Taguig City, 29 April 2024 – Pru Life UK’s newly appointed CEO, Sanjay Chakrabarty, met with the Insurance Commissioner Atty. Reynaldo Regalado (right) to reinforce the company’s commitment and support to the Insurance Commission’s goal to advance financial literacy & inclusion in the country and good governance in the insurance sector.
Strengthening their commitment to providing better financial protection for Filipino families, IC Commissioner Regalado and Mr. Chakrabarty shared their insights and plans to bolster financial literacy initiatives, improve governance standards, and expand access to insurance products, particularly among vulnerable and underserved populations. Providing financial protection to the Muslim community is another key priority of the Commission, to which Pru Life UK pledged its support and commitment.
“It was an honour to meet Insurance Commissioner Atty. Reynaldo Regalado and reinforce Pru Life UK’s commitment to achieving our shared goals of increasing insurance penetration in the Philippines and elevating good governance in the life insurance industry,” Chakrabarty shares.
Pru Life UK is the leading life insurer in the Philippines, recording the highest New Business Annual Premium Equivalent (NBAPE) in 2023.
About Pru Life UK
Established in 1996, Pru Life UK is the pioneer of insuravest, or investment-linked life insurance products, in the Philippines and is one of the first life insurance companies approved to distribute US dollar-denominated investment-linked life insurance policies in the country. Since its establishment, Pru Life UK has expanded its reach to over 170 branches and general agency offices in the Philippines, with the largest life insurance agency force with more than 42,000 licensed agents.
The company ranks #1 for New Business Annual Premium Equivalent and Total Premium Income from Variable Life Insurance Products according to the Insurance Commission’s Life Insurance Sector Quarterly Statistics for 2023. Pru Life UK is headquartered in Uptown Bonifacio, Taguig City
Pru Life UK and Prudential are not affiliated with Prudential Financial, Inc. (a company whose principal place of business is in the United States of America), Prudential Assurance Company (a subsidiary of M&G plc, a company incorporated in the United Kingdom), Philippine Prudential Life Insurance Company, Prudentialife Plans, Inc. or Prudential Guarantee and Assurance, Inc. (all Philippine-registered companies). Pru Life UK is a life insurance company and is not engaged in the business of selling pre-need plans.
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