MANILA, Philippines - PhilPlans First Inc. (formerly Philam Plans Inc.) has appointed Generali Pilipinas Life Assurance Co. (Generali Pilipinas) to cover its new plan holders’ credit group life and term insurance coverage.
Last year, the Philippines First Insurance Co. Inc. (PhilsFirst Insurance) and Systems Technology Institute Inc. (STI) took ownership of PhilPlans from the Philippine American Life and General Insurance Co. (Philamlife) in a share sale agreement.
With more than P32 billion in its trust fund, PhilPlans provides innovative pension, education and life plans. Generali Pilipinas is a joint venture between global insurer Generali Group, Jerneh Asia Berhad – a member of the Kuok Group, and Banco de Oro Unibank Inc., the financial services flagship of the SM Group of Companies.
Generali Pilipinas is one of the country’s leading providers of insurance solutions such as protection, education, savings, retirement, and employee benefits.