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PHILPLANS FIRST, INC.
Transcript of PHILPLANS FIRST, INC.
PhilPlans is one of the leading financial solutions company in the Philippines providing innovative pension, education, and memorial programs that build financial preparedness for the future. Registered with the Securities and Exchange Commission (SEC) on April 19, 1989, PhilPlans was launched on October 12, 1989.
In October 2009, Philippines First Insurance Company, Inc. (PhilFirst Insurance) and Systems Technology Institute (STI) took over ownership of PhilPlans from the Philippine American Life and General Insurance Company (Philam Life).
Under the new leadership, PhilPlans has renewed its commitment to help hard-working Filipinos prepare for their future financial needs. It continues to be a formidable player in the industry with its comprehensive product suite, management expertise and sound financial practices.
In 2012, PhilPlans recorded Php1.6Bn in Net Income and a Trust Fund of Php41.3Bn making it one of the most stable financial planning companies among its peers.
STABILITY AND GROWTH
PhilPlans operates with a Trust Fund of Php41.3B and paid up capital of Php700M. This assures its more than 500,000 planholders of PhilPlans’ stability and commitment to deliver on its promise of providing financial stability for their future needs for many years to come. The fund represents the future obligations of PhilPlans to its planholders and the conservatism by which PhilPlans manages its investments is a testament to the company’s commitment in making sure that the planholders’ welfare comes first.
PhilPlans also operates with 57 branches nationwide and sales associates that number more than 6,000.
LAWS AND REGULATIONS
Authority of Insurance Commission
Organization, Licensing and Management
Default and Termination
Actuaries by Planholders
Report and Examination of Financial Statements, Trust Fund, Records
Financial Accounting Standards
Suspension or Revocacy of Authority
Conservatorship Proceeding upon Insolvency
To be the trusted partner of Filipinos in their financial journey as they prepare for their future needs through insurance solutions.
We are committed to making a difference in the financial journey of hard-working Filipinos through products and services that allow them to plan for their future needs.
PURPOSE WHY THE CORPORATION WAS ORGANIZED
To provide financial security programs and services.
To provide beneficial products and excellent services to planholders, sales partners, and employees
To secure Filipino Families through planning programs and services.
STI Investments, Inc. is the investment arm of the Systems Technology Institute. STI is a 27- year old respected educational institution in the Philippines today. It has one of the largest networks of schools nationwide consisting of 90 tertiary campuses located in every major urban center in the Philippines with more than 60,000 students.
Established in 1906, Philippines First Insurance Co., Inc. is the first Filipino domestic non-life insurance company that provides a wide array of non-life insurance coverage to individuals and corporations.
Philippine Life Financial Assurance Corporation offers life insurance services. The company also provides financial assurance for public school teachers. The company was formerly known as AsianLife Financial Assurance Corp. and changed its name to Philippine Life Financial Assurance Corporation in June 2012. The company is based in Makati, the Philippines. As of May 31, 2012, Philippine Life Financial Assurance Corporation operates as a subsidiary of STI Investments Inc.
PWU is a non-stock, non-profit, non-sectarian educational institution that promotes Christian education and inter-faith ecumenism in the character formation of our learners, with emphasis on the PWU Core Values of spirituality and ethical professionalism, cultural heritage and leadership in women's education, and professional competencies for global citizenship toward sustainable development.
PhilhealthCare, Inc. (PhilCare), offers a multi-service health care program that makes available to its clients a comprehensive health care benefits package that provides quality health care services at a cost-efficient price. The benefits package of PhilCare includes preventive as well as curative services, ensuring its members of one of the most complete coverage programs available today.
PhilCare is a member of the Philippines First Group of Companies, which is led by the the Philippines First Insurance Company (PFIC). Established in 1906, PFIC is the very first Filipino-owned domestic non-life insurance company in the country. PFIC's solid financial footing and vast experience in more than a century of existence make it one of the country's leading and well-established insurance companies today.
PhilCare is owned by STI Investments, Inc., a holding company whose notable stockholders include STI Education Services Group, Inc. (formerly Systems Technology Institute, Inc.) and PFIC.
PhilCare is proud of Php 881 million total assets and Php 212 million stockholders' equity. With earned revenue for 2011 reaching over Php 1.3 billion, a client base of over 200,000 members, and around 1,000 corporate accounts, PhilCare is unquestionably one of the top health care service providers in the country.
As a health maintenance organization (HMO), the company's mission is to provide excellent health care service to its members and is committed to ensure the constant improvement and development of its products and services and consistently meet the ever increasing demands for health care services in the Philippines.
STRENGTHS OF THE COMPANY
PhilPlans’ pre-need liabilities are covered by its professionally managed Trust Fund at Php 36 Billion, the largest in the pre-need industry, which is more than enough to fulfill its promises of security to its more than 300,000 planholders for many years to come. More than 80% of this fund is placed in highly liquid investments, such as government securities and short term deposits.
PhilPlans’ strength is backed up by its Php700 Million in Paid-Up Capital- significantly larger than the minimum regulatory requirement for pre-need companies in the Philippines.
For the year 2010, PhilPlans has promptly paid more than Php2 Billion in total plan benefits to its planholders with Php680 Million in Education and more than Php1.3 Billion in pension benefits.
WHAT MAKES PHILPLANS DIFFER FROM OTHER CORPORATIONS?
PhilPlans has the most stable and largest trust fund in the pre-need industry with PHP 36 Billion pesos. PhilPlans has products which are flexible and have the most comprehensive programs.
DEFINITION OF TERMS
or issuer means any corporation registered with the Commission and authorized/licensed to sell or offer for sale Pre-Need Plans. A Pre-Need Company may be a single plan (selling one type of Pre-Need Plan) or multi-plan (selling more than one (1) type of Pre-Need Plan).
are contracts which provide for the performance of future service/s or payment of future monetary consideration at the time of actual need, payable either in cash or installment by Planholders at prices stated in the Contract with or without interest or insurance coverage and includes life, pension, education, interment, and other plans which the Commission may from time to time approve.
means any person, natural or juridical, who purchases Pre-Need Plans for whom or for whose beneficiaries future services and/or payments are to be rendered or made at the time of need or for whom or for whose beneficiaries payment/benefits are to be delivered as stipulated and guaranteed by the Pre-Need Company at the time of need or maturity of the Contract. The term includes the assignee, transferee, and any successor in interest of such Planholder
• Trust Fund means a fund set up from Planholders’ payments, separate and distinct from the paid-up capital of a registered Pre-Need Company, established with a Trustee under a trust agreement approved by the Commission, to pay for the Benefits as provided in the Pre-Need Plan.
Corporate Head Office
Corporate Head Office
12F iACADEMY Building
6764 Ayala Avenue
1226 Makati City
Trunkline Number: (02) 802-7300
All PhilPlans Branches are open: 9:00am - 5:00pm (weekdays) / 9:00am - 12:00pm (Saturday)
PhilPlans Galleria: 12:00pm to 6:00pm (weekdays) / 12:00 to 3:00pm (Saturday)
10F Times Plaza, UN Ave. cor Taft Ave., Ermita, Manila
3rd Flr. Dianne Building, No. 746 Rizal Avenue Ext. Grace Park, Caloocan City
2/F Crownlink Bldg., Regalado Ave., North Fairview, QC
2nd Floor, RCS Arcade 2 Bldg. Alabang-Zapote Road, Pamplona, Las Pinas City
3/F Philamlife Bldg., Aurora Blvd., Cubao, Quezon City
2/F iACADEMY Bldg., 6764 Ayala Avenue, Makati City
Basement 2, Robinsons Galleria, Ortigas, Pasig City
G/F Unit 105 to 108 & Unit 302, J&F Bldg. II, V.V. Soliven Ave. 3, Cainta
4th Flr, E. S. Clemente Building, Shanum St. corner Otek St. corner Lake Drive Burnham Park, Baguio City
Units 2 & 3 Basilio F. Fernandez Bldg., # 359 Perez Boulevard, Dagupan City, Pangasinan
2/F Flr Kenny Plaza, Quezon Avenue, San Fernando City, La Union
2/F AMWSLAI Bldng., Gen. Segundo Avenue, Laoag City, Ilocos Norte
2/F Marinella Complex,Govantes Dike, Bantay, Ilocos Sur
2/F NPM and MRA Bldg., National Highway Victory Norte, Santiago City
2/F Las Vegas Bldg., Rizal Avenue Cauayan City, Isabela
Upper Ground Floor, Red Square Bldg., Rizal St., Tuguegarao City, Cagayan
2/FS & PNorthBuilding, Brgy. Nancayasan, MacArthur Highway, Urdaneta City, Pangasinan
2/F Santimer Urmaza Bldg. Calle Rosa St., Poblacion South Solano, Nueva Vizcaya
2/F Philamlife Bldg.,Calle Del Pilar, Cabanatuan City, NE
2/F D&E Bldg., V. De Dios St., Baliuag, Bulacan
UG/F Angeles Business Center, Nepo Mart, Angeles City
San Fernando, Pampanga
2/F Philamlife Bldg., V. Tiomico St., San Fernando City, Pampanga
2/FUS Bldng., Barangay Sto. Cristo, Mc. Arthur Highway, Tarlac City
2/F FC Building, Km. 40 McArthur Highway, Sumapang Matanda, Malolos City, Bulacan
2/F Sunrise Building, J.P. Rizal St., Poblacion, Balanga City, Bataan
2/F Winrock South Bldg., P. Burgos St., cor Evangelista St., Batangas City
2/F Farcon Building Rizal Ave cor. Lopez Jaena St.,San Pablo City, Laguna
2/F St. Martin Square P. Guevara Ave., Sta. Cruz, Laguna
4/F MVL Bldg., Brgy Paninsingin, Lipa City
2/F AQC Building Enriquez St. Corner San Fernando St. Brgy. VI, Lucena City
2/F Tower Bldng., 2 Landco Business Park, Legaspi City
Sta. Rosa Cluster
2-22 Brusmick Estates, Lot 1 Balibago Road corner RSBS Blvd., Balibago, Sta Rosa City, Laguna
2/F Unit A, RJVA Building, Sampaloc 1, Pala-pala, Aguinaldo Highway, Dasmariñas, Cavite
3/F Traders Square Bldg., P. Burgos St., Naga City
2/F Units II-B & II-C, Panaligan Building, M.H. Del Pilar cor. Fallarme Streets, Barangay San Vicente East, Calapan City, Oriental Mindoro
2/F Rainbow Bldg., Rosero St., Masbate City
Cagayan de Oro
G/F Philippines First Insurance Bldg., Aguinaldo cor JR Borja St. Cagayan de Oro City
3/F FTC Medical Tower, 1034 Mt. Apo St., Davao City
3/F Romeo Lim Bldg., Rizal St., Tagum City, Davao Del Norte
3/F Dennis Bldg., La Purisima St., Zamboanga City
2/F RDRC Bldg., Santiago Blvd., Gen. Santos City
2/F Nila Herrera Bldg., No. 055 Quezon Avenue Cotabato City
2/F Dacayana Building, Purok 17, Hagkol Valencia City, Bukidnon
2/F 143 Esperanza Bldg., General Luna St., Iloilo City
2/F Avenue Suites, 12th St. Lacson, Bacolod City
2/F FCD Bldg., McKinley Street Roxas City, Capiz
G/F Helen Tan Bldg., Rizal Avenue., Puerto Princesa City Palawan
Unit 102, Ground Floor Keppel Bldg. Samar Loop cor. Cardinal Rosales Avenue, Cebu Ayala Business Park, Cebu City
2/F St. Jude Bldng., Gallares cor Grupo St., Tagbilaran City
Door 2, Ground Floor, ETD Building, Brgy. 77, Marasbaras Hi-way, Tacloban City
2/F EJA Bldg., Aguinaldo St. Extention Pala-O, Iligan City
2/F Lica Bldg., Rizal-Luna Sts, Ozamis City
3/F Zamboanga Motors Supply (ZMS) Building, Rizal Avenue Pagadian City
2nd Floor, PS Arcade, JP Rosales Avenue, Butuan City
2/F Christina Mah Bldg., F. Gonzales St. Dipolog City
Unit 13, 2/F USPD Building, Rizal Avenue, Digos City
2/F Lamar Arcade, Borromeo corner Espina Streets, Surigao City
Being a mother, my only dream is to send my children to school and to see them become professionals. Thankfully, we got PhilPlans education plans early on for our three children. Because of our PhilPlans education plans, we were able to send all our children to top universities. Today, they are professionals in their field and are working in reputable companies.
- Merlinda Teodoro
Honestly, I still have a hard time believing how an ordinary boy from an ordinary family was able to fulfill a great dream of becoming a doctor… Fortunately, my parents were very supportive and were able to plan ahead. Thanks to PhilPlans, I was able to go to a prestigious university for college for my pre-medical education. Along with the scholarship grants, PhilPlans became part of our lives and success as well.
- Von Medina M.D. (graduated magna cum laude in BS Psychology at De La Salle Lipa and received PhilPlans Scholastic Achievement Award in 2006. He ranked 4th in the 2012 Physician Licensure Exam.)
SELFIES & GROUPIES
PRODUCTS AND SERVICES
PRIMARY PURPOSE OF THE CORPORATION
To create and provide a lawful institutional medium capable of developing, maintaining, conducting, operating, marketing, selling any and all types of securities (without acting as stock broker), including but not limited to life plans, educational assistance plans, pension, retirement income, or retirement plans, with all the requisite facilities and services, merchandise or articles necessary or relevant to such securities and services to be delivered in the future to the purchases, subscribers, planholders and enrollees.
• Customer Delight
Delight the customer by going beyond customer satisfaction.
• Fair Return
Ensure a fair return through profitable operations.
• Excellence and Professionalism
Exemplify professionalism through integrity, respect, honesty, loyalty, accountability, and hard work.
Lead by motivating and inspiring people.
Innovate new products and services to delight our customers. Innovate through constant improvement in our processes and procedures.
Work as one team by thinking in terms of “what’s in it for us” instead of “what’s in it for me”.
They are the dominant education provider in the pre-need industry, with products that are designed to secure your child’s future education needs.
Their education plans are flexible and have the most comprehensive programs for education funding: elementary, high school, 2-year College, 4-year College, or 5-year College plan.
They have secured the most number of pension plans, serving middle-class income earners the opportunity to save early for a more stable retirement. Their pension plans are the trailblazers in the industry. All are flexibly designed to truly give an advantage for planholders who are looking for a worry-free and attractive investment.
They have pension plans that provide lump sum cash benefits, yearly cash benefits or increasing cash benefits, depending on your financial capability.
They give the best value-for-money for your life memorial plans, giving you the peace of mind when the unfortunate moment comes. Their exceptional life plans also provide rewards to planholders for living well. Be assured of convenient, professional and caring service with our Family Assistance Officers who are ready to assist your family, 24 hours a day, 7 days a week. PhilPlans also has a nationwide network of accredited mortuaries and crematoriums, assuring their planholders of excellent memorial service at the time of need.
Their life plans provide your family the utmost security that you can depend on. They have products that provide increasing memorial service benefits or cash bonuses that are available for your use anytime.
Mr. Roberto C. Amores
Senior Operations Manager
Recent Awards Received
• Employee of the Year (2013)
• 20 years Service Awardee (2012)
With the Operations Department employees, Ms. Agnes Dela Cruz and Mr. Roberto Amores.
Interview with Mr. Roberto Amores.
DONE BY: Ross Christian C. Cabuya ©