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10 September 2021
MANILA, PHILIPPINES; 10 September, 2021 – AIA Philippines was recently recognized twice for two of its corporate social responsibility (CSR) initiatives at the 6th Insurance Asia Awards, a prestigious awards giving body which recognizes the best insurers from around 25 countries in the region who have developed solutions and delivered exceptional value to its stakeholders.
AIA Philippines received the Insurance Initiative of the Year award for its pioneering project, the Frontliners Inclusive Risk Safety neT (FIRST) Initiative, which provided a compassionate death benefit of up to PHP 50,000 to medical frontliners and patient-facing hospital staff from April to August 2020.
The Company, through Philam Foundation Inc., its corporate social responsibility arm, also won the Education Insurance Initiative of the Year award for the development of an elective subject for graduating students called Personal Finance 101: My Peso and I. The three-unit course on financial literacy for the tertiary level was designed in partnership with six government agencies including Banko Sentral ng Pilipinas, the Insurance Commission, and the Commission on Higher Education.
These are the Company’s first awards since its rebrand to AIA Philippines last month.
In the photo are: (from left) Max Ventura, Philam Foundation President, Tim Charlton, Insurance Asia Managing Director and Editor-In-Chief, and Leo Tan, AIA Philippines Chief Marketing Officer.
Know more about AIA Philam Life by visiting their website at aia.com.ph, Facebook page at https://www.facebook.com/AIAPhilippines/, emailing firstname.lastname@example.org or calling (02)8528-2000.
About AIA Philam Life
AIA Philippines (AIA Philippines Life and General Insurance Company), formerly AIA Philam Life (The Philippine American Life and General Insurance Company), is the country’s premier life insurance company. Originally established on 21 June 1947 as Philam Life, AIA Philippines has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises.
AIA Philippines has PHP291.63 billion in total assets and PHP80.20 billion in net worth as of 31 December 2020, while serving over 800,000 individual policyholders and almost 1,000,000 insured group members.
AIA Philippines understands the needs of its customers and provides holistic solutions that include life protection, health insurance, savings, education, retirement, investment, group, and credit life insurance. It also offers bancassurance and fund management products and services through its subsidiaries—BPI-Philam Life Assurance Company (BPLAC) and Philam Asset Management Inc. (PAMI).
Based on the Insurance Commission results as of 31 December 2020, the combined total premium income of AIA Philippines and BPLAC was at PHP33.06 billion.
AIA Philippines is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Mainland China, Hong Kong SAR(1), Thailand, Singapore, Malaysia, Australia, Cambodia, Indonesia, Myanmar, the Philippines, South Korea, Taiwan (China), Vietnam, Brunei, Macau SAR(2), New Zealand, a 99 per cent subsidiary in Sri Lanka, and a 49 per cent joint venture in India.
The business that is now AIA was first established in Shanghai more than a century ago in 1919. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$291 billion as of 30 June 2020.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 36 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).
Abbie L. Remo
Corporate Communications and PR Lead