Philippine Prudential Settles Million-Peso Claim to Group Client

Photo above shows Philippine Prudential Chief Operations Officer Daniel D. Mercado III (right) handing over the claims check to Ms. Leonisa C. Rana, President of LCR Remarkable Management and Insurance Services.  

Manila, Philippines – The Philippine Prudential Life Insurance Company, Inc. (Philippine Prudential) recently settled a 1.5 Million Peso claim to LCR Remarkable Management & Insurance Services, the employees of which are covered by the Company under its Care Group Product, a yearly renewable-term group insurance policy, and a Group Accidental Death and Dismemberment (GADD) plan.   

Since its establishment in 1963, Philippine Prudential has remained steadfast in its commitment to protect Filipino families everywhere.  For the year 2013, the Company recorded 164 Million Pesos in Total Claims Paid — a testament to its continued capability to meet its financial obligations to its Policyholders, now totaling over 1.8 million.