Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the country, has just launched a new product that allows its clients to build and strengthen their financial portfolio. Sun Grepa Wealth Prime is a single-pay life insurance plan that provides guaranteed annual payouts and a money-back guarantee after 7 years on top of its guaranteed life insurance protection.

“We are excited to offer this new product to help more clients ease their financial worries and put certainty on their savings,” Sun Life Grepa President Richard S. Lim said. “We want to give them a chance to accelerate growth in their finances while protecting their family’s future and preserving their wealth,” he added.

For a limited-time offer, the Sun Grepa Wealth Prime is designed to help clients secure the future of their loved ones with a seven-year guaranteed life insurance protection.

Aside from that, clients can enjoy guaranteed annual earnings equal to 4% of the single premium paid, starting at the end of the first policy year until maturity. It also functions as a means of wealth preservation as clients can expect a 100% return of their single premium payment after the policy has matured.

Furthermore, the product also offers a hassle-free application and policy approval process through the guaranteed insurability offer, subject to the limits of Sun Life Grepa.

“This product is ideal for risk-averse clients who are seeking an alternative solution to traditional savings and looking for diversification and overall stability,” Lim said.

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

It is believed that healthy employees make a happier and productive workforce. Maintaining such a state has been a challenge as the business workforce continues to evolve in the current hybrid environment. 

Nowadays, employers are finding more innovative ways to create a culture of wellness to help employees continue being productive while building healthy habits in both their personal and professional lives.     

This holds true in Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the country. For Sun Life Grepa, this culture of health has meant developing holistic wellness programs for its employees that improve not only their physical well-being but their mental health as well.  These programs also demonstrate the company’s support for the United Nations’ Millennium Sustainable Development Goal #3 which aspires to ensure health and well-being for all. 

As part of driving this goal in the organization, Sun Life Grepa has recently launched SLGFI Cares for YOU, with its flagship Employee Assistance Program. The company-sponsored benefit provides free, confidential counseling as well as information and resources for the mental, emotional, legal, family, work-life and financial wellness needs of employees and their family members. Employees may avail of this via a dedicated 24/7 hotline.

Aside from the new program, Sun Life Grepa has been successfully running wellness webinars for its employees and continues to conduct such sessions throughout 2022. Some topics include Motivation and Mindset, The Power of Habits, Resiliency, Psychology of Stress and many more. On the other hand, to encourage a healthy lifestyle Sun Life Grepa also set in motion a series of virtual exercises such as Zumba, Boxing, Aerobics that employees and their family members can enjoy doing in the comfort and safety of their homes.     

Moreover, in support of the nationwide vaccination efforts of the government, Sun Life Grepa employees and nominated dependents got their free COVID-19 vaccine (primary and booster shots). This was done to ensure a workplace that is free of known hazards and minimize the risk of infection. At present, more than 99% of Sun Life Grepa’s almost 600-strong workforce has received the COVID-19 vaccine. 

“Promoting the health and overall wellbeing of our employees is a priority for Sun Life Grepa. Our mental and physical health is crucial for us to remain productive, motivated and engaged. As we help clients achieve lifetime financial security and healthier lives, we want the same for our employees. Here at Sun Life Grepa, we believe that supporting the well-being of our employees will not only help them achieve their goals as individuals, but will also help us deliver on our mission and purpose as a company,” said Sun Life Grepa Human Resources Head, Pinky Moreno.   

With these efforts, Sun Life Grepa continues to work on providing a sustainable work environment that has a mix of personal growth, fulfillment and wellness. Visit www.sunlifegrepa.com/careers to learn more.  

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.