Requested from IC by K. Vicente at 04:30 PM on
Nov 18, 2020.
Purpose: Status of liquidation and claims
Date of Coverage: 05/01/2013 - 11/18/2020
Tracking no: #IC-021897707259
Vicente 04:30 PM, Nov 18, 2020
Hi, I am Kristine Vicente, one of the many policy owner of insurance with Philippine Prudential Life Insurance Company Inc. I would like to know when I am going to get my claims, and whats the status of their liquidation. Its been so long since the last talk I had with the company and up until now, they have no update. I tried to call them awhile ago but no one answers it.
Hoping for your response. Thank you.
Cuenta 07:56 AM, Nov 20, 2020
November 20, 2020
Dear Kristine,
Thank you for your request dated Nov 18, 2020 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Philippine Prudential Life Insurance Company Inc..
We received your request on Nov 18, 2020 and will respond on or before Dec 09, 2020 04:30:32 PM, in accordance with the Executive Order's implementing rules and regulations.
Should you have any questions regarding your request, kindly contact me using the reply function on the eFOI portal at https://foi.gov.ph/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTAyMTg5NzcwNzI1OQw, for request with ticket number #IC-021897707259.
Thank you.
Respectfully,
John Philip Cuenta
FOI Officer
Espejon 01:19 PM, Jul 14, 2021
July 14, 2021
Dear Kristine Vicente,
Greetings!
Thank you for your request dated Nov 18, 2020 04:30:32 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
Your Request
You asked for Philippine Prudential Life Insurance Company Inc..
Response to Request
May we inform you that concerning the status of the claims against the PPLIC, the Insurance Commission's (IC) Conservatorship, Receivership and Liquidation Division has advised the following:
1. PPLIC is currently in the process of Liquidation with Atty. Iris Sylvia L. Bonifacio as the designated Liquidator. The public was already notified of the liquidation status of the company, through a Notice to the Public that was published in the Philippine Star newspaper on 02, 09 and 16 March 2018.
2. The public was also notified of the PPLIC's assets to be sold in a Notice of Sale published in the Philippine Star on 26 April 2020. The IC shall be posting another Notice when the settlement of claims will start. Meanwhile, the Liquidator is working on liquifying the corporate assets of the company.
3. For further updates and information, the claimant/policyholder may contact PPLIC through mobile numbers 0917-5777542 and 0966-7261999, as well as email address at philippineprudential@yahoo.com. The office address is 510 5/F AIC Burgundy Empire Tower, ADB Ave. cor. Garnet and Saphire Road, Ortigas Center, Pasig City.
Your right to request a review
If you are unhappy with this response to your FOI request, you may ask us to carry out an internal review of the response by writing to Mr. Revelyn Mojica email address rr.mojica@insurance.gov.ph. Your review request should explain why you are dissatisfied with this response, and should be made within 15 calendar days from the date when you received this letter. We will complete the review and tell you the result within 30 calendar days from the date when we receive your review request.
If you are not satisfied with the result of the review, you then have the right to appeal to the Office of the President under Administrative Order No. 22 (s. 2011).
Thank you.
Respectfully,
Tranquilino Espejon
FOI Receiving Officer
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