{"id":9326,"date":"2024-05-24T17:34:18","date_gmt":"2024-05-24T09:34:18","guid":{"rendered":"http:\/\/zestmag.com\/online\/?p=9326"},"modified":"2024-05-24T17:34:36","modified_gmt":"2024-05-24T09:34:36","slug":"pru-life-uk-maintains-leadership-position-for-q1-2024-as-top-life-insurer-in-ph","status":"publish","type":"post","link":"https:\/\/zestmag.com\/online\/pru-life-uk-maintains-leadership-position-for-q1-2024-as-top-life-insurer-in-ph\/","title":{"rendered":"Pru Life UK maintains leadership position for Q1 2024 as top life insurer in PH"},"content":{"rendered":"\n<p><strong>Pru Life UK sustains its position as the leading life insurer in the Philippines, concluding the first quarter of 2024 with the highest New Business Annual Premium Equivalent (NBAPE), following its top ranking at the end of 2023. <\/strong><\/p>\n\n\n\n<p>The report from the Insurance Commission (IC) shows Pru Life UK garnered<em> <\/em>a total of Php 2.36 billion in NBAPE as of 31 March 2024. NBAPE serves as the universally accepted performance metric used to assess and compare sales performances of the life insurance industry in the Philippines<sup>*<\/sup>. <\/p>\n\n\n\n<p>By\nleveraging on a customer-centric approach and product innovation, together with\nthe support of its over 37,000 digitally empowered agency force, Pru Life UK\nalso leads in total premium income from variable life insurance products,\namounting to over Php 11.1 billion as of 31 March 2024.<\/p>\n\n\n\n<p>Solidifying\nits strong market position and growth potential in the insurance industry, Pru\nLife UK continues to diversify its innovative offerings with the launch of\nPRULove for Life, a limited-pay, whole-life participating plan for as low as\nPhp 87<sup>**<\/sup> per day, and PRULove Wealth<sup>***<\/sup>, a single premium\nproduct offering 4% guaranteed annual cash payout, 100% cashback, and up to\n125% insurance coverage.&nbsp; <\/p>\n\n\n\n<p>&#8220;We are proud to have sustained our\nposition as the top life insurer in the Philippines for the first quarter of\n2024 based on the IC\u2019s NBAPE ranking. This achievement reflects our unwavering\ncommitment to providing innovative financial solutions to Filipino families. It\nis a testament to our agility, resilience, and relentless focus to provide only\nwhat\u2019s best for our customers<em>,<\/em>&#8221;\nshares Sanjay Chakrabarty, Pru Life UK\u2019s President and Chief Executive Officer.<em><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The report from the Insurance Commission (IC) shows Pru Life UK garnered a total of Php 2.36 billion in NBAPE as of 31 March 2024. NBAPE serves as the universally accepted performance metric used to assess and compare sales performances of the life insurance industry in the Philippines*. <\/p>\n","protected":false},"author":3,"featured_media":9327,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[1810,2275,2086],"class_list":["post-9326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-product-showcase","tag-insurance","tag-insurance-industry","tag-pru-life-uk"],"_links":{"self":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/comments?post=9326"}],"version-history":[{"count":1,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9326\/revisions"}],"predecessor-version":[{"id":9328,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/posts\/9326\/revisions\/9328"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media\/9327"}],"wp:attachment":[{"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/media?parent=9326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/categories?post=9326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zestmag.com\/online\/wp-json\/wp\/v2\/tags?post=9326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}