BPI-Philam Life Assurance Corp.’s digital habits and customer service got the nod from London-based international business and finance magazine World Finance which hailed the company as the Best Life Insurance Company in the Philippines in 2019. This marked its third consecutive year of receiving the award.
The World Finance Global Insurance Awards celebrates the industry’s most innovative players and top insurers that help drive the sector forward. BPI-Philam has proven its resilience towards challenges and practices its progressive mentality by expanding reach to various areas across the Philippines in its aim to close the protection gap in the country.
“BPI-Philam is proud and grateful to receive the award for the third consecutive year. We are racing against risk to protect as many lives as we can, especially as the country is highly vulnerable to different disasters. Several recent events rocked both the nation and the world and have once again urged the pressing need for insurance. Our goal is to touch base with the most vulnerable sectors, and we are continuously working hard to do that,” said BPI-Philam CEO Surendra Menon.
BPI-Philam supports these efforts with consumer education programs that drive the importance of insurance home. Bancassurance sales executives are also stationed in BPI branches nationwide to address any insurance-related concerns.
Data from the Bangko Sentral ng Pilipinas show that 526 cities and municipalities remain unbanked as of the second quarter of 2019. Of this number, 458 have other access points, which BPI-Philam has begun to tap through strategic partnerships with other notable service providers like Tambunting Pawnshop.