Sun Life Grepa Financial, Inc. (Sun Life Grepa) and the Yuchengco Group of Companies (YGC), through its flagship bank the Rizal Commercial Banking Corporation (RCBC), marked the extension of their bancassurance partnership with a commemorative signing event.
The joint venture aims to provide clients with financial planning and guidance, life and health insurance products, and insurance benefit offerings. The partnership received early approval for renewal.
“Renewing and strengthening the successful bancassurance partnership of RCBC and Sun Life Grepa is not only an affirmation of a sustainable joint venture but also an expression of commitment and service to the Filipinos as they navigate financial wellness and protection in this modern day and age,” Richard S. Lim, President of Sun Life Grepa, states.
“We are honored to extend this fulfilling partnership as the financial landscape evolves with digital advancement and more demanding customer needs. Our track record shows that this strategic partnership benefits customers and significantly impacts their lives in terms of financial wellness,” Eugene Acevedo, President, and CEO of RCBC adds.
The ceremonial signing of the partnership renewal was attended by the Sun Life Group including Kevin Strain (Global CEO, Sun Life), Manjit Singh (Executive Vice-President and Chief Financial Officer, Sun Life), Ingrid Johnson (President, Sun Life Asia), Jose Isidro Camacho (Chairman of the Board, Sun Life), Benedict Sison (Chief Executive Officer and Country Head of Sun Life Philippines), Richard S. Lim (President, Sun Life Grepa), Joy Castillo (Chief Operating Officer, Sun Life Grepa), Cynthia Nono (Vice President for Bancassurance, Sun Life Grepa) and was also graced by Yuchengco Group of Companies (YGC) and RCBC representatives led by Helen Y. Dee (YGC Chairperson), Lorenzo Tan (CEO, House of Investment), Eugene Acevedo (President, RCBC), Jane Mañago (First Senior Vice President, RCBC), Arniel Ong (President, RCBC Bankard) and John Thomas Deveras, (Senior Executive Vice President, RCBC).
Since the initial bancassurance partnership was signed in 2011, the two companies in the bancassurance business have marked several milestones in their mission of providing more Filipinos with access to financial protection products through the strength of the RCBC network nationwide.