The Philam Group’s CSR arm, Philam Foundation (PFI), continues its philanthropic endeavours by continuing its partnership with the Happy Hearts Fund (HHF), which aims to rebuild safe, resilient schools in areas impacted by natural disasters. PFI and HHF recently signed an agreement for another joint project to build nine classrooms worth US$225,000 (Php10Million).
The Happy Hearts Fund was founded in 2006 by Petra Nemcova after she survived the 2004 Indian Ocean Tsunami. Its mission aligns perfectly with the Philam Paaralan program of Philam Foundation, which aims to build classrooms in calamity-stricken areas around the country with the assistance of the Department of Education. To date, the program has constructed 101 classrooms since it started 4 years ago in 2012.
Present during the MOA signing at the Philippine Consulate in New York City were (from left) PFI President Max Ventura, Ms Universe Pia Wurtzbach, who lent her support for this project that will benefit her fellow “kababayans”, HHF Founder and President Petra Nemcova, Handang Tumulong President Nelsie Parrado and Philippine Consul Felipe Cariño III.
For more information on Philam Foundation please visit www.philamlife.com
# # #
About Philam Life
The Philippine American Life and General Insurance Company (Philam Life) is the country’s premier life insurance company. Established on 21 June 1947, Philam Life has earned the trust of customers for its financial strength, strong brand name, and ability to deliver on its promises.
Philam Life has PHP236.4 billion in total assets as of 31 December 2015 and has delivered timely payouts of over PHP10 billion in education benefits (2004-2015) and over PHP131 billion in insurance benefits (1950-2015), while serving close to 600,000 individual policyholders and over 2 million insured group members.
Philam Life understands the real life needs of its customers and provides the right plans and the right solutions including life protection, health insurance, savings, education, retirement, investment, group and credit life insurance. It also offers bancassurance and fund management products and services through its subsidiaries – BPI Philam Life Assurance Company (BPI-Philam) and Philam Asset Management Inc. (PAMI).
Philam Life is a member of AIA Group Limited, the largest independent publicly listed pan-Asian life insurance group.
AIA Group Limited and its subsidiaries (collectively “AIA” or the “Group”) comprise the largest independent publicly listed pan-Asian life insurance group. It has a presence in 18 markets in Asia-Pacific – wholly-owned branches and subsidiaries in Hong Kong, Thailand, Singapore, Malaysia, China, Korea, the Philippines, Australia, Indonesia, Taiwan, Vietnam, New Zealand, Macau, Brunei, a 97 per cent subsidiary in Sri Lanka, a 49 per cent joint venture in India and representative offices in Myanmar and Cambodia.
The business that is now AIA was first established in Shanghai almost a century ago. It is a market leader in the Asia-Pacific region (ex-Japan) based on life insurance premiums and holds leading positions across the majority of its markets. It had total assets of US$181 billion as of 31 May 2016.
AIA meets the long-term savings and protection needs of individuals by offering a range of products and services including life insurance, accident and health insurance and savings plans. The Group also provides employee benefits, credit life and pension services to corporate clients. Through an extensive network of agents, partners and employees across Asia-Pacific, AIA serves the holders of more than 29 million individual policies and over 16 million participating members of group insurance schemes.
AIA Group Limited is listed on the Main Board of The Stock Exchange of Hong Kong Limited under the stock code “1299” with American Depositary Receipts (Level 1) traded on the over-the-counter market (ticker symbol: “AAGIY”).