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    Date: 2021-03-15 20:36:00.496964

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    Date: 2021-03-18 11:55:02.836331

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    Date: 2021-07-14 13:39:15.553020

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Liquidation of the status of Philippine Prudential Life Insurance

Requested from IC by M. Cahulugan at 08:36 PM on Mar 15, 2021.
Purpose: Claim for Insurance
Date of Coverage: 09/03/2001 - 09/03/2016
Tracking no: #IC-360147390065

Cahulugan 08:36 PM, Mar 15, 2021 

Good Day,
I would like to ask the Liquidation Status of Philippine Prudential Life Insurance.
1. I have already received the first and second tranche of claim from Prudential Life Insurance. We have heard that we can still receive our claim for the remaining claim for our insurance plan.

2. Do we have assurance that we can still receive/claim the money?

3. How are we going to process it in this time of pandemic?

Cuenta 11:55 AM, Mar 18, 2021 

March 18, 2021

Dear Maria Monica,

Thank you for your request dated Mar 15, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Liquidation of the status of Philippine Prudential Life Insurance.

We received your request on Mar 15, 2021 and will respond on or before Apr 05, 2021 08:36:00 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://zcwboneline11222018-dot-efoi-ph.appspot.com/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTM2MDE0NzM5MDA2NQw, for request with ticket number #IC-360147390065.

Thank you.

Respectfully,

John Philip Cuenta
FOI Officer

Espejon 01:39 PM, Jul 14, 2021 

July 14, 2021

Dear Maria Monica Cahulugan,

Greetings!

Thank you for your request dated Mar 15, 2021 08:36:00 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.

Your Request

You asked for Liquidation of the status of Philippine Prudential Life Insurance.

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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