SUN Life of Canada (Philippines) Inc. remained the number one life insurance company in the Philippines in 2019, retaining the top spot for the ninth consecutive year.
In the Insurance Commission’s statement on the ranking of life insurance companies, Sun Life ranked first with a total premium of P39.5 billion.
Sun Life also topped the industry in 2019 in terms of net income with P8.2 billion, while its total assets reached P254.5 billion.
In 2020, Sun Life is accelerating its digital capabilities. The company recently launched a digitally enabled sales process that will allow Filipinos to stay financially protected from the safety of their own homes amid the Covid-19 crisis.
Sun Life has also extended premium due dates and enabled remote transactions to ensure its clients’ policies remain in force and on track.
Sun Life Philippines chief executive officer and country head Benedict Sison said: “More than ever, we look forward to serving Filipinos as the country prepares to rise above the Covid-19 pandemic. Sun Life has been the Filipinos’ partner for the past 125 years and we have seen how they have emerged from every crisis. We are confident that the Filipinos will once again prevail over this current challenge and we promise to be with them every step of the way, providing them with lifetime financial security and helping them live healthier lives.”(Sponsored Content)