With effect from 1st July 2016, the operations of Generali Pilipinas Life Assurance Company, Inc. (GPLAC) have been reorganized.

GPLAC has been renamed BDO Life Assurance Company, Inc. (BDO Life)1 while Generali Pilipinas Insurance Company, Inc. (GPIC) has been renamed Generali Life Assurance Philippines Inc. (Generali Philippines)2.

All existing individual life policies written by GPLAC prior to 1st July, 2016 including the BDO Mortgage Redemption Insurance (MRI) Program will continue to be serviced by BDO Life.

All existing group business including Employee Benefits coverage (Life & Health) written by GPLAC prior to 1st July will continue to be serviced by Generali Life Philippines.

There will be no impact on the terms and conditions of all existing policies.

1 BDO Life is a wholly-owned subsidiary of BDO Unibank, Inc.
2 Generali Life Philippines is a wholly-owned subsidiary of the Generali Group.

Please click the link below to be redirected to the BDO Life site.

Please click the link below to be redirected to the Generali Life Philippines site.


Should you have further questions, please feel free to get in touch with us:
BDO Life
Telephone Number: 885-4110
Email: we-care@bdolife.com.ph

Generali Life
Telephone Number: (63) 2 580-6600 & (63) 2 894-1135

Home Governance Internal Control & Risk Management Framework

Internal Control & Risk Management Framework

The Internal Control and Risk Management (ICRM) Framework embodies the corporate governance philosophy of the Company. Based on the Generali Group's Enterprise Risk Management model, the ICRM defines the roles and responsibilities of the governance bodies (i.e. Board of Directors and sub-committees), the operating units, and monitoring functions (i.e. Risk Management, Compliance, and Internal Audit).

The ICRM categorizes Corporate functional responsibilities into two levels: operational, and review and control. These categories are further sub-categorized into three lines, for internal control and risk management purposes. These are the following:

Operational functions ('Risk Owners')

Risk Management and Compliance functions

Internal Audit function

The overall objective of ICRM is value creation for the Company's stakeholders - customers, shareholders, and regulators, through a strong internal control and risk management system.