Sun Life Grepa Financial Inc. (Sun Life Grepa) and the Yuchengco Group of Companies (YGC), through its flagship bank the Rizal Commercial Banking Corp. (RCBC), have extended their bancassurance partnership.
Sun Life Grepa is a joint-venture between the YGC and Sun Life Group. It offers clients with financial planning and guidance, life and health insurance products, and insurance benefit offerings.
“Renewing and strengthening the successful bancassurance partnership of RCBC and Sun Life Grepa is not only an affirmation of a sustainable joint venture but also an expression of commitment and service to the Filipinos as they navigate financial wellness and protection in this modern day and age,” said Richard Lim, Sun Life Grepa president.
“Our track record shows that this strategic partnership benefits customers and significantly impacts their lives in terms of financial wellness,” added Eugene Acevedo, RCBC president.
The bancassurance partnership started in 2011, generating P60 billion in premium income in the last 10 years.
The joint venture was also able to insure 2.94 million lives, garnering P82 billion premium income in the last 10 years.
Sun Life Grepa has also paid out around P47 billion of insurance claims and benefits in the last decade.
