Requested from IC by T. De Leon at 04:04 PM on
Jan 21, 2021.
Purpose: Claimant wanting to know the liquidation status
Date of Coverage: 04/01/2018 - 01/21/2021
Tracking no: #IC-473878846910
De Leon 04:04 PM, Jan 21, 2021
To whom it may concern,
I am Tyrone Joseph S. De Leon, a claimant for the liquidation PPLIC. I would like to inquire the more than 3 years liquidation of this insurance company since 2018 and no available circular or memorandum from the IC what happen to the liquidation. I am waiting for my hard earned money to given back to me. Hoping that this query will be given an appropriate response as I am still waiting for my money to be given back.
Ignacio 08:59 AM, Jan 25, 2021
January 25, 2021
Dear Tyrone Joseph,
Thank you for your request dated Jan 21, 2021 under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch, for Liquidation Status Report of Philippine Prudential Life Insurance.
We received your request on Jan 21, 2021 and will respond on or before Feb 11, 2021 04:04:04 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://www.foi.gov.ph/requests/aglzfmVmb2ktcGhyHAsSB0NvbnRlbnQiD0lDLTQ3Mzg3ODg0NjkxMAw, for request with ticket number #IC-473878846910.
Thank you.
Respectfully,
Edmar Ignacio
FOI Officer
Espejon 12:10 PM, Jul 14, 2021
July 14, 2021
Dear Tyrone Joseph De Leon,
Greetings!
Thank you for your request dated Jan 21, 2021 04:04:04 PM under Executive Order No. 2 (s. 2016) on Freedom of Information in the Executive Branch.
Your Request
You asked for Liquidation Status Report 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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