People's Domain

Sun Life hits P32b in 2017, remains PH No. 1

The Philippine Insurance Commission has affirmed the No. 1 spot for Sun Life of Canada (Philippines), Inc. having attained the highest total premium income of P32-billion in 2017.

It is Sun Life’s seventh consecutive year to occupy the top spot demonstrating sustained leadership in the insurance sector.

“This milestone is one we attribute to our clients, whose trust and support inspired us to keep improving and innovating,” expressed Alex Narciso, president of Sun Life of Canada (Philippines) Inc.

“We also have our advisors, employees and partners to thank, for it is through their hard work and passion that we are able to touch the lives of more Filipinos,” added Narciso.

Sun Life attributed its sustained success from the intensive effort undertaken by its advisors who served more clients in 2017 despite of the challenges that subjected the market and the financial condition of the period.

Its advisors settled P2 billion in Annualized First Year premium (AFYP) in the last quarter of 2017, the company’s highest in the past five years.

The previous year saw the Sun Life group of companies growing its client base to over 3 million, while its advisory force has also hit over 11,000.

“We are on track to realizing our RI5E PH vision of having 5 million clients by 2020”, said Sun Life Philippines CEO and Country Head Riza Mantaring.

“We are happy to see a growing appreciation for financial planning among Filipinos and this is a big step towards ensuring a brighter future for themselves and our country as a whole,” Mantaring underscored.

For 2018, Sun Life is setting its sights on tapping broader markets, launching new products, and offering more digital tools, while continuously enhancing its services to clients.

“Sun Life’s mission remains the same, and that is to help Filipinos achieve lifetime financial security and live healthier lives,” said Mantaring and “we look forward to exploring more ways to make this a reality for all of our clients.”

(Archived News – April 1. 2018)

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