Philippine Prudential Settles Claim to OFW Family

Photo above shows Philippine Prudential Chief Operations Officer Daniel D. Mercado III (left) and Philippine Prudential Chief Finance Officer Jose Noel D. Mercado (rightmost) handing over the check to the beneficiaries of the insured.   

Manila, Philippines – The Philippine Prudential Life Insurance Company, Inc. (Philippine Prudential) recently turned over a death claim to the family of an Overseas Filipino Worker who unexpectedly 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 has remained steadfast in its commitment to protect Filipino families everywhere, including those in the OFW community.  Last year, the Company paid out a total of 164 Million Pesos in claims — a testament to its continued capability to meet its financial obligations to its Policy holders, now totaling over 1.8 million.