Philippine Prudential Life Insurance Company
Since Philippine Prudential Life Insurance Company is associated with Danvil Plans, we’re going to write some information about this company. A lot of info here were taken from the website of the Insurance Commission.
Philippine Prudential is an insurance company; it is not a pre-need firm.
It is different from pre-need firm Prudential Life Plans Inc. whose license was revoked by the SEC in 2009. These two firms are not affiliated with each other.
Philippine Prudential is one of 35 life insurance firms whose licenses have been renewed by the Insurance Commission every year for the past years. Their newest licenses are for the license year 2009 to 2010.
Of the 35 life insurance firms, Philippine Prudential is:
- 17th in ranking based on premium income as of December 31, 2009
640,144,183 pesos - 17th in ranking based on first-year premium as of December 31, 2009
207,613,865 - 22nd in ranking based on paid-up capital as of December 31, 2009
123,807,730 pesos
As can be seen on both the websites of Philippine Prudential and Danvil Plans and in SM malls, the two firms use the same sales offices in SM Pampanga, SM Fairview, SM North Edsa, SM Megamall and SM Southmall.
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91 Responses to “Philippine Prudential Life Insurance Company”
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pwede ko ba makuha yong kinaltas nyo pera sakin almost 14,010.00 ang pagkakaalam isang plan yon HIND PALA? ayaw ko ng ituloy pa….!
Hi Mhike, kung first kaltas pa lang yan, i suggest na sumulat ka ng cancellation letter at dalhin mo doon sa branch kung saan ka nabentahan. Sabihin mo sa letter kung bakit di mo alam na ganon ang amount na ikakaltas at kung bakit tatlong plans. Hindi po ako connected with PhilPrudential o Danvil, nagsusulat lang po ako tungkol sa mga ganito, kasi meron akong Danvil plan, at gusto ko ring malaman ang mga views ng mga ibang meron ding Danvil plans.
[...] Philippine Prudential Life Insurance Company [...]
Hi Nora, just to give an update. someone called me last night informing me that Philippine Prudential will change the planholders # from PPL****(we used to have) to account number..i have no clue of whats going in the philippines because i’m outside the country.Please let me know how credible that information is. Thank you.
Hi Ed, yes, I heard that too from another person commenting here. I’ll try to call PPLI today. Thank you too.
Hi Nora, Did you call PPLI yet? what did PPLI say?
Hi, Ed, all the five phone numbers on the PPL website are “not in service.” I don’t know if it’s the PLDT line in our neighborhood that can’t connect, but I can call other numbers. I also called Danvil, but they can’t answer my question, and they’re referring me to PPL. They’re even asking for my PPL policy number, which of course I don’t have. I explained that I’m asking for a friend abroad. They insisted Danvil is only an agent of PPL. Anyway, Ed, I think PPL naman is okay as of now, as they’re able to process claims. Last week, my Danvil maturity benefit check cleared, and it was PPL which processed it. The guy which processed my claim there at the Southmall office, which has changed its signage from Danvil to “PPLIC,” said Danvil sold its preneed portfolio to PPL, and that’s the reason they’re the ones processing the Danvil claims (until 2013). I’ll try to call PPL again on Monday.
Thanks Nora.
Let it be known to the public that Philippine Prudential Life Insurance Company, Inc. is a SCAM and must be avoided at all cost. They are often found in malls and crowded areas and their agents will invite you to play in a “quick raffle draw”; they will tell you that only 45 minutes are needed of your time but as soon as you say “Yes”to their request, they will take you to their office and will talk to you about their life insurance plan and this process will take 2 hours.
Second, they will ask you to sign their “Saving Endowment Policy” and will tell you that you will not pay anything right there and then; however, they will get hold of your credit card and they will charge you around Php 16, 800on the spot.
They often hire beautiful women and loud homosexuals who will shake your hand from time to time and entertain you with false tales. If you do not want to be scammed, AVOID PHILIPPINE PRUDENTIAL LIFE INSURANCE COMPANY, INC. The CEO of the company is Gregorio D. Mercado.
I would have to agree with you SAJ,last night lang nangyari sakin to, they told me na tatanong lang nila kung papayagan ako ng bank ako pero they immediately charged my credit card account with 16,800. I asked them to void my transaction and then the staff started harrasing me and the manager even called me a jerk. SM Megamall Branch to, ang nakakainis floating yung transation nila till now, i have to go to a whole process pa bago matanggal sa account ko yung 16,800.
I was there yesterday too. wala akong planong kumuha ng insurance nila. naawa lang ako sa ahente nla dahil wala pa daw siyang quota. 45 min lang naman daw. at bibigyan daw siya ng 100 kung sasama ako. so pumayag ako. may inassign sa akin na “financial advisor” inabot kame ng 2 hours at nang sabihin kong ayaw ko, nagiba na ung mood ng “financial advisor” na kausap ko at nakikipagtalo pa. pati mga information ng mga clients nila kunong sikat pinapakita pa sa akin. sabi ko di ba dapat confidential yang mga info na yan di dapat pinapakita kung kani kanino? sinagot ba naman ako na pano daw ako maniniwala na ok ung company nila kung di nila papakita yun.
I also was a victim of this scam. Wala talga ako plan kumuha pero d ko alam bakit ako na pursuade that time. I am really bothered with my decision, kaya pumunta ako dun para icancel ang policy.
Wow, the agents there are so pursuasive and even told me that I signed it with my own volition. I was really pissed and upset. I told them na final na icancel ko na, ang dami ni satsat! I was really pissed and scold them para icancel na nila kasi puro sales talk just to persuade me to continue the plan. I argued with the Manager and because he was also pissed on me making a scene, he then gave me the instructions how to cancel.Maybe they dont want that their new recruits would know that they are in a SCAM.
They credited the amount in my credit card in split of seconds but they will charge it back in 30-45 days. Oh my! I even asked the customer service on why does it take that long? Coz you can call the bank to charge it back as void…ang sagot sa akin…”Dapat alam nyo mam na ganyan ang policy sa card!”
I really dont know kung void na ba talga yung transaction or not. D ko din alam kung machargeback ba talga ang amount. Sa tingin nyo mababalik pa ba un?
I am really upset until now that I was victimized by PPLIC.Siguro ang magagawa nalang natin is to warn our friends who shops in SM Malls.
hey.. thanks sa warning… yesterday I received text from this company..I’m excited to take an initial exam on my scheduled date (i’m currently employed).. buti nlng at na.i.search ko at nagkaroon ako ng idea about sa company na ito..plano ko pa naman mag.absent that day…hehehe.. guys thanks:-)…
hlo! how to cancel may policy plan with with philippine prudential plan?i signed the terms and agreement but the same experience with you wala sa palno kumuha ng plan napilitan lang dahil sa kakulitan nila…
Hi, Christine, kung newly-signed pa lang yong policy mo, as in today, or yesterday, sumulat ka ng cancellation letter — i-describe mo in detail kung paanong merong undue pressure sa pagkakuha ng policy mo, at bumalik ka sa office nila. Dapat assertive ka doon, at panindigan mo ang cancellation letter mo. Kung weeks or months na ang lumipas, I think, mahirap nang ma-cancel.
planholder din ako and I am not afraid about my investment dahil lahat naman ng nag mature naibalik na sa kanila na invest nila with corresponding kita.
So don’t call it a SCAM else nai endanger nyo thru panicking ang pinaghihirapan ng iba na kasalukuyang naghuhulog lalo na yung naghihintay nalang ng maturity date. philprudential is going strong based sa growth nila kaya wag nyong i pull down dahil lang sa di magandang strategy para ma convince na sumali ka. ako ay tutol din noong una sa strategy nila pero iniisip ko yung future ng investment. pwede namang ayawan sa umpisa palang yung pag down ng pera at wag pa convince pero kung decided ka saka ka bumalik . nagkakaproblema lang pag uwi mo ng bahay at nag avail ka tapos di ka naman pala decided at kinakabahan. kilatisin nyo muna sasalihan nyo bago magtiwala. philprudential is proven naman na honest sa pagbabalik ng investment.
kung may isa dito na magrereklamo at magsasabing di nila nakuha investment nila on maturity date then matatawag nating SCAM yon.
Hi, tif, I appreciate that you know the value of your investment. Yes, PPLIC is not a scam. In fact, it posted a high growth rate in 2009 and the last quarters. It has currently more than 1.5 million policyholders and has paid more than 65 million pesos in claims from Jan to Sep this year. Yong iba, sa galit nila sa pagkapilit sa kanila na bumili ng plan, ay nagsasabi sila na scam ang company kahit hindi. Hindi nila iniisip yong tunay na meaning ng scam, which is fraud. Anyway, tif, kayang-kaya naman ng PPLIC to take care of itself sa mga paratang na ganyan. Ang dami sa Internet shouting scam scam ang PPLIC, pero PPLIC is still there. Sa website ng PPLIC, there’s a letter there which explains how they responded to an expose on the TV show XXX. Besides, makikita sa Insurance Commission website ang performance at licensing ng PPLIC. Anyway, I appreciate very much that you made a stand here, para naman may boses yong silent majority. Sana from time to time, you check ang mga comments dito, and the other articles here about PPLIC, at i-defend mo ang PPLIC, and I thank you very much in advance.
To All Concerned and the General Public:
Please refer to and access the Official Statement of our Company as posted in our official Website with regard to the XXX episode on December 07, 2010 by clicking the link below:
http://www.philprudentiallife.com/pplic-open-public-letter-on-xxx-06-december-2010/
Thank you,
Customer Service Department
Philippine Prudential Life Insurance Company Inc.
Please help me. My money still not charged back to me until now. Please read my full story and updates below:
Philippine Prudential Life Scammers
Im also a policy holder of Philippine prudential life insurance co. inc. or PPLIC. I personally went to their office in Ortigas to discuss their scam issue kasi natakot ako nung una and they reassure me that theyre legit this is the link from their website the winner from the raffle draw
this are the other credible sites that says theyre not scam.
http://www.abs-cbnnews.com/business/04/29/09/prudential-life-clarifies-not-related-prudentialife
http://www.manilastandardtoday.com/2009/april/30/business2.htm
http://www.philstar.com/Article.aspx?articleid=563802
The Philippine prudential life scam reviews and write-ups are just another symptom of prejudice against insurance and financial services companies.
I think mas maganda na magpunta muna kayo sa office nila tulad ng ginawa ko bago magisip na kung anu mang scam.
nakalimutan kong include yung link ng raffle draw nila eto pala. hahaha
yung raffle draw kasi nagpaworry sakin nuon kala ko talaga scammer sila.
http://www.philprudentiallife.com/philippine-prudential-life-awards-dollar-daze-promo-winner/
eto pla yung link ng raffle draw nila nakalimutan ko lagay hahaha.
http://www.philprudentiallife.com/philippine-prudential-life-awards-dollar-daze-promo-winner/
yan kasi nagpaworry sakin nuon kala ko talaga scammer sila.
Hi Sandra, okay yan at nag-iinvestigate ka about your investments. That’s a smart thing to do. Tama, legitimate ang PPLIC kasi licensed. Napaparatangan lang siyang fraudulent, kasi nga sa aggressive marketing tactics nila, na sometimes hindi na tama. Thanks, Sandra, for your info.
ayos nga yun ah. binasa ko mga articles na binigay mo naliwanagan ako kahit papano. diko tuloy alam sino paniniwalaan ko. mga bloggers ba or yung mga site na binigay mo? no offense po ah. teka member ba sila ng insurance commission??
nakapagmember din kasi ako sa kanila kaya sa mga nababasa ko nalilito ako. help me
Hi Zhena, baka hindi pa nabasa ni Sandra itong tanong mo, kaya ako na ang sasagot. Lahat ng links na binigay ni Sandra ay mula sa ating top newspapers. Yong isa — about a promo — ay mula sa website ng PPLIC. Oo, PPLIC is licensed by the IC. You can visit IC’s website to check out the list of licensed insurance firms, at andon ang PPLIC. You can also visit PPLIC’s website.
gud day ms. nors,ako po at ung kasintahan ko ay nag avail sa PPLIC kung magkacancel po kami iaccept kaya nila un kasi more than 3 wks. na from the time na nagjoin kami,like other blogger said nakakaconfused kasi di namin alam na my scam na kumakalat na PPLIC kasi pareho kaming galing sa ibang bansa.at yun nga po pareho na kaming nadeductionan sa aming atm.
Hi, Cecille, hindi ko na sure kung ma-approve pa cancellation ninyo kasi almost a month na. Pero puede pa ring subukan, basta mai-detail ninyo sa letter of cancellation ninyo kung paano kayo na-deceive. Punta kayo doon sa kinuhanan ninyo.
Hindi ako sang-ayon sa sales/marketing strategy na merong deception/lying, pero para lang di naman kayo masyadong ma-alarm, licensed insurance firm naman ang PPLIC. At siya yong nagprocess ng claims ko with Danvil Plans last Oct 2010 — nakuha ko naman yong benefits ko. Go to the website of the Insurance Commission, i-check nio ang PPLIC kung licensed siya. Visit nio rin yong official website ng PPLIC. Hope this helps a little.
thanx a lot ms.nors my bf check last nyt at nasa list nmn na license insurance ung PPLIC since nasa province kami mas mainam din po siguro na mapuntahan namin ung main branch nila…wala nmn pong problem kung legal sila at nakajoin kami dahil at the tym of maturity magagamit din namin ung perang insave namin,medyo naalarm lang kami sa ibang comment dahil parehong stragedy ung ginamit at di nga kami nakatanggi.
Oo legal ang PPLIC..however yung paraan kung paano sila mag benta ang illegal..una lalapitan ka at sasabihin na wala kang babayaran or bibilhin…then they will ask you to join a promo ..tapos they will ask you kung may atm or credit card ka..upon saying “YES” ayun, dadalhin ka na nila sa office nila..at bebentahan…
Philippine Insurance Commission have already issued an order for PPLIC to stop this type of SCAM marketing..pero matigas ang ulo nila…patuloy pa rin ang panloloko nila sa mga tao..
para sa mga nabiktima please please report this to the Philippine Insurance Commission and ask help from them…maawa kyo sa susunod nilang mabibiktima sa mga Malls…
website : http://www.insurance.gov.ph/
i saw this people again at SM Cebu…grabe..hindi pa rin sila tumutigil…
sa mga biktima report nyo sa Philippine Insurance Commission.
http://www.insurance.gov.ph/
yes legal ang PPLIC..pero the way they sell the product ang illegal..una they will tell you na wala kang babayaran or bibilhin..raffle lang daw then they will ask you kung may ATM or Credit Card ka ..if you say yes..patay kang bata ka..
Nag labas na po ng order ang Insurance Commission for them to stop this illegal way of selling and cheating people..pero matigas ang ulo ng PPLIC
Para sa mga nabiktima..PLEASE ..PLEASE… mag file po kayo ng reklamo sa Philippine Insurance Commission..para po wala na silang mabiktima pang mga Pinoy..Huwag po nating silang payagan na may mabiktima pa..
report to :
http://www.insurance.gov.ph/
Sa raffle promo din ako naging policy holder nila yung sa iphone 4. di ko lang maintindihan bakit kailangan magreklamo pako kung alam kung sa umpisa pa lang eh pede naman akong tumanggi nung inalok ako. hinanap ko kung may nanalo nga sa promo and meron nga.
http://philprudentiallife.blogspot.com/2011/02/philippine-prudential-life-awards-apple.html
guys simple lang. kung ayaw nyo pede kayong tumanggi. eh nagkataon na gusto ko din kaya pumayag ako sa offer.
almost 2 years n ko naghuhulog sa PPl pero til now doubt p rin me sa company. napilitan lang me b4 n sumali dahil nagpadala me sa sales talk nila. ganun nga ang sistema nila ng paghila sa mga tao para bumili ng insurance nila. Nabasa ko sa PANORAMA yung PPl kaya medyo naniwala me n totoo yung company. Pero til now nga duda pa rin me sa kanila. gusto ko mabawi mga hinulog ko pero dahil my pinirmahan meng contract mahihirapan ata me. i need someone’s advice… thank you!
kris,i’m just like you..we are in the same shoe..my advice is continue your policy..PPLIC is not a scam though their selling method is unethical.
Hi, Ed, thanks for commenting and for giving encouragement to Kris. So nice to hear from you again.
Hi Kris, I’m surprised that there’s no reply here from me. I noticed this only when Ed responded to your comment. Thanks a lot, Ed. Perhaps I answered the same question in another blogpost, sorry.
If you terminate your plan, you get only the current cash value of your plan, which is equal to a very small portion of what you paid.
This year, PPLIC is again authorized by the Insurance Commission to sell insurance plans. It’s among the top firms in premiums collected in 2009 and 2010. I hope it continues to be successful for the sake of the planholders.
It was PPLIC which paid my Danvil claim last October.
Hi Nors, I’m one of the plan holders of the previous Family First / Danvil presently residing here in Jeddah, KSA. Mag-inquire lang ako dahil nahinto na yung pag-charge sa Credit card ng monthly premium namin ng misis ko. Nag-start kami maging planholder noon pang July2001 at di ko alam kung kailan na matatapos dahil 3years back ay natigil ang pag charge sa akin for unknown reason. Na-restore lang yung pagcharge nung umuwi kami nung May2008. Mga one year rin yun na natigil. Tapos ngayun nga, natigil na naman mga ilang buwan na uli, ang alam ko kasi sa Jul2011 pa matapos un plus yung one year na natigil noon. Nag-email naman ako dun sa mypolycy@danvil.com.ph kay Mr. Eleazar Francisco (di ko alam kung connected pa siya sa PPLIC) eh hindi naman nag-rereply kaya nag-search ako sa internet ng tungkol sa Danvil na ito dahil medyo malaki-laki rin ang naihulog namin dito sayang naman ang pinagpaguran kung mawawala ng basta-basta. Next year pa yung uwi namin at dun ko pa lang mapapasyalan ang office nila sa Las Pinas. I hope may makuha kami kahit papano kasi para sana sa mga bata yun. Need your advise. Thnx – Manny
Hi Manny, ay oo dapat namang makuha ninyo ang investment ninyo. Last Feb 25, I emailed Mr. Francisco thru efrancisco@danvil.ph at he replied naman. He said this email address, including mypolicy@danvil.com.ph are functional. Email him again so you can continue paying, and get the full plan benefit. If no one replies, call +632 755 1521 or +632 755 1591 and ask why your credit card payments stopped. I know you know it’s important that you complete the payment to get your maximum benefit. Make follow-ups, be persistent as you’ve invested a lot of money. Hope you can share again here if you’ve solved your problem.
Thnx for your immediate reply Nors, I’ll try again to re-send my e-mail to Mr. Francisco to the address that you had given. We do know the fact that we have to complete our premium payments to get its total benefits when maturity comes on its due. Konti na lang naman yun natitira. My other friends here decided to stop already because you know, pasalin salin ng ownership ang company na ito at nagduda sila sa integrity. Hopefully magreply si Mr. Francisco kung ano na status ng policy ko at kung pano ko macontinue yung payment. Sayang kasi ang panahon na lumilipas, at least kung fully paid na maghintay na lang ng maturity date. I’ll post again whatever will be the outcome of my moves. Thnx again.
I’m from saipan, and just like others ay may worries din ako at first dahil nga sa style ng selling nila but because of this site nagkaroon ako ng linaw at medyo nabawasan ang mga worries ko. It’s true na mali ang selling style nila but as long na matatag ang company (PPLI) then better to continue with the policy than to cancel it. Am i right?
Hi, Paul, yes, I agree na better na lang to continue lalo na kung malaki na yong naihulog. May I ask, Paul, kung bago lang ba yong policy mo? At kung PPLIC yong nasa header ng policy mo, at PPLIC ang issuer? Thanks, Paul.
Hi Nor, I got my PPLI last Nov 2011 when I take my vacation. I was in SM North Edsa when a lady offer me a promotional item to introduce their company up to where I was convince to get Endownment plan. All the documents have PPLI header.
Hi,Paul, I asked if it’s PPLIC,and not Danvil, because for the long-term, it would be PPLIC processing the claims, as Danvil is no longer in the licensed pre-need list. Of course, as you know, we can’t know what the future will be, but based on past records, PPLIC has been operating since 1963, and in the most recent filing with the IC, Dec 2009, PPLIC was 17th among 35 life insurance firms in premium income and 29th in assets, and also among the fastest growing as of 2010 because of its aggressive marketing (which is oftentimes too aggressive). PPLIC displays many other achievements on its website.
Hi Nors, good day to you, it was 4 times already that I’ve sent emails to Mr. Francisco to the email add that you’ve given but until now there’s no reply at all. Me and my wife started to worry for what’s happening. PHP270k plus ang na naihulog na namin doon, ano kaya pwede namin gawin as our second move. Almost PHP22k na lang at tapos na sana namin ung premium pero ganito na nagpahinto-hinto at isa pa malayo kami para asikasuhin personally ung pag-charge ng premium. Thnx Nors for any assistance you may extend to us.
Hi Manny, if you like, you can email me your real names and your plan nos. and then I’ll call the Danvil hotline tomorrow, and ask them about your plans. workingpinoy.com@gmail.com
hi po,based on what i’ve saw and read parang it is really hard for me to cancel my policy since i became a plan holder last december 21, 2010. Can i ask po if it is possible to discontinue my policy?thanks….
Please advise me naman po if possible pang madiscontinue ko yung policy q s PPLIC…thanks..
Hi Kristine, katulad nga ng mga nabasa mo, mahirap nang mag-cancel para maka-refund kasi almost 3 months na rin yong lumipas, at nakapagbayad ka na ng 3 to 4 months. Pero ayoko rin namang magsabi na hindi na puede, mahirap lang.
Pero puedeng mag-discontinue na wala nang refund, of course. Just call your credit card issuer at gawin mo yong process para hindi na maka-deduct ang PPLIC sa card mo.
ah,,,ok ganun po ba?yun nga po eh i didn’t have enough balance for my credit card para masustain pa yung pagbayad sa insurance qo s PPLIC.Really sad lang po kasi possible ng wala aqng marefund?since i already deposited Php 6,650.00 in the first process plus yung feb.21 na nadeducted sa credit card ko po.
Legal nga ung PPLIC kaso ung marketing strategy nila ang nakaka inis! Di nyo masisisi kung marami nag rereklamo at nag sasabi na scam ang PPLIC kasi gawa nung marketing strategy pag nag NO ka di ka titigilan kaya sa sobrang kakulitan nila mapapa YES ka sa bawat sasabihin nila.. kung ayaw ng PPLIC na masabihan cla na scammers e sana naman e baguhin nila ung strategy nila, namimilit na sila e.
Hi, Ralph, yes, commercial seduction ang ginagawa nila — taking advantage of the weaknesses ng mga ibang Pinoy na hindi assertive, o maawain, o ayaw magpahiya ng tao, o nalilito.
yun nga po talagang marketing strategy nila eh talagang pipilitin ka pag nalamang you have a credit card.Pero ganun paman nasasayo parin ang desisyon if you would say a yes or no.
Hi Kristine, you’re also right. Companies need to survive so they think of strategies to market their products. Magkakaiba lang sila ng mga sagot sa mga business ethics questions such as “Up to what extent shall we market this?”
Are they really scammers? I’ve joined it too, and I tried to research about it on the internet, and I read so many sites, saying they’re scammers. But how do they become scammers? Because they were able to “manipulate” people into buying endowment policies, wherein actually people have the right to say no, anyway? I read that some got scared about reading blogs saying that they’re scammers and demanded a refund… and they got the refund anyway… so why are they scammers?
I’m hoping that people are just saying they’re scammers because of their marketing strategy, and not because the insurance company can’t deliver their promise.
I’m not even sure if maybe people are mistaking PPLIC with Prudential Life, which was the one under SEC and the one people should be waried about. Anyway, I checked the insurance commission website, and PPLIC was in the list: http://www.insurance.gov.ph/htm/_statistics.asp... so that’s good, right?
Also, so far, what I’ve seen saying they are scammers are all blogs, and subjective opinion of people. I tried looking it up sa newspapers (para medyo objective), and wala akong makita. So far, in the newspapers, it’s just stating that PPLIC is stable.
Am I a fool in having faith in this company? I do want to save, and thought about applying sa BPI Save-Up where they get 1k auto-debit from your other account, but earns only a a meager 1% interest. Then if ever na mag close iyong banko, I couldn’t get my money back 100% diba? Pero according to the agent, PPLIC offers 6% interest, pero same thing din, I have to “pay” (or “forcefully save” and discipline myself) para in 15 years time, I get more money! Am I too naive to believe in such a thing? When I believe in time deposits and Save-Ups in other banks?
Hi gusto ko lang po sana mg pa advice kng pano ipacancel ung npirmahan kong kontrata khit d k n mrefund yung pera hinahanap ko ung branch ng prudential life dito s sorsogon at albay through internet pero d ko mhanap, ang sbi kc ng agent s akin IMS dw d nman binaggit n prudential life pala, ng alok sya s akin uwian n noon mganda nman ang salestalk kya nkapirma ako kso pg alis ng agent my mga ngsabi nga s akin n ung wealth care card n nkapaloob dun s insurance d rin ngamit so ngdecide ako n bawiin kya pgkagbi binawi ko ung pinirmahan ko d n binigy d nman dw ipapasa naloko tlaga ako kc, newly hired ako wla akong alam s mga insurance, salary deduction po sya nung december ng umpisa mgdeduct, sna po matulungan nyo ako khit d ko n mbawi ung pera n binawas s akin macancel lng sya d ko kc malocate ang branch dito sa sorsogon at albay…
Hi jen, kung salary deduction, how about talking with your HR para wala nang salary deduction? Now, kung may agreement between your company and Prudential at ayaw itigil ng company mo ang deduction….. Anong Prudential Life ba ito? kasi 2 ang Prudential Life – Prudentialife Plans (or Prudential Life Plans) at Philippine Prudential Life Insurance (PPLIC).
prudential life insurance po yun ngpadla n nga po ako ng cancellation letter payroll services unit nmin kso tuloy pa rin ang bwas.
Hi jen, ito ang mga offices ng PPLIC http://www.philprudentiallife.com/contact-us/offices/ tignan mo kung saan ka puedeng mag-fax ng cancellation letter. sabihin mo you’re canceling the plan at itigil na yong pag-deduct, tell them hindi mo na hinahabol yong reimbursement, basta itigil na lang yong deduction. i suggest you call your HR para makausap mo sila para itigil na ang deduction. makiusap ka sa office ninyo diyan kung puedeng makitawag sa phone ninyo diyan para di ka na gumasto sa long distance, kasi office din naman ninyo ang tatawagan mo.
I got lured into this just a while back, I went back immediately to have it cancelled – will this help in the refunding of the debitted amount from my ATM?
Yes, they are legal based on what I’ve seen sa internet and yes, they may be able to deliver on their promises. But the way they do convince/manipulate people into signing up for an insurance can be too aggressive and a tad bit unethical.
Philippine Prudential Life Insurance Company, Inc.,namimilit ng tao, kunwari walang ibebenta sayo pakilala lang yung Company but actually binibentahan ka na nila.When you asked them how much is the return of your investment, they won’t tell you (less than 2% per year actually).Why not go directly to the bank and invest your money there if you really want to save anytime, pwede mo pa makuha.
Every now and then the agent congratulates you,parang tanga ka naman..
The usual credit card charges 3.5% per month on outstanding balance, PPLIC charges more or less 2% to your investment annually.
gud mrning po,,gus2 lang ita2nong po ung tungkol sa pension plan ni ariston sanchez,,,tpos na po ako,,pull paid na kya nai loan ko noong sept,2007,,pero d po ako nkbayad,,pwede ko po ba kukuhanin ang pera kong naihulog ng 5yrs,,at pwede ko na po sana makuha sa year 2014,,khit lang po ung pera ko na ang maibbgay nyo or pwede po ba ngaun ibigay ang nailoan ko noong 2007 at wla po kc nagbyad at nandd2 po ako sa abroad,,asawa nya po i2,,at ako po kc ang nakakaalam lahat..mraming salaMAT,,PO..CP,NO,+393899977382,,OR CALL NYO NLANG PO AKO,,thank you sir,,mdam
Hi Daniel, that’s a smart way to look at the PPLIC investment and any other investment. It’s a losing investment kapag hindi nababayaran agad yong PPLIC charge monthly. The monthly PPLIC premium charged on a credit card should be paid fully after it’s posted on the card statement, before due date, para walang finance charges.
Hi Lorna, I suggest, punta ka dito:
http://www.philprudentiallife.com/contact-us/ and then write: This is Lorna Sanchez, husband of Ariston Sanchez, who is a pension planholder of PPLIC. I, as the one working abroad, was the one who fully paid the plan. I would like to ask the status of the plan. This is my email address: _______ . I am presently working abroad, so I cannot come to your office in person. Thank you very much.
I hope they answer in a few days para makita mo kung ano na yong plan. Tapos, i-analyze mo kung anong dapat gawin. Best regards.
Lorna, additional pala, isama mo pala yong plan type and plan number, kung meron, plus yong face amount, date of plan, at maturity date, kung natatandaan mo
Hi Thank you to PPLIC. Grabe! ung hospitalization nila 1000/day laki pong tulong. Buti nlng hindi ako naniwala to those na nanira. Thank you po tlga.
hi kakajoin ko lang po sa PPIC. i felt the same way na parang naloko because of their marketing schemes i really disappointed and feel bad. pero how can i discontinue. meron video stating that i understand everything. i really felt dump.
gud mrning sir,e2 po email ko,lornasanchez45@yahoo.it,,,thank you,,sir..saan office po ako pupunta ..en now hndi pa ako mkpunta ,,pkiwrite nlang po d2….
manloloko yang pplic nayan…naloko ako nyan last june lang…sa mga naloko po ng pplic ipacancel nyo napo agad within 24 hours. basta wag ng lalagpas ng 15 days free look period. kasi pag lumagpas na pahirapan na yun. gumawa po kayo ng cancellation letter ipaxerox nyo po kasama ng mga documents na binigay nila. wag po kayo papayag ng 30 to 45 days kasi yung akin po 2 weeks lang nakuha ko na sya talagang hindi nakapalag sa amin yung agent. dapat po wag kayo mag pasindak sa kanila kasi gagawin nilang lahat ng pananakot para di maibalik ang pera nyo
may website po sa facebook na anti-pplic like po natin sya…thanks
Sir gudeve po ask ko lang po kung totoo ba na scammers ang PPLIC or wala lang tiwala ung mga new planholders nila?tnx po sa feedback
Philippine Prudential Life Insurance Company is a scam. sila yung mga agents sa mga mall na haharang nalang bigla sayo mangungulit at sasabihin na nanalo ka ng raffle or kung ano ano. mapagsamantala yang mga yan mga manloloko. advise ko lang kung naloko kayo ng pplic nayan. ipacancel nyo agad pwede nyo po sila tawagan then write a cancellation letter. ipaxerox nyo ang cancellation letter nyo kasama na ng mga documents then balik kayo sa branch ng pinagkuhanan nyo ng policy. ipacancel nyo po sabihin nyo sa kanila dapat stick to your decision na ipacancel kasi lahat ng paraan gagawin nila kesyo tatakutin kayo para lang di macancel yung policy nyo. ibabalik nyo sa kanila yung mga original na documents nyo. note sa lahat dapat may copy kayo lalo na resibo or anything na mangagaling sa kanila hindi pwedeng sila lang ang may copy.
pag na cancel na bibigyan nila kayo ng SOA nakalagay cancelled from inception.pwede nyong sabihin sa kanila na i rush ang pag release ng money nyo kasi yung sakin 2 weeks lang and marame po ang nakapag refund ng 2 weeks lang. basta ang importante sakop pa ng 15 day free look period yung policy nyo kasi pag lumagpas na mahirap na lalo na pag nakapagbayad na kayo tapos gusto nyo ipacancel sa lawyer or sa insurance commission na kayo hihingi ng tulong which is mahirap kasi hindi naman maasikaso agad ng IC and mas hassle pa so ipacancel nyo na po agad
read nyo po yung blog ni arpee lazaro regarding pplic marame po kayong mababasa dun at matutulungan kayo. like nyo rin po sa facebook yung anti pplic. thanks
Guys thank you. You really are helping me a lot. I joined last October 3 and I am not sure about it and wanted to get my money back.
HOW CAN PEOPLE CALL PHILIPPINE PRUDENTIAL A Scam well in fact IT’S NOT!!!!!
Am one of the policy holders of this company although hindi ung no. 1 seller nila na endowment policy (which is a form of a disciplinary savings at the same time insurance), ung good for 1 year lang ung na-avail and na-afford ko…What I understood with the whole presentation I attended, It’s true na each client is NOT REQUIRED to purchase anything pero pagNAGUSTUHAN naman..y not diba???deh.. purchase it!
EH sah NAGUSTUHAN KO UNG BENEFITS…
Nagiging innovative lang kamo ang mga Pilipino and was looking for ways on how to promote and malaman ng public gaano ka-importante ang insurance or ung savings… anong mali sa RAFFLE? kung tayo nga kailangan natin magpurchase ng kung ano anong product sa mall para lang makasali sa mga pakontest2x sa mall how much more sa hindi naman required to purchase anything?
mga pilipino talaga mahilig humila pababa nga kapwa pinoy…
http://www.youtube.com/watch?v=lPEfwMLdzR4
totoo po bang may pa raffle kayo ngayon na free college scholarship gift certificate sa SM LUCENA…may nagttxt po xe sakin about don…at ito rin po ba ung address nyo 22flor raffles corporate blding emerald ave ortigas pasig city..
at nagpakilala rin po syang c jeff pulad…
hi po. naexperience ko to kanina and napapunta nila ako sa office and an agent explained the endowment. tas she was asking me to sign the application sheet and i refused to. pero ung parang survey sheet with info and all nasignan ko po. the agent kept on insisting that i avail and she even indirectly insulted me saying na hindi ko nakita ung value ng inoofer ng company. still i refused to fill up the application form. pano po un, they have some of my personal information. and will they debit my credit card or atm or ideduct bigla sa payroll ko kahit di ako pumirma ng contract? pano kung gamitin po nila ung signature ko dun sa ibang paper na pinapirmahan nila? thanks.
Hi cheska, hindi naman nila na-swipe yong credit card mo or ATM mo, so walang nakuha. To be more certain, tawagan mo yong card issuer mo at tanungin mo kung meron bang payment transaction na prudential life.
Yong sa info mo, puedeng magamit nila yon for further marketing to you, pero kung wala ka namang tatanggapin, wala rin. Alert ka na lang sa mga promos.
Lahat po ba ng naiissuehan ng SOA na ang status e cancelled narerefund? Nagsign po ako ng policy nung November 11, the next day pinacancel ko.
hi. nainvite po ako last saturday na kunin ung datamex scholarship, so nagpunta ko. sa raffles corp tower sa pasig city last Dec 3, 2011. ewan ko pero isa isa na pa lang pinapa-fill up ung mga forms na kailangan. hanggang sa hiramion nila ung Credit Card ko, aun! instant utang na P19+K. pati misis ko na isinama ko lang, nakuhaan din ng almost P10+K. then, nagresearch ako bout sa company nila, aun, nakita ko tong mga blog na ito, nagpunta ko ulit kanina sa Raffles Corp Tower to cancel our insurance. hindi ako makalaban sa mga sinasabi ng Assistant Manager. I am firm naman sa pagsasabi na gusto na naming i-cancel. but they refuse. if ikakansel daw namin, wala kaming matatanggap na refund. at pwede lang daw naming gawin ay ikansel ang isa sa amin since covered naman daw ng isang policy ang buong pamilya. can you please help us? thanks..
Hi Sam, sorry ang help ko lang is advice for you to go back and demand the return of your money. Puede ring pumunta kayo sa Insurance Commission at humingi kayo ng tulong doon. Surely ang isasagot diyan ng PPLIC is ibinigay nio yong credit cards ninyo. Lahat ng nakaranas ng ganyan, alam nating merong deceipt at psychological seduction. Email and call you credit card firms and tell them not to charge PPLIC again. You can go to their offices and have your request marked Received with date and signature.
ung iba yta nkikisawsaw nalang sa topic at khit d cla nascam ganon na tingin nila sa pplic.guys wag nman ganon.check nyo muna husto ang pplic bgo tyo mnghusga
Having read exchanges of replies here, i think, like what happened a couple of years ago, there is a misinformation regarding PPLIC and PPI. PPLIC which stands for Philippine Prudential Life Insurance Company Inc. is different from PPI which stands for Prudentialife Plans Inc. PPLIC po ang bumili nang insurance part nang Danvil Inc. Ito po yung merong aggressive method of selling to prospective customers. Actually, iyung Danvil po ang merong ganung sistema nang pagbebenta, nagkataon lang po na ngayon as partners po, sinasama na rin po nila sa pagbenta yung insurance nang PPLIC. But PPLIC is a LEGIT company and is being govern by Insurance Commission.
On the other hand, itong PPI ay biktima din po nung last worldwide economic recession. The company, at that time, was not able to convince SEC that they have enough cash(liquidity) to fulfil their obligation. BUT, they have fixed assets na puedeng ibenta which they offer that time, kaya lang di pumayag SEC kaya they were halted to sell their product. SCAM or not, up to you po. Victim of circumstances, maybe. Pero they assured, one form or another, they will fulfil their obligation. Cross-fingers.
With regards to aggressive mode of marketing, i think it will not be consummated if we don’t accept it. So, in the end it’s still up to us….
Hi Rolly, thanks for the input. Really appreciate it.
The truth about PPLIC is that it is a legitimate company but its selling tactics are DECEITFUL. i think this is one aspect that people should know. I am a victim myself and infact I have a meeting with the Insurance Commission on Feb 1 about this. Kasi, when I availed the product, I was told that I am availing a savings plan, kesyo this is a new product of their company. And on top of that savings plan, I am eligible to receive a FREE insurance. A year after making my contri, I found out the truth. Unfortunately, I was an OFW when I bought this so I had no chance to review the policy or the contract since I had to fly out of the country a few days after I made the purchase. I really clinged on their sales pitch na it was a savings scheme. Now, the main issue is why PPLIC gets away with this deceptive marketing. It’s a bog NO NO. kahit na sabihing this is a sales, they should still stick with the facts! Besides, that alone is a misrepresentation and it is a clear violation of the Insurance Code. At yun ang point na nairaise ko sa Insurance Comm. This thing has to be stopped or else maraming tao pa rin ang mabibiktima. Even if they say na you have the 15-day free look up and you can make a refund, the moment na may makaltas na pera sayo and you changed your mind later on, you will still be subjected to unnecessary stress. It would take you 30-45 days before you”ll receive your money back. and that time frame doesn’t include pa ung time when you inform them of your desire to cancel the plan. So, yes, PPLIC is at fault and they deceive people. This is a crime and this has to be stopped! sPREAD THE WORD SO THAT OTHERS MAY BE WARNED.
Hi Czar, thanks for your comments. It’s good that you went to the IC to take this up. It’s just sad that unless there’s a clear video or another kind of unquestionable evidence of deceit or fraud, the marketers can always argue that theirs is a lawful marketing strategy, and that people signed papers, or gave their credit cards willingly, etc. (na yan naman palagi ang nirarason nila whenever questioned).
meron po ba dito nagpacancel tapos na refund na po un binayaran nila? un 30-45 days nila, working days ba un? kc un akin nagpacancel ako nun dec 19, 2011, february 4, 2012 na wala parin un refund.