Sun Life Brings Back Its Investor Promo

Sun Life Asset Management Company, Inc. (SLAMCI), Sun Life Philippines’ mutual fund manager and distributor, will be bringing back its “Invest and Travel” promo this year.

The purpose of the promo is to encourage investors to grow their money with SLAMCI. It was a highly successful promo when it was launched the last time. This year SLAMCI offers qualified investors a reward of staycation treats and travel packages to destinations such as Sydney, San Francisco, and Los Angeles. All the packages are good for two persons, so the investor can share the experience with a loved one. The promo will run until December 29, 2014.

SLAMCI is optimistic about further improving its performance in Visayas and Mindanao this 2014, after a stellar growth in the said area last year. In 2013, SLAMCI’s gross sales in VisMin grew by 121% from 2012, from P488 million to P1 billion. Not only that, its assets under management (AUM) also grew by 28%, contributing P2.35 billion AUM to the company’s total AUM of P41.13 billion as of December 2013.

“The numbers prove that more and more Filipinos in Visayas and Mindanao are warming up to the idea of investing and we’re happy that they’re putting their trust in SLAMCI as they take major steps in their finances. This also sets a good momentum for 2014. We trust that it will get even better in the coming months,” said SLAMCI President Valerie Pama.

SLAMCI manages a total of seven funds collectively called the Sun Life Prosperity Funds, which include the bond fund, balanced fund, equity fund, money market fund, GS (government securities), dollar advantage, and dollar abundance. Its balanced fund remains to be the largest in the country, with P16.23 billion assets under management as of December 2013.

Sun Life Financial is a diversified financial services institution now offering three business lines namely Sun Life of Canada Philippines, Inc. (SLOCPI) for insurance, SLAMCI and Sun Life Financial Plans, Inc. (SLFPI) for education and retirement plans. Sun Life, as part of its history, survived two world wars having been introduced in the Philippines in 1895. After World War II, the company paid out the equivalent of USD1.2 million in death claims and was the only insurance firm who, based solely on trust and confidence in the Filipino people, paid the death claims even without documents attesting to the validity of the claims. In the end, al. claims were found legitimate. Sun Life also withstood countless economic crises.

A mark of its resilience and stability, the company has ranked to be the number insurance company in the country in 2012, in terms of gross premiums totaling P20.2 billion. Sun Life topped first in 2011 with its gross premiums of P14 billion. Combining SLOCPI’s 2012 results with that of its joint venture company with the Yuchengco Group, Sun Life Grepa Financial, Inc., which posted P5.8 billion in premiums in 2012, the Sun Life group in the Philippines made P26 billion in premium income, 86% over 2011 when premiums were derived from only SLOCPI.

Right now, Sun Life Philippines is backed by close to 1,000 employees, 5.000 financial advisors, 38 new business offices, 30 inter-branch offices (ISOs), and five financial stores nationwide. The company has over a million individual and group life policyholders to date. Apart from Philippines, it has operations in Canada, United States, United Kingdom, Ireland, Hong Kong, Japan, Indonesia, China, Australia, Singapore, Vietnam, Malaysia and Bermuda, along with the company’s partners. (With Press Release)

Photo above: Asia Investment, Sun Life Assurance Company of Canada Managing Director Michael Manuel and SLAMCI President Valerie Palma during the press conference of the SMACI investor promo. (Photo by MetroCebu News)