Monday, May 12, 2008 FGIC is new Xavier University insurer
LOWER cost with maximum benefits were basis of Xavier University for finally signing a memorandum of agreement (MOA) with Fortune General Insurance Corporation (FGIC) last Friday at VIP Hotel to begin a sustainable partnership.
The MOA signing was characterized by a specific insurance plan that will cater to more or less 10,000 students in the tertiary level of Xavier University.
"We would commit ourselves to service you in the best of our abilities," said Michael F. Rellosa, president and chief operating officer of FIGC.
Almarco Brito, chair of Xavier University Confederated Parents and Faculty Association (XUCPFA) -- the organization of parents and faculty members of the university, said there was a long process of selection.
He disclosed that more than a dozen insurance companies were invited to do the necessary presentations for the selection process.
According to Brito, three insurance companies were chosen to be included in the shortlist, namely Prudential Life Insurance Company, Oriental Insurance Corporation, and FGIC.
The three insurance firms made another round of presentations to earn the confidence of the selection board. Finally, FGIC was chosen.
The Xavier University tripartite consultative body did the selection.
The agreement between Xavier University and FGIC will be effective starting June.
It will also cover the incoming freshmen of the university for the academic year.
"As parents, we want the best for our children," Brito said, affirming once again the gratitude towards FGIC's commitment for service.
"This is the first time that we will have an agreement with Fortune and I hope that we will have a safe landing," expressed Arbie Llesis, Xavier University Central Student Government (CSG) president.
Colin Vicente A. Torres, Cagayan de Oro branch manager of FGIC, for his part said: "Rest assured, we will give you the best no less than the best." (Suhaini Nasher D. Pagadilan and Johaira M. Musor/Mindanao State University Interns)
