Financial Services

MICO Equities, Inc.

Malayan Insurance Handwashing Facility to Improve Students’ Health

Malayan Insurance Affirms the Value of Protection on Modern Living, Future-Proofing

Malayan introduces Family Relief on Lazada platform to help Filipino families

To help more Filipinos gain a foothold toward financial security, Malayan Insurance Co. Inc. has launched its Family Relief product on the Lazada LazMall platform. Family Relief is a specialized non-life insurance policy that shields families from unexpected financial burdens brought about by accidents and misfortunes. It is the first product offered by the country’s leading non-life insurer on the online shopping platform.

“Our goal in Malayan is to help more Filipinos gain access and to establish financial safety nets that will secure their future, especially those underserved. By increasing our presence in digital channels and online marketplaces like Lazada, we are enabling our countrymen to have the fortitude and peace of mind to help them and withstand financial shocks, disasters, and other crises that could occur in their household,” said Paolo Y. Abaya, president and chief executive officer of Malayan Insurance.

For as low as P500, the Family Relief Basic package helps households cope with unbudgeted financial needs caused by the untimely demise of a loved one. This non-transferable, one-year policy is renewable annually. It provides beneficiaries with a lump sum death benefit of P1.05 million if the policyholder passes away due to an unforeseen accident. Through this affordable package, policyholders and their families are assured of burial expenses assistance of up to P500,000 to help them contract the services of air and ground ambulance service providers and secure a memorial lot or columbarium. Beneficiaries will also receive a funeral service expense benefit of up to P200,000 to cover the costs of cremation and embalming. They will also receive a casket or urn expense benefit of up to P100,000. To help the bereaved handle the cost of burial service requirements, including prayers and services, music, security, transportation, seat and tent rentals, and the like, Family Relief extends assistance of up to P50,0000. “Nothing is more painful than losing a loved one. With the help of Family Relief, grieving families can focus on keeping their loved ones’ memories and legacies alive instead of worrying about how to give them the decent send-offs and burials they deserve,” Abaya added.

Aside from Malayan’s new Lazada online store, the insurance company has also made its products and services accessible on other digital channels, such as GCash and Cebuana Lhuillier’s virtual shops. Lazada is one of the most popular online marketplaces in the Philippines that aggregate consumer services and goods for sale, such as food, clothing, technology, and now, through Malayan, non-life insurance.

Malayan Insurance, Philippines – The Case for Insuring Women for a Better Tomorrow

Established in the Philippines in 1930, Malayan Insurance Company (known as MICO), which is part of the Yuchengco Group, is the country’s largest non-life insurer. In 2018, the company partnered with the International Finance Corporation (IFC), with support from the Women Entrepreneurs Finance Initiative (We-Fi), to develop a strategy for becoming the non-life insurer of choice for Filipino women.

In 2019, this partnership created the WeWomen Program, which designed the Stela Solutions, an innovative suite of women’s personal accident, property, business, and vehicle insurance solutions, with value added services, tailored for women’s needs. To promote, sell, and handle claims for the Stela Solutions, WeWomen has a website, which also provides articles and programs on insurance, and other relevant topics. In addition to collaborating on programs with organizations empowering Filipino women, in 2021, to offer insurance to low-income women, MICO partnered with 1CISPa – the largest network of cooperatives in the Philippines. Through creating innovative solutions for women, MICO prides itself on being at the forefront of the Philippines’ insurance industry.

Sunlife Grepa Financial Inc.

Sun Life Grepa Peso Global Sustainability Growth Fund

The Sun Life Grepa (SLG) Peso Global Sustainability Growth Fund, launched in June 2023, is offered as a fund option exclusive to Sun Grepa Power Builder 1, Sun Grepa Power Builder 5, Sun Grepa Power Builder 10, and Sun Grepa Power Builder 100, which are investment-linked life insurance products regulated by the Insurance Commission. The Fund is denominated in Philippine Peso, but may invest in foreign currency dominated, ESG-focused financial assets. These may include, but are not limited to, mutual funds and exchange-traded funds (ETFs); common stocks and other equity-linked securities, such as preferred stock and convertible securities.

RCBC Trust

RCBC Trust and Investments Group Now a Stand-Alone Trust Corporation

The trust and investments arm of Rizal Commercial Banking Corp. (RCBC) has started operating as RCBC Trust Corporation (RCBC Trust), a stand-alone trust corporation effective the first business day of 2024. A trust corporation is engaged primarily in trust, other fiduciary business and investment management activities. All of the RCBC Trust and Investments Group (RCBC TIG) accounts have been transferred to RCBC Trust. Aside from the transfer, the terms and conditions of the agreements covering these accounts, including the way they have been managed, will remain the same.

RCBC Trust’s existing suite of services includes the administration of unit investment trust funds (UITFs), investment management accounts (IMAs), retirement funds, corporate and institutional trust accounts, pre-need trust funds, personal management trusts, and mortgage or collateral trusts.

Dr. Robert B. Ramos, CFA serves as the President and CEO of RCBC Trust. Dr. Ramos previously served as RCBC TIG Head with almost three (3) decades of banking and finance experience.