Eternal Plans gets operating license

MANILA, Philippines - Eternal Plans Inc. received its certificate of registration and license from the Insurance Commission (IC), as a pre-need company authorized to sell life, fixed value education and pension plans until Dec. 31, 2011. Deputy Insurance Commissioner Vida T. Chiong was the signatory of the certificate. The issuance of the license last Dec. 10 makes Eternal Plans the first pre-need company to receive its license to sell for the coming year,” Elmer Lorica, president and chief operating officer of Eternal Plans, said. Eternal Plans is a member of the Eternal Group of Companies headed by Ambassador Antonio L. Cabangon Chua, chairman emeritus and founder.