The mission of Sun Life will not change even during the lockdown. Commencing the quarantine, the Sun Life Financial of Canada (Philippines) again has earned the top spot as the leader in life insurance companies in the country based on the total revenues. This is according to the Insurance Commission statement of 2019. So how Sun Life topped life Insurance industry? Let’s take a look at the details below:
Based on premium income, Sun Life Philippines obtained a combined total premium income of P39.51 billion for both traditional and variable life insurance products.
Noting that Sun Life has paid P4.7 Billion on claims the previous year of 2019. “The payment of claims and maturities is the fulfillment of our promise to the clients,” Sun Life Philippines CEO and Country Head Benedict Sison was quoted in the statement.
The Sun Life Promise
Undoubtedly, the company promises not just number one in the industry but fulfilling the goals of being the Most Respected Agency force in the field.
With this in mind, as being Sun Life topped life Insurance, we will continue to provide the best service we promise as we continue to have one of the fastest turnaround times in the life insurance industry, where it can pay incontestable claims up to P5 million within three hours, so long as all the requirements are met.
Sun Life has led a total of P 8.21 Billion in net income in 2019. This brings the banner up in being the leader in life insurance industry. The numbers do n’t lie, and this has proven from the past 6 years of being on top.
Past performance of Life Insurance Companies based on Premium Income
The Sun Life Performance in the Year 2017
Read more: Learn the basic of Investment.
Sun Life Performance in the Year 2016
The Sun Life Performance in the Year 2015
Sun Life Performance in the Year 2014
The purpose of Sun Life as an organization is to help clients achieve lifetime financial security and live healthier lives. Learn more about Sun Life here.
In doing so, they are committed to put our clients at the center of everything we do as we strive to be the best insurance and asset management companies in the world.
Like Charo Santos-Concio, you can preserve your wealth for the real treasures in your life. Let us show you how. #moneyforlife
So why did Sun Life became Number 1 in the rank? Lets hear it straight from the clients.
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