Manulife opens news branch in Dumaguete City

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Friday, August 2, 2013

DUMAGUETE CITY -– Manulife, one of the oldest and top life insurance companies in the country, has opened its branch in Dumaguete City to cater to the needs of its people as well as from other parts of the province of Negros Oriental.

Manulife has operated in the Philippines for more than 100 years and offers financial innovative products as well as a range of other services suited for every individual’s needs, Indren Naidoo, Manulife President and CEO, told a press conference late Wednesday at their new branch office in Dumaguete.

According to Naidoo, this is the 27th branch in the Philippines. One of the reasons for Manulife penetrating the Dumaguete market is because of its growing economy, particularly with the sprouting of business process outsourcing companies here.


As it kicked off in Dumaguete, at least 150 local agents are now working for Manulife, which targets to increase the number to as many 200 to 250 agents by the end of the year, said Joey Grin

Margarita Lopez, Senior Vice President and Chief Operations Officer, explained that Manulife is aggressively expanding to help Filipino families become resilient in their financial state of affairs.

Manulife offers a better life and a better future for Filipino families, with the company being accessible 24/7 via online, social media and a 1-800 number, she said.

It is time to come to Dumaguete, seen as the next growth area for Manulife with its booming economy. “We see the future here,” she said, adding that the city could be as big as Cebu City in 10 to 15 years with proper planning and the right infrastructure.

Bing Ledesma de los Reyes, Vice President and Territory 2 Head, emphasized that Manulife is different from other life insurance companies in that it is investing heavily on the development and training of agents and distribution partners. (PNA)


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