Sun Life Grepa Financial, Inc. (Sun Life Grepa), a joint venture between the Yuchengco Group of Companies and Sun Life Philippines, has secured the ‘Best MSME Insurance Initiative of the Year – Philippines’ award at the Insurance Asia Awards for the third consecutive year since 2022.
In addition to this remarkable achievement, Sun Life Grepa has also been recognized at the International Finance Awards, winning the same category this year. This marks their second win at the International Finance Awards, having been previously recognized as Best Insurance Provider for SME-Philippines in 2022.
“Sun Life Grepa’s MSME MyBiz is a suite of insurance products that has been instrumental in supporting the growth and resilience of Micro, Small, and Medium Enterprises (MSMEs), offering comprehensive and accessible insurance solutions designed to meet the unique needs of small business owners. The continued recognition from industry leaders and esteemed institutions highlights our dedication to innovation and excellence,” said Sun Life Grepa president Richard S. Lim.
For his part, vice president for group sales and marketing operations Peter Miranda said, “Our MSME MyBiz initiative strengthens and sustains MSMEs by addressing workforce needs. Providing them accessible and comprehensive life and health insurance not only safeguards their well-being but also help MSME economic robustness, fostering inclusive and sustainable progress. Amidst navigating the Philippine economy’s complexities, initiatives like this underscore collaboration and creativity in advancing ‘nation-building’ for a secure and brighter future.”
“We are also very honored to receive these awards, which reflect our commitment to empowering MSMEs through innovative and reliable insurance solutions,” Miranda added. “These recognitions inspire us to continue our mission of providing financial security and peace of mind to small business owners, helping them thrive and succeed.”
The MSME MyBiz suite offers a range of affordable, easy-to-sell insurance packages tailored to the various stages of MSME development: start-up, growing, and established ventures. These packages, including Accident ProSafe, Smart Care Plus, and HIPSTER, provide comprehensive life insurance coverage, including benefits for death, disability, and critical illness, thus ensuring financial security in times of adversity. The products are designed to be simple and flexible, allowing employers with 5 to 200 employees to customize coverage options based on the needs and preferences of their workforce.
For inquiries, contact [email protected], follow the Sun Life Grepa Healthcare Facebook page, or visit www.sunlifegrepa.com.