#DoingGoodWhileDoingWell : #Philam Life Gives back to Community

The Philam Group of Company has been an advocate of giving back to the community. This year, they pledge to do more to intensify their CSR efforts.

It was indeed a special event for the Philam history as specified by Gordon Watson,the AIA Group Regional Chief Executive Officer, that was conducted recently at their main office in Makati.
As a company, Philam Life is very much aware of its social corporate responsibility of "Doing Good While Doing Well".
In 1997 during its 15th anniversary, it formalized its commitment to establish its Philam foundation.
Philam since then implemented projects and programs that try to address both internal and external stakeholders. Its implemented programs covered health, education, arts, culture, and livelihood promotion.

In recent years, it focuses its attention to education and launched its flagship program "Philam Paaralan" that has done remarkably well -- filled more than 100 classrooms in 4 years.
They've started the Philam Paaralan with a modest commitment to build 65 classrooms in 5 years to commemorate their 65th anniversary. But as what have mentioned earlier, they did more with 100 classrooms in just 4 years.

And with the infusion of additional resources to Philam foundation to this whole CSR thing, they are on their way to double their target and build 130 classrooms in 5 years just in time with their 70th anniversary next year.
Philam Paaralan has worked closely with the Dept. of Education with a lot of inspiring stories to tell.
They've constructed classrooms without any more using hollow blocks for calamity and safety reasons.
The Philam Paaralan is faster, cheaper, and stronger than the conventional method.
Comes fully-furnished with tile floors, chairs and table, plus well-lit and ventilated with restroom and wash facilities.
One such classroom is in Daet Camarines Sur which they've built in partnership with the insurance commissioner, Hon. Emmanuel Dooc.
Each Philam Paaralan is a symbol of partnership, collaboration, and hope.
It becomes a platform of partnerships within the school, community, local government, and the owners.
It truly shows that a lot can be done if we unite and work as one and provides big hope at the aftermath of a calamity and can rise above all adversity.

In line with this, they are doing the right thing in the right way to the right people and today they are hoping to do more good while doing well.

They had the signing of institutionalize annual contribution of CSR based on the percentage of the net income of Philam Group of Companies.

They are proud of their initiative that reflects the value of Philam Life and the AIA as well as their collective effort to drive not only the economic growth and financial stability but social development overall.
In 2014, they are number 1 in net income industry with over 6 billion pesos income and that translates to over 30 million pesos in CSR commitment for 2016. So in 2015, they did 7.5 billion in net income and 40 million pesos in CSR in 2014.

This whole agreement will serve an inspiration for Philam family for them to strive and give their best everyday and give out a lot more to the community by Doing Good While Doing Well.

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 PHP226.8 billion in total assets as of 31 December 2014 and has delivered timely payouts of over PHP9 billion in education benefits (2004-2014) and over PHP118 billion in insurance benefits (1950-2014), while serving close to 600,000 individual policyholders and over 1,700,000 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.

About AIA

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 26 per cent joint venture in India and representative offices in Myanmar and Cambodia.

The business that is now AIA was first established in Shanghai over 90 years 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$172 billion as of 31 May 2015. 

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”).

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