Sun Life Grepa Financial

As the COVID-19 pandemic continues to take its toll on the economy, the effect can be felt the hardest by the segment which comprises of 99.5% of the total businesses in the country – the micro, small and medium enterprises (MSMEs). During these times, securing the overall well-being of their workforce has become increasingly important for these smaller companies.

This is the reason why Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the Philippines, developed Smart Care Plus a packaged group life and health insurance plan especially designed for MSMEs with five to 200 employees to help them ensure that their people are prepared for contingencies such as sickness, accidents or disability.

“With Smart Care Plus, we hope to make it easier for employers to provide affordable insurance and protection for their employees and support them and their families especially now that the outlook of the COVID-19 pandemic is still unknown,” says Peter Miranda, Vice President for Sun Life Grepa Healthcare.

He added, “The financial security of an employee does not solely rely on monetary compensation in his payroll slip. It is enhanced when supported by meaningful employee programs that include preparation and protection against life’s uncertainties.”

Sun Life Grepa’s Smart Care Plus offers a robust protection plan complete with benefits such as Group Yearly Renewable Term Life which pays a lumpsum amount in case of an employee’s death due to any cause including those arising from COVID-19, as well as Total and Permanent Disability Income Benefit and Terminal Illness Benefit. Likewise, it provides Accidental Death, Dismemberment and Disablement Benefit with Medical Reimbursement Benefit.

Other package options include health benefits such as Critical Illness Benefit, which provides guaranteed cash benefit in case an employee is diagnosed with covered critical illnesses like heart attack, stroke or cancer, and the Group Hospital Cash Benefit, which helps replace the income of their employees in case of hospital confinement due to illness and accident.

Smart Care Plus has readily available premium rates that are designed to fit the budget of MSMEs and doesn’t require medical examination for its covered employees.

Make the smart move today with Smart Care Plus. Be Hyped to Ignite Productivity (Be HIP) and get Sun Life Grepa as your Health Insurance Partner (Get HIP) today. For inquiries about Smart Care Plus, 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), a joint venture between Sun Life Philippines and the Yuchengco Group of Companies, is included in the Insurance Commission’s (IC) top ten list of life insurance companies in the country for year 2020 in terms of Net Income, Net Worth, Total Assets and Invested Assets.

The company scored an eighth place rank in Net Income based on quarterly reports submitted to the IC. Sun Life Grepa generated Php958.09 million net income which represents a 13% increase from the company’s net income in 2019.

The company also ranked ninth in Net Worth with Php 4.22 billion compared to its tenth place ranking in 2019. Sun Life Grepa also ranked tenth in Total Assets and Invested Assets with Php 48.6 billion and Php48.7 billion, respectively.

“Despite the challenging economic conditions created by COVID-19, Sun Life Grepa demonstrated a strong and robust financial performance in 2020. This achievement is a testament of our company’s resilience, agility and tenacity, creating greater stability to our overall business,” Sun Life Grepa President Richard S. Lim said.

Aside from posting healthy financial gains, Sun Life Grepa reached 2.9 million clients in early 2020, exceeding its five-year target of 2.5 million lives which it set out to achieve by end of 2020.

“Whatever the future may bring, Sun Life Grepa will continue to evolve beyond the boundaries of the financial industry and become a stronger and more stable organization you can always rely on. Our mission to help every Filipino achieve lifetime financial security and live healthier lives remains constant and unchanged. We will work diligently and focus on forward-looking efforts and initiatives in 2021, and the years to come as we continue to become your partner beyond a lifetime,” Lim added.

The 2020 Corporate Annual Report is now available on our website. Click here to view: Sun Life Grepa 2020 Corporate Annual Report.pdf

The management and employees of Sun Life Grepa Financial, Inc. (Sun Life Grepa) recently donated over 700 food packs to frontline health workers of Makati Medical Center and Ospital ng Maynila. This is part of the company’s continuing support in the fight against the COVID-19 pandemic.

Makati Medical Center Employee Management Manager Delilah Santos, Service Operations Officer Peter Dumanig and Pastoral Coordinator Dante Villanueva received the food donation from Sun Life Grepa Employee Relations Manager Melvin Panganiban and Facility, General Services and Safety Specialist Bonifacio Bartolo on April 30, 2021. While in Ospital ng Maynila (OM), food packs were turned over to its Medical Director, Dr. Karl Oliver Laqui and Chief Nurse Asuncion Balisado.

“Our medical frontliners need everyone’s support now more than ever,” Sun Life Grepa President Richard S. Lim said. “This small act is our way to express our appreciation and thanks for their dedication, sacrifice and service to all our fellow Filipinos. We are more than grateful for everything they have done for our country,” Lim added.

To learn more about Sun Life Grepa, visit www.sunlifegrepa.com

To develop a strong competitive edge in your career, it is crucial to have a dynamic skill set. As a job seeker or employee, you need to satisfy new skill requirements to earn a job in your chosen career or to progress in your current profession. The struggle begins in knowing which skills help move your career up the next level. To simplify things, these skills as usually a combination of technical and interpersonal abilities that help you perform the job.

As companies adapt to fast-paced changes in the working environment, they also try to keep up with the latest ideas, technologies, and processes. Thus, they highly value potential employees or workers who can contribute both hard and soft skills.

Here are ways to effectively expand your skillset and become a high-value target to employers.

BE WELL-INFORMED. Know more about the industry you are part of, or you belong to. This will help you focus on the skills you really need. Stay up to date on industry news, trends, and challenges to equip yourself with the knowledge needed to fill in the gaps. Be innovative to make an impact.

A good understanding of industry-specific subject matters will help you interact with confidence with the people in your field. This will help you easily connect with your contacts through a common ground.

INVEST IN A MEANINGFUL HOBBY. Find time for activities outside work such as hobbies, sports, and even part-time jobs. This will provide soft skill experiences by highlighting the other aspect of your personality while keeping you motivated and active. Some studies show that employers are attracted to candidates who have skill-based volunteer experience on their resumé since it proves that they have leadership skills.

MAXIMIZE LEARNING. One notable benefit of digital transformation is that development tools are now more accessible. This means you can acquire or improve your skills at the comfort of your home. If you just look hard enough you’ll stumble upon free online courses. You can also explore career-related courses by attending online workshops, and seminars. Of course, don’t forget to take advantage of company trainings.

With the increasing demand for a new workforce model, companies provide opportunities for skills learning and development. Sun Life Grepa Financial Inc. (Sun Life Grepa) is one of those companies that puts a strong focus on ensuring their workforce with future-ready skills through various professional enhancement programs.

“The world of work is changing fast. Offering our employees training and skill building in different fields will keep them prepare for the future and will also keep them engaged that helps boost employee retention,” says Pinky Moreno, Head of Human Resources Management and Development Group of Sun Life Grepa.

Your skillset determines your qualifications for a role. Effectively expanding your skills to enhance your career profile will make you an invaluable talent. Use these strategies to help you identify the dynamic skills you need for personal career advancement.

Set your sights on a company that invests in their employees by developing future-proof skills. Join the Sun Life Grepa team and become Partners Beyond a Lifetime.

For most of us, the COVID-19 pandemic has brought stress and anxiety into our lives. Among many others, this pandemic may have posed a big threat not only to our health but also to our finances. As we continue to overcome the challenges towards the new normal, this journey has made us see the things that have now become even more important – having the financial confidence to ensure that our loved ones will have a bright future no matter what happens and being able to safeguard our hard-earned savings in case of serious illnesses.

In line with its mission to help every Filipino achieve lifetime financial security and live healthier lives, Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the Philippines, is offering various health insurance plans that provide the best care in case of hospitalization or should a critical illness strike, allowing us to live a full and brighter life with the people we love.

The Sun Life Grepa health protection plans provide benefits for each of the key stages of a client’s health journey: Prevention, Diagnosis, Treatment and Rehabilitation. On top of that, clients will also get maximum protection through lifetime insurance coverage, so their families can have comfort and peace of mind during uncertain times. Sun Life Grepa health protection plans also provide other living benefits such as guaranteed cash and non-guaranteed dividends.

Furthermore, clients who have a Hospital Income benefit rider affixed to their Sun Life Grepa health insurance plan may avail of a daily cash benefit in case of hospital confinement due to COVID-19, as aligned with the policy contract provisions. Likewise, a client with a Critical Illness Benefit rider may also file for a critical illness claim if such claim meets the definition of a covered critical illness and was caused by COVID-19.

“The expenses associated with major illnesses can drain a family’s resources, so it is important to be equipped in advance by insuring yourself and your loved ones. Through our health insurance plans, we can help you create a safety net to protect your family and your wealth and get the finest treatment available,” Sun Life Grepa President Richard S. Lim said.

Sun Life Grepa has four (4) health protection plans specifically designed to take care of health needs at every life stage. One is Sun Grepa Fit and Well, a comprehensive life and health protection that provides financial benefits upon early or late diagnosis of any of 114 covered critical conditions. Avail of this plan at a young age and enjoy health protection for life.

Another is Sun Grepa Senior Care which is especially designed to address the evolving health needs of people in their golden years who are more vulnerable to sickness and diseases. Clients can avail one for themselves or adult children can also buy one for their parents.

For those concerned about the Big C, there is Sun Grepa Cancer Care. This specialized health protection plan helps you be financially prepared so you can manage the financial burden should a cancer strike and thus be able to focus on recovery and the more important aspects of life.

Finally, for clients who are looking for affordable health coverage, there is Sun Grepa ProHealth, a life and critical illness plan that does not require a medical examination for clients from 18 to 60 years old.

“While the long-term effects of the COVID-19 pandemic have yet to be known, it is essential that we provide our clients the right support, so they can be prepared for anything and be at ease in the pandemic and beyond,” Lim added.

Be fit to be Financially Independent Tomorrow (#Befit2bFIT), so you can keep building your brighter future with Sun Life Grepa health protection plans. For more information, contact your Sun Life Grepa advisor, visit any Sun Life Grepa branch, or email wecare@sunlifegrepa.com

In support of the nation’s vaccination program, Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the country, is providing free COVID-19 vaccination to its workforce of 600 employees as well as to key agency leaders and financial advisors across the country.

“The health and safety of our people and clients are always our top priority. We believe that the vaccine against COVID-19 brings new hope in ending the pandemic. The sooner we’re all vaccinated, the sooner our lives can return to normal,” Sun Life Grepa President Richard S. Lim said.

Throughout the pandemic, Sun Life Grepa has been fully committed to keeping its employees and clients healthy, safe, and supported. Additional safety measures, alternative work arrangements, and shuttle services were provided to employees to reduce outside exposure.

To assist clients, Sun Life Grepa offered Remote Online Medical Exam, payment extension periods, a 24/7 contact center, and a hospital benefit product.

Sun Life Grepa also recently conducted a webinar for employees and clients to inform them about the benefits and clarify misconceptions about the COVID-19 vaccines, with the purpose of encouraging people to get vaccinated.

Despite the challenges faced by the insurance industry in the COVID-19 pandemic, Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the Philippines’ major life insurance companies, was able to book a 30% growth in its client base for bancassurance. This growth was mostly generated by a younger generation.

The volume growth was primarily driven by the increased consumers’ interest and heightened need for life insurance.

According to a recent study of Sun Life Grepa made with Sun Life Asia, Sun Life Philippines, and RCBC, the need for health and protection has been highlighted as top two priority needs, showing an increased interest in these areas in the last few months.

“More and more Filipinos, especially the younger generation are realizing the importance of financial planning, including life insurance,” said Richard S. Lim, President of Sun Life Grepa. “Hopefully, the importance of building a financial cushion – whether that is an emergency fund or life protection – will resonate with consumers well even beyond this period of uncertainty.”

Furthermore, Sun Life Grepa also launched digitally-assisted means to make it easier for clients to avail a policy. This includes a simplified application process, Remote Online Medical Exam and a 24/7 contact center.

These achievements come at the heels of the company marking its 67th year. “As we move forward together from this crisis, rest assured that our commitment to help Filipinos achieve lifetime financial security and live healthier lives remain steadfast. We will keep on intensifying our efforts as you continue your journey towards financial freedom,” Lim added.

Unfazed by the challenge brought on by quarantine measures and the pandemic, Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the major insurers in the country, has been successfully running free webinars for its clients, partners, and employees since March 2020.

Ranging from health to wealth to new product introductions, Sun Life Grepa held over 60 webinars in 2020 under the SUN LIFE GREPA VIRTUAL FORUM program. These sessions have delved on various topics and have been well-received, with attendees from various backgrounds and global locations tuning in to learn.

“As the COVID-19 pandemic continues to upend our lives, it is important that we maximized technology and digitalization as an instrument for financial inclusion. Through these free webinars, clients and our partners can be equipped with the knowledge and skills that will not only help them achieve financial security but how to develop healthy habits as well,” Sun Life Grepa President Richard S. Lim said.

Sun Life Grepa will continue to conduct more sessions this 2021, offering more useful learning topics for financial preparation and healthy living. These are the upcoming webinars that Sun Life Grepa clients and partners can learn from: Newbie Plant Parents’ Guide in April; Vaccine Information Series and Estate Planning in April and May; Brighter Minds for Parents in May; Parenting on Quarantine, Market Forum with financial markets expert Mike Manuel, and Hypertension Management in June. Sessions for young professionals will also soon be held.

Clients and interested parties can email marketing@sunlifegrepa.com to learn more.

Sun Life Grepa Financial, Inc. (Sun Life Grepa) was recently recognized in the 2019 ASEAN Corporate Governance Scorecard (ACGS) Awards organized by the Institute of Corporate Directors.

Sun Life Grepa was conferred with a One-Arrow Recognition during the ACGS Golden Arrow Awarding Ceremony held on February 19, 2021. The Golden Arrow Recognition is given to publicly-listed and insurance companies that earned a score of 80 points or higher which exemplifies sound corporate governance and responsible management practices.

“This award shows how we truly take corporate governance seriously. It shows our commitment in helping build an environment of trust, transparency and accountability to our stakeholders which are all necessary for fostering financial stability and business integrity,” said Richard S. Lim, President of Sun Life Grepa. “This is yet another milestone for Sun Life Grepa as it continues to help Filipino achieve lifetime financial security and live healthier lives. The increased pressure of the pandemic will not hinder us to effectively carry the business.”

Created by the ASEAN Capital Markets Forum, ACGS is an instrument for assessing and ranking publicly-listed and insurance companies in six participating ASEAN countries of Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam in their commitment to sound corporate governance. Its rigorous methodology, benchmarked against international best practices, provides foreign investors with comparable information from which to base their investment decision-making process. The ACGS was launched in 2011 as one of the initiatives for the ASEAN economic integration.

Sun Life Grepa had previously received an ACGS award in 2018.