PLGIC and Sony Life Japan Deepen Sustainable Partnership

May 27, 2024

In the photo, from left to right are Mr. Yoshiki Moriyama, CEO of SLJ Financial Advisers Pte Ltd, PLGIC President & COO, Mr. George Tiu, and Chairman & CEO, Mr. Patrick Go, and Mr. Kaoru Takahashi, SLJ President.

Executives of Paramount Life & General Insurance Corporation (PLGIC) and Sony Life Japan (SLJ) recently met in Tokyo to reaffirm their ongoing collaboration. This partnership, which began with PLGIC's acquisition of Sony Life's Philippine operations in 2012, capitalizes on shared knowledge and resources. Building on the foundation of LifePlanning Partners (LPPs) process, PLGIC has become a champion for personalized insurance solutions. LPP specialists work directly with clients to craft coverage that adapts to their evolving needs, acting as long-term financial consultants. This commitment ensures clients receive the proper insurance protection throughout life's various stages.

Paramount Non-Life Cebu Branch Moves to a New Location

May 13, 2024

Our Non-Life Cebu branch will move to the center of the Cebu business district on May 27, 2024.

Non-Life Cebu Branch new location:

6th Floor, 2Quad Building, Cardinal Rosales Avenue, corner Sumilon Road, Cebu Business Park, Cebu

	+(032) 260 - 0808 loc. 2607-2608
	+(63) 917-5972075

Our doors are open to clients and partners from 8:00 AM to 5:00 PM, Monday through Friday, excluding holidays. Safeguarding your assets and reducing risks for property, auto, and travel, as well as customizing coverage to help you satisfy non-life insurance requirements like bonds and cargo protection, are all considerations when it comes to insurance, whether for personal or business use. Connect with our seasoned and professional Cebu team to help you find the perfect solution to your needs.

Paramount Tees Off at the 16th Mercedes Trophy

March 20, 2024

Paramount Life & General Insurance Corporation (Paramount) swung onto the fairway to further strengthen its partnership with Mercedes-Benz Philippines at the 16th Mercedes Trophy held on March 18, 2024, at the Santa Elena Golf Club in Laguna. Highlighting the importance of this collaboration is the attendance of Paramount’s Chairman and CEO Mr. Patrick Go, President and COO Mr. George Tiu, who represented the company in the ceremonial tee-off, along with the Head of Brokers and Specialty Lines Mr. Larry Wu and Head of Legal, Atty. Rigel Tugade.

A Shared Legacy of Excellence

Paramount and Mercedes-Benz’s relationship is forged with the shared value of commitment to excellence, innovation, and delivering premium customer experience. The Mercedes Trophy is a global, invitation-only tournament for Mercedes-Benz owners. National qualifiers vie for the ultimate title in Stuttgart, Germany. The event kicked off in style on March 7th with a Sponsors Night held at Solaire to mark the start of the Philippine qualifiers of the tournament. This exclusive dinner brought together the major sponsors and partners.

From left to right – In the photo are executives form Inchape, Mr. Greg Yu (Chairman, Inchcape Philippines), Mr. Alex Hammett (Managing Director of Inchcape South Asia and the Pacific), Paramount Chairman/ CEO, Mr. Patrick Go and President/ COO, Mr. George Tiu, and Mr. Frankie Ang (COO of Inchcape Philippines) at Sponsors Night held at Solaire on March 7, 2024.

Paramount Builds Camaraderie Through Epic Battle Royale Outing!

March 15, 2024

Paramount is all about building a strong team spirit! That's why we dedicate a special day each year for employees to bond and have fun, fostering camaraderie across departments. The annual company outing was held on March 15 at the Virgin Beach Resort in Laiya, Batangas. This year, the outing committee, spearheaded by Mr. Ross Philip Palacio, Head of Group Underwriting, went with a unique Battle Royale theme. Nearly 300 employees from NCR offices and the Southern Tagalog region joined the friendly competition. Teams were randomly assigned, ensuring everyone got the chance to meet new colleagues and forge new connections. It was a day filled with laughter and teamwork – the perfect recipe for building lasting bonds!

Igniting safety and extinguishing risks

March 08, 2024

March is here, and with it comes an important reminder to stay safe. This month serves as a timely call to action, mobilizing individuals and communities to give priority to taking preventive and mitigating measures against the destructive effects of fire. 

Every year, fires destroy houses, businesses, and forests, resulting in irreversible property damage and, most tragically, the loss of innocent lives. While it's not always possible to completely prevent fires, collaborative efforts in education, preparedness, and preventative measures greatly lower the dangers associated with them. In this blog, we will tackle some important tips to guarantee safety at home.

1. Kitchen safety

   Cooking in the kitchen is where most home fires start, so be careful when doing so. Following safe cooking practices will help keep you and your family safe, whether you're preparing a tiny snack or a large family feast.

2. Install smoke detectors

   Ensuring that your smoke detectors are properly installed is one of the first and most crucial steps towards safety. To prevent false alerts when cooking, it is recommended that smoke detectors be installed at least 10 feet away from a cooking appliance. Moreover, It is best to test and replace the alarm's batteries regularly, or at least once a year, as a broken alarm is worse than none at all.

3. Store flammable items properly

   It only takes minutes for flammable items to ignite and cause a house fire. Hence, it is advised to store flammables in appropriate containers and areas to reduce this danger. Additionally, you should never store your flammables in extreme temperatures, like direct sunlight, or open flames.

4. Keep matches and lighters away from children

   Keeping flammable items out of the reach of children is just as crucial as storing them properly. Children frequently play with objects without thinking about the possible outcomes. They also think flames are fascinating and connect them to blowing out birthday candles or fireworks. As such, it's critical to teach kids that matches and lighters are not games and that fire is a deadly object.

5. Create an escape plan and be prepared

   The best route is usually the normal way in and out. However, in case the location of the fire restricts you from easily getting out, it is crucial to have a backup plan. If you live in a two-story home, you should consider whether you will need a portable ladder to escape through a window, roof, or balcony.

Following these home fire safety tips and remaining vigilant can reduce the risk of fires and keep your home and loved ones safe. Equally important is an insurance plan that offers coverage for physical loss or damage brought on by lightning and fire. In the event of an uncontrolled disaster, be assured that Paramount's fire insurance will protect your property's value. For more information, visit https://plgic.ph/FireandAlliedPerils  

Paramount encourages all policyholders to revisit their life insurance plans

January 14, 2024

Paramount policyholders are called on to do a policy checkup for benefit eligibility. Life insurance policies with maturity (lump sum payouts at the end of the policy’s term) or anticipated endowment (periodic payouts during the policy’s lifetime) benefits provide their owners with financial security and flexibility during key life stages.  

A policy checkup will only take a few minutes.

• Look for your policy contract.
• Refer to the General Provisions section for details and eligibility conditions.
• Consult the Paramount Policy Service team for questions or concerns.

		8772 9200 loc. 1092
		09175972074
		policyservice@paramount.com.ph

Review your policy today, and do not let these valuable living benefits go unclaimed.

Paramount stands by its promise of protecting what matters most to its policyholders with the guarantee that benefits deserved are paid in full.

Paramount Life & General Insurance Corporation acquires Macondray Finance Corporation (MFC)

November 28, 2023

Paramount Life & General Insurance Corporation (PLGIC) is pleased to announce its recent acquisition of Macondray Finance Corporation (MFC) , a subsidiary specializing in consumer loan financing. This significant development marks an exciting chapter in PLGIC's journey towards continuous evolution and innovation.

PLGIC has consistently aimed to address the diverse needs of its clients, and the acquisition of MFC represents a strategic move to expand the range of services and enhance its market position.

The expertise of MFC in serving the retail loan market and providing consumer loans aligns seamlessly with PLGIC’s existing business lines. This acquisition brings together the complementary strengths of both companies, enabling the delivery of a more comprehensive and diversified range of financial solutions to valued clients.

The gratitude goes to the steadfast commitment of PLGIC's supporters, and the company looks forward to embarking on this new chapter of growth and success with MFC as a valuable addition to the team.

Paramount Wins at ESG Business Awards 2023

November 11, 2023

Paramount Life & General Insurance Corporation Appoints New Independent Director, Jerome S. Tan

October 25, 2023

Paramount Life & General Insurance Corporation (PLGIC) is pleased to announce the appointment of Mr. Jerome S. Tan as the newest member of its Board of Directors, effective October 18, 2023.  Jerome S. Tan, a Singaporean national, brings a wealth of experience and expertise to PLGIC. With over 30 years of exceptional accomplishments in finance, strategic planning, business development, and acquisition/integration, Mr. Tan has a proven track record of driving growth and success in multinational organizations. Most recently, Mr. Tan has been the President of Integrated Micro-Electronics, Inc. (IMI) since June 2021. Prior to his appointment as President, he also held the position of Senior Managing Director and Global Chief Financial Officer, where he provided exemplary leadership, direction, and management of all finance functions, including treasury, financial planning & analysis, and controllership. Aside from his role at IMI, Mr. Tan concurrently serves as an Independent Director of PAL Holdings, Inc. and Philippine Airlines, Inc., further showcasing his strong expertise in the aviation industry. Prior to his time at IMI, Mr. Tan held key regional leadership roles in multinational banking and finance companies, as well as the food and beverage industry, across the Asia Pacific Region. Notably, he served in various finance and business development positions within GE Capital, including Chief Financial Officer for CNBC/NBC Universal Asia Pacific, GE Money Singapore, and GE Money Bank in the Philippines. Moreover, he was a crucial member of the management team at San Miguel Brewing International Ltd., where he managed treasury and financial planning, as well as corporate planning and business development. Mr. Tan started his career in banking at Robert Fleming, Inc., based in New York, and subsequently held a role as Assistant Director at First Pacific Bank Asia, Ltd. in Hong Kong. He holds a B.A. in Economics under the Honors Program from De La Salle University, and he obtained an MBA in General Management from the Darden Business School at the University of Virginia. With Mr. Tan's extensive experience, strategic vision, and global mindset, PLGIC  is confident that his appointment as an Independent Director will greatly benefit the company and contribute to its continued growth and success. "We are thrilled to welcome Mr. Jerome S. Tan to our Board of Directors," said Mr. Patrick L. Go, CEO/Chairperson. "His immense knowledge and expertise in finance, strategic planning, and business development will undoubtedly strengthen our leadership team and support our strategic initiatives. Mr. Tan's appointment reflects our commitment to fostering a diverse and skilled board, allowing us to continue delivering exceptional value to our stakeholders."

Paramount Direct Team to Occupy 14th Floor of Sage House During Renovation Period

August 11, 2023

The Paramount Direct Team will temporarily hold an office on the 14th floor to carry out renovations. All transactions - policy inquiries and other related matters, document submissions, and premium payments shall be directed to this floor.

The move shall not change any of our contact details and the level of service to expect.

Business Hours:
8:00 AM - 5:00 PM
Monday-Friday except on holidays

Reach us at any of these platforms:
Hotline Number: (02) 8539 5200
Mobile Numbers:
Globe: 0917 558 39 69
Smart: 0998 842 19 57
Email: direct@paramount.com.ph or Facebook: facebook.com/plgic

The Paramount Direct Team wishes to welcome you to a spruced-up workspace by December 2023.

Thank you for your continued trust and support.

Paramount recognized as Best General Insurer at the Insurance Asia News Country Awards for Excellence 2023

August 1, 2023

Paramount recognized as Best General Insurer at the Insurance Asia News Country Awards for Excellence 2023

Chairman and CEO, Mr. Patrick L. Go is proud and grateful to announce the recognition for Paramount Life & General Insurance Corporation as Best General Insurer for Philippines.

“Our commitment to protecting what is important to our clients has propelled us to stand out in this category. It is in the trust and confidence of our clients allowing us to effectively manage risks that we are able to be the best at what we do. We strive to perform in the best interests of our stakeholders with responsible underwriting processes, dedicated employees and partners.

Looking back to our establishment in 1950, our founding chairman, Mr. Daniel C. Go, envisioned a company that would provide positive and lasting experiences for all stakeholders. Today, we are a step closer to fulfilling his vision. Thank you everyone, especially our Vice Chairperson, Rosanna L. Go^✝, for your support and loyalty."

PARAMOUNT EXECS GET TOGETHER WITH FRIENDS FROM SONY LIFE JAPAN

APRIL 14, 2023

MANILA, Philippines – Paramount Life & General Insurance Corporation’s top executives led by Patrick L. Go (Chairman & CEO) , George A. Alcantara (SVP & Chief Marketing Officer for Agency Business Life Division) and Emelyn L. Ramos (VP – Head of Life Operations) hosted a get together lunch earlier today April 14, 2023 with its friends and colleagues from Sony Life Japan (SLP).

Paramount Operating Schedule for the Holidays

December 22, 2022

In line with the celebration of the holiday season, Paramount will observe the declared national and special non-working holidays.

In case of immediate concerns, please email insure@paramount.com.ph

Paramount Life and Non-Life Naga Branches are Onto a New Location

DECEMBER 1, 2022

A new site was hand-picked by the Paramount Life and Non-Life Naga teams to make our wide range of life and non-life products more accessible. Our new office is situated just 5 minutes from the Naga City Transportation Terminal. Paramount clients and partners in the area can drop by the office from 8:30 AM to 5:30 PM, Monday to Friday, except on holidays, for any application or policy concerns.

LIFE		NON-LIFE
	(054) 473.0443		(054) 472.7926
	(054) 884.2053		(054) 881.1670
	0917.597.2051		0917.633.8036

Paramount Primaries: The Agency Business Life Division 2022 Kickoff

February 17, 2022

To prime its agency force for a successful 2022, the Agency Business Life Division hosted a kickoff Zoom meeting called the Paramount Primaries last February 15. Agents and leaders from its five regions-North and South Luzon, Visayas, Mindanao, and the LPP channel were present to declare their production and recruitment commitments.

The program wrapped up 2021 and mapped out 2022 for ABLD. 

Chief Marketing Officer Mr. George A. Alcantara opened the program with a business review. The winners in the national campaigns were recognized.

Leading Champions

The Leading Champions, launched in 2021, is a search for the best member of the agency at each functional level.

Insurance Associate Level
Ms. Grace Artiza of KLB-Mt. Charleston Branch

Branch Manager Level
Ms. Jennifer Echavez of BHL-MT. Golden Peak Branch

Regional Level
Mr. Ronald Zapanta of North Luzon

2020-2021 Recognition Cup

The destination for the trip, determined through a vote, was Japan. Open to the entire ABLD salesforce, the First Year Premiums (FYPs) of 2020 and 2021 are the basis for qualification.

2022 Trip Qualifiers

Ms. Grace Artiza of KLB-Mt. Charleston Branch
Mr. Ted Tinsay of LPP Team Bamboo

The 2021 wrap-up ended with the Paramount family's well wishes to the longest-tenured Regional Manager of the Agency, RM Ernesto Montalban of South Luzon, retiring.

The mapping of 2022 opened with the CMO's announcement of ABLD's vision, targets, and action plans for growth. Though apart, the distance among the Agency Leaders did not stop them from presenting a collaborative video of their respective agencies' FYP and recruitment targets. The 2021 Regional Manager Leading Champion was given time to share how the North Luzon Region region ended at the top.

The theme, Paramount Primaries, is a primer for the planned changes in ABLD to unite the paradigms of the Life Division sales channels through the consolidation of the fundamentals of its operations-proposal system, rationalization of the products, solution-making, digital presence and image, and recruitment process and career path.

Paramount's Chairman & CEO, Mr. Patrick Go, and President & COO, Mr. George Tiu, expressed their gratitude for the ABLD's hard work, congratulations to the winners, support to the plans, and put up the challenge of exceeding expectations for 2022.

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 Oct. 16,  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.

Set a LifePlanning Session 10F Sage House 110 VA Rufino Street, Legaspi Village, Makati City  +(632) 8772.9269 +(632) 8772.9223 insure@paramount.com.ph

Non Life Cabanatuan Service Office moves to a new location

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.

Contact Numbers:

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:

Email: policyservice@paramount.com.ph
Drop your written request at any of Paramount Life branches nearest you.
Fax your written request at 8772-9297 .
Your Agent.

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 Protect your vehicle’s computer box or ECU (Electronic Control Unit).  Immediately disconnect the negative cable of your car battery.  This will prevent any possible short circuit. Jack up your vehicle with a car jack or bring it to higher ground by pushing. Disengage and release the parking brake. For vehicles with manual transmission, keep the transmission in 1st gear while keeping it at  "P" for automatic transmission. Take photos from both inside and outside the vehicle for documentation of the damage and of how deep it was submerged. This will be useful in determining the extent of the damage for insurance claims and/or as reference for the mechanic who will attend to your car. Give your car time to drain the water by waiting at least 24 hours before starting it. If the dashboard is submerged in water, do not at all attempt to start the engine. Check the car’s lubrication using the oil dipstick.  Should there be traces of water, do not attempt to start the engine. If the car is submerged below the centerline of the wheels, air the vehicle out.  Remove all the mats as well as the seats if possible before attempting to start the engine to ensure that all wires and electronics are dry.  If completely unsure of the extent of the damage, have the vehicle inspected by a professional mechanic or have it towed instead. 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: Police Report or notarized affidavit.  Original copy will be required. Vehicle OR and CR Driver’s license Vehicle inspection report Repair estimate Our team will advise you where to have the vehicle inspected and repaired. Barangay Certificate  You may also reach out to us at insure@paramount.com.ph.

Bayanihan to Recover as One Act 2 Extends Grace Period for Regular Life Insurance Policies

October 9, 2020

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:

Non-Life
Officer-in-Charge
manuel.abrigo@paramount.com.ph
0917.847.2577 / 0998.848.9884

Product Inquiry
ricky.tubio@paramount.com.ph
0917.539.3810

melesa.ylagan@paramount.com.ph
0922.820.2571

Underwriting
haydee.upano@paramount.com.ph
0942.486.6268

Claims
eleazar.ferraren@paramount.com.ph
0917.770.3102

Life

Policy Services and Claims
0917.597.2074

Regional Manager for Sales
sean.delosreyes@paramount.com.ph
0917.556.9601

Branch Assistants
mariamae.lapingcao@paramount.com.ph
0917.597.2065

joselito.saromines@paramount.com.ph
0917.597.2043

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.

Contact Numbers:

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

May 18,2020

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.

Email : insure@paramount.com.ph
Website: www.paramount.com.ph/contact-us
Facebook: www.facebook.com/plgic
Instagram: www.instagram.com/paramount/

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.

LIFE DIVISION

Policy Services & Claims   - Mobile No. 0917.597.2074

NON-LIFE DIVISION

Marketing - Mobile Nos. 0917.875.1425 , 0917.490.3978
Claims - Mobile Nos. 0917.5971.261 , 0917.597.9244 , 0998.844.7074

PARAMOUNTCARE

OFW INSURANCE

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

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

Other branches affected by the change:

LIFE DIVISION

BONIFACIO GLOBAL CITY
+(02) 8 808 6610

MAKATI
+(02) 8 810 2051 to 53 / +(02) 8 869 2474

VILLAMOR
Tel. +(02) 8 852 0102

PARAMOUNT DIRECT

Tel. +(02) 8 772 9264

NON-LIFE DIVISION

QUEZON CITY
Telephone +(02) 8 411 7054 / +(02) 8 373 1786

MANILA
Tel. +(02) 8 241 1986 / 8 241 2074 / 8 241 2064

MANILA
+(02) 8 523 7779 / 8 523 7980

ORTIGAS
+(02) 8 723 2156 / 8 705 1925

PLGIC'S EXECUTIVE OFFICERS JOIN MUNICH RE'S 2019 CEO Summit

June 13, 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 info@paramount.com.ph

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

Atty. Karen Jill M. Espineli
Chief Compliance Officer
Head of Legal and Third Party Recovery
+632 772 9267
insure@paramount.com.ph

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. 

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

May, 2014

Ensuring Home Security from Disasters During Long Weekends

August 22, 2024

A brief getaway from our daily routines during this upcoming long weekend is just what we need to rest and recharge. However, leaving your home unattended can be risky, especially with the unpredictability of the rainy season. It’s crucial to ensure your house is safeguarded against natural disasters while you're away. Here are some tips to prepare your home for any potential emergencies over the long weekend.

1. Examine and Maintain Your Home: Make sure to check your house carefully before you leave in order to find and fix any vulnerable spots that may exist. Check your home for any leaks, damaged windows, or loose roof tiles that could be made worse by bad weather.
2. Secure Windows and Doors: Double-check to ensure all windows and doors are locked to maintain security. Use extra security measures such as window locks or security bars to reinforce vulnerable areas.
3. Plan for Weather-Related Catastrophes: Make sure your house is equipped to withstand natural disasters like floods, storms, or wildfires if you're traveling away from home. Store valuables and vital documents in waterproof containers and elevate electrical appliances in case of flooding.
4. Clean Gutters and Drains: To avoid water damage during heavy downpours, make sure gutters and drains are free of debris. Leaks and water damage can result from blocked gutters, particularly if you aren’t at home and are unable to solve the issue immediately.
5. Prepare Emergency Contacts: Give a dependable friend, neighbor, or family member a list of emergency contacts and other important information. This may be the phone numbers of emergency services and any relevant maintenance staff.
6. Invest in Insurance Coverage: Obtain a home insurance policy that covers various disaster scenarios. Protect your home and belongings by ensuring you're not financially vulnerable when disaster strikes with Paramount's Fire and Allied Perils Insurance plan. For more information, visit https://plgic.ph/FireandAlliedPerils

By taking these precautions, you can make sure your house is safe from calamities while you enjoy your long weekend. Preparing ahead of time will provide you with peace of mind, allowing you to relax and fully enjoy your time away.