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Tag: PNB

  • Allianz re-opens its new Agency Office in Davao

    Allianz re-opens its new Agency Office in Davao

    Allianz PNB Life (Allianz) reinforces its local presence with the re-opening of its Agency Office in Bajada, Davao. The company’s newly refurbished business center supports its growth strategy, which is to make life insurance more accessible to its clients in Davao.

    Allianz, a global leader in insurance, started its operations in the Philippines in 2016 and now has a total of 26 business centers in key cities across the archipelago. Strategically located on the 11th floor of Pryce Tower, Unit 111, Bajada, Davao, the newly re-opened Agency Office welcomes guests to a hub where customers can access financial services and start their financial journey with their trusted financial advisor, or Life Changers.

    Floro ‘Jun’ Marasigan Jr., Allianz Chief Agency Officer said the office expansion is part of the company’s strategy to drive customer growth by ensuring the delivery of personalized service and prioritization of the needs of customers.

    “The re-opening of our Agency Office in Bajada Davao further strengthens our reach—to secure the lives of more Filipinos and opening opportunities to a fulfilling and rewarding career as a Life Changer. At Allianz, you are not just starting a career but stepping into a legacy. We are developing our Life Changers to become among the best in the industry. While our Life Changers are helping our customers meet their financial goal, they are reaching their own career goals at the same time,” he said.

    Employer of choice

    Together with its growth efforts, Allianz PNB Life has been recognised with local and regional awards for corporate governance, Environmental, Social and Governance (ESG), and employee engagement.

    Allianz, a people-first workplace, was certified Great Place To Work for two years in a row. Its diversity, equality and inclusion programs were recognized by the 2024 HR Excellence Awards – Gold Excellence in Cross Generational Workforce Management. Moreover, Allianz received two Golden Arrows from the ASEAN Corporate Governance Scorecard, which evaluates corporate governance practices of publicly listed companies in the region, and was commended by the Insurance Asia News Country Awards 2024 as the Best in Bancassurance Partnership and Exceptional ESG Leader for its Environmental, Social, Governance framework on sustainability practices.

    Marasigan said the accolades strengthen the company’s commitment to building a customer-centric organization. “These awards are a testament to Allianz’s promise of securing your future, while reinforcing our goal to be your insurer and employer of choice,” he added.

    ALLIANZ PNB LIFE INSURANCE, INC.

    Allianz PNB Life, Inc. (AZPNBL) was established in 2016 through a joint venture between German-based Allianz Group and the Philippine National Bank (PNB).

    Allianz ranked as the top insurance brand and 29th overall in the 2024 Interbrand global rankings, and it is one of the most sustainable global insurers according to the Dow Jones Sustainability Index. Locally, AZPNBL is certified Great Place To Work and is recognized by the Insurance Business Asia as a Top Insurance Employer in 2024. The company plays an active role in the community, creating a better tomorrow through sustainability advocacies such as food rescue, financial inclusion, and youth empowerment.

    AZPNBL currently operates 25 business centers in key cities in the Philippines, with over 400 financial advisors serving customers of its bancassurance partner PNB, and 2,250 active Life Changers™ catering to its agency clientele nationwide. AZPNBL also has an exclusive distributorship arrangement with HSBC Insurance Brokers Philippines, offering insurance propositions to HSBC Wealth clients. AZPNBL Life Changers™ are committed to the purpose of securing the future of Filipinos in their lifetime financial planning, wealth accumulation, and well-being aspirations, by offering a wide range of life and health insurance products catering to specific needs.

    Reference & Media Contact:

    Lariza Garcia

  • Allianz PNB Life Extends Availability of Wealth Building Product STEP UP 7

    Allianz PNB Life Extends Availability of Wealth Building Product STEP UP 7

    Wealth building and wealth protection are two important aspects to consider given the current economic situation in the country. It is important for Filipinos to boost their savings and ensure that their assets grow, so that they are protected for their future needs.

    Allianz PNB Life (AZPNBL) remains committed to its purpose of securing more Filipinos by helping them build wealth as their protection and legacy to their families through its STEP UP 7 financial product. STEP UP 7 stands for Short-Term Endowment Plan with Uniform Payouts. It is a single-pay, non-participating endowment life insurance plan that matures in 7 years.

    Stable income stream

    The STEP UP 7 is ideal for individuals who want to add another stable and guaranteed stream of income to boost their savings while enjoying the benefits of insurance coverage. The plan offers guaranteed protection, maturity benefits, and an additional annual payout of 3.25% for 7 years.

    Since its launch in 2019, it has garnered the attention of customers becoming one of the most availed products of AZPNBL. Its popularity among customers led to the roll-out of the product’s third tranche with an allocation of 2 billion pesos.

    AZPNBL opened the third tranche in May 2023 with an adjusted coupon rate to adapt to current market trends and prevailing yield rates. It garnered even faster sales due to the attractive coupon rate offered to both new and repeat customers.

    Opportunity to build a legacy

    Given its success, AZPNBL has decided to extend the STEP UP 7 offer starting January 15, 2024, until supplies last. This extension allows more customers to avail of this plan and take advantage of its benefits of boosting their savings.

    Allianz PNB Life Chief Product Provider Officer Leo Tan, Jr. says, “I am immensely proud and excited to reintroduce our special proposition, STEP UP 7. It is tailored specifically to the unique financial needs and preferences of Filipinos and is designed to provide guaranteed savings and protection for those seeking medium to long-term financial solutions.

    Our proposition includes a guaranteed payout feature that allows customers to save up over time with the additional payout every year, while providing a level of protection with insurance coverage. This ensures that Filipinos can achieve financial stability and security while they work towards their financial goals. We understand the importance of financial security for Filipinos, and we have designed the STEP UP 7 propositions with this in mind. We take into account the long-term outlook and affinity of Filipinos towards financial planning, ensuring that our proposition aligns perfectly with their needs.”

    The STEP UP 7 product is exclusively available to PNB customers. Find out more about the product through AZPNBL Life Changers by visiting the nearest PNB branch.

    Reference:

    Lariza Garcia