Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the major insurers in the country, has tied up with Rizal Commercial Banking Corp. (RCBC) to offer special life insurance products through the RCBC DiskarTech Mobile App (DiskarTech).  

With this strategic collaboration, all new and existing DiskarTech users can avail of affordable life insurance products with premium prices ranging from Php36 to Php 108 per month. Over 1.5 million Diskartech users may choose from Sun Life Grepa’s diverse offerings such as My Income Protect Plus, My Scholar Plus, My Personal Life Shield and My Family Life Shield.  

“Teaming up with Diskartech provides us with opportunity to offer to Filipinos meaningful life insurance products that are easy to purchase, easy to maintain and easy to manage,” Sun Life Grepa President Richard S. Lim said. “Our initial life insurance offers are very relevant now, offering financial security for themselves and their family when it’s needed most.” 

“RCBC with its financial inclusion app DiskarTech has always been a champion of bringing inclusive digital finance services closer to Filipinos,” said Lito Villanueva, RCBC Executive Vice President and Chief Innovation and Inclusion Officer. “This collaboration with Sun Life Grepa concretizes our efforts to help our fellowmen understand and appreciate the value of insurance products through digital sachet insurance.”  

Depending on the product, policyholders are covered for accidental death, permanent disability and dismemberment with medical reimbursement, and life insurance protection.  

One can start their own journey towards a brighter future in three easy steps in the comfort and safety of their own home: 1) Choose the insurance plan you want, 2) Enroll through the Diskartech App, and 3) Receive the electronic Certificate of Cover.   

DiskarTech, which was recently launched by RCBC, is the first “Taglish” super inclusion mobile app that encourages users to manage their finances online. It can be downloaded through the Google Play Store and App Store. App users can open basic deposit accounts through DiskarTech in less than three minutes with no required maintaining balance, and users can also earn interest of 3.25 percent in terms of their savings.  

Sun Life Grepa and RCBC are both members of the Yuchengco Group of Companies (YGC). Sun Life Grepa is a joint venture of YGC and Sun Life Philippines while RCBC is a leading financial services provider in the Philippines offering a wide range of banking and financial products and services. Follow the Diskartech facebook page for more information.

Sun Life Grepa Financial, Inc. (Sun Life Grepa) recently won the MSME Insurance Initiative of the Year – Philippines at the Insurance Asia Awards 2022.

The level of health protection has always remained limited in the Philippines. Following government health financing schemes, only 44.7% of the P895.88m total health expenditure came from out-of-pocket household payments based on the Philippine National Health Accounts.

Moreover, high medical expenses have had a major impact on families, making various sacrifices in order to pay these bills, including significant changes to their financial situation or lifestyle.

To address this situation and make it easier for Filipinos to avail of health insurance, Sun Life Grepa, under its division called Sun Life Grepa Healthcare, created the entire Wellness, Protection, and Recovery holistic ecosystem to fulfill its commitment to be clients’ Health Insurance Partner (HIP). The provider aims to change the perception of Group Insurance from just a Payor to a Partner.

Sun Life Grepa focused on three key impact areas: People, Products and Proposition, and Digital Transformation.

“For our People, we promoted an agile sales ecosystem where they were encouraged to have flexible ways of working that allowed them to take initiative and feel more invested in the results of their work. For our Products and Proposition, we created a holistic approach to ensure a balanced product mix. Lastly, for Digital Transformation, from working with semi-automated backroom handling processes, we started providing our clients access to multiple integrated touchpoints in order to provide a seamless experience,” Sun Life Grepa Vice President for Group Marketing Operations Peter M. Miranda said.

Through this campaign, Sun Life Grepa worked with all distribution channels to focus on tapping into the underinsured market of Micro, Small, and Medium Enterprises (MSMEs). Three simple, affordable, and comprehensive MSME packages were created wherein rates are pre-approved so that distribution can sell instantly without the main office’s intervention.

It also improved on its digital experience and took its brand to the next level to efficiently deliver its key message to clients by providing extensive virtual wellness talks and launching a year-long COVID-19 informational campaign.

For his part, Sun Life Grepa Head of Group Sales and Strategies Justine G. Daguman stressed how important it is to invest in people and help them acquire new skills. “The concept of the entire Wellness, Protection, and Recovery holistic ecosystem was designed to help thriving entrepreneurs keep their people protected and in dynamic form. We attribute the success of the concept so far to having the right blend of starter products that are truly useful at different stages of business operation.”

Its member base grew by 26% compared to the previous three years. These were achieved amidst uncertainties and forced closures brought by the pandemic.

This feat has brought recognition to Sun Life Grepa, with the company being recognised as the recipient of the MSME Insurance Initiative of the Year – Philippines award at the Insurance Asia Awards 2022.

For inquiries, contact groupsales@sunlifegrepa.com, follow the Sun Life Grepa Healthcare Facebook page or visit www.sunlifegrepa.com. 

Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major insurer in the country recently forged an agreement with WeFund Lending Corporation (WeFund) to provide Group Credit Life Insurance Policy through WeFund’s Fintech app or financial technology platform, JuanHand.    

The loan protection program will cover WeFund members by paying the borrower’s outstanding loans in case of untimely demise to help lessen the financial hardship of loved ones.   

“This strategic partnership really gives excitement to all of us in Sun Life Grepa. As the Philippines moves towards financial inclusion, digital transformation and innovation, we are opening a window of opportunity with this partnership and we believe that it will help bridge the gap in serving the financial and protection needs of Filipinos,” Sun Life Grepa President Richard S. Lim said.   

 “We thank Sun Life Grepa for making this happen. We decided to choose Sun Life Grepa  because we only want to work with the best. Our company is really honored that Sun Life Grepa made the decision to partner with us because they really can add value to our organization and contribute to the betterment of Filipinos’ lives,” WeFund CEO Francisco “Coco” Mauricio said.   

For his part, Sun Life Grepa Vice President and Head of Group Channel Peter M. Miranda offered a toast to a great partnership. “We look forward to collaborating on new plans and programs with WeFund as we work to bring this agreement to another level in the next few years,” Miranda said.   

The agreement was signed by Sun Life Grepa President Mr. Lim and Vice President and Head of Group Channel Mr. Miranda together with WeFund CEO Mr. Mauricio.  

JuanHand is one of the unique Fintech platforms in the Philippines powered by WeFund, a subsidiary of large Chinese Fintech company FinVolution Group (formerly Paipaidai or PPDAI Group) which is listed in the New York Stock Exchange, while Sun Life Grepa is a joint venture between Sun Life Philippines and the Yuchengco Group of Companies.

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About Sun Life Grepa  

Sun Life Grepa Financial, Inc. or Sun Life Grepa is a joint venture between the Yuchengco Group of Companies (YGC) and Sun Life Philippines (Sun Life). Sun Life Grepa offers financial protection products through its agency, bancassurance, and group account channels. YGC is one of Southeast Asia’s largest conglomerates with over 90 companies, while Sun Life has been a top player in the Philippine market for over 120 years.

Sun Life Grepa Financial, Inc. (Sun Life Grepa) and the Yuchengco Group of Companies (YGC), through its flagship bank the Rizal Commercial Banking Corporation (RCBC), marked the extension of their bancassurance partnership with a commemorative signing event. 

The joint venture aims to provide clients with financial planning and guidance, life and health insurance products, and insurance benefit offerings. The partnership received an early approval for renewal.   

“Renewing and strengthening the successful bancassurance partnership of RCBC and Sun Life Grepa is not only an affirmation of a sustainable joint venture but also an expression of commitment and service to the Filipinos as they navigate financial wellness and protection in this modern day and age,” Richard S. Lim, President of Sun Life Grepa, states. 

 “We are honored to extend this fulfilling partnership as the financial landscape evolves with digital advancement and more demanding customer needs. Our track record shows that this strategic partnership benefits customers and significantly impacts their lives in terms of financial wellness,” Eugene Acevedo, President and CEO of RCBC, adds.

The ceremonial signing of the partnership renewal was attended by the Sun Life Group including Kevin Strain (Global CEO, Sun Life), Manjit Singh (Executive Vice-President and Chief Financial Officer, Sun Life), Ingrid Johnson (President, Sun Life Asia), Jose Isidro Camacho (Chairman of the Board, Sun Life Philippines), Benedict Sison (Chief Executive Officer and Country Head of Sun Life Philippines), Richard S. Lim (President, Sun Life Grepa), Joy Castillo (Chief Operating Officer, Sun Life Grepa), Cynthia Nono (Vice President for Bancassurance, Sun Life Grepa) and was also graced by Yuchengco Group of Companies (YGC) and RCBC representatives led by Helen Y. Dee (YGC Chairperson), Lorenzo Tan (CEO, House of Investments), Eugene Acevedo (President, RCBC), Jane Mañago (First Senior Vice President, RCBC), Arniel Ong (President, RCBC Bankard) and John Thomas Deveras, (Senior Executive Vice President, RCBC). 

Since the initial bancassurance partnership was signed in 2011, the two companies in the bancassurance business have marked several milestones in its mission of providing more Filipinos with access to financial protection products through the strength of the RCBC network nationwide.

These include collaborations on eWoman, Hexagon Club and GoSaver (among others), which offer insurance packaged with specific bank products. Sun Life Grepa and RCBC also introduced the FAST Break program, an innovation that enables select bank clients to avail of higher coverages for life and health insurance plans without medical exams under a simplified process through the use of data analytics. Various collaborations are set to launch with RCBC Bankard and the RCBC DiskarTech app to bring life insurance protection closer to Filipinos. These efforts have contributed to the bancassurance partnership generating PHP60 billion premium income in the last 10 years.

Aside from the bancassurance milestones, the joint venture as a whole has been able to insure 2.94 million lives and has garnered PHP82 billion premium income in the last 10 years, cementing Sun Life Grepa’s position as a major life insurance company in the country with a product portfolio of more than 50 traditional and investment-linked offerings for individual and corporate clients. The joint venture has also paid out approximately PHP47 billion of insurance claims and benefits in 10 years while also providing highly regarded services such as a 24/7 contact center and, as part of the Sun Life group, the pioneering Remote Online Medical Exam (ROME) service. 

RCBC and Sun Life Grepa’s next chapter of bancassurance partnership is geared towards further digital transformation and more innovative life protection offers as it strives to help more Filipinos achieve a brighter future.  

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About RCBC 

RCBC is a leading financial services provider in the Philippines offering a wide range of banking and financial products and services.  RCBC is engaged in all aspects of traditional banking, investment banking, microfinanrce, retail financing (auto, mortgage and housing loans, and credit cards), remittance, leasing, foreign exchange, and stock brokering. RCBC is a member of the Yuchengco Group of Companies (YGC), one of the oldest and largest conglomerates in Southeast Asia. For more information, please visit https://www.rcbc.com  

About SUN LIFE GREPA FINANCIAL, INC. (Sun Life Grepa)

Sun Life Grepa Financial, Inc. or Sun Life Grepa is a joint venture between the Yuchengco Group of Companies (YGC) and Sun Life Philippines (Sun Life). Sun Life Grepa offers financial protection products through its agency, bancassurance, and group account channels.  
YGC is one of Southeast Asia’s largest conglomerates with over 90 companies, while Sun Life has been a top player in the Philippine market for over 120 years. 

About the YUCHENGCO GROUP OF COMPANIES (YGC). The Yuchengco Group of Companies (YGC) is a premiere Philippine conglomerate with interests ranging from banking to international business partnerships, from financial services to construction, and from education to information technology. YGC is composed of market leaders and innovators like RCBC, Malayan Insurance, Sun Life Grepa Financial, Mapúa University, EEI Corporation, PetroEnergy Resources Corporation, and RCBC Bankard. 

Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the country’s major life insurance companies, made its annual donation to the Hebreo Foundation  for the latter’s twin advocacies on health and education. This was given as part of Sun Life Grepa’s support for the  2022 Sunpiology Family Challenge event. 

Apart from supporting the health goals of the Sunpiology event, the annual donation from Sun Life Grepa has been used to also send poor but deserving children to school. 

Seen during the handover to Hebreo Founder and Sun Life ambassador Piolo Pascual (2^nd from right) and Chiqui Gonzales, Corporate Secretary of Hebreo Foundation (far right) were Bessie Adea, Sun Life Grepa Head of Corporate Brand (2^nd from left) and Carla Gonzalez-Chong, Sun Life Philippines Chief Client Experience and Marketing Officer (far left). 

Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the major insurers in the country, recently awarded loyalty bonuses to its clients with Variable Unit-Linked (VUL) policies which remained active for the past 10 years. This is the first year Sun Life Grepa gave a loyalty bonus since it started offering VUL in 2012. 

As of May 2022, PHP 6.4M worth of loyalty bonuses have been credited to qualified policyholders. In addition, Sun Life Grepa projects that there are more than 1,200 policies that will receive the loyalty bonus in 2022 alone. 

“The key to Financial Security is to be protected earlier and to have a long-term investment horizon.   And our VUL products enable the client to do that by getting their Insurance protection according to their needs and budget even at a young age while giving also the opportunity to make their money grow over time with the inherent investment component embedded into it,”  said Sun Life Grepa President Richard S. Lim. “For Sun Life Grepa, the purpose of giving loyalty bonuses to our VUL policyholders is to encourage and motivate them to keep their policies active so they can remain on track with their financial goals. It also exemplifies our strengthened commitment to our policyholders for making us their financial partner in the last 10 years.” 

Sun Life Grepa offers VUL products that meet the clients’ financial needs for every important stage in their lives to fulfill their life goals. These are Sun Grepa Power Builder 1, 5, 10 and 100, and Sun Grepa Power Builder Dollar 1.  

For more information, visit www.sunlifegrepa.com, contact your Sun Life Grepa Financial Advisor, visit any Sun Life Grepa branch or email wecare@sunlifegrepa.com. 

Sun Life Grepa Financial, Inc. (Sun Life
Grepa), one of the major insurers in the country, and Global Reliance
Management and Holdings Corporation (GRMHC) recently inked a strategic
partnership agreement to offer personal accident insurance through Tambunting
Pawnshop’s more than 400 branches nationwide. 

With this strategic partnership,
Tambunting clients can avail of the short-term personal accident insurance for
only Php20.00. It provides up to P25,000 coverage to help lessen the
financial burden of the beneficiaries in case of accidental death of the
insured. 

“It is a privilege to partner with a
reliable institution like GRMHC which has been in the industry and trusted by
Filipino families for over a century. We are happy to offer affordable personal
accident insurance that can help provide an extra financial cushion for more
Filipinos nationwide,” Sun Life Grepa Vice President and Head of Affinity
Marketing Joen N. Songco said.

“We thank Sun Life Grepa for
extending its service and product to us through the personal accident
insurance. Through this tie-up, we hope to continue providing our members something
relevant, valuable and affordable addressing needs that cover beyond lending,”
Tambunting Pawnshop General Manager Helen Lucero said. 

During the product launch, Sun Life Grepa
was represented by Songco, who was joined by Affinity Marketing Operations
Supervisor Mark Angelo M. Bautista. GRMHC, on the other hand, was led by
Lucero, who was accompanied by GRMHC Business Development Department
Coordinator Fatima Vergara. 

Tambunting Pawnshop is one of the leading
financial service providers in the Philippine Pawnshop industry under GRMHC
while Sun Life Grepa is a joint venture between Sun Life Philippines and the
Yuchengco Group of Companies.

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About Sun Life Grepa

Sun Life Grepa Financial, Inc. or Sun Life Grepa is a joint venture between the Yuchengco Group of Companies (YGC) and Sun Life Philippines (Sun Life). Sun Life Grepa offers financial protection products through its agency, bancassurance, and group account channels. YGC is one of Southeast Asia’s largest conglomerates with over 90 companies, while Sun Life has been a top player in the Philippine market for over 120 years.

Despite COVID statistics and alert levels steadily going down, Filipinos remain focused on building their financial protection and securing their health.

A survey done by Sun Life Grepa Financial, Inc. (Sun Life Grepa), a joint venture between the Yuchengco Group of Companies and Sun Life Philippines, indicated that health protection continues to be one of the top priorities among the general public. From the findings, only two out of five rated COVID-19 as their major concern.

Conducted in the first quarter of 2022, the survey revealed that aside from health protection, they are highly concerned for the health and well-being of their loved ones and themselves. The desire to attain a secured source of income has also become a priority among Filipinos according to the survey. Four out of every five respondents said they want to earn extra money and grow it through investments.

“I am glad to know that staying healthy has been at the top of everyone’s to-do list,” Sun Life Grepa President Richard S. Lim said. “Everyone is seeking to bring their lives back to normal. Even after facing much uncertainty, people are not only building resilience against future pandemics but also improving their quality of life. So, we’re well-placed to support our clients’ life journey.”

While illnesses can strike anyone without a warning and can drain a family’s resources, there are ways to prepare for unexpected medical expenses and create a safety net during uncertain times. With this, here are some tips to plan ahead for rising health care costs.

Live an active lifestyle

Basic healthy habits are connected with living a longer life. It contributes significantly to prosperity and wealth. Living an active lifestyle is a simple way to minimize health care costs. Eating a balanced diet, getting enough sleep and exercising regularly lower risks for health problems.

Get a health protection plan

Based on the 2020 Philippine National Health Accounts, an annual publication by the Philippine Statistics Authority, out-of-pocket expenses remain to be Filipinos’ major source of financing for medical care that pushes Filipino households into poverty. The study revealed that household-out-of-pocket payment came second among sources of health financing in the country at 44.7%, following government health financing schemes. High medical expenditures have had a major impact on families, making various sacrifices in order to pay these bills including significant changes to their financial situation or lifestyle. That is why it is helpful to have more than just a basic understanding of the total cost of health expenses. Health protection plans that offer various terms and coverages such as life insurance protection and other living benefits like guaranteed cash and non-guaranteed dividends can be helpful in addressing health-related expenses.

Be financially secure

While health protection is top of mind, life insurance is of paramount importance. Life insurance also has long-term benefits that protects one family’s financial future. Life insurance and health solutions help clients achieve their financial goals and prepare for the unexpected.

A healthier life is a brighter life. Ease your worries and ensure you are financially prepared for health emergencies with Sun Life Grepa’s health solutions. For inquiries, contact your Sun Life Grepa Advisor, visit any Sun Life Grepa branch or email wecare@sunlifegrepa.com.

To help married couples understand property relations between them and preserve their legacy in handing it down to the next generations, Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurer in the country, recently organized a webinar entitled “Yours, Mine, Ours: What You Need to Know About Conjugal Properties and Inheritance”.  

The webinar provided practical guide on addressing many concerns about conjugal properties including: possible and compulsory heirs including absence of prenuptial agreement, rules governing conjugal partnership of gains and debts and obligations contracted by both parties.  

Estate planning expert and guest speaker Atty. Nicasio Cabaneiro, an authority in the practice of taxation and commercial law with 40 years of teaching experience, said “the moment a person got married not only marital relationship is established but also property relationship. When a person marries, part or all of their property becomes conjugal property.” 

Atty. Nic also highlighted how properties are transmitted by succession. “Properties may be transferred to the heirs either by testamentary or testate succession (by executing a will) or intestate succession (no will or “do nothing attitude”). It is more prudent and advisable to go for testate succession where there is a free portion, giving property owner more flexibility to give more to favored heirs.  This is not possible in intestate succession since succession is determined by law and there is no free portion.”  He also discussed the reasons couples entered a prenuptial agreement. “Prenuptial agreements are entered when there is significant age disparity between parties, when there is wide difference in wealth or indebtedness, and when one party has been married before and there is a desire to protect children from former marriage.” 

In closing, Atty. Nic stressed the importance of smartly handling one’s hard-earned assets by planning for the future. “With a proper estate plan, estate tax may be reduced or avoided, you control and determine the future of your financial accounts and investments and ensure that your assets will go to the rightful heirs and beneficiaries.”  

 “In our current situation, it is essential to protect our assets and investments. More than anything, one lesson we can get from this pandemic is the wisdom of preparing a good future for our family in whatever stage of life we are in right now. We believe that the information presented in the webinar will help clients in making the best decisions possible to protect their families and ensure a bright future for them,” Sun Life Grepa President Richard S. Lim said.  

Sun Life Grepa regularly holds free educational webinars on various financial literacy matters throughout the year. Visit www.sunlifegrepa.com, follow our official facebook page @sunlifegrepa or email sunlifegrepa@sunlifegrepa.com for inquiries.

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ABOUT SUN LIFE GREPA

Sun Life Grepa Financial, Inc. or Sun Life Grepa is a joint venture between the Yuchengco Group of Companies (YGC) and Sun Life Philippines (Sun Life). Sun Life Grepa offers financial protection products through its agency, bancassurance, and group account channels. YGC is one of Southeast Asia’s largest conglomerates with over 90 companies, while Sun Life has been a top player in the Philippine market for over 120 years.