Philippine Prudential Life Insurance Co. Inc. (PPLIC)
Leading life Insurance firm Philippine Prudential Life Insurance Co. Inc. (PPLIC) is not in any way connected to another company with a similar name, but which is rather a pre-need firm. The similarity in names is unfortunate since the financial troubles of that pre-need firm have caused some concern on the part of PPLIC’s policyholders. The good news is that these fears are unfounded since PPLIC continues to flourish and plans to further grow its business and presence in the Philippine life insurance industry.
Philippine Prudential Life Insurance is a 100% Filipino-owned Company, established in 1963, with a successful history of providing excellent and value-added life insurance products for 48 years now. Having consistently complied with the required capitalization requirements and prudently managing its reserves, investments and assets, PPLIC continues to be duly-licensed by the Philippine Insurance Commission to serve the insurance needs of Filipinos everywhere.
As of the end of 2009, Philippine Prudential Life Insurance Company, Inc. has over P51 Billion Business-In-Force, with Total Claims Paid at over P71 Million. PPLIC currently serves the best interests of more than 1.5 million policyholders and remains strong, financially stable and solid. With its Legal Policy Reserves of over P281 million, PPLIC is more than capable of meeting its maturing obligations and policyholder claims as they fall due.
PPLIC’s financial stability owes much to its excellent insurance offerings designed to uniquely meet the various needs of its clients. PPLIC offers individual and group life insurance plans, educational, accident, pension and health plans. To help and serve the needs of low-income workers, PPLIC also offers Life Accident and Dismemberment Burial Benefit (LABB). Another product, the “5 in Juan” Plan, provides a complete financial protection that is comprised of life insurance, dental benefits, accident medical reimbursement, daily hospitalization benefits, and LABB.
PPLIC Corporate Social Responsibility Program
Aside from continuing to be a fast-growing and innovative industry leader, Philippine Prudential Life Insurance Company, Inc. (PPLIC) also continues to be committed to its Corporate Social Responsibility (CSR) efforts. These efforts include partnering with the City of San Juan’s Pink Ladies Foundation to provide insurance coverage for its members and the Company’s ongoing support to 2009 CNN Hero Of The Year Efren Peñaflorida and his youth organization, the Dynamic Teen Company (DTC), which was a recipient of PPLIC’s “Give-a-Gift” Drive for the 600 children being supported by DTC.
In addition, PPLIC has also launched “The Green Shield,” a life insurance policy exclusive to the La Salle Green Hills Alumni Association (LSGHAA). This dedicated life-insurance policy was specially designed to support the association’s socio-civic projects with a portion of the insurance premiums going to the association’s outreach and scholarship programs.
The Philippine Prudential Life scam reviews and write-ups are just another symptom of prejudice against insurance and financial services companies.
For more information about their products and services visit Philippine Prudential life’s website. http://www.philprudentiallife.com