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About Town | Sun Life Grepa Reaches 2.9 Million Lives and Posted a Healthy Income Growth in 2019

Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the Philippines' top life insurance companies, opens 2020 with a most promising outlook as it continues its 2019 streak of successes, foremost of which is helping protect 2.9 million Filipino lives.

With this achievement, Sun Life Grepa exceeded its five-year target of 2.5 million lives, which it set out to achieve by 2020. On top of this, Sun Life Grepa also marked a 48% increase in net income, and 22% increase in its agency force.

“All these achievements were driven by our commitment to the Filipino people. We were especially inspired in 2019, as we celebrated our company’s 65th anniversary,” says Richard Lim, Sun Life Grepa President. “This 2020, we have the momentum to aim for more, as we strive to provide our clients with new ways of growing and protecting their goals with us. It is always by listening to their needs that we are able to continue providing such levels of service.”

Meanwhile, other initiatives launched were the Sun Grepa PH app, as well as its online client portal, My Sun Life Grepa. Both channels will afford Sun Life Grepa's clients more convenience in managing their policies.

The company also launched several products, namely: Sun Grepa Senior Care, a health protection plan that provides coverage to those in their pre-retiree and retiree stages; Sun Grepa Power Builder 100, a Variable Universal Life (VUL) Insurance plan that offers a combined benefit of insurance protection and investment with coverage until age 100; and Sun Grepa Peso Asset Builder, a limited-offer VUL Insurance plan that provides easy access to global investment opportunities. Along with these, two new VUL fund options were also added: SLG Global Growth Fund is available through Sun Grepa Power Builder Dollar 1, while SLG Money Market Fund is available through any of Sun Life Grepa’s peso-denominated VUL Insurance plans for fund switching/transfer. 

Sun Life Grepa revitalized several of its sales offices, with more scheduled to follow suit this year onwards.

“We look forward to reaching more Filipinos,” says Lim. “In the years to come, we will continue to meet our commitment to help Filipinos build and protect their dreams through life and health protection as we continue to become their partner beyond a lifetime.”