Business
Sun Life Taps USSC as New Partner in Offering Insurance Services
Sun Life of Canada (Philippines), Inc. teams up with Universal Storefront Services Corporation (USSC) to introduce the mass market to life insurance products and services. Under this exciting partnership, Sun Life will expand the reach of financial inclusion to the largely underserved market segment of the Philippine population.
Sun Life, the top-ranked and longest-standing insurance provider in the Philippines, launched earlier this year the RISE PH campaign to push for greater financial inclusion. The company expects this partnership with USSC to help it achieve the five-year goal to serve five million Filipinos by year 2020.
According to Sun Life President and CEO Riza Mantaring, this new undertaking presents a great opportunity to address the life insurance needs of Filipinos, particularly those who are not yet accustomed to buying insurance and other financial products.
“With USSC as our newest partner, we look forward to providing every Filipino with client-focused product solutions that can enable him to enjoy a secure, brighter life,” Mantaring noted.
USSC, on the other hand, is one of the country’s largest networks of one-stop service shops. With 780 outlets and over 700 key-sub agent locations, USSC fulfills the public’s need for money transfer, transport ticketing, payment collection, cellphone top-ups and non-life insurance offerings.
USSC President and CEO Jose Xavier Gonzales expressed enthusiasm in teaming up with Sun Life.
“With Sun Life, we are confident that we can fulfill our commitment to serve and help in addressing the needs of our loyal customers by providing them with relevant and affordable services,” Gonzales said.
About Sun Life Financial
Sun Life Financial introduced life insurance in the Philippines in 1895, three years before the country secured independence from the 300-year Spanish rule. Owing largely to prudence, resilience, and enduring trust in the Filipino people, Sun Life Philippines survived two world wars and countless economic crises. The company remains to be one of the largest and most stable insurance companies serving generations of Filipinos.
Today, Sun Life Philippines is a diversified financial services institution now offering the following business lines: Life Insurance managed and distributed by Sun Life of Canada (Philippines), Inc.; Mutual Funds managed and distributed by Sun Life Asset Management Company, Inc.; and Education and Retirement Plans administered by Sun Life Financial Plans, Inc. The top-ranked life insurance company in the Philippines for five years now, Sun Life Philippines pioneered a financial literacy campaign in the country, in line with its mission of empowering Filipinos to act on their financial needs.
About USSC
USSC traces its roots as a telegraph company established in 1958 as Radio Communications of the Philippines. Over the past 60 years, the business has grown and evolved to become one of the country’s largest one-stop shops in the country specializing in various domestic and international services for money transfer, transport ticketing, payment collection and package delivery, among others.
At present, USSC operates in 780 strategically located company-owned stations with an engagement of over 700 key-sub agent locations throughout the Philippines. It aims to provide customers with meaningful and positive experience through its outstanding services. The company takes pride in its commitment to serve, to help and to inspire in order to make a difference in the lives of Filipinos.