SUN Life of Canada (Philippines), Inc. paid out a total of P3.6 billion in claims and maturities in 2017.
Of the amount, P1.5 billion were for death and living benefit claims arising from individual life policies while P2.1 billion were payments for matured individual life insurance policies.
Just recently, the company increased its threshold amount for speedy death claims processing from P3 million to P5 million.
This means that death benefit checks are ready for release within three hours from receipt of claim request at the Bonifacio Global City (BGC) head office for those with complete and satisfactory claim requirements and following set criteria for speedy death claims. (PR)