Sun Life of Canada (Philippines) Inc. remained the leading life insurance company in the country last year, after garnering P45.46 billion in total premium.
The feat was based on the latest unaudited quarterly reports on selected financial statistics submitted to the Insurance Commission.
Sun Life is the industry leader for the 11th straight year, an achievement it attributes to its clients’ trust and support.
“The past year was marked by various challenges, as the pandemic heightened and a typhoon devastated our country. Knowing that our clients rely on us to help build their brighter future helped us focus on what matters most,” Sun Life president Alex Narciso said in a statement Monday.
Sun Life said with the pandemic situation slowly improving, it is eager to build on the Filipinos’ heightened interest in financial planning and health protection.
The company said to adapt to the clients’ evolving priorities and expectations, it opened new branches nationwide and upskilled its advisors. Sun Life also continues to be innovative, launching new products and tools to enhance client experience.
It said efforts to serve the greater community also continue. The Sun Life Financial-Philippines Foundation Inc. recently welcomed the third batch of participants for Sun Pera-Aralan, its behavioral design financial management program for public school teachers.
It teamed up with Health Futures Foundation Inc. to set up Sun Life Barangay Health Stations in remote areas in Batangas, providing residents with access to basic healthcare.
“As we mark our 127th anniversary this year, we remain faithful to our purpose. We are fully committed to fulfill our promises to the generations of clients that we have been granted the honor to serve. We are ready to be their partner for life,” Sun Life chief executive and country head Benedict Sison said.