NEWS & EVENTS

Paramount offers Premium Payment Deferment to DepED policyholders

November 20, 2020

Paramount Life & General Insurance Corporation is offering a deferment of premium payment by salary deduction to all DepED policyholders in accordance with the Bayanihan to Recover as One Act 2 (Republic Act No. 11494) for the months of November and December 2020.

If you wish to avail of this offer, please inform us on or before November 29, 2020 so we can coordinate with the Payroll Services Division to suspend the premium deduction from your November and December payrolls. After the grace period, your premium deduction shall resume starting your January 2021 payroll. However, the payment term of your policy shall be extended by another two (2) months to collect the amount corresponding to the two (2) monthly premiums deferred. If we do not receive any advice from you, your premium shall be deducted from your salary, as scheduled.

You may communicate your decision to us through any of the following:

Email: policyservice@paramount.com.ph
Drop your written request at any of Paramount Life branches nearest you.
Fax your written request at 8772-9297 .
Your Agent.

Paramount Rallies for a Strong 2020 Finish

November 17, 2020

Finish 2020 Strong image

On November 16, the Finish 2020 Strong event was held via Zoom with Coach Chot Reyes as a special guest. Like the last two minutes in a basketball game, Paramount called a huddle to rally everyone. Coach Reyes’ inspirational talk focused on the importance of discipline and mastery of the fundamentals to achieve organizational goals. He emphasized that winning as a team is crucial and giving one’s best at all times is necessary no matter the role played.

 
Despite the unprecedented challenges the year has presented, everyone was in high spirits. Everybody brought their A-game throughout the tough times. The efforts of our Non-Life branches and the successful implementation of digital tools for sales and operations kept Paramount in the ballgame. Finding ways to evolve by adapting to changes, learning, and developing is the force driving Paramount.


Never just resting on past achievements, superstar leaders and rockstar employees come together for a sprint finish to make a win inevitable to celebrate its 70th anniversary.

Tempering an Act of Nature

November 12, 2020

Typhoons Quinta, Rolly, Siony and Ullyses that just visited the country led to the devastation of a great part of Luzon. Heavy rains have caused floods which resulted in property damages especially to vehicles. Here are some tips to recover your car from being submerged in flood as well as an overview of the requirements in claiming benefits from Paramount Motor Insurance policy with acts of nature cover.

Tips to Recover Vehicle Submerged in Flood Water

  1. Protect your vehicle’s computer box or ECU (Electronic Control Unit).  Immediately disconnect the negative cable of your car battery.  This will prevent any possible short circuit.
  2. Jack up your vehicle with a car jack or bring it to higher ground by pushing.
  3. Disengage and release the parking brake. For vehicles with manual transmission, keep the transmission in 1st gear while keeping it at  "P" for automatic transmission.
  4. Take photos from both inside and outside the vehicle for documentation of the damage and of how deep it was submerged. This will be useful in determining the extent of the damage for insurance claims and/or as reference for the mechanic who will attend to your car.
  5. Give your car time to drain the water by waiting at least 24 hours before starting it.
  6. If the dashboard is submerged in water, do not at all attempt to start the engine.
  7. Check the car’s lubrication using the oil dipstick.  Should there be traces of water, do not attempt to start the engine.
  8. If the car is submerged below the centerline of the wheels, air the vehicle out.  Remove all the mats as well as the seats if possible before attempting to start the engine to ensure that all wires and electronics are dry. 
  9. If completely unsure of the extent of the damage, have the vehicle inspected by a professional mechanic or have it towed instead.

Claiming from Your Paramount Motor Insurance Policy

For Paramount motor insurance policyowners with acts of nature cover, report any vehicle damage to our hotline numbers 0917 597 1261, 0998 844 7074 or 0917 597 9244 .  Here are the requirements in filing a claim for fast and smooth processing:

  • Police Report or notarized affidavit. 
    • Original copy will be required.
  • Vehicle OR and CR
  • Driver’s license
  • Vehicle inspection report
  • Repair estimate
    • Our team will advise you where to have the vehicle inspected and repaired.
  • Barangay Certificate 

You may also reach out to us at insure@paramount.com.ph.

 

Bayanihan to Recover as One Act 2 Extends Grace Period for Regular Life Insurance Policies

October 9, 2020

Paramount Life & General Insurance Corporation shall apply the 60-day grace period to regular life insurance policy premiums due from September 14, 2020 to December 31, 2020 .  In accordance with the Bayanihan to Recover as One Act 2 (Republic Act No. 11494),  payment made within sixty (60) calendar days from the due date window will be accepted without overdue interest charge.  

If you are paying through Automatic Debit /Charge Arrangement or Post-Dated Checks (PDCs) and you wish to avail the one-time 60-day grace period, please inform us so we can suspend your nominated Auto-Debit Bank Account, Credit Card and hold your issued PDCs.  If we do not receive any advice from you, we shall continue with your Automatic Debit /Charge and PDC payments, as scheduled.

Here is a sample illustration of the grace period extension.

Premium Due Date 60th Day of Grace Period
September 15, 2020 November 14, 2020
October 15, 2020 December 14, 2020
November 15, 2020 January 14, 2021
December 15, 2020 February 13, 2021
 

You may communicate your decision to us through any of the following:

Email: policyservice@paramount.com.ph
Drop your written request at any of Paramount Life branches nearest you.
Fax your written request at 8772-9297.
Your Agent or Life Planning Partner.

For Paramount Direct policies, visit www.paramountdirect.com/contact

Paramount and IIAP establishes the Rosanna L. Go Professional Chair

September 22, 2020

The Insurance Institute for Asia and the Pacific, Inc. or (IIAP), develops and provides sustainable well-planned educational programs and services designed to enhance professionalism, expertise, and performance among practitioners in the insurance industry.

In 1979, IIAP established the Professional Chair, a specialized fund that allows partner organizations to financially support causes aligned with their mission of elevating the field of insurance and reinsurance to higher standards through continuous research and education. Believing that education is an essential component for progress and achieving excellence, Paramount Life & General Insurance Corporation (Paramount) in partnership with IIAP has two existing professional chairs namely:

THE DANIEL C. GO CHAIR

Endowed on June 6, 1990 under the name of Paramount’s founding Chairman for the purpose of conducting training and research on Claims Settlement, with the end view of educating and satisfying the insured of the fair settlement of their legitimate claims.



THE JOSE HALILI CO CHAIR

Endowed on January 10, 1993 for the purpose of conducting training and/or research on Marine Insurance for the benefit of the insurance industry. On September 2, 2004, the name was changed from Seaboard Chair to the Jose Halili Co Chair in honor of the company's late Chairman and CEO.

On August 13, 2020, Paramount once again reaffirmed its commitment to excellence by establishing the ROSANNA L. GO CHAIR for the purpose of conducting training and research on adapting sustainable business practices within the Philippine Insurance Industry. This program focuses on providing solutions to protect customers while addressing environmental and social concerns.

Paramount Business Operations Adjustments

July 17, 2020


Starting July 20, our Head Office located at Sage House, Makati will resume normal operation hours from 8:00 AM to 5:00 PM.  All other offices nationwide will continuously operate at shortened hours, 9:00 AM to 3:00 PM until further notice. Refer to our list of branches and contact numbers so you can be assisted accordingly. https://www.paramount.com.ph/about-us#offices

Life and Non-Life offices in Cebu remain closed under MECQ status to give way to the implementation of safety regulations before reopening. Our teams are still working remotely and can be contacted at these numbers.

To ensure everyone’s safety, we are implementing precautionary measures in all branches such as mandatory wearing of masks, sanitizing and social distancing. We still encourage getting in touch with us online or through phone. We are equipped to handle concerns through these platforms.

Concurrently, our Paramount Direct customer service, +632 8772 9264 will be available between 9:00 to 3:00 PM.  Visit www.paramountdirect.com.

Paramount Cebu Offices operate remotely as the city is on ECQ again

June 17, 2020

Cebu is once again placed under Enhanced Community Quarantine status starting June 16, 2020 to curb the cases of COVID-19. As restrictions on movement and business operations are imposed, our Life and Non-Life branches will be closed until the quarantine status is changed.


Our Cebu teams are equipped to provide service from their respective homes. For immediate concerns, feel free to reach us at any of the following contacts:

Non-Life
Officer-in-Charge
manuel.abrigo@paramount.com.ph
0917.847.2577 / 0998.848.9884

Product Inquiry
ricky.tubio@paramount.com.ph
0917.539.3810

melesa.ylagan@paramount.com.ph
0922.820.2571

Underwriting
haydee.upano@paramount.com.ph
0942.486.6268

Claims
eleazar.ferraren@paramount.com.ph
0917.770.3102

Life

Policy Services and Claims
0917.597.2074

Regional Manager for Sales
sean.delosreyes@paramount.com.ph
0917.556.9601

Branch Assistants
mariamae.lapingcao@paramount.com.ph
0917.597.2065

joselito.saromines@paramount.com.ph
0917.597.2043

Paramount Will Reopen Doors to Clients and Partners

May 29, 2020


With the lifting of the quarantine statuses of provinces and cities nationwide, Paramount offices are all open to serve you starting June 1We care about everyone’s safety and for this reason, we are employing the following safety measures.

   

Shortening of Operation Hours

Offices are open to serve you between 9:00 AM to 3:00 PM.

Click on the link for the addresses of our all branches

 

Practicing of Social Distancing

Number of clients allowed to transact at a time will be limited.

 

Wearing of Personal Protection

Masks are required to enter the premises.

 

Additional directives based on local government regulations may apply.  We assure everyone that you can expect the same quality service when you pay a visit to any of our branches. 

Our Non-Life Legazpi Branch Moved to a New Location

May 19, 2020

(MANILA, PHILIPPINES) – We are pleased to announce that our Non-Life Legazpi Branch has  transferred to its new office location. 

Our new address is 2nd Floor Esquivel Building, Rizal St., Cabangan, Legazpi City, Albay.



Contact Numbers:

Telephone No. : +(052) 431.0989
Mobile No. : 0917.887.0238 or 0998.848.9897

Should you have any questions on the relocation, please feel free to contact us.

Thank you for your continued support and we look forward to serving you at our new office.

Safety Measures in all Branches

May 18,2020

We value Safety.

To keep everyone safe as we open our branches in line with government regulation on community quarantine statuses, Paramount is implementing precautionary measures.

Shortening of operation hours

Offices are open to serve you between 9:00 AM to 3:00 PM.

 

Practice of Social Distancing

Only two (2) clients will be allowed to enter at a time.

 

Wearing of Personal Protection

Masks are required to enter the premises.

Other offices may implement stricter policies depending on the requirements of the Local Government Unit where they are located.

For a list of open branches, refer to this link

Unlocking Potential in the Time of Lockdown

April 30, 2020

Arising from the COVID-19 pandemic & Enhanced Community Quarantine, Paramount Life & General Insurance Corporation has successfully implemented a work-from-home set up in order to fulfill its service commitment to Policyholders, Producers and Business Partners.

In a virtual town hall meeting attended by more than 400 employees this morning, Chairman/CEO, Patrick L. Go and President/COO, George T. Tiu addressed the employees to affirm the Company’s preparedness in facing the new normal as soon as ECQ is lifted. Backed by its strong financial position, the Company has taken steps to assist all stakeholders during this challenging time, as well by unlocking new products and policy services.

Paramount Life policies and COVID-19

April 7, 2020

Extended Ecq (7500pixel)

Adjustments on Paramount's business operations amid COVID-19 

March 20, 2020

Policyholder Email Blast Banner 750px

In response to the President’s call for the strict implementation of the enhanced community quarantine of Luzon, Paramount has temporarily closed its offices in this region until further notice.

Best way to reach us at the moment is online - through e-mail, our website or any of our social media accounts.

Email : insure@paramount.com.ph
Website: www.paramount.com.ph/contact-us
Facebook: www.facebook.com/plgic
Instagram: www.instagram.com/paramount/

Though offices are closed, we have arranged facilities that will let us deliver services business as usual as much as possible. For immediate concerns, you may reach us at the mobile numbers indicated below.

LIFE DIVISION

Policy Services & Claims   - Mobile No. 0917.597.2074

NON-LIFE DIVISION

Marketing - Mobile Nos. 0917.875.1425 , 0917.490.3978
Claims - Mobile Nos. 0917.5971.261 , 0917.597.9244 , 0998.844.7074

PARAMOUNTCARE

Mobile No. 0917.826.5949

OFW INSURANCE

Marketing - Mobile No. 0917.540.6671
Claims - Mobile Nos. 0917.587.7687 , 0917.833.5387

Our business hours nationwide are temporarily changed to 9:00 AM - 4:00 PM.

Our Luzon Team working from home, our Visayas and Mindanao offices which are open are ready to serve you at these times.

You may refer to our list of branches here

We are continuously monitoring developments related to COVID-19.

Rest assured we will stay true to our commitment of protecting what is important for you.

Please stay safe.


Patrick L. Go
Chairman & CEO


George T. Tiu
President & COO

Paramount Life & General Insurance Corporation Extends Grace Period for Life Insurance policies

March 17, 2020

Extended Grace Period

Paramount Life & General Insurance Corporation suspends business operations in Luzon region

March 16, 2020

Covid Web

Paramount Life & General Insurance Corporation participates in the 15th Mercedes Trophy Tournament

March 4, 2020

Mercedes Trophy

(Left to Right) Felix Ang - President of Auto Nation Group, Executive Officers of Paramount Life & General Insurance Corporation: George Tiu – President & COO, Patrick Go – Chariman & CEO and Winston Lawrence Wu – Assistant Vice President for Brokers and Specialty Lines, and Gregorio Yu - Chairman of Auto Nation Group

(Manila, Philippines) Paramount Life & General Insurance Corporation participates in the 15th Mercedes Trophy Tournament as its Platinum Sponsor for a 2nd consecutive time along with Philippine Airlines, PLDT Alpha, Shell and TW Steel. 

To kick off the tournament, organizers hosted the traditional Mercedes Trophy Sponsors and Champions Night held last March 4, 2020 at Makati Shangri-La featuring last year's winners, sponsors, VIPS and confirmed players for the upcoming tournament. The 18-hole tournament set at Sta. Elena Golf Club on March 16, 2020 is expected to draw more than 200 contenders for the Asian and World Finals scheduled in Australia & Germany.

Paramount launches a new mobile app for its car insurance policyholders

February 28, 2020


Take control of matters relating to your car on your mobile device with Paramount's MyDrive App made exclusively for our policyholders.

Paramount marks its 70th anniversary with a new brand identity

February 17, 2020

MANILA, Philippines - Paramount Life & General Insurance Corporation marks its 70th Anniversary with the launch of a new brand identity. In celebration of this corporate milestone, the logo has been refreshed to better represent how Paramount is doing in today’s digital age, while also preserving the most iconic elements of our beloved brand.

Website Article Photo

The icon has been simplified and is rendered in its new banner color blue designed to be highly legible across all platforms. This move is aligned with the company’s overall thrust of increasing accessibility of insurance for Filipinos, making things easy for everyone - Madaling Kausap.

 

Paramount employees on the move to extend relief efforts to the evacuees of the Taal Volcano eruption

January 28, 2020

Article Photo Taal 720px

Manila, Philippines - In light of the recent calamity brought about by the Taal Volcano eruption, Paramount Life & General Insurance Corporation launched a campaign entitled "A Call for Help". It is the company's fundraising and donation drive providing relief efforts to some of the victims affected by the catastrophe.

Cash and in-kind donations from Paramount employees were put together to make relief packs for distribution which included towels, clothes, tableware, food , medicines and hygiene kits.

On January 24, Paramount representatives headed by Miss Diana Lao, Head of Human Resources, in close coordination with the local government unit, went to Alfonso, Cavite to personally hand out Paramount relief packs to the evacuees at Saint John Nepomuceno Parish. An estimate of 50 families and 200 individuals were present during the relief operations.

Christmas Holiday Schedule

December 18, 2019

Paramount Holiday Schedule

LifePlanning Partner Channel has moved to a new location

December 5, 2019

Office Movement News Page2

MANILA, PHILIPPINES – We are pleased to announce that the main operations of our LifePlanning Partner Channel has been transferred to its new office location last December 2, 2019. Our new office address is at 16th Floor BDO-Equitable Tower Building, 8751 Paseo de Roxas Ave., Makati City

Please note that our telephone and fax lines will remain unchanged

Telephone: +(02) 8808 6610
Fax: +(02) 8843 2416

Should you have any questions on the relocation, please feel free to contact us.

Thank you for your continued support and we look forward to serving you at our new office.

Paramount’s Chairman and Chief Executive attends as a key panelist in the 5th Annual AVCJ Private Equity & Venture Forum Philippines

October 14, 2019

Website Post Avcj
(Left to Right): Serge L. Lépine - Managing Partner, CABOT CAPITAL PARTNERS ; George S. Uy-Tioco, Jr - Director, Head of Mergers & Acquisitions, BPI CAPITAL CORPORATION ; Martin Lichauco - Managing Director, CRESCENT POINT ; Patrick L. Go - Chairman/CEO, PARAMOUNT LIFE & GENERAL INSURANCE CORPORATION ; and Michael H. Guarin – Partner, KPMG PHILIPPINES.

(Manila, Philippines) – Paramount’s Chairman and Chief Executive - Patrick L. Go, attends as a panelist in the recently concluded 5th Annual Private Equity & Venture Forum Philippines held last Oct. 9 2019 at Fairmont Makati Hotel. The forum focused on topics about foreign capital investment, strategies for sustainable local private equity and venture capital industry.

Mr. Go shared the stage with 3 other industry experts and discussed opportunities, challenges and best practices when it comes to Mergers & Acquisitions as a way of building a domestic portfolio. Overall the event served as a platform to exchange ideas, meet future business partners and catch up on the latest trends in the industry.

Article Photo 720px

Other branches affected by the change:

LIFE DIVISION

BONIFACIO GLOBAL CITY
+(02) 8 808 6610

MAKATI
+(02) 8 810 2051 to 53 / +(02) 8 869 2474

VILLAMOR
Tel. +(02) 8 852 0102

PARAMOUNT DIRECT

Tel. +(02) 8 772 9264

NON-LIFE DIVISION

QUEZON CITY
Telephone +(02) 8 411 7054 / +(02) 8 373 1786

MANILA
Tel. +(02) 8 241 1986 / 8 241 2074 / 8 241 2064

OFW

MANILA
+(02) 8 523 7779 / 8 523 7980

ORTIGAS
+(02) 8 723 2156 / 8 705 1925

PLGIC'S EXECUTIVE OFFICERS JOIN MUNICH RE'S 2019 CEO Summit

June 13, 2019

2019 Munich Re Summit

MANILA, Philippines – Paramount Life & General Insurance Corporation’s executive officers (Left to Right) George T. Tiu - President & Chief Operating Officer and Patrick L. Go – Chairman & Chief Executive Officer, attend Munich RE’s 2019 CEO Summit in Singapore.

Paramount Life & General Insurance welcomes QBE Seaboard Insurance Philippines Policyholders to the Paramount family

June 1, 2019

MANILA, Philippines – With the approval by the Insurance Commission on May 14, 2019 on the acquisition of control of QBE Seaboard Insurance Philippines, Incorporated (“QSIP”) by Paramount Life & General Insurance Corporation (“Paramount”), Paramount will assume from QSIP its property and casualty insurance business portfolio.

Paramount has more than 65 years of experience and expertise in the industry fortifying its hold on both life and non-life insurance lines. It has been an active consolidator with a successful track record of integrating acquisitions within the Paramount platform since the early 1990s.

Both Paramount and QSIP have a heritage of strength in distribution through its intermediaries, both agencies and brokers. Combining these two forces will make the company stronger and more competitive, and its increased resources will further enhance its capability of providing quality customer service.

Paramount guarantees full policy service of all in-force QSIP policies at 16th Floor, Equitable Bank Tower Building, 8751 Paseo de Roxas, Makati City 1226, Philippines.

For policyholder inquiries, please call (+632) 224 4040 or email info@paramount.com.ph

Paramount Life & General Insurance Corporation participates in the 14th Mercedes Trophy Tournament

March 15, 2019

Mercedes Pr Photo2 Resized

(Manila, Philippines) - Paramount Life & General Insurance Corporation took part in the Philippine leg of the very exclusive MercedesTrophy Tournament as a Platinum Sponsor.  Over 200 Mercedes-Benz owners and golf enthusiasts played in the tournament held at the Sta. Elena Golf and Country Club last March 11, 2019.

Mercedes Pr Photo2 Resized

Photos of participants visiting Paramount’s booth before the start of the tournament

Mercedes Pr Photo2 Resized

Teeing off for Paramount is Mr. George T. Tiu, President and COO.

Paramount agrees to acquire QBE’s business in the Philippines

December 11, 2018

QBE acquisition

(Left to Right): George T. Tiu, President & COO of Paramount, Patrick L. Go, Chairman & CEO of Paramount, Mat Siva, Head of Mergers & Acquisitions of QBE Insurance Group Ltd., Joli C. Wu, President of QBE Seaboard, Larry Wu, Head of Retail of QBE Seaboard

Paramount Life & General Insurance Corporation (“Paramount”) today announces that it has entered into definitive, conditional agreements with QBE Asia Pacific Holdings Limited (“QBE”) and Seaboard Eastern Insurance Co., Inc (“Seaboard”) to acquire a 100% interest in QBE Seaboard Insurance Philippines, Inc. (“QBE Seaboard”). The acquisition will further enhance Paramount’s footprint and position in general insurance in the Philippines and is in line with its strategic priority to accelerate growth.

Commenting on the transaction, Patrick L. Go, Chairman and Chief Executive Officer said:

“The opportunity to bring these two organizations together will be another important milestone in realizing Paramount’s goal to become a leading insurance company in the Philippines.

Each has a heritage of strength in distribution through local agencies, which together will serve existing customers better and enable us to reach out to many more Filipinos, both globally and nationwide. QBE Seaboard’s portfolio in commercial lines will add to our existing customer, segment and product offerings. After completion of the sale, both existing clients and intermediaries can look forward to a larger network of branches and a continuing partnership with a local company that truly understands and is committed to the Philippine market.

Paramount & QBE Seaboard know each other well and share similar values. We will work together with the employees and channel partners of QBE Seaboard to bring the two businesses together ensuring a smooth transition for all our stakeholders.”

The transaction is expected to be completed in the first half of the calendar year 2019, subject to the appropriate regulatory approvals in the Philippines.

For further information, please contact:

Paramount Life & General Insurance Corporation

Atty. Karen Jill M. Espineli
Chief Compliance Officer
Head of Legal and Third Party Recovery
+632 772 9267
insure@paramount.com.ph

About Paramount Life & General Insurance
Paramount’s more than 65 years of experience and expertise in the industry has fortified its hold on both life and non life insurance lines. It has more than 500 employees, operating from over 40 branches nationwide. From a financial standpoint, it has total assets of Philippine Pesos 4.7 Billion supported by a book value of shareholder’s equity of Philippine Pesos 1.6 Billion. Paramount has been active as a consolidator within the insurance industry in the Philippines since the early 1990s. It has a substantial track record of success in integrating businesses within the Paramount platform.

Paramount Life & General Insurance Corporation launches a new website

January 15, 2018

new website announcement

We are excited to share with you the launch of our redesigned website. 

The refreshed look features streamlined menus, clear navigation, and a responsive layout for both mobile and desktop platforms. We have improved the structure of our content so that you can access relevant information easily and stay up to date with our products and services.

It also showcases these new functions to make your experience of our site better.
  1. Product Inquiry / Get a Quote Page: allows us to get in touch with you and provide you with a proposal suited to your need/request.
  2. Forms Page: a collection of downloadable forms that you can use for policy changes, payment or claims.
  3. FAQs Section: a compilation of frequently asked questions about our products and services that you can easily refer to.

Take a look and explore the new website.

Paramount Life & General Insurance Corporation complies with and supports the Philippine Insurance Commision's mandate on securing the medical information of its clients.

July 31, 2017

DPA

MANILA, Philippines Prior to the passage of data privacy legislation in the Philippines, particularly Republic Act No. 10173, otherwise known as the "Data Privacy Act of 2012", life insurance companies have already shared medical & non-medical information, including information of our policyholders, among themselves through an existing Medical Information Bureau (MIB) administered by the Philippine Life Insurance Association (PLIA). The sharing of medical & non-medical information was done in order to enhance risk assessment and prevent fraud.

In accordance with the Insurance Commission's Circular Letter No. 2016-54, our policyholders’ medical & non-medical information previously collected by the MIB will be uploaded to a Medical Information Database (MID) accessible to life insurance companies. Once uploaded, all life insurance companies shall have limited access to our policyholders’ information in order to protect their right to privacy in accordance with law. A copy of Circular Letter No. 2016-54 may be accessed at the Insurance Commission's website at @ www.insurance.gov.ph

Insurance Commission of the Philippines renews Paramount Life & General Insurance Corporation's Certificate of Authority

February 5, 2016

Certificate Renewal

MANILA, Philippines - Paramount Life & General Insurance Corporation (PLGIC), one of the leading providers of Life, Non-Life & OFW insurance in the Philippines receives its Certificate of Authority from the Insurance Commission of the Philippines last February 4, 2016.

This certification re-affirms Paramount's stability as an insurance provider as it was able to meet the minimum capitalization and net worth requirements of the Insurance Commission.

Moreover, this certification confirms the company's license to operate in the Philippines for the period of January 1, 2016 to December 31, 2018.

Paramount Life and General Insurance Corporation (PLGIC) and Philippines Business Bank (PBB) solidify strategic partnership

October 7, 2015

PBB and PLGIC Partnership

Paramount Life and General Insurance Corporation (PLGIC) and Philippines Business Bank (PBB) have agreed to form a strategic partnership to better serve their clients towards financial security.

The partnership shall be a thrust towards the education of Filipinos about the true value of Financial Planning and Family Protection. Through this program, clients will be given tailor-fitted service that is based on their needs and wishes for their families.

PLGIC together with PBB hopes that this venture will lead to the fulfillment of Paramount’s mission of protecting what is important to every Filipino family.

PLGIC PARTICIPATES IN THE 27TH EAST ASIA INSURANCE CONGRESS

November 7, 2014

East Asia Insurance Conference

(Left to Right): Jocelyn Po, Head of Treaty Reinsurance-Aon Benfield Insurance & Reinsurance Brokers Philippines, Inc., Edilberto A. Casiño, David Cousar, Executive Director and Head of Asia Facultative, Aon Benfield Asia Pacific, Criser C. Causing, SAVP for Marketing, Paramount Life & General Insurance Corp., and George T. Tiu, President and COO of Paramount Life & General Insurance Corp.

MANILA, Philippines – Paramount Life & General Insurance Corporation participated in the 27th East Asia Insurance Congress entitled “Insurance at the Cross Roads: Coping with the Change”. The event was held at the Taipei International Convention Center from November 2 to 6, 2014. It discussed the future of the insurance industry in a rapidly aging society and how to strike a balance between risk, growth and profitability while adapting to change in order to build sustainably.

PLGIC'S EXECUTIVE OFFICERS JOIN MUNICH RE'S 3RD REGIONAL CEO FORUM 2014

September 18, 2014

Munich Re

MANILA, Philippines – Paramount Life & General Insurance Corporation’s executive officers (Left to Right) Patrick L. Go – Chairman & Chief Executive Officer, Rosanna L. Go – Executive Vice Chairman & Treasurer, and George T. Tiu - President & Chief Operating Officer attend Munich RE’s 3rd Regional CEO Forum entitled “Leading in a World of Possibilities” at Capella Singapore, Sentosa. The event gathers more than 50 top executives along with Munich Re to address the current economic developments, impacts on the re/insurance industry, as well as ASEAN’s rising prospects and how to leverage regulatory developments for ERM implementation.

Healthway signs contract with Paramount Life & General Insurance Corporation

September 10, 2014

 Healthway Contract Signing

Healthway Medical, the most trusted and preferred network of mall-based clinics in the Philippines, was recently selected to partner with Paramount Life and General Insurance Company (PLGIC) to provide additional benefits for the existing and prospective members of Paramount’s ER card.

“We know that Healthway is a reliable partner and that they are the experts and most trusted and preferred mall-based clinics,” Mr. George T. Tiu, President and COO of PLGIC said in an interview.

ER Card is the company’s pre-paid, one-time-use card that covers emergency medical expenses and is accepted in more than 300 MedAsia accredited hospitals throughout the country.

Depending on the chosen plan amount, the card offers clients two other benefits: Accidental Death benefit and/ or Disablement and Burial Assistance.

PLGIC RECEIVES A RECOGNITION FROM THE LIFE UNDERWRITERS ASSOCIATION OF THE PHILIPPINES (LUAP)

August 28, 2014

LUAP Recognition

MANILA, Philippines – The Life Underwriters Association of the Philippines (LUAP) recognizes Paramount Life for having a MDRT qualifier, Mr. Ted Tinsay of the LPP Business Channel, given today during the MDRT Echoing event at the Crowne Plaza Hotel.

Also in the photo is one of our Agency Directors, Mr. Jon Pineda.

Paramount Marks Its 65th Anniversary

May, 2014

65th  Anniversary Employees with Umbrellas

Paramount Life & General Insurance Corporation, one of the leading providers of Life, Non-Life & OFW insurance in the Philippines, marks its 65th year anniversary of being in business.

Founded by the late Daniel C. Go in 1950, the company started out in the property and casualty business as Paramount Insurance and Surety Corporation and later on acquired several other companies including Aegon Life Insurance Philippines, Manila Bankers Life Insurance, & Sony Life Philippines in order to expand its business portfolio to include the life insurance business.

From these humble beginnings grew a vibrant company that today thrives as Paramount Life & General Insurance Corporation (PLGIC). Today, with more than 500 employees and over 50 branches nationwide, Paramount has one of the most extensive sales and marketing networks in the industry.
“Paramount has revolutionized the way Filipinos are protected by providing them with products that will truly address their needs without putting too much strain on their budgets” according to George T. Tiu, President and COO.

“Achieving this milestone reminds us of the many employees, past and present, who have made our company the highly respected insurance provider that it is today.”

The anniversary celebration is supported by a variety of initiatives including an anniversary-specific campaign entitled PARAMOUNT AT 65: INITIATE, INNOVATE AND INSPIRE which showcases Paramount’s new corporate goal of fostering innovation and ingenuity in order to deliver better products and services.

65th Anniversary Human Logo - Aerial

 65th  Anniversary Employees with Umbrellas - Close up

Human PLGIC 65th Year Logo

Kicking off the company’s anniversary celebration was Paramount’s Summer Party held last April 17, 2015 at Chateau Royale Sports and Country Club. Shirts and all materials given away during the company outing reflect the 65th year logo. In addition, numerous raffle prizes were given away to employees as a way of thanking them for their loyalty and service to the company.

Meanwhile, the highlight of the day was the formation of the largest human PLGIC 65th Year logo which gathered more than 200 of Paramount’s employees while holding up blue, yellow and black colored umbrellas as a way to commemorate this milestone.

Alongside the 65th Year campaign, the Office of Chairman/CEO and Executive Vice Chairperson launched the Paramount X Prize, an inter-office contest that encourages employees to think about platform strategies and innovations while continuing Paramount’s client purpose: “To protect what’s important for you”.

As Paramount looks forward to the next 65 years, the same unwavering values serve as our guide: Loyalty, Integrity, Flexibility and Excellence.