Pru Life UK tops with highest Q2 NBAPE
Pru Life UK maintains its leading position as the Philippines’ insurance provider with a stellar second-quarter performance in 2024.
The company achieved the highest New Business Annual Premium Equivalent (NBAPE) and ranked first in Total Premium Income from Variable Life Insurance Products, replicating its success from the first quarter.
The Insurance Commission (IC) has reported that Pru Life UK achieved a total NBAPE of P4.8 billion and a Total Premium Income from Variable Life Insurance Products of P22.5 billion as of June 30.
NBAPE is the key performance metric for evaluating sales in the Philippine life insurance industry, providing essential insights for insurers, investors, and regulators.
“We are delighted to maintain our position as the number one life insurer in the Philippines, reflecting our dedication to delivering quality insurance protection to our customers. Our continued success in achieving the highest NBAPE in the second quarter reaffirms our commitment to innovation, customer trust, and building a financially resilient society,” said Pru Life UK CFO Francis Ortega.
Pru Life UK has yet again reinforced its reputation as a strong and stable insurance provider for Filipinos.
It remains steadfast in empowering more than 1.8 millionFilipinos to achieve their financial goals and secure their futures through its over 38,000 agency force.
Through investments in digital technology and financial literacy initiatives,
Pru Life UK is driving the development of a more financially resilient society while adapting to its customers’ evolving needs.
Maternity support
The Bank of the Philippine Islands (BPI) underscores its status as an employer of choice through exceptional support for new mothers on its team.
BPI goes beyond legal requirements to offer comprehensive care throughout their maternity journey. To further support employees, the bank’s HR team provides a variety of resources:
- Maternity Kits — Comprehensive guides and resources are provided to help employees navigate each trimester of pregnancy to promote safe pregnancy and delivery.
- Advice Letters — Details about SSS Maternity Benefits is given to the employee before the maternity leave begins.
- Special BPI Swaddle — The BPI Swaddle is a gift for the mom and her newborn, signifying the bank’s warm welcome into the BPI family, along with post-maternity reminders.
- Mother’s Room — The Mother’s Room is a dedicated area in BPI’s workplace where breastfeeding employees can express breast milk comfortably and privately during work hours.
- Free consultation with OB-GYNE — Female BPI employees can take advantage of free consultations with an OB-GYNE every Tuesday, from August to October 2024, at the BPI Buendia Office.
Toyota Yaris Cross deals
Toyota Motor Philippines (TMP) continues to push its campaign toward carbon neutrality through attractive offers for its Hybrid Electric Vehicle (HEV) model, the Yaris Cross.
Bring home a brand-new Yaris Cross this August through flexible payment options. Get the 1.5 S HEV CVT variant for a downpayment of only P240,600 under the Pay Low option. This option offers customers downpayments as low as 15 percent with free insurance for the first year, free LTO registration for three years and no chattel mortgage at 60 months payment terms.
The same variant is available through straight cash option. Customers who pay through this option get a discount of P100,000.
The 1.5 G CVT gas variant is also available for a monthly payment of only PHP 13,220 under the Pay Light option, which offers customers low monthly plans with 50 percent downpayment at 60 months amortization.
Customers who opt to purchase the 1.5 V CVT variant in cash can get a PHP 20,000 discount on their brand-new unit.
Another way to own the Yaris Cross is to trade in an old Toyota for a brand-new unit.
Get a PH25,000 rebate when you trade in your old Vios, Innova, Fortuner or Hilux for a brand-new Yaris Cross 1.5 S HEV CVT, 1.5 V CVT or 1.5 G CVT.
Triple triumph
Astara-led GAC Motor Philippines announced the arrival of the Emzoom Touring, which brings a new level of style and performance to the Emzoom line.
Alongside this exciting development, the Emzoom has been declared No.1 in the 2024 China Automobile Quality rankings, highlighting the brand’s focus on delivering high-quality vehicles that meet customer expectations.
Adding to these achievements, the Emzoom has also received a 5-Star Asean NCAP Safety Rating in June 2024, proving its top-notch and proven reliability in safety, offering peace of mind for drivers and passengers alike.
The Emzoom Touring is the upgraded edition of the Emzoom GB variant, featuring a sportier design with the addition of the R-Style Body Kit, center-mounted dual exhaust pipes, and a Touring badge.
FWD Life Insurance launches customer panel
FWD Life Insurance (FWD Philippines) announced the launch of FWD Champions, a customer panel designed to gather valuable feedback and insights from customers.
This initiative aims to further enhance the delivery of best-in-class products and services that better meet the customers’ evolving needs.
As part of FWD’s longstanding practice of pioneering customer-led innovations, FWD Champions invites customers to provide direct feedback on the insurer’s current and emergent offerings, giving them an opportunity to innovate and co-create with the company.
Through this dynamic feedback mechanism, FWD Philippines aims to gain deeper insights into the customers’ needs, preferences, and challenges. This helps the insurer to continuously improve important touch points to deliver exceptional value and experience.
As the insurer of the next generation, FWD Philippines has introduced many digitally enabled technologies and innovations that are inclusive and people-centric, designed to make insurance easier and accessible for everyone.
Xiaomi equips public schools with smart tech
Xiaomi is making significant strides in transforming local education through its innovative Xiaomi Powered Room advocacy.
Through Xiaomi Powered Rooms, Xiaomi donates its latest smart tech and appliances to underprivileged public schools in the Philippines to foster a more accessible and convenient learning environment – and bridge the digital divide – for students.
Devices and gadgets such as Xiaomi Smart TVs, Xiaomi Mini Projector, Xiaomi Smart Cameras, a Redmi Soundbar, and Xiaomi Standing Fans are given to these schools to transform at least one classroom into a high-tech Xiaomi Powered Room.
As part of its latest efforts and this year’s Brigada Eskwela initiative, Xiaomi, in partnership with non-profit organization World Vision, had recently created a new Xiaomi Powered Room at a public elementary school in the town of Laurel, Batangas last July. In addition to the Xiaomi Powered Room, the brand had also donated essential school supplies for students. This was the latest in Xiaomi’s initiatives to modernize various local public schools since 2022.
Shaping tomorrow’s business leaders
Federal Express Corp., together with Junior Achievement (JA), announced the winners of the 2024 FedEx/JA International Trade Challenge Asia Pacific finals held at a live event in Singapore.
This year’s competition attracted over 4,500 students from 10 markets including Hong Kong SAR, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Thailand, and Vietnam.
Sixty students gathered in Singapore for the Asia Pacific finals and were tasked to create a market entry strategy for a product that contributes to a circulatory economy, with Turkey being the target market.
The first-place winners were Team CJ, consisting of Cheryl Lim Xin Yi from Singapore and Julia Jasmine Binti Jufri from Malaysia. They impressed the judges with their innovative idea of creating biofilm from seaweed.
The two runner-up teams were Team Circuvate and Team ONE. Team Circuvate, which included Wesley Ng Yu De from Singapore, developed bioplastic plates funded entirely through advertisements for football stadiums. Team ONE, composed of Rysa D. Sumalinog from the Philippines and Clarisse Chee Qian Ying from Singapore. They proposed turning food waste into traditional Turkish carpets.
The FedEx / JA International Trade Challenge program is jointly organized by FedEx and JA Asia Pacific, a member of JA Worldwide.
SBF aids teachers with the Singapore Math method
Security Bank Foundation, Inc. (SBFI) facilitated a training session on the Singapore Math method for elementary school teachers in its beneficiary schools in Visayas and Mindanao.
The session took place during Year 2 of the Mentoring Future Leaders for Nation-Building training program.
During the training session, which took place in Sacred Heart School-Ateneo de Cebu on July 15 to 19, teachers were taught how to use images, manipulatives, and storytelling to enable students to visualize abstract mathematical concepts.
Teachers were also trained to use the “Prompt, Probe, and Wonder Why technique” in challenging students’ critical thinking skills.
The training session was facilitated by Ng Swee Fong, a former Associate Professor of Mathematics at the National Institute of Education in Singapore. The session ended with a call from SBFI chairman Rafael Simpao, Jr., who discussed learnings from the Year 2 program, teaching methodologies, and plans to help improve students’ proficiencies in mathematics and English.
