British life insurer Pru Life UK, the pioneer and current market leader of unit-linked or investment-linked life insurance products, has launched seven new offices in Luzon and Mindanao thereby increasing its presence in key parts of the country.
Following the opening of its three new sales offices in Metro Manila and Cebu during the first half of the year, the Company inaugurated Belleza BDT Life Insurance Agency Inc. in Sta. Rosa, Laguna; Escosia Life Insurance Agency, Inc. and Chrysanthemum Life Insurance Agency, Inc. in Biñan, Laguna; JF General Insurance Agency Inc. (expansion office) in Sto. Tomas, Batangas; and JF General Insurance Agency Inc. (expansion office) in Fairview, Quezon City.
Belleza BDT Life Insurance Agency – situated at Cluster 2 Brusmick Place, Balibago Road corner RSBS Blvd., Sta. Rosa City, Laguna – is headed by Unit Managers Edel R. Belleza and Teodora Carmela A. Demonteverde. Aside from servicing clients, the office also holds life stage planning sessions for clients and rigorous trainings for aspiring life insurance agents. Ms. Belleza related, “As we share the mission of financial preparedness and security, we become instruments in changing people’s lives.”
Meanwhile, Escosia and Associates’ latest extension, located in Units B 305-307, 3rd Flr. Coral Center, Southwoods City, Biñan, Laguna, is led by Branch Manager Leonida E. Escosia who shared that they’re bullish on business in the location, as Southwoods City is poised to become the next central business district in Southern Metro Manila.
Also located in Biñan is Chrysanthemum Life Insurance Agency, led by Branch Manager Elizabeth B. Tan. According to Ms. Tan, the significant amount of foot traffic in the area is one of the main reasons why the site was chosen. Specifically, the office is situated at SAP Building, NEPA National Highway, San Vicente, Biñan, Laguna.
Moreover, two JF General Insurance Agency expansion offices were established under the leadership of Area Manager George H. Buncayo. The first one – located at 3/F, Metrobank Building, Maharlika Highway, Pob. II Sto. Tomas Batangas – is co-managed by unit Manager Christian Viñas, while the second– situated at Fairview Square Lot 21 Block 2, 2nd Floor, Unit 11 Don Mariano Marcos Avenue, Fairview, Quezon City – is co-owned by Branch Manager Anna Lilia P. Gutierrez.
“From our viewpoint, it was very strategic to open offices in both the northern and southern parts of the Greater Manila Area. This way, we have a wider reach,” asserted Mr. Buncayo.
For her part, Senior Vice President and Chief Agency Officer Divine Furagganan said, “We are pleased to share that we were able to grow our agency force at such a fast pace this year. By further establishing our presence in these key areas, we are staying true to our Company’s mission to build a more financially-empowered Philippines.”
In Mindanao, Pru Life UK launched two agencies namely, VGM 888 Life Insurance Agency Corp. in Davao City and China Gold Insurance Group General Agency Inc. in Cagayan de Oro City.
Pru Life UK’s expansion in various locations across the country validates the Company’s legacy which it has built for 20 years in the Philippines. In 1996, the Insurance Commission granted the British subsidiary the license to operate and sell life insurance in the country. Since then, Pru Life UK has expanded its reach to over 80 branches in the Philippines, with the biggest life agency force at 14,000 licensed agents, and has emerged as one of the top five life insurers.