Singapore Life Philippines Inc. (Singlife PH), in spite of everything, will launch its product line, adding the COVID-19 policy, this week after months of delays.
Hermans also told the Inquirer that they would provide Singlife PH’s first insurance: COVID-19 and dengue.
Last May, Hermans said they had to take into account the preparation of their local spouse amid the then very strict blockade of COVID-19 imposed on Luzon and other parts of the country with a higher number of infections.
Hermans refers to the joint venture between fintech insurer Singapore Life Private Ltd. and the conglomerate Aboitiz Equity Ventures (AEV) to shape the local subsidiary, in which Singlife’s partners, Di-Firm and AEV, had 20% and 15% respectively.
Singlife PH has invested 1. 2 billion pesos in the Philippines in the past, one of the first markets where its parent company has grown in Southeast Asia.
As a startup, Singlife PH will offer products and in virtual space.
Given its virtual platform, Singlife PH would not hire agents, “even though we plan to work with retail agents in the future,” Hermans said earlier. — Ben O. de Vera INQ
The Inquirer Foundation supports our leaders in the fitness sector and still accepts donations of money to be deposited into the Golden Bank Current Account (BDO) – 007960018860 or to make a donation through PayMaya this link.
We use cookies for the most productive enjoyment on our website. By continuing, you are satisfied with our use of cookies. For more information, click this link.