Live Breaking News & Updates on Iting They Continue To Innovate Products That Will Have Greater Benefits Their Policyholders Photo By Joanns Villanueva Manila An Official Of London Based Prudential Plc Is Optimistic The Rising Interest Rate Not Any Immediate Hit On Pricing Insurance As Authorities Are Now Addressing Issue Ina Briefing Wednesday

INTEREST RATE JUMPS. Prulife UK president and CEO Eng Teng Wong (left) said introduction of affordable insurance products is a "big help" in encouraging more Filipinos to get insurance coverage and increase penetration rate in the country. Prudential chief health officer Andrew Wong said the rise in interest rates is not expected to have a long-term impact on their products' pricing, citing they continue to innovate products that will have greater benefits to their policyholders. (Photo by Joann S. Villanueva) MANILA - An official of London-based Prudential Plc is optimistic that the rising interest rate will not have any immediate hit on the pricing of their insurance products as authorities are now addressing the issue. In a briefing on Wednesday, Prudential chief health officer Andrew Wong said jumps in inflation rate, which is the main reason for increasing interest rates around the globe, is not severe in Asia and Africa as it is in Europe and the United States. &quo ....

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