OFW family death claim

MANILA, Philippines - The Philippine Prudential Life Insurance Co. Inc. (Philippine Prudential) turned over recently a death claim to the family of an overseas Filipino worker who passed away while abroad. The insured had purchased a LABB Plus product, an affordable yearly renewable term insurance, at one of the company’s retail sales offices in 2012. Since its establishment in 1963, Philippine Prudential paid out a total of P164 million in claims — a testament to its continued capability to meet its financial obligations to its policyholders, now totaling over 1.8 million. Photo shows Philippine Prudential chief operations officer Daniel D. Mercado III (left) and Philippine Prudential chief finance officer Jose Noel D. Mercado (right) handing over the check to the beneficiaries of the insured.