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Pre-need industry income surges to ₧2.1B | Bernadette D. Nicolas

THE pre-need industry saw its total net income surging to P2.1 billion last year as it sold more life plans amid the Covid-19 pandemic. Latest data from the Insurance Commission showed total net income of the industry jumped by 36.73 percent from P1.55 billion in the same period in 2020.… ....

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IC places Eternal Plans under conservatorship

The Insurance Commission (IC) has placed another pre-need firm under conservatorship due to trust fund deficiencies, the Department of Finance (DOF) said on Thursday, March 3.

In a statement released by the DOF, the IC said the agency ordered Eternal Plans Inc. (EPI) to be placed under conservat ....

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Eternal Plans placed under conservatorship

The Insurance Commission has placed pre-need provider Eternal Plans Inc. under conservatorship for its failure to deliver the backlog in its trust fund. ....

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IC places pre-need firm under conservatorship

The Insurance Commission (IC) has placed pre-need firm Himlayang Pilipino Plans, Inc. (HPPI) under conservatorship due to poor financial management.

In a statement, Insurance Commissioner Dennis B. Funa said on Monday, Jan. 24, that HPPI was placed under conservatorship following its “continuing ....

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