business

AIA Philam Life continues Save Lives Mission, launches new funds

November 28, 2020

AIA Philam Life continues to fulfill its purpose-driven mission to race against risk and protect every Filipino family and empower them to live healthier, longer, and better lives.    The Philam Group (AIA Philam Life and BPI-Philam combined) rallies behind its Save Lives commitment achieving 67 per cent of its target of lives saved, and 61 per cent in terms of basic sum assured coverage. Despite challenges of the current pandemic, Philam Group was able to stay the course by quickly strengthening its digital capabilities, initially with the Facebook chatbot, the enhanced digital selling (EDS), and now Coffee Closing is fully operational, allowing digital selling to be completed within 20 minutes.    AIA Philam Life CEO Kelvin Ang said, “While it has been a challenging year, the pandemic has given us a stronger purpose to fulfill our mission. We remain committed to fulfilling our Save Lives targets and will work towards its completion by the end of the year. It helps immensely that we are well-positioned to fully embrace the shift to digital in response to the physical restrictions. With our digitally enabled agency force, we are ready to continue addressing the protection needs of Filipinos, now at a faster rate. As we continue to adapt to the situation, this also means technology, digital and analytics will be at the center, becoming our enablers in the fulfillment of our mission.”    AIA Philam Life remains financially strong and stable despite the local economic challenges. “Our financial strength, through our assets and net worth, remained robust throughout 2020 with no significant impact from the pandemic. Our new business results (measured as annualized new premiums) continue to improve in the third quarter, reflected in the strong double-digit growth vs the previous one,” said Gary Ogilvie, AIA Philam Life Chief Financial Officer (CFO). “Furthermore, we are pleased with our product mix and shift to protection and related improvement in our new business margins. We remain confident of the opportunities ahead, with the low insurance penetration rate, and our strategy coupled with an increased awareness of health risks and the value of protection following the pandemic.”   The year showed continued customer patronage for AIA Philam Life’s protection products, with its protection trinity offering making it to the top four bestsellers of the company: AIA Critical Protect 100, AIA All-in-One, and AIA Med-Assist. “Our focus on protection products has allowed AIA Philam Life to achieve a more balanced portfolio, with high protection products accounting for almost half of the mix,” said Leonardo Tan Jr, AIA Philam Life Chief Marketing Officer. “Customers who now have ample coverage for medical emergencies, critical illness and untimely passing, would want to look for solutions for their long-term savings needs, which is why we are now launching new funds that will address this new demand.”   Taking Your Investment Global    With an already strong protection portfolio, AIA Philam Life introduces the global fund range that will be made available through its suite of variable insurance products aimed at addressing the long-term savings needs of customers, with support from AIA Investment Management Pte. Ltd. (AIA IM).    AIA IM is an AIA-affiliated company that was incorporated in 2016 as the hub for regional investment management, solely managing the assets of the AIA entities within the AIA Group and providing investment solutions for customers.    “A first to market approach in the Philippines, the Elite Fund Portfolios Range provide unit linked customers access to global investment strategies managed by best in class fund managers. The Elite Funds combine the different strategies to match client risk profiles and focus on delivering long term investment returns. AIA’s experienced team of investment professionals monitor the funds and strategies in the same way we manage our own money. We invest alongside our customers using the same best in class fund managers and apply consistent standards of professional oversight, providing our customers with the reassurance and consistency they expect from AIA.” said Mark Konyn, AIA Group Chief Investment Officer.   With the support from AIA IM, AIA Philam Life launches the Elite Funds, offering options to customers depending on their risk appetite: Adventurous Fund, Balanced Fund, and Conservative Fund. These funds are sub-managed by leading global investment managers Baillie Gifford, Wellington Management, and Blackrock.     “Through our partnership with AIA IM, we are able to give our clients access to a global portfolio of professionally managed funds that can help them grow their money in the long run,” said Arleen Guevara, AIA Philam Life Chief Investment Officer. “By giving them more investment options, we are empowering them to achieve their long-term savings objective, thus bringing to life our brand purpose of helping Filipinos live Healthier, Longer and Better Lives.”   Find out how you can invest in these funds by visiting the AIA Philam Life website at philamlife.com, Facebook page at https://www.facebook.com/AIAPhilamLife/, emailing philamlife@aia.com or calling (02)8528-2000.

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INSULAR LIFE 110th ANNIVERSARY 

November 25, 2020

110 Years For the Filipino: Lessons of hope, courage, and overcoming the pandemic  Eleven decades and one would think, you’ve seen them all. But each of these periods is unique unto themselves; they are different from each other with their own distinctive highlights.   What is certain is that Insular Life (InLife), has been for the Filipino all these 110 years.  And these past eleven decades presented interesting experiences of their own: the first half is of growth and expansion, its second a series of great years and some costly lessons. There were periods of unprecedented growth as well as intervals of tempered expectations.  Today InLife attains another high point, becoming one of very few Filipino companies surpassing 110 years of success and continued service and operation since 1910. But as the company celebrates this milestone, the world is gripped yet again, by a most crippling crisis – a deadly battle against the unseen.  Medical frontliners receive PPEs from Bryan’s group at the height of the pandemic. The COVID-19 pandemic may be the worst crisis of this generation, because all at once it became a global health, humanitarian and economic crisis. This is exacerbated by the fact that there are no manuals for solutions, no past lessons from which to learn. For InLife, we view these uncertainties as opportunities to serve and to fulfill a promise to be with the Filipino at all times, even in the worst of times.  From her car, Patty Vazquez drove the streets of Sta. Rosa, Laguna to distribute goods to the elderly to help them cope with the lockdown. Lifting up others  Such is the case for InLife employees Bryan De Matta and Patty Vasquez. During the early weeks of the pandemic, Bryan and his two other high school friends, noticed that in their hometown in Binan, Laguna, doctors treating COVID patients were also getting infected.  “One reason bakit nahahawa ang mga doctors is because of direct contact with patients during a process called intubation,” he said.  Bryan explained that doctors put a tube into the windpipe of severe Covid patients to help them breathe. But this direct contact procedure increased the risk of getting infected.  “We launched a project called ‘Pledge a Box’ over social media to solicit  donations so we can buy aerosol boxes for hospitals,” he said.  These aerosol boxes are made of transparent acrylic material and placed over the head of the patient. The box created a separation between the doctor and the patient.  From March to April, Bryan’s group distributed 45 aerosol boxes to 16 hospitals in Metro Manila, Bulacan, Cavite, and Ilocos.  For 25-yearold employee and entrepreneur Patty Vasquez, it was seeing the elderly struggle during the pandemic that made her decide to do something to help.  “I started my branded shoe business (www.PAVPH.com) in 2019,” shared Patty. “I do it online so that I can still be fully employed at Insular Life,” she confessed.  “Yung business ko kapag kumikita ng malaki tumutulong kami sa iba. Lalo na ngayong pandemic, kailangan tumulong sa kapwa,” she said.  Patty explained that shoes and heels are not essential goods. “What our people need are food, water, and medicine,” she said.  “During the lockdown nag sale ako online and I called it ‘Shop For a Cause’. I promoted it on my FB and on my IG. All the proceeds of my April sales were donated to the most vulnerable families in Sta. Rosa (Laguna) and to frontliners like policemen and Barangay workers. Kasi sila yung mga nasa labas,” she said.  With proceeds from ‘Shop for a Cause’ and her personal money from her mid-year bonus, Patty was able to buy stocks of noodles, canned goods, biscuits, rice, water, and medicines for 200 senior citizens and frontline workers.   Pledge to Protect After the success of ‘Pledge a Box’, Bryan and his group launched another project called ‘Pledge to Protect’.  “Medical workers were pleading for personal protective equipment (PPEs). That became our next project.” Bryan shared.  Through sustained social media drive, solicitations, and family contributions, Bryan’s group collected P175,000 which they used to buy 450 PPEs, disposable shoes, and caps for hospitals in Laguna.  Asked why millennials like them embarked on a selfless act for others, both Bryan and Patty credit the example they witnessed at work.   “We are part of the bigger community. We must be aware. Not only sa ganitong situation dahil ang mga Filipino ay laging handang tumulong,” Bryan said. Patty added: “Na-inspire ako lalo noong nag volunteer ako sa Insular Foundation. It is about giving back. Iyong humanitarian heart ni InLife is aligned with my goals as a person.” Both Bryan and Patty are volunteer-employees of Insular Foundation.  Ida Jacob helps her agents cope with the new normal. Ida’s story  While Bryan and Patty took care of senior citizens and frontline workers during the pandemic, another InLifer took on the care of the people under her.  Ida Jacob, who started her insurance career as an InLife employee in 1988, turned out to become one of InLife’s most successful agency leaders.  Graduating Summa Cum Laude at the Colegio de Sta. Isabel (now Universidad de Sta. Isabel) in Naga City, Ida first ventured into the world of the academe. But her father, at that time already a seasoned and successful insurance agent, urged her to try InLife. After years of prodding from her father, she relented. “I was hired as a trainer. Later I was transferred to sales. After about four years, I was promoted as district manager and later on as agency leader,” Ida recalled with fondness.  Ida said she that from that time on, she has devoted her time, energy and talent to honing the skills of financial advisors, especially more so, during this period of the pandemic. “I want all my agents to be able to adopt, all my leaders, all my advisors dapat lahat sila makasabay. I need to sustain their morale, their motivation, monthly, weekly, kung pwede, kahit daily,” she said.  Ida admitted that caring for her agents is a role she takes to heart. “I don’t control the minds of my agents, but hopefully by my actions and example, I can inspire them.” It is what she hopes to achieve for her Company, InLife. “It’s Filipino! InLife is invested in our own country because we do not repatriate income to a mother company abroad. If they should get insured, it should first be by a Filipino,” she said. For more inspiring stories on resiliency, hope, and overcoming the pandemic, please visit: https://www.insularlife.com.ph/news/insular-life-highlights-filipinos-resilience-and-hope-473

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SM 3 DAY SALE - NOVEMBER 28-30

November 24, 2020

Need gifts for everyone on your list? Shop for the holidays at #TheSMStore's 3-Day Sale this November 28, 29, and 30! ✅ Up to 50% off on selected items ✅ Extra 10% discount with your SMAC Prestige or SMAC* ✅ More discounts for BDO credit cardholders Shop via #SMCallToDeliver, call #143SM (#14376) or join us on Viber (bit.ly/JoinSMViber).   *With a minimum P3,000 single-receipt purchase on November 29 and 30 Per DTI Fair Trade Permit No. FTEB 107910, Series of 2020

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Coca-Cola Partners with Unilever to Protect Communities from Covid-19

November 24, 2020

MANILA, NOVEMBER 20, 2020 – Coca-Cola Beverages Philippines, Inc. (CCBPI)—the bottling arm of Coca-Cola in the country—and consumer goods manufacturer Unilever Philippines have teamed up to promote proper handwashing in communities across the Philippines, with the goal of strengthening the country’s collective campaign to mitigate the spread of COVID-19.  CCBPI and Coca-Cola Foundation Philippines (CCFPI) will be installing 37 handwashing stations across the Philippines, specifically in high-traffic locations such as public markets and terminals. Half of the total funding was drawn from proceeds from the 2019 Coca-Cola Charity Golf Classic, where Coca-Cola had raised over Php 3 million from sponsor pledges.  “Supporting local communities has always been an integral part of our operations,” said Gareth McGeown, CCBPI President and Chief Executive Officer. “We are committed to the efforts to protect communities from COVID-19, particularly through creating safer and healthier spaces for Filipinos. We are proud to have found a partner in Unilever who share the same goal." Unilever Philippines will be providing Lifebuoy soap for one year and will help develop information and education campaigns to promote proper hygiene through handwashing—which remains one of the simplest and most effective lines of defense against the coronavirus. “We remain focused on helping Filipino families rebuild communities and livelihoods across the country. We thank Coca-Cola and all the local government units involved for this opportunity to show our Malasakit culture of Sama-Sama, Tulong-Tulong as we continue the call to make proper hand hygiene commonplace for all Filipinos through Lifebuoy,” shares Benjie Yap, Chairman and CEO of Unilever Philippines.  The first batch of handwashing stations to be completed this 2020 covers ten public areas in Luzon, six in the Visayas, and four in Mindanao—including public markets, transportation terminals, and plazas. Coca-Cola targets to complete all installations by early 2021.  A collective effort toward safer public spaces CCBPI has also pledged to ensure the project’s sustainability by covering the maintenance costs of the stations for a year. Stakeholders in local government, meanwhile, are tasked to monitor the security, cleanliness, and proper disposal of water outflow through existing drainage systems. “We are steadfast in our promise to foster stronger partnerships with our local partners and stakeholders, especially during these difficult times,” said Cecile Alcantara, CCFPI President. “With all our partners’ active participation in promoting proper handwashing and equipping communities with multiple handwashing stations, we are able to work together towards a more impactful approach in creating better and safer environments for our communities.”  Importance of handwashing in preventing spread of COVID-19 CCBPI and Unilever strengthens the initiative through the implementation of an information, education, and communication (IEC) campaign to emphasize the importance of proper handwashing, co-developed with Unilever through its top global hygiene brand Lifebuoy for local government units. The COVID-19 pandemic reinforces the importance of proper handwashing, which contributes greatly to the prevention of health risks via contact transmission of the virus. In the country, about 3.3 million households or 14.7 million Filipinos may not be able to comply with proper hand hygiene guidelines due to the absence of handwashing areas or lack of soap and usable water. Given this, the two-pronged approach of educating people on the importance of proper handwashing and the installment of necessary facilities is crucial to keeping communities safer.  CCBPI's partnership with Unilever is one of the initiatives undertaken by the bottling company to provide its stakeholders with much-needed support during the pandemic. Earlier in 2020, Coca-Cola in the Philippines pledged Php150M toward COVID-19 efforts—through this, the Company was able to provide over 2 million liters of Wilkins water to frontliners and communities, as well as PPEs to medical workers. More recently, the Balik Pinas Program launched in September seeks to provide returning OFWs with business opportunities to help them rebuild and restart.  This partnership aligns fully with Unilever’s Malasakit for All, a program to support employees, partners, and communities – rapidly launched in March 2020. Among the initiatives included are provision of more than P100M worth of Unilever hygiene relief packs, PPEs, RT-PCR test kits, and medical ventilators to hospitals, NGOs, and affected groups nationwide. Lastly, the company also repurposed local manufacturing lines to produce Lifebuoy hand sanitizers to help Filipino communities in preventing the spread of diseases through proper hand hygiene.  Amid this global crisis, CCBPI and Unilever remain committed to exhibit purpose in action by creating meaningful initiatives for its people and for Filipinos nationwide. About Coca-Cola in the Philippines Coca-Cola has been refreshing Filipinos and making a difference in the Philippines for 108 years. The Philippines was Coca-Cola’s first market in Asia to begin local bottling operations. Today, the Coca-Cola system in the Philippines has evolved into a total beverage company, offering 19 brands in its beverage portfolio and employing over 10,000 Filipinos in over 19 manufacturing facilities and more than 60 distribution centers nationwide. As part of its long-standing commitment to the country, Coca-Cola continues to #GOBEYONDGOOD as a business by continuously supporting safe water access programs in over 200 communities, empowering over 200,000 women entrepreneurs through training and peer mentoring, and accelerating packaging collection and recycling under its global World Without Waste initiative. About Unilever Unilever is one of the world’s leading suppliers of Beauty & Personal Care, Home Care, and Foods & Refreshment products with sales in over 190 countries and reaching 2.5 billion consumers a day. Over half of the company’s footprint is in developing and emerging markets. Unilever has around 400 brands found in homes all over the world, including Axe, Breeze, Dove, Knorr, Lady’s Choice, Magnum, Rexona, Selecta, Sunsilk, and Surf.  Since 2010 we have been taking action through the Unilever Sustainable Living Plan to help more than a billion people improve their health and well-being, halve our environmental footprint and enhance the livelihoods of millions of people as we grow our business.    

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The Merriment Continues with foodpanda’s Merriest Deals Promo

November 21, 2020

Get on full holiday spirit (and appetite) with plenty of discounts this month There’s no such thing as celebrating too early or having too much holiday spirit. As part of foodpanda’s kumukutikuti-TAP Christmas weekly surprises, the merriment continues with 20% off and more on food you love. Celebrate the holidays with the country’s on-demand delivery service as they give you their Merriest Deals-- no minimum order, no code needed, delivered in 25 minutes or less. Enjoy whatever you feel like having with thousands of featured restaurants, all complete with offerings available at discounted rates. Whether it’s your favorite breakfast combo of chicken and waffles or afternoon milk tea fix, and even late-night ramen craving, this month-long promo is a great opportunity to give yourself and loved ones a holiday treat. “Christmas in the Philippines is not complete without delicious and sumptuous meals. We, at foodpanda, want to ease the hassle and deliver your favorites straight to your door with 20% off and more through Merry Deals of the kumukutikuti-TAP Christmas weekly surprises,” says Daniel Marogy, foodpanda Philippines Managing Director. “We still have lots more up our sleeves in the coming weeks to make this year’s Christmas festive and enjoyable with bountiful selections of your favorite meals available on the best deals.” As an additional gift this Christmas, foodpanda is on free delivery on thousands of select restaurants when you use the code PANDAMORNING from 7AM-10AM, just in time for breakfast. Customers can also get P77 off when they use the code PANDA77 for a minimum order of P299 from 7pm to 7am, perfect for dinner and  midnight snack cravings. For more information and updates about foodpanda's Merry Deals and the kumukutikuti-TAP Christmas campaign , visit foodpanda’s Facebook, Twitter, and Instagram (@foodpanda_ph) account or look out for the pink tags on the foodpanda app. About foodpanda: foodpanda is dedicated to bringing food lovers their favorite meals from curated local restaurants in the Philippines. Since its creation, the on-demand food delivery service has grown to more than 170,000 partner restaurants in more than 325 cities across 13 Asian and Central Europe foodpanda Philippines currently operates more than 50 cities across the Philippines anc continuously expanding. foodpanda is a subsidiary under Delivery Hero, a worldwide leader of the food delivery industry. For more information visit www.foodpanda.ph

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foodpanda celebrates 1st Anniversary in CDO: Hooray for Free Delivery and up to 20% Discounts!

November 19, 2020

In celebration of foodpanda’s 1st anniversary in Cagayan De Oro and the holiday season in full swing, there’s no better time than now to have everything you need from food to goods delivered to you all in one go.  That’s why this week, foodpanda invites you to experience the best of both worlds with free delivery starting this November 19 to 21, and up to 20% off on all orders in selected restaurants. No code and no minimum order required. Available in Cagayan De Oro from November 19 to 21. “We are truly grateful for the participation of CDO’s finest brands. Aside from value-for-money offerings curated for them, the free delivery promo is valid for both restaurants and shops, just in time for the holidays” says foodpanda Philippines Managing Director Daniel Marogy.   Following a decade of unrestrained growth, foodpanda continuously aims to add more partners so you don’t have to run to the restaurant for a bite of your favorite dishes or step out of the house just to purchase your groceries on time. Find comfort at home today as you sit and wait for all your orders--- download the app now for food and more delivered at your door.  About foodpanda: foodpanda is dedicated to bringing food lovers their favorite meals from curated local restaurants in the Philippines. Since its creation, the on-demand food delivery service has grown to more than 170,000 partner restaurants in more than 325 cities across 13 Asian and Central Europe foodpanda Philippines currently operates more than 50 cities across the Philippines anc continuously expanding. foodpanda is a subsidiary under Delivery Hero, a worldwide leader of the food delivery industry. For more information visit www.foodpanda.ph How it works: Through the foodpanda website or via the new iOS and Android apps, customers can enter their address and view a curated list of restaurants and shops serving their neighborhood. Once they have found their choice, they can place an order in the comfort of their home or office, paying online through foodpanda’s secure platform or via cash-on-delivery The order is then carefully prepared by the restaurant or shop, picked up by the foodpanda rider and delivered straight to their doorstep. Follow us on: Facebook: foodpandaphilippines Twitter: foodpanda_ph Instagram: foodpanda_ph  

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