Allianz PNB Life Products and Services

As a firm believer of insurance and investments, I took time out early today to attend Allianz PNB Event at The Rockwell Glasshouse, to learn about their products and services.

The first segment was spent discussing about the millennials, specifically Filipino Millennials and I was relieved to know that contrary to what parents believe, millennials actually have pakialam (conscious and sensitive of what is happening). 

According to the 2018 Allianz Life Generations Ahead Study conducted online in May 2017 among American adults, 41% of the millennials who responded said they set aside money each month for saving, compared with 36% for Gen X-ers. Some 58% of the respondent millennials also see saving for retirement as a basic necessity like food and housing.

According to latest Insurance Commission data, Allianz PNB was the twelfth-largest life insurer in terms of premium income with P5.3 billion as of end-2017.

The second part was an introduction of Allianz Azpire.  Allianz Azpire is ALLIANZ PNB Life Insurance, Inc. product designed for millennials, specifically for Fillennilas (Filipino Millennials).  The features of this product are catered towards the needs of younger generations.

“We’re making sure we have exciting propositions for millennials so it is attuned to their needs. When we design our products, we really talk to them. We do focus group discussions. We make sure that we’re developing products that are suitable for their needs. What we’ve done in this variant of unit-linked [insurance] is we made the premium charges really low so that you can accumulate funds faster. Coverage can be as low as P30,000 a year as clients can choose to pay premiums annually, semi-annually, quarterly and monthly. As premiums go higher, charges and fees will be reduced for clients to get more of their investment. Loyalty bonuses will be given at the end of 10 and 20 years.  The insurance product was mainly designed for millennials as they are becoming increasingly inclined to save and invest for the future. We’re positioning it for millennials because we’ve learned that they actually have the desire to save and invest so we’re giving them the platform to do it. Aside from this, Allianz PNB is making its customer experience better for millennials. We’re making sure that they get the best customer experience because we know millennials are a bit impatient. They demand only the best,” said PNB Chief Finance Officer Efren C. Caringal, 

They also announced  Allianz Start - The Search for Inspired Young Entrepreneurs, wherein 5 winners will be chosen from Manila, North Luzon, South Luzon, Visayas and Mindanao. 

Criteria for Judging are Innovation 25%,  Unique Approach 25%,  Social Relevance and Feasibility 15%, Sustainability 15%, Presentation 15% and Online Reception 5%.

To join this contest visit  https://www.allianzpnblife.ph for more details.

(Guest Speakers: Couple Mark and Precious Martin, Rob Afzelius,  Kevin Lapena and Erica Wong)

From left to right: Evnets host Janeena , PNB Chief Finance Officer Efren C. Caringal, 

Couple Mark and Precious Martin, Kevin Lapena, Rob Afzelius, Erica Wong, GaeMartinez)

About Allianz PNB Life:

Allianz PNB Life is among the major life insurers in the Philippines, which began its operations in 2001. They are a leading provider of Variable Life products, complemented by a full line of Life protection offerings for individuals and institutions. All their products and services are designed to meet the lifetime financial planning, wealth accumulation, and well-being aspirations of every Filipino Family.

Allianz PNB Life’s main headquarters is in Makati City, the country’s main business district, with eleven business centres strategically located in key cities across the archipelago. It has the support of over 150 employees and 400 financial advisors to serve our dear policyholders and deliver great customer service experiences.

The exclusive distribution partnership between Allianz and the Philippine National Bank with the bank’s over 600 nationwide branch network provides immense bancassurance opportunities to reach a broader base of Filipino Families whenever, wherever.

The Allianz Group is a global financial services provider with services predominantly in the insurance and asset management business. 85 million retail and corporate clients in more than 70 countries rely on our knowledge, global presence, financial strength and solidity. In fiscal year 2015 over 142,000 employees worldwide achieved total revenues of 125.2 billion euros and an operating profit of 10.7 billion euros. Allianz SE, the parent company, is headquartered in Munich, Germany.

The Philippine National Bank celebrated its centennial in the Philippine banking industry in 2016. As the country’s 4th largest private commercial bank, PNB has always been the bank that customers can lean on. It offers a heritage and unique brand of Filipino service, backed by a century of stability and excellence. PNB looks forward to yet another hundred years of serving You First.

The Allianz Group is a global financial services provider with services predominantly in the insurance and asset management business that has 125-years history. Allianz has transformed the global financial community with cutting-edge insurance solutions and a commitment to superior customer experience.