I Have to Correct My Mistake: Prudentialife Plans Inc. is Different from Philippine Prudential Life Insurance Co. Inc.
I’m very sorry I may have misled some of you when I answered some of your questions/comments in relation to “Prudential.”
My mistake was I thought the Prudentialife Plans Inc. which was suspended recently by SEC is the same Prudential which has been partnering with Danvil Plans since 2007.
Thanks so much to Rolly who made the correction. Based on Rolly’s info and on my quick online research, these are some info that would clear things up:
Philippine Prudential Life Insurance Co. is the company which bought the life insurance portfolio of Berkley/Danvil in 2007. This is also the issuer of life insurance plans and endowment plans being sold by Danvil Plans.
Philippine Prudential is a life insurance company supervised by the Insurance Commission. It is not a pre-need company.
web site: http://www.philprudentiallife.com/pplic/
On the other hand, Prudentialife Plans Inc. is a pre-need company supervised by the SEC. This is the company whose license to sell was suspended by the SEC last April 2009.
web site: http://www.prudentialife.com/
The good news then to many of you whose plans were issued by Philippine Prudential Life Insurance Co. ( sold through Danvil Plans) is that your plans are not affected by the trust fund problems prevalent in the pre-need industry… because your plans are insurance plans issued by an insurance company, which has been operating since 1963, according to its web site.
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Whether in ENGLISH, TAGALOG or TAGLISH, your comments are well-appreciated, but please, not pure TEXT SPEAK, kasi matagal intindihin. Thanks a lot.
47 Responses to “I Have to Correct My Mistake: Prudentialife Plans Inc. is Different from Philippine Prudential Life Insurance Co. Inc.”
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Thanks for the wonderful insight.
What about the SCAM???? Are you aware????? For me I think its TRUE!!! And it SUCKS alot! Anyway just an opinion.
my sister need to cancel the transaction with your good office bec. she doesnt even aware of what you are offering.besides there is no legal application done of her part.her name is Remecor R Tersol of longos central san fabian pangasinan. there are no legal basis for all your deduction on her salary.pls mam/sir we need the stopage letter from your office for us to submit in the regional office of deped.
Joel, hello. First, I’d like to clarify that this is not the site of Danvil or Prudential. But of course, I can share what I know. Is this a Prudential Plan or a Danvil Plan? If your sis has already decided to terminate her plan, advise your sister to write a pre-termination letter (pag more than one month na siya nababawasan), or write a cancellation letter (pag one payment pa lang ang nakuha.) Address your letter to Danvil or Prudentialife. In your letter, i-mention mo yong name of plan, the date taken, what branch, paano ka napabili and why you are now terminating or canceling. Iregister yong letter, or kung may makapagdala sa office in person, mas okay. Mamya, if I’ve time and I see a sample of a letter, I’ll give you the link. Kindly visit again and share your experience. You can help others. This is additional info.
[...] again because this is often confused with a different company, Philippine Prudential Life Insurance Company (PPLIC), an insurance company headquartered in Pasig City and affiliated with Danvil Plans. [...]
i was woundering whats the contact # in Zambuanga ?..
Just want some clarification about Philippine Prudential life insurance in SM Pampanga is it still existing? I was wondering it almost a year now that I am paying my insurance plus my wife for nearly 1 year now. I tried to contact the numbers they give me but no one is answering so I was worried probably I was a victim of scamm as well. would you mind to give me a feedback about this inquiry of mine.
as far as i know yes sm pampanga branch is still open.
Hello, Rob, thanks a lot for replying. Hello, Victorino, yes, PhilPrudentialife is still existing. It’s a life insurance firm with a license issued by the Insurance Commission. You can visit the IC website and check out the list. PhilPrudentialife is #21. Its headquarters are in Ortigas Center.
Tel. No. (632) 638-8163; 631-2028; 634-5294; 635-5126; 636-3645
E-mail: philprulife@philprudentiallife.co
website: http://www.philprudentiallife.com
SM Pampanga #: (632) 741-1002
it’s been a year that phil. prudential life insurance co. SM North, Manila is deducting monthly premiums in my credit card…just now i read some of the scams about prudential..is this true?? i’m trying to call the contact numbers stated on ther website but nobody’s answering..i’m wondering if they are still open? i sent one letter to one of their customer service for the clarification of why they deducted twice this month of june but untill now still no reply…im worried maybe i’m a victim too of scam…
Hi, Yaphi, I’m not a PhilPrudentialife planholder, but this firm is a licensed insurance firm, accdg. to the Insurance Commission. In the IC report published this June, as of Dec. Philprudentialife, this firm ranks 28th in net worth among the 35 life insurance firms in the country. I think may mga scam na stories kasi doon sa marketing style nila na hindi maganda – sapilitan – preying on the vulnerabilities of people. On the other hand, may mga malalaking insurance firms na rin ngayon na gumagawa na ng aggressive marketing na di ginagawa dati, such as calling people on the phone and telling them to collect free insurance certificates from their offices. Baka yong two deductions mo this June ay May and June na, kasi may mga nagrereport dito na hindi sila na-charge last May.
Anyway, investigate ka pa rin ha. Humble opinions ko lang ang mga ito.
ask ko lang po bakit napakalaki ng kinaltas nyo sa mga first timer makapag avail ng insurance nyo almost 14,010.00 and then andami nyo binigay na Offcial receipt hindi naman naka specefied yong mga halaga binayaran ko dito please paki klaro naman po ang lahat.
pakisagot naman po pwede…?
Hi, mhike, eto ang mga phone numbers ng PhilPrudentialife – 638-8163; 631-2028; 634-5294; 635-5126; 636-3645. Ang email nila ay philprulife@philprudentiallife.co . As you said, dapat andon sa receipts yong mga amounts na binayaran mo. At kung credit card payments ang mga eto, dapat exact amounts ang mag-apir sa card statements. Paki-share na lang dito kung anong nangyari para matulongan din natin yong iba na in the same situation as you are. Thanks.
halos tatlong plan pala kinuha nila so pag kakaalam ko isang plan yong endowment plan….Pwede ko ba kunin olit pera ko 14,010.00 ipahinto ko na.. total sa NOV 1,2010 pa naman start ng kaltasan naman nila ako. so habang malayo pa naman ang NOV. stop ko na lang at kunin ko na lang PERA ko 14,010.00
bakit po ganon Phil.Prudential Life na to 26 june 2010 lang ako naging member nila and then gusto ko na po ipacancelled sana agad kasi kailangan ko yong pera kinuha nila sakin almost 14,010.00 tsaka po natatakot din ako sa mga nabasa ko scam tulad dito sa nakita ko sa sight nyo…totoo po ba hind na nila mairefund yong pera ko kahit isang sentimo daw po kasi wala maibabalik sakin… actually ang sunod nila pagkuha sa BDO ng pera ko sa NOV 1, 2010 sana kaya habang malayo pa ang buwan ng NOV naisipan ko na ipacancelled sana?
ano pwede ko gawin para maibalik yong pera kinuha nila sakin…. DAYS pa lang po kasi ako naging member nila kailangan na kailangan ko po talaga… ANG SABI NILA DON HINDI NA MAIREFUND YONG PERA KO KAHIT ISANG SENTIMO wala na daw po ako MAKUKUHA PA…BAKIT ganon halos dugo`t pawis ang pinuhunan ko sa pera kinuha nila sakin… hindi po biro ang 14,010.00 pera mawawala SAKIN PAKITULUNGAN NYO NAMAN PO AKO..!
Mhike, magsulat ka ng cancellation letter, kahit Tagalog. Isulat mo doon kung bakit nagka-cancel ka, at kung paano ka napapirma o nakuhanan ng pera. Maganda kung may kasama ka sa pagpunta roon para may suporta ka. Kung inaalala mo na hindi licensed ang PhilPrudential, licensed naman siya, ito lang marketing scheme nila ang may diperensiya. Sa ibang blogs, maraming nagkukuwento kung paano sila nag-cancel. I-google mo lang cancel Danvil plans or cancel PhilPrudential plans.
Planholder din ako I believe ok pa naman ang Danvil/prudential. Taktika nila na makumbinsi tao dun sila nabubuhay as company . Pero once na pumirma ka under ka na sa contract. Binasa mo sana yung contract plan bago ka pumirma. Pero andyan na yan i push mo na lang na kailangang kailangan mo pera mo alam mo sayang din yan . business is business dyan sila kumikita. Goodluck
hello po!planholder dn po ak ng danvil plans, tulad ng iba na force lng dn ak,50thou. ung unang bayad,monthly 8thoufrom my cridit crd.3 yrs.na akng naka2bayad,2022 pa ang maturity nya.my assurance po bana hnd masa2yang ang pnaghirapan ko.marami kac akng naba2sa sa blog about danvil.pls.i need your reply,asap.thank you
someone help me pls.nagu2luhan ak parang gus2 k ng ipahinto ung credit card ko,kaso nanghi2nayang nman ak.2 taon pa ang bu2nuin ko tpos 10 yrs. pa akng maghi2ntay.maupdate lng sana ak sa mga ngya2ri sa danvil.
binabasa ko rin mga comments nila dito nakukuha naman nila mga plan na nagmature na hopefully ok naman lagi kasi sa 2012 na maturity ko medyo malapit na at matagal na ako fully paid. Existing pa naman mga branches nila sana magtagal pa I think pag gumanda economy kay P-noy di na ako masyadong kakabahan dahil may effect din yon. Nasa iyo naman kung itutuloy mo pa kaso may bawas na pag kinuha mo. mahirap mag decide kasi malaking pera mawawala pag may nangyari kaso sayang din naman yung iba pang naihulog pag early termination. lakasan lang siguro ng loob. kasama na prayer.
to jhigs,
thank you ha,maghi2ntay na lng nga cguro ak,wala kac ak sa pnas kya nag-aala2 ak.bi2sitahin ko n lng lagi sa website ang current situation ng danvil para maupdate ak.worried lng tlga ak s mga nba2sa k sa scam.thanks
Hi, Gin, more than 330K na ang nabayaran mo. Ang laki na, at naka-3 years ka na. Nasa Insurance Commission na ang mga pre-need firms like Danvil. Hopefully, mas ma-supervise sila ngayon. As of now, wala pa naman tayong nababalitaan na hindi naibigay ang mga claims sa Danvil. Around 2008 yong mga naunang nabigyan ng claims. Last year and in the first months this year, a number of Working Pinoy visitors naman shared that they have received their maturity checks in full and on time.
Tama yun Gin.
Gaya ko at nang marami pang nagbabasa nang site na ito, let’s keep our fingers crossed that we’ll be able to get our money’s worth in due time…..
Prayers pa…..But so far so good pa naman ang mga feedbacks nang mga di nakalimot bumalik dito at nagsulat nang experience nila….
sorry ngaun lng ako nakareply,thank you and i’m really happy that i have found this site ngaun maka2hinga na ako. hnd ko alam na malaki pala ung plan ko kasi yong mga pinakita nlang account ng mga planholders tlagang nalula ako.half million plus ang gross contract price ko.after 2 yrs.waiting na lng nman ak, kya lng tlagang worried ak na bka mapunta sa wla.sana nman wag nlang sirain ang twala ng mga taong nagti2wala s kanila.to danvil,i’m always praying for them,getting strong and more blessings. ask ko lng,about my contract kasi sa berkley contract ak,ngaun danvil na,hnd nman na ak binigyan ng new contract,hnd kya magkaroon ng problema pagkakinuha ko ung maturity benefit ko.kng may spare time,paksagot nman ak pls.thank you and GOD bless you.
Hi Gin again. Oks lang na walang bagong contract kasi legal naman na binili ng Danvil yong Berkley — meaning ia-assume ng Danvil lahat ng bayarin ng Berkley. At saka, sa SEC list of licensed pre-need firms nakalagay na Danvil ay formerly Berkley International Plans. Hopefully, the financial industry recovers worldwide this year, kasi lahat naaapektuhan. Thanks too.
hindi na po ba tlag maibabalik yong pera kinuha sakin almost 14k din kasi po yon eh. walang puso ang mga taong gumawa lalo na ang mga employee ng PHILIPPINE PRUDENTIAL LIFE iniisip nila pansarili nila makapambiktima lang ng mga tao?
Hi Mhike, ganon na nga kung hindi mo nakuha agad. Kasi kung matagal na, parang malabo na. Marami dito sa Internet ang mga nagkuwento kung paano nila nakuha uli yong pera nila. Search mo lang, para makakuha ka ng tip. Ako, opposed din ako sa ganong marketing style, pero sila ipinipilit nila na yon ang kanilang marketing strategy.
Naguguluhan din ako sa kanila kasi yong ibang planholder contracts merong nakalagay na 15days free look period pero ung ibang contract walang nakalagay na ganyan. Which policy should we believe when it comes to cancellation? I was worried lng kc dahil sa mga sinasabi ng agent ng Philippine Prudential na kapag nagpacancel daw ako (to think cover pa siya sa 15days) wala raw ako matatangap na refund? I just need help. One month na ako naghintay sa refund. Hindi pa rin sila ng charge back sa credit card ko. Maawa nman sila, I was forced to buy the policy coz they swiped my card without my prior notice. Mga dupers sila.
Hi Lex, nag-file ka ba ng cancellation letter agad? Sana may kopya ka para proof na nag-cancel ka agad. Kelangan lang diyan follow-up in person. Kulitin mo sila.
@Nors
OO nag file nko after 12days from the day I signed the contract. Hinihintay ko nlang yong charge back to my Credit card.
Hi, Lex, make follow-ups. Hope makuha mo na.
Guys, siguro confused kayo sa Prudentialife Plans atsaka sa Philippine Prudential Life Insurance Company. Eto ang katotohanan, hindi connected and PrudentiaLife Plans sa Philippine Prudential Life Insurance Company.Magkaibang magkaiba po ito. So if you think naloko kayo ng Philippine Prudential Life, think again.
Ang daming benefits na ang nakuha namin after 3 years of savings and investments. Plan holder kasi ang daddy ko ng 20 Years. So nandito yung habang nag-iinvest kami, nandoon ang protection atsaka cash benefits.
Actually this 2014 ang maturity ng aming contract kaya nagkaroon kami ng investment na pwedeng magamit sa maliit na negosyo.
eto po ang website ng Philippine Prudential Life Insurance Company, na ibang iba ang LOGO kesa Prudentialife Plans. Hindi po ito scam. Pero meron lang kayong speculations and confusions.
http://www.philprudentiallife.com/
Kaya much better na kung may nagsabi na nanalo kayo ng premuim raffle or anything, just say NO or laugh at them and say PWEDE KAYO MADEMANDA SA GINAGAWA NIYONG PANLOLOKO.
Hi Troishenly, thanks for the info.
http://www.facebook.com/profile.php?id=100000174716601
ayan yung xxxxxxx na’pressure sakin at nanloko sakin. Pati yung manager niya!
Hi, berta, what do you mean? nanloko saan? at ang nanloko yong nasa facebook?
Isa po ako sa muntik na maloko ng Danvil PPL na yan. naglalakad po ako sa SM North Edsa Annex Building ng may lumapit na babae at tinanong kung may credit card ako at 21 years old and above ako. Sabi ko, ” meron po” Sabi ng babae sa akin, sir pwede nyo ma-avail ang raffle, mananalo po kayo ng Honda Car. tapos Pinabunot ako sa box then nanalo daw ako ng bag. Claim ko daw sa office nila sa main building ng SM NE yong bag then pinaupo muna ako sa upuan at may humarap sa akin na babae at madami tinatanong about my personal info. tapos hinuhulaan nya kung magkaano ang laman ng atm ko at magkano ang credit limit ng credit card ko.Sabi ko, di pa ako nasweldo then sabi nya yong CC nalng. icheck daw nya kong iaaccept ng line. Ayaw ko ibigay kasi nagduda na ako sa mga sinasabi nya. Gusto ko na umalis pero ayaw nya akong paalisin. Kita ko yong ibang tao na nakatulala at ibinibigay ang cards nila sa mga agents. Then may isang doctor na nirecognized nila na kumuha daw ng policy. nagpalakpakan sila …. may nakabantay na 2 lalake sa pinto, then tumakas ako para di na ako maloko. Tumakbo ako sa Annex at bili agad ako ng dapat bilhin. Baka makuha pa nila ang cash on hand ko na 24k. Buti na lng at may taxi agad at naihatid ako sa tinutuluyan ko…. Sabi pa ng agent eh SM daw ang may ari ng insurance at matibay daw yon, pero di ako naniwala kasi dati din akong insurance agent ata alam ko na bawal ang ganung gawain… Sa Danvil PPl na manloloko, makulong sana kayo…. Sa SM Mall Management sana di po kayo pumapayag na diyan sila sa inyo gumagawa ng kalokohan…. Salamat po
Hi, Noel, although nakinabang ako sa Danvil (I got my maturity benefits last October), hindi ako sang-ayon sa ibang mall marketing strategy ng PPLIC. It’s legal, it’s good for their business and for their planholders, but it’s not ethical. Foremost unethical yong lying nila — yong iche-check ang CC tapos nag-deduct na pala (this is the one illegal and can bring forth a charge if the customer can prove it to the police). Another is SM’s ownership of PPL — which is an outright lie. SM Group’s BDO is allied with an international insurance firm. PPLIC is an aggressively growing firm, as shown by its high growth rate. It should continue innovating its marketing schemes, but should stop those schemes which are unethical and which are destroying its image and the image of the industry.
Hi Ms. Nors
I sent an email. Please respond. Thank You very much.
Hi, Nors
Happy New Year(belated). Wow, growing firm, hopefully. Still here and fingers crossed till next year…..
Hi, Rolly! What a nice short visit. Thanks, Happy new year too. Hope you’re going great in your career there. Yes, I think, with the Phil having a better business environment, PPLIC will continue to grow. Naturally, with their kind of marketing, they’re on top of the highest preneed sales chart. Take care and continue to enjoy your blessings…
nard on Feb. 26,2011 10.30 p.m.
hello nors! gusto ko lang po mag inquire kung ano ang mga requirements para mag cancell ng isang insurance plan sa inyong firm. mag 1 month pa lang at pero ayaw ko nlang itutuloy kc nawalan nman ako ng trabajo sa ngayon at hindi ko na kyang bayaran ang nautang ko sa credit card ko at saka ganoon din ang nagyari sa akin na pinipilit lang ako sa mga agent nyo pra magbili ng plan lang Sa South Mall las pinas.while at dat time also nwala ang credit card ko kya pina block ko nalang at finally I have decided na i will cancell my plan kc nahirapan na akong magbayad may makuha pa ba akong refund sa naibayad ko sa PPLIC. thanks and God Bliz.
Hi Nard, first of all, I’m not employed by PPLIC, and this blog isn’t affiliated with PPLIC. I write about PPLIC only because I’m interested in pre-need firms, as I was a planholder of Danvil Plans.
Nard, I’m not sure if you can still refund your money as one month has passed. You can try by writing a cancellation letter, explaining how you were deceived into buying a plan, and then submitting it to the PPLIC branch where you paid your first payment. Make a copy and have your copy marked with Received by PPLIC and signed, so you have proof and so they won’t deduct the second payment. I suggest you also cancel your credit card to ensure that no more PPLIC deductions would be made.
feb28,2011
Hello nors, thank you so much for replying my letter
and also with all ur nice advices, that makes me fell comfortable at this moment becuz talagang naliwanagan na ako ngayon kung ano ang gawin ko na ma stop na ang pag deduct nila sa aking credit card cuz natakot ako bka kahit pina block ko ang credit card ko bka maka bill pa rin cla sa akin for another payment by next month.
hi.
yesterday nkpag avail dn aq ng pplic plans..they deduct from my credit card the amount of 10,015.00?
nguguluhan n aq sa mga blogs n nbbasa q..naloko din ba aq? hope u guys can advise me..
tnx
Hi, Sharon, PPLIC is a licensed insurance firm. To check, visit the official website of the Insurance Commission. Ang mga naglalabasang complaints online arises from PPLIC’s aggressive and oftentimes unethical marketing strategies. Sinasabi nilang scam ang PPLIC dahil dito. Marami rin yong nabibigla sa amount na nadeduct sa kanilang credit cards, although they also like to invest or to earn. Yong iba masama ang loob, kasi feeling nila napilit sila o naloko o na-pressure.
The advice I can give is you check the websites of IC and PPLIC. Then analyze if you were unduly pressured to buy the plan, or if you were clearly deceived into buying the plan. If you decide to cancel, then read up online on samples of cancellation letters. Basahin mo na rin kung paano nila ginawa ang cancellation. On the other hand, if you like to have an investment and if you trust PPLIC, then continue with the plan.