBC depositors clients free life insurance coverage worth PHP100,000 for 3 months. Interested depositors may inquire with their RCBC Branch of Account or contact their Branch Relationship Manager. This promo is available until February 28, 2022 only.
Unexpected workplace injuries and accidents can disrupt your employees’ lives and interrupt the overall productivity of your business.
To help businesses especially micro, small and medium enterprises (MSMEs) protect their employees against these accidents and uncertainties, Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the Philippines, introduced Accident ProSafe.
Accident ProSafe is a packaged group insurance plan that offers comprehensive coverage against accidents designed for MSMEs with five (5) to 200 employees.
“By creating safe environments, workplace injuries that result in lost days on the job can be minimized and can lessen negative effects on productivity. The Accident ProSafe is an added protection intended not only to secure your employees against unfortunate events but to also boost their faith and loyalty in your company,” says Peter Miranda, Vice President for Sun Life Grepa Healthcare.
Sun Life Grepa’s Accident ProSafe offers a comprehensive protection plan with benefits such as Group Personal Accident Insurance that provides a guaranteed benefit in case of accidental death, dismemberment or disablement. Likewise, it offers Accident Medical Reimbursement Benefit that reimburses inpatient and outpatient medical expenses incurred to treat bodily injuries due to accident. The package also includes Group Hospital Cash Benefit that provides a fixed cash benefit for every full day of confinement due to accident.
Accident ProSafe has readily available premium rates that are designed to fit the budget of MSMEs. This is the third product for MSMEs that Sun Life Grepa has launched within the last year – the first two being Smart Care Plus and HIPSTER. As such, this completes the company’s options for MSMEs who wish to keep their workforce protected.
Protect the safety and welfare of your employees with Accident ProSafe. Be Hyped to Ignite Productivity (Be HIP) and get Sun Life Grepa as your Health Insurance Partner (Get HIP) today. For inquiries about Accident ProSafe, contact your Sun Life Grepa advisor, visit any Sun Life Grepa branch or email groupsales@sunlifegrepa.com. You may also visit the official Sun Life Grepa Healthcare Facebook page at https://facebook.com/sunlifegrepahealthcare.
Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the major insurers in the country, and ACM Business Solution, Inc. (ACM) recently signed a strategic partnership agreement to address the life insurance needs of the underserved sector in the Philippines.
With this partnership, affordable Sun Life Grepa insurance plans will be made accessible to more than 300,000 qualified Go VIP customers spread across 1,900 VIP Payment Center branches nationwide.
“This partnership opens new and exciting opportunities for both companies. This will enable us to widen our reach to markets previously untapped. Riding on the crest of this fast-growing company, ACM can help us in our mission to help every Filipino achieve financial security and live healthier lives,” Sun Life Grepa Vice President and Head of Affinity Marketing Joen M. Songco said.
“In our venture to continue to strengthen our foothold in the financial industry, building a strategic partnership with one of the major insurers in the Philippines supports our commitment to deliver financial services closer to the community, particularly the unbanked sector. The synergy of both our organizations paved the way for us to offer innovative insurance products and services to our markets,” ACM President and CEO Rico Fernando M. Chico said.
During the signing, Sun Life Grepa was represented by Mr. Songco, who was joined by Affinity Marketing Development Manager Paul Jude B. Galera. ACM, on the other hand, was led by Mr. Chico, who was accompanied by its Chief Marketing Officer Jose D. Almilla Jr.
ACM, the company behind Go VIP Center, is one of the home-based or store-based Payment Center solution providers in the Philippines while Sun Life Grepa is a joint venture between Sun Life Philippines and the Yuchengco Group of Companies.