Sunday, June 30, 2008 Philam leads pre-need industry
PHILAM Plans Inc., pre-need company providing pension, education and life plans, continues to maintain its industry lead, based on the latest standings from the Philippine Securities and Exchange Commission (SEC).
In its 2007 year-end sales report, SEC cited Philam Plans as the overall leader in the entire pre-need industry for the period of January to December 2007, with a total pre-need plan sales of over P4.1 billion and an industry market share of 22 percent. This reflects a 19 percent growth for the company versus total pre-need plan sales of over P3.4 billion and an industry market share of 18 percent in 2006.
Philam Plans’ significant growth areas last year were in both pension and education plans. The company’s pension plans sales grew by 21 percent from P2.6 billion in 2006 to over P3.4 billion in 2007.
Its market share in pension plans grew to 29 percent in 2007. (PR)
