Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major insurer in the country, is bringing back the Sun Grepa Peso Asset Builder (PAB) ProIncome for a limited time, this time with higher annual payout thus providing clients with the opportunity to earn regular income while participating in global investments using their Peso Assets.

The Sun Grepa Peso Asset Builder ProIncome is a single-pay life insurance product linked to structured investments. It offers life insurance protection of at least 125% of the one-time premium payment for seven years, fixed annual payouts of 4.50% for seven years, and the return of the single payment at maturity. These investments are made offshore, allowing clients to diversify their peso assets further.

“We are excited to bring back PAB, one of our popular products,” Sun Life Grepa President Richard S. Lim said. “This limited-time offer is designed to help individuals boost their money’s earning power while maintaining financial security. It underscores our commitment to helping our clients achieve their financial goals and meet their diverse needs.”

Interested clients of PAB can take advantage of convenient application and policy approval through the Guaranteed Insurability Offer, subject to the terms set by Sun Life Grepa.

For more information and to explore this limited time offering, speak to a Sun Life Grepa Financial Advisor, visit your RCBC Branch of Account, or go to www.sunlifegrepa.com for details.

Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the Philippines, recently conducted a medical and dental mission aimed at providing healthcare services to the members of Ahon sa Hirap, Inc. (ASHI). The event saw the participation of 500 individuals from Pililia, Rizal who received vital medical attention and support.

Ahon sa Hirap, Inc., an organization dedicated to uplifting underprivileged communities, welcomed the initiative as a much-needed resource for its members. The medical mission included various healthcare services such as consultations, dental check-ups, and medication distribution, addressing the immediate health needs of those in attendance.

Furthermore, this medical mission was conducted in collaboration with A.Y. Foundation (AYF), the corporate social responsibility arm of the Yuchengco Group of Companies, Stronghold Insurance and Harley Davidson Owners Group-Manila (HOG-Manila). AYF supplied the medical and dental supplies utilized by the volunteer doctors and dentists, while Stronghold Insurance provided meals for both attendees and volunteers. Additionally, HOG-Manila played a vital role by contributing additional volunteer doctors, dentists, and nurses.

“At Sun Life Grepa, we believe in the importance of giving back to the community and making a positive impact on the lives of others. Through initiatives like this medical mission, we are able to extend our support to those in need and help build healthier, more resilient communities,” Sun Life Grepa Vice President for Group Marketing Operations Peter Miranda said. “We are also grateful to the volunteer doctors, dentists and nurses who generously gave their time to provide medical care to ASHI members.”

This marks Sun Life Grepa’s continued commitment to serving the members of ASHI as it is not the first time the company has conducted such a medical and dental mission. The first time was in Dasmarinas, Cavite, the second time was in Mauban Quezon and the third time was in San Jose, Antique. 

Sun Life Grepa Financial, Inc. (Sun Life Grepa), a joint venture between Sun Life Philippines and Yuchengco Group of Companies, posted a 17% increase in total premium income (TPI) from Php 11.5 billion in 2022 to Php 13.5 billion in 2023. According to the Insurance Commission, Sun Life Grepa ranked 10th when it comes to total premium income and net income of Life Insurance companies as of December 31, 2023. 

“There have been challenges in the current landscape but the premium income growth indicates that Filipinos are on a steady path to understanding how achieving financial security is important in planning the future. There is still much room for the market to truly find value in securing the future not just for themselves but more so for their loved ones and we are in a position to meet that demand when the market matures further,” Sun Life Grepa President Richard S. Lim says, expressing optimism.

The company was able to insure over 3 million lives in 2023 and is set to mark 2024 with 70 years in service.

“As we celebrate our 70^th year, we would like to affirm our commitment to help Filipinos achieve lifetime financial security and live healthier lives. We are positive that things will continue to get better from here. We believe that increasing awareness and conducting stronger information campaign about financial preparedness and accessibility of financial solutions will surely aid the consistent growth not just of our company but also of the industry in the coming years,” Lim declares.

Apart from its upcoming 70^th anniversary, there is another reason for Sun Life Grepa to celebrate as the company has been recertified as Great Place to Work (GPTW) for November 2023 to November 2024. It was first recognized as GPTW in November 2022.

The results of the GPTW survey showed that Sun Life Grepa is a great place to work with 92% saying the company makes them feel welcome and another 93% saying the company shows fair treatment regardless of sexual orientation. 92% of Sun Life Grepa employees expressed pride in telling others that they work for the company.

“We value our clients, and at the same time, we also recognize that our people here at Sun Life Grepa are our greatest asset. The growth and longevity of the company will only be possible because of the people’s commitment to quality service and passion for our mission to future-proof the lives of Filipinos. We hope that they will continue to feel valued as well,” Lim states, paying tribute to the employees of Sun Life Grepa.

There is no better time to make the best financial decisions than now.

Every day is a chance to make better choices and one of the areas of our lives that would greatly benefit from a determination to improve and make smarter decisions on would be our finances. The less financial stress to deal with, the better life becomes. The more one gets to take care of financial wellness means greater chances of financial freedom.

According to the 2023 Financial Readiness Survey of major life insurance firm Sun Life Grepa Financial, Inc. (Sun Life Grepa), Filipinos have a clear sense of financial priorities but lack financial preparedness when it comes to securing protection instruments to achieve goals and address needs. Only less than 10% of the respondents claim full financial preparedness. Those who are fully or somewhat prepared when it comes to having emergency funds are at 34%, 32% are prepared for major goals, 32% readiness for personal health and 30% for investments.

“One of the important things that the survey showed is that Filipinos are aware about their personal financial priorities but there are struggles and challenges when it comes to taking concrete steps about finances,” said Richard S. Lim, President of Sun Life Grepa. “There is still a need to educate and showcase financial options for the consumers and we at Sun Life Grepa are committed to help reach out to our countrymen and share information about ways and means of securing their future.”

A Standard & Poor’s (S&P Global Rating) study showed that the Philippines only achieved a 25% score on financial literacy, placing the country in the bottom 30 out of 144 countries surveyed. Thankfully, based on the results of the 2021 Financial Inclusion Survey of the Bangko Sentral ng Pilipinas, Filipinos seem to be starting to change their financial behavior with more adults saving up for emergencies and a growing number of Filipinos having financial account ownership and investments as well.

Every day is a good opportunity to contribute to the statistics of growth and improvement in Philippine financial literacy and financial preparedness. Beyond the national impact of one’s financial smart decisions is a life lived without financial worries so one can truly enjoy life.

To establish an excellent roadmap to a financially healthier year, here are top 10 smart and practical decisions one can make:

Review, evaluate and keep track of your spending and financial health. Just like that irresistible need to do a massive effort of cleaning up or doing a yearend recap, one should apply this similar practice when it comes to keeping track of financial decisions one makes. Awareness of one’s spending behavior and financial habits would be a great start in this year’s journey. Make it a healthy habit to take note of where your expenses go and evaluate spending decisions so you can wisely reallocate budget to make better financial choices.

Know and revisit your life goals and financial aspirations. Taking action on financial goals requires motivation and inspiration. Is it securing the future? Is it getting insurance for loved ones? Is it saving up for quality education? Is it buying a new home? Getting a car? Starting a business? Listing down or having a vision board of your life goals and aspirations will help identify what financial solution or action you can do in order to help achieve said goals. It will even make saving up, getting insurance and investing more fun and purpose-driven.

Seek professional help. After determining your goals and aspirations, plan your route to financial wellness and wealth. It’s always good to partner with a financial advisor since they are professionally licensed and trained to help you discover your needs; make informed financial decisions, identify opportunities and manage your finances wisely. Talk to a financial advisor today and start your journey towards achieving financial freedom and a brighter future.

Pay off your debts. Make it a priority to pay off debts and settle obligations when receiving a large sum of money. It’s much easier to achieve financial goals without the burden of loans and debts. That said, there are good loans and bad loans. When talking to a financial advisor, ask about good loans which can actually help you in reaching your financial targets (e.g. loans you can take and utilize for investments).

Build an emergency fund. Crisis preparedness should always be in your financial planning and setting up an emergency fund is a wise thing to do. An emergency fund provides cushion for unplanned expenses such as losing a job or loss of income and health emergencies. You can also beef up your emergency fund by exploring solutions that allows you to choose fund options suitable to your risk profile and gives you flexibility for partial withdrawals from your funds when you need it for emergency situations.

Prepare for and secure the future. Making financial decisions isn’t just for your personal benefit but also for your loved ones. A bright and secure future is one of the best gifts you can give yourself and your family. In life, there will always be uncertainties but preparation is key to at least be in control of financial matters. There is a wide array of life insurance products that can form part of your financial planning this year and beyond. Check out products with increasing life insurance coverage to consider yearly inflation and give increasing guaranteed cash benefits after the paying period up to a specified number of years. This can be used for purposes such as education and even travel goals. 

Get insured and grow your money. Today is always a good start to get insured and maximize the earning potential of your hard-earned money at the same time. As they say, make money work for you. Depending on your risk appetite and financial goals, Sun Life Grepa has fund options that can match them.

Protect your health. The best investment you can make is investing in your health and well-being. Protecting your health is protecting your wealth. Exercise, eat healthy and get a regular checkup with health professionals. Make healthier decisions both physically and financially this year with a Sun Life Grepa Health Plan.

Set up your road to retirement. Later in life, it’s only right to enjoy the fruits of your labor and have one less thing to worry about by preparing for your retirement. Golden years deserve golden experiences. One of Sun Life Grepa’s mission is for Filipinos to secure the future by getting them covered so they can address retirement needs.

Diversify. Don’t put all your eggs in one basket and be on the lookout for opportunities. You can get a variety of insurance products as well as ones that come with investment opportunities. A financially secure future requires one to be wise in diversifying financial instruments and in making sure that risk is lowered with this strategy. Sun Life Grepa offers peso and dollar-denominated global funds that give their clients opportunity to participate in investments outside the country. As these fund options are tied to a life insurance policy, one enjoys the security of life insurance coverage and the potential growth of money through offshore investments.

Sun Life Grepa is committed to be one’s partner beyond a lifetime, with a focus on helping to future-proof the lives of many Filipinos through financial solutions that fit one’s varying priorities and concerns. For more information, visit www.sunlifegrepa.com, call 88499633 or email wecare@sunlifegrepa.com.

After the successful runs of its limited-offer products, Sun Grepa Global Asset Builder (GAB) ProIncome and its peso counterpart, Sun Grepa Peso Asset Builder (PAB) ProIncome, Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the leading insurers in the country, is bringing both products back for a limited time to give its clients the opportunity to participate in global investments and receive regular income.

Both GAB and PAB are single-pay, life insurance products linked to structured investments that provide life insurance protection of at least 125% of the one-time premium payment for seven years, fixed annual payouts for seven years, return of the single payment at maturity, and are invested offshore allowing clients to further diversify their peso or US dollar assets.

“We are just happy to have these pockets of opportunity to reintroduce both Sun Grepa Global Asset Builder and Sun Grepa Peso Asset Builder together,” Sun Life Grepa President Richard S. Lim said. “This initiative marks our commitment to offering innovative financial solutions tailored to meet the diverse and evolving needs of our clients to help them protect their dreams and secure their futures.”

Interested clients in these products may also take advantage of convenient application and policy approval through the Guaranteed Insurability Offer, subject to the terms set by Sun Life Grepa.

For more information and to explore these limited time offerings, talk to a Sun Life Grepa Financial Advisor, visit your RCBC Branch of Account, or go to www.sunlifegrepa.com for details. 

The country’s life insurance industry is investing heavily on new technologies while nurturing partnerships to stay in the game.

That in a nutshell was the messages sent by Sun Life Grepa Financial Inc. (Sun Life Grepa) and key partners, such as Sun Life Philippines, at the celebration of the former’s 70th anniversary at the YSpace at Yuchengco Museum in Makati City last March 8.

Tackling trends and issues currently shaping the life insurance industry, the celebration called “A Journey to Brighter Futures” looked at how Sun Life Grepa serves Filipinos, and how its commitment to change and innovate can build a path to a lifetime of milestones. 

Sun Life Grepa board director Riza Mantaring said that insurance penetration in the Philippines remains below two percent due to the industry growing slower than the gross domestic product (GDP). Filipinos’ lack of appreciation around the value of life insurance also hampers the market penetration of life insurance policies.

“Filipinos don’t go out looking for insurance. They are more about being approached and convinced that life insurance is good for them,” she said.

Hence, changing client behaviors, legislation of law and enforcement of government institutions will shape and potentially accelerate industry growth.

In terms of innovations in the insurance industry, Sun Life Philippines CEO and Country Head Benedict Sison said “only the clients will determine which disruptions will be successful.”

Sun Life Grepa President Richard S. Lim highlighted how the joint venture company on its 70th year milestone looks forward to 2024 and beyond.

“We are continuing the dream of our founder Ambassador Alfonso Yuchengco to have life insurance for every Filipino family,” said Lim. “We want clients to have more access to Insurance; we want clients to make better choices for their protection needs; and we want them to be empowered to sustain their journey towards financial security and living healthier lives.  This is our goal as their partner beyond a lifetime.” 

He also shared more about Sun Life Grepa’s market-responsive products catering to very specific needs of different markets in areas that include health and wealth building. “We also seek to make it easier for people to access affordable life and health insurance coverage through strategic partnerships. In this way, we are providing value to employees and clients of our partners.”

Lim also talked about moving forward into the next 70 years with a strong focus on nurturing client relationships by leveraging new technologies including data analytics to provide clients with a great experience throughout their financial journey with the company.

“People need life insurance more than ever and we are ready to be part of that solution now and in the future, as part of building a healthier and more financially secure nation,” he added. 

Incidentally, Lim is the incumbent president of the Philippine Life Insurance Association (PLIA), the trade organization of the country’s life insurance industry recognized by the Insurance Commission.

Tailored to address the financial priorities of affluent individuals seeking to grow their wealth, Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major insurer in the Philippines, has launched the Sun Grepa Peso Asset Builder (ProIncome) to give clients the opportunity to easily access global investments using their Peso assets.

The Sun Grepa Peso Asset Builder (ProIncome) is a Peso-denominated, single-pay investment-linked life insurance product that offers fixed annual income payout of 4.30% for seven years. It also provides capital protection, allowing one to get back their full single premium at policy maturity or at the end of the seven-year holding period.

“We want to provide a complete financial solution to our clients to address their changing financial needs. With Sun Grepa Peso Asset Builder (ProIncome), clients can enjoy regular earnings while preserving their capital,” Sun Life Grepa President Richard S. Lim said.

The product also offers life insurance coverage, with a guaranteed benefit of at least 125% of the one-time premium payment.

Those interested in the Sun Grepa Peso Asset Builder (ProIncome) can experience a convenient application and policy approval through the Guaranteed Insurability Offer, subject to the terms set by Sun Life Grepa.

Go global with your Pesos with Sun Grepa Peso Asset Builder! For more information and to explore this limited time offering, talk to a Sun Life Grepa Financial Advisor, or visit your RCBC Branch of Account, or go to www.sunlifegrepa.com for details. 

The Philippine Life Insurance Association, Inc. (PLIA) member companies have elected Sun Life Grepa President Richard S. Lim to the PLIA Board as President. The induction of officers led by Insurance Commissioner (IC) Hon. Reynaldo A. Regalado was held on February 6, 2024 at Dusit Thani Manila.

This follows Lim’s dedicated service as Treasurer in 2022, showcasing his commitment to the advancement of the life insurance industry. 

In his acceptance speech, Lim expressed gratitude for the opportunity to serve in this capacity. “I thank the PLIA membership and my fellow 2024 Board members for their vote of confidence in choosing me to lead the industry as PLIA President.”

Furthermore, President Lim emphasized PLIA’s purpose to enhance financial literacy and raise awareness about life insurance, aligning with the government’s goal of fostering financial inclusion and making financial products affordable and available to all.

“The mission of PLIA encompasses three key pillars. Firstly, we are dedicated to supporting industry growth by increasing awareness and accessibility of life insurance, empowering our financial advisors to educate clients on financial preparedness. Secondly, we prioritize Filipinos’ welfare by fostering trust, transparency, and resilience in delivering insurance promises, while also safeguarding their privacy and consumer protection rights. Lastly, we aim to enhance stakeholder engagement, addressing relevant industry issues, and creating new capabilities to serve them better and help our members build scale.”

With these goals in mind, President Lim reiterated the collective effort needed to achieve success. “Working together, we aim to bring about positive changes that will uplift our regulatory environment, serve as enablers to the market players in bringing out their utmost potential toward the progressive development of our industry. Most importantly, we aim to place the IC and PLIA in a better position to safeguard and promote the interest of the insuring public,” President Lim added. “I believe our true success lies in the unity of our actions to grow the industry more than simply growing our individual businesses.”

PLIA, founded in 1950, serves as the non-stock, non-profit umbrella organization of all life insurance companies operating in the Philippines. With 31 member companies, PLIA plays a pivotal role in shaping and promoting the life insurance industry in the country.

Sun Life Grepa Financial, Inc. (Sun Life Grepa) has once again earned the Great Place To Work (GPTW) certification for 2023. Having been recognized by GPTW for two consecutive years since 2022, Sun Life Grepa emphasizes its commitment to fostering a positive and supportive workplace culture.

Great Place To Work® is the global authority on workplace culture, employee experience, and leadership behaviors.  It is the only recognition based entirely on what employees report about their workplace experience – specifically, how consistently they experience a high-trust workplace.

According to the results of the GPTW survey, 88% of Sun Life Grepa employees say that it is a great place to work, compared to 53% of employees at a typical global company. 92% said that the company makes them feel welcome while 93% express fair treatment regardless of sexual orientation. More importantly, 92% of Sun Life Grepa employees say that they are proud to tell others that they work here.

“At Sun Life Grepa, we believe that a positive work culture is the foundation for individual and collective success. This drives us to continuously invest in our people and their well-being,” Sun Life Grepa President Richard S. Lim said. “That is why we are proud to receive again the GPTW certification because his recognition shows how we truly value our employees and their contributions to the organization,” Lim added. 

In tandem with this recognition, Sun Life Grepa also recently rolled out several initiatives to ensure continuous dedication to employee development.

“Sun Life Grepa continues to invest in people through strategic and needs-based development programs that hone the expertise of our teams. We put employee and business needs at the center of every engagement and development strategy for Sun Life Grepa to meet its business goals while simultaneously enabling our people achieve their career aspirations and development goals,” Human Resources Head Pinky Moreno said.

Sun Life Grepa’s programs are anchored on self-driven development because the company believes that everyone can grow within the organization and to do this, talents should take ownership of their own career and development.

Another investment that Sun Life Grepa made for its employees is the implementation of the ePMS, an automated performance management system that aligns employees’ development goals with company objectives. The ePMS helps ensure that regular performance and career conversations happen in order to help employees stay on track in meeting their performance and career goals. Sun Life Grepa  also implemented Feedback 360 which enables employees to collect feedback from managers, peers and direct reports and use the insights to help them craft detailed individual development plans. These new tools enable employees to drive their own performance and development.

Sun Life Grepa also launched programs to reinforce leaders’ capabilities. Coaching and Mentoring Workshops were rolled out to ensure that leaders can adequately support the performance and development goals of employees.  These leader development programs aim to foster a Coaching and Mentoring Culture that supports the strong performance culture within the organization. 

Sun Life Grepa also ensures the availability of programs that support the total wellbeing of employees via various employee activities, mental health talks, wellness activities including yoga, boxing and zumba.  The company even makes available an Employee Assistance Program that provides 24X7 support for the mental health needs of its employees and their dependents.

“By cultivating a supportive and nurturing work environment for our people, we instill a deeper sense of belongingness across our teams, inspiring them to give their best every day and helping them achieve their personal purpose as well as fulfilling the company’s purpose which is to help Filipinos achieve lifetime financial security and live healthier lives,” Moreno added.

Bayad, the pioneer brand in the outsourced payment collection system in the Philippines, officially seals its partnership with Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the Philippines.

As Bayad beefs up its partnership with Sun Life Grepa, its mobile application – Bayad App will now be able to directly make available a variety of insurance plans to its subscribers, apart from enabling the acceptance of monthly payments for insurance premiums.

Bayad President and CEO Lawrence Y. Ferrer shared, “Our sole purpose at Bayad has always been centered on elevating the quality of living of Filipinos, and a huge part of our role is to help our kababayans safeguard the most valuable things in life, their physical and financial wellbeing.  With this, we continue to maximize our digital payment offerings by partnering with forward-thinking financial institutions like Sun Life Grepa. Now more than ever, we recognize the increasing need for security in cases of death, unforeseen accidents, hospitalization costs from illnesses, and retirement financial plans. We are one with Sun Life Grepa in enabling worry-free insurance payment solutions.”

“At Sun Life Grepa, we have always been committed to making life brighter for Filipinos through offering life insurance products that empower individuals and families to secure their futures, “ said Sun Life Grepa President Richard Lim. “This partnership with Bayad Center aligns perfectly with that direction. Its extensive network and expertise in payment solutions make them a remarkable partner to help us reach more Filipinos. We have the highest confidence that we will be able to offer an outstanding client experience but also reinforce our commitment to financial inclusion and security.”

Visit www.sunlifegrepa.com to learn more about Sun Life Grepa products or email partnerships@bayad.com for more about Bayad support services for payment and collection.