SUN LIFE FULFILLS ITS PROMISE TO CLIENTS THROUGH 6.5 BILLION CLAIMS AND MATURITIES PAID IN 2021

 

SunLife Philippines building on BGC Taguig

Even amid multiple crises the country faced last year, Sun Life Philippines (Sun Life) fulfilled its commitment to clients and paid around PHP 6.5 billion in death and living benefits.

 

“The payout of claims and maturities bring to life our promise to be here for our clients, especially during the most challenging of times,” Sun Life Philippines CEO & Country Head Benedict Sison said. “They can trust that Sun Life will always be here as their partner for life.”

 

Meanwhile, Sun Life also maintained its leadership in the insurance industry for the 11^th consecutive year, finishing 2021 with a total of PHP 45.46 billion in Total Premium Income. This is according to reports released by the Insurance Commission based on submitted unaudited Quarterly Reports on Selected Financial Statistics.

Apart from leading the life insurance industry in premium income, Sun Life’s consistent performance in the industry metrics of New Business Annual Premium Earnings, Assets, Net Income, and Net Worth over the years demonstrates its strength, stability, and resilience amidst uncertain times.

 

Benedict Sison, SunLife Philippines CEO and Country Head

“I am proud to say that Sun Life was the only company that ranked in the top three for all these core metrics. It’s important for us to deliver a strong performance to ensure that we continue to fulfill our lifetime commitment to our clients just as we have for the last 127 years,” Sison added.

 

At the forefront of this commitment are Sun Life’s advisors, who engage clients through digitally-enabled selling and servicing capabilities. They continuously upskill to ensure that they can adapt to the changing times, as well as their clients’ evolving needs.

 

To help advisors in fulfilling this mission, the company has innovated its service to provide safer and more convenient ways to transact with Sun Life. Several payment options and channels were made available for clients’ convenience, such as the credit card payment feature on the My Sun Life Client Portal, bills payment and auto-debit via bank and e-wallet partners, as well as the Sun Life Online Payment Page via the Sun Life website (www.sunlife.com.ph).

The Remote Online Medical Exam likewise remains available for those applying for new policies or reinstatement, while claims may be filed remotely through their Sun Life Advisor, the Client Care hotline, or Claims Services via email or SMS. For further convenience, the company also promotes the use of the Credit to Account, a facility where clients can receive their disbursements through their validated bank accounts.

Alex Narciso, SunLife of Canada PH Inc. President

 

“At Sun Life, we want to be the Number 1 in the hearts of our clients. This is why we continuously strive to meet our obligations and provide the best service possible,” Sun Life of Canada (Philippines), Inc. President Alex Narciso said. “Our clients deserve nothing less, and it is our privilege to deliver.”