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Published April 24, 2021, 6:30 AM
Sun Life of Canada (Philippines), Inc. retained the number one spot as the country’s top life insurance company, marking its 10th straight year of industry leadership.
Based on the latest report from the Insurance Commission, Sun Life Philippines posted a premium income of P39.27 billion, outperforming its closest contender by P8 billion in total premiums.
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“We dedicate this milestone to our clients whose trust and support motivated us to keep excelling and innovating,” Alex Narciso, Sun Life Philippines president said in a statement.
“We also share this with our advisors and employees who remained faithful to our mission despite all the challenges we faced last year,” Narciso added.
Sun Life offers new maturity options for MyFuture Fund Czeriza Valencia
MANILA, Philippines Sun Life of Canada (Philippines) Inc. announced that it is launching three new maturity date options for its MyFuture Fund investment solution.
This target-date fund follows a predetermined glide path designed to provide medium to long-term capital appreciation in the early years of investment, shifting to wealth preservation as the fund’s maturity date nears.
During the early years of the fund, asset allocation is tilted toward high-quality equities to provide greater opportunity for asset appreciation.
The strategy later shifts to more fixed income allocation to minimize the exposure to risk as the maturity date nears, thereby preserving the wealth accumulated.
Sun Life Chief Executive Officer Benedict Sison
The Philippine Life Insurance Association Inc. (PLIA) has elected Sun Life Philippines Chief Executive Officer (CEO) and Country Head Benedict Sison to the PLIA Board anew as president.
This election was held during PLIA’s annual business meeting held virtually on November 24.
Sison expressed gratitude for the opportunity to once again serve in this capacity.
“I am honored to be given a fresh mandate to continue leading the association. This will allow me to pursue the completion of our ongoing initiatives and creating new ones that will enable our industry to rise above the challenges presented by the prevailing pandemic,” he said.
Sun Life remains most trusted life insurance brand sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.