Posts about: #sunlifeph
Friday, April 28, 2023
Flexing its financial muscle on its 69th year, Sun Life Grepa Financial, Inc. (Sun Life Grepa), a major life insurance company in the country, improved its rankings in the end-2022 industry report released recently by the Insurance Commission (IC).
In 2022 alone, its total premium income (TPI) grew by 21% to P11.54 billion from P9.52 billion in the previous year. The company continues to be in the top 10 among insurers with the highest net income, climbing a notch to rank 8th with P1.19 billion in 2022 from its 9th spot in 2021 with P597.7 million. Furthermore, it increased its net worth in 2022 by 24% to P5.7 billion – the 8th highest in the industry.
Total assets at end of 2022 stood at P52.3 billion from P51.1 billion. The life insurer also climbed to 11th in 2022 with total new business APE of P1.69 billion from its 13th rank in 2021.
“We attribute our exponential growth to our singular commitment to helping our clients fulfill their protection needs, now and in the future,” said Sun Life Grepa President Richard S. Lim. “We, at Sun Life Grepa also has been proactively focusing on product innovation to meet the needs and expectations of our clients. As we believe that in these times of uncertainty, having an insurer that they can lean on because of its financial stability and strength, is very important.”
Sun Life Grepa has protected over 3 million lives, contributing to the country’s goal of providing Filipinos health insurance coverage and access to cost-effective and quality healthcare services.
It scored several milestones that coincided with its 69th anniversary celebration, including the recognition “Best Insurance Provider for SMEs – Philippines” from the 2022 International Finance Award and “MSME Insurance Initiative of the Year – Philippines” from the 2022 Insurance Asia Awards for its tailor-made insurance and protection solutions for the country’s micro, small and medium enterprises under its MSME MyBiz.
As part of sustaining its growth trajectory, the company boosted its affiliated medical providers by 25% in 2022 from the previous year. More than 1,300 hospitals and clinics across the country are now its affiliated partners. To support its network reach and enable customers to access Sun Life Grepa solutions and services faster and easier, the company also launched Sun Life Grepa Healthcare Teleconsult so Group Medical members can consult with doctors at the comfort of their homes. It also enhanced its online servicing platform to include semi-automated requests for the issuance of letters of authorization and consultation. On another note, Sun Life Grepa also recently received a Great Place To Work® Certification, the global standard for workplace excellence and culture.
This year, Sun Life Grepa aims to encourage more Filipinos to avail of health protection and life insurance coverage to secure their loved ones’ brighter future. The company plans to partner with more hospitals and clinics and make its products and services more accessible in the digital landscape, ensuring Filipinos’ convenient and easy access to quality healthcare.
“While uncertainties remain, I am optimistic that we will tackle the future fiercer and smarter. Sun Life Grepa’s commitment to helping every Filipino live healthier lives and achieve lifetime financial security remains unwavering,” said Sun Life Grepa President Richard S. Lim. “As we move forward in 2023, we will continue to have a laser-sharp focus on creating innovative ways to deliver quality insurance products and services that push Filipinos closer to their dream of financial freedom.”
Monday, April 24, 2023
Sun Life Financial-Philippines Foundation, Inc. (Sun Life Foundation), the philanthropic arm of Sun Life Philippines, recently signed a memorandum of agreement with World Wide Fund for Nature (WWF) Philippines to establish two (2) Food Shed Farming Enterprise projects in the province of Surigao del Norte to provide food source and economic resiliency for low-income urban communities through food security, and sustainable livelihood among the locals.
The Food Shed Farming Enterprise projects aim to secure food and livelihoods as well as mitigate food shortages in the community by using sustainable agriculture interventions, increasing the capacity to utilize technology, and promoting climate-resilient and sustainable production systems that minimize the impact of the stresses that contribute to limited food accessibility.
“With this collaboration, we hope to further improve the resiliency of the food supply of communities, especially with the threats that climate change poses to our food resources,” says Katherine Custodio, Executive Director of WWF.
Located in Del Carmen, Siargao Island, the Food Shed Farming Enterprise projects will be established in Brgy. Caub and Halian Island and are expected to benefit 250 individuals through sustainable livelihood, as well as provide almost 2,000 locals with access to hyperlocal nutritious food.
“Through this collaboration with WWF, the Sun Life Foundation aims to provide food security, sustainable livelihood, and climate-adaptive technologies for the locals of the island in an environmentally sustainable manner,” says Kristine Dianne Millete, Executive Director of the Sun Life Foundation. “It is our earnest hope that through this project, we can alleviate the effects of food shortages and help our farmers with alternative farming technologies that support food security even during times of pandemic,” Millete concluded.
The Sun Life Foundation strives to uplift communities as part of its commitment to sustainability. Other notable projects in the provinces include the Sun Life Barangay Health Stations, which provide basic healthcare in remote areas.
Saturday, April 22, 2023
Summer is in full force, and Sun Life Philippines is one with Filipinos in welcoming the season with bright and fun activities in Boracay.
Tourists who headed to the island paradise for the recent five-day break were greeted by colorful paraws that were specially designed for Sun Life. As a bonus, Giftaway e-gift certificates are also up for grabs for those who will join Sun Life’s Spot the Paraw promo. To participate, one only needs to take a photo, reel, or video of Sun Life’s paraw in Boracay, post it on their Instagram or TikTok account, and tag @SunLifePH. The promo is currently ongoing and will run until May 31, 2023.
Meanwhile, massages, henna tattoos, an afternoon tea break, and a Partner for Life photo session were also offered at the Feliz Hotel located at Station 2 last April 9. These will be scheduled once again on April 29 for those who will be in Boracay for the Labor Day long weekend. These activities, which will be provided for free, are perfect for those looking to make their summer vacation with their partners, family, and loved ones more memorable.
Highlighting Health and Wellness
Sun Life will also take the opportunity to highlight health and wellness this summer by bringing its Wheel of Life Pop-up Fair to Boracay on April 29.The fair will feature various health activities, including free consultations, health risk assessments, and nutrition counseling. A mental health check-in will be offered by the Philippine Mental Health Association, while diabetes testing will be courtesy of Sun Life’s healthcare partners, Doctor Anywhere and the Institute for Studies on Diabetes Foundation Inc.
There will also be game booths, free massages, a wellness corner, and other fun activities onsite. Boracay is the only stop the Wheel of Life Pop-up Fair is making in the Visayas region.
A Purposeful Summer
Meanwhile, there will also be coastal cleanup sessions happening on April 28, May 13, and June 10 for those who want to help preserve Boracay’s beaches. Volunteers who are licensed scuba divers can also participate in the underwater cleanup activities during these dates. The Sun Life ReCycle PH Machine will also be on hand so participants can exchange their plastic bottles for GCash credits.
All these activities are part of Sun Life’s new health campaign, Wheel of Life, which aims to inspire Filipinos to prioritize their health and help them pursue a healthier lifestyle so that they can live life on their own terms.
To stay updated on the latest updates and promos, follow @SunLifePH on Facebook, Instagram, and TikTok. To learn how Sun Life can help you live life on your own terms, visit www.sunlife.co/WheelOfLife.
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