Strategic Partner Feature: CATS Motor Group
December 23, 2021
Paramount’s guiding principle in its operations is “Madaling Kausap.” In all touchpoints that we interact with our clients, we aim to provide the best possible experience. The CATS Group is one of our strategic partners who upholds the same value. Know more about the group who brought luxury cars brands in the Philippines and the man that drives the team to continued growth, COO Frankie Ang through this special feature in the CEO Magazine Digital edition.
The LPPs are now at the Paramount Home office
October 8, 2021
The Paramount Agency Business Life Division’s Life Planning Partner Region is now moving to Paramount’s Head Office at Sage House. Starting October 16, 2021, the LPP ‘s Office will be at the 10th Floor.
As experts in customizing insurance coverage to fit a client’s unique needs, the Life Planning Session is made available to ensure that every Filipino family is protected from difficult financial circumstances in losing a bread winner. The Needs-Based Approach is used to build the best defense to Life’s uncertainties. The LPPs will be there from planning on securing finances to every stage in a client’s life to make sure that what is important is cared for.
Business hours on weekdays except on holidays are dependent on the quarantine status imposed by the Makati LGU. You may also refer to the List of Branches for the current operating hours. To ensure everyone’s safety within the premises, safety measures such as social distancing and wearing of masks and face shields are observed. Feel free to visit us.
August 23, 2021
Paramount’s Cabanatuan Service Office is moving to a more accessible location. From one RBO Building at Mulawin Street to another at Burgos corner Gabaldon Street, our non-life services in the city get closer to serve more clients at their convenience.
Starting September 2, the Cabanatuan branch you have known will continue to provide fast and efficient assistance in this new location. Open to serve Monday to Friday at times allowed by the quarantine status of the area. Please visit link to our list of branches to know more about our business hours. To ensure safety within the premises, measures such as social distancing and wearing of masks and face shields are observed.
Paramount Life Cebu is on to a Big Move
August 6, 2021
Paramount Life Cebu is relocating to the premier business and commercial district of Cebu Business Park. Starting August 15, 2021, the Skyrise Alpha Building in Samar Loop will be the home of our Life Agencies. As our life insurance business thrives, we want to bring our services to more Cebuanos in an accessible and convenient location. The same building also hosts our Non-Life office. Now, all your insurance needs can be sourced in one place.
Please check our website for our business hours based on the quarantine status of the city. To ensure everyone’s safety within the premises, safety measures such as social distancing and wearing of masks and face shields are observed. Feel free to visit us.
Telephone No. : +(032) 255.3499
Mobile No. : +63917.597.2065
Paramount launches a Microinsurance Program with Lockton and Pag-IBIG Fund
June, 23, 2021
Paramount Life & General Insurance Corporation (Paramount), and Lockton Philippines Insurance and Reinsurance Brokers, Inc. (Lockton) in collaboration with Pag-IBIG Fund has recently sealed an agreement to provide its Loyalty Card & Loyalty Card Plus holders an exclusive offering - the Lockton Kaagapay Program. This partnership made it possible to develop this unique insurance bundle to address the most basic but oftentimes overlooked protection needs.
The product serves as an all-in-one solution with its uniquely selected benefits providing both personal protection (a) life insurance (b) accident insurance (c) hospital cash assistance and property protection with its built-in fire and lightning coverage.
Amidst the uncertainties, the Lockton Kaagapay Program aims to keep things simple for Pag-IBIG members. From application to a straightforward claims process, getting personal and property insurance has never been this easy. For more details please visit https://www.kaagapayprogram.com/
Paramount Life takes the Stand to Kick Off 2021
February 5, 2021
As Paramount warms up to the better normal, the Life Insurance Division conducted a kickoff to rally its sales team last February 4, 2021, via zoom. Gathered in celebration with an American football motif and a focus on the DIFFERENCE that makes the Company the BETTER choice for all stakeholders elicited the participants to commit support of each other and to protect more Filipino families.
The program officially closed the year 2020 by honoring a special set of agents and managers who performed well at the last quarter of the year. It was a campaign in search of DISRUPTORS, salesforce members who would go against the odds of the pandemic, economic slowdown, and movement restrictions. The Disruptors recognized in the production category were LifePlanning Partner Henry Laural and Insurance Associate Grace Artiza while in the agency leaders category, Unit Manager Alfeo Rufo and Regional Manager for Visayas Sean Delos Reyes. A special moment was also given to Lifetime MDRT member, Executive LifePlanning Partner Ted Tinsay for consistently qualifying in the prestigious Million Dollar Round Table (MDRT).
The division introduced the new name for its salesforce, Agency Business Life Division (ABLD). Chief Marketing Officer, Mr. George Alcantara also presented his team’s game plan for 2021. The solid line-up is composed of his ball carriers - Regional Managers, Branch Managers, Agency Directors, Unit Managers, Insurance Associates, and Life Planning Partners and ball protectors, the very supportive offensive line up composed of various home office departments who are willing and able to try all ways, always to deliver the highest quality of service to policyholders. On the other hand, the defense lineup is composed of Agency Business Life Division directors, managers, and agents to help keep up with the ever-changing insurance industry. The established special teams are (1) Knowledge Management Group (KMG) to ensure that learning is continuous for all (2) Product Innovation Partners (PIP) to ensure that products to be developed are responsive to the needs of the market and (3) Social Media Side (SMS) to increase the Paramount’s brand presence and reach in the digital world. Bohol - Golden Peak Branch Manager Jennifer Echavez as an agency leader and Life Planning Partner Ted Tinsay as an insurance advisor shared experiences and best practices to inspire the ABLD team.
Four keywords that drove the event and the ABLD playbook - withstand, understand, standout and standard. Hence, The Stand is coined as the name of the event. Withstanding challenges, understanding the market to continuously be relevant, standout over the competition with the unique Paramount standards. President and COO, Mr. George Tiu, and CEO and Chairman, Mr. Patrick Go, also graced the event with messages of assurance that Paramount is equipped to weather challenges along the way and is adept with the changing times. The event closed with the announcement of the new recognition criteria in all levels of the agency and putting the next recognition trip destination to a vote.
Paramount Offices Early Knock-Off
December 23, 2020
Small Wins for the Big Win: The 2020 Paramount Life Recognition Program
December 19, 2020
Paramount Life upholds the tradition of recognizing the best performances of its hard working sales force in the grandest possible way. With the pandemic limiting travel and gatherings, the Paramount Life Recognition programs took place in Zoom last December 17 for the Life Planning Partner channel while the Direct Agency program was held on the 18th.
The biggest winner for the LPP channel was Mr. Ted F. Tinsay for qualifying at the Silver Level of the Presidential Cup and achieving lifetime MDRT membership with 10 consecutive years of qualification. On the other hand, the Direct Agency Group recognized the 2020 Trip Incentive Qualifiers from Dasmarinas-Mt. Pico De Loro branch, Mr Onesimo L. Jusay and Ms. Tessie B. Domosmog of Cebu-Thunder Peak branch. In attendance were the ever-supportive Home Office team heads, the winners’ agency leaders and members of their respective agencies.
The program’s theme was “Small Wins for the Big Win”, emphasizing the importance of breaking down a task when it seems to be too grand to be completed. Every step taken - every meeting set, every prospect turned into a policyholder and every policy kept inforce took part in each of the winners’ success.
Holiday Schedule for December 2020
December 7, 2020
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:
Drop your written request at any of Paramount Life branches nearest you.
Fax your written request at 8772-9297 .
Paramount Rallies for a Strong 2020 Finish
November 17, 2020
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
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:
You may also reach out to us at firstname.lastname@example.org.
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:
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:
0917.847.2577 / 0998.848.9884
Policy Services and Claims
Regional Manager for Sales
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 1. We 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.
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
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
Paramount Business Operations amid COVID-19
March 20, 2020
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.
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.
Policy Services & Claims - Mobile No. 0917.597.2074
Marketing - Mobile Nos. 0917.875.1425 , 0917.490.3978
Claims - Mobile Nos. 0917.5971.261 , 0917.597.9244 , 0998.844.7074
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
Paramount Life & General Insurance Corporation suspends business operations in Luzon region
March 16, 2020
Paramount Life & General Insurance Corporation participates in the 15th Mercedes Trophy Tournament
March 4, 2020
(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.
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
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
LifePlanning Partner Channel has moved to a new location
December 5, 2019
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
(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.
Other branches affected by the change:
BONIFACIO GLOBAL CITY
+(02) 8 808 6610
+(02) 8 810 2051 to 53 / +(02) 8 869 2474
Tel. +(02) 8 852 0102
Tel. +(02) 8 772 9264
Telephone +(02) 8 411 7054 / +(02) 8 373 1786
Tel. +(02) 8 241 1986 / 8 241 2074 / 8 241 2064
+(02) 8 523 7779 / 8 523 7980
+(02) 8 723 2156 / 8 705 1925
PLGIC'S EXECUTIVE OFFICERS JOIN MUNICH RE'S 2019 CEO Summit
June 13, 2019
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 email@example.com
Paramount Life & General Insurance Corporation participates in the 14th Mercedes Trophy Tournament
March 15, 2019
(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.
Photos of participants visiting Paramount’s booth before the start of the tournament
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
(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
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
We are excited to share with you the launch of our redesigned website.
It also showcases these new functions to make your experience of our site better.
- 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.
- Forms Page: a collection of downloadable forms that you can use for policy changes, payment or claims.
- 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
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
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
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
(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
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 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
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
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.
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.