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 ASEAN Corporate Governance Scorecard

Part A - Rights of Shareholders
A.1 Basic Shareholder Rights
A.2 Right to participate in decisions concerning fundamental corporate changes
A.3 Right to participate effectively in and vote in general shareholder meetings and should be informed of the rules, including voting procedures, that govern general shareholder meetings.
A.4 Markets for corporate control should be allowed to function in an efficient and transparent manner.
A.5 The exercise of ownership rights by all shareholders, including institutional investors, should be facilitated.
Part B - Equitable Treatment of Shareholders
B.1 Sharing and voting rights
B.2 Notice of AGM
B.3 Insider trading and abusive self-dealing should be prohibited.
B.4 Related party transactions by directors and key executives.
B.5 Protecting minority shareholders from abusive actions
Part C - Role of Stakeholders
C.1 The rights of stakeholders that are established by law or through mutual agreements are to be respected.
C.2 Where stakeholder interests are protected by law, stakeholders should have the opportunity to obtain effective redress for violation of their rights.
C.3 Performance-enhancing mechanisms for employee participation should be permitted to develop.
C.4 Stakeholders including individual employee and their representative bodies, should be able to freely communicate their concerns about illegal or unethical practices to the board and their rights should not be compromised for doing this.
Part D - Disclosure and Transparency
D.1 Transparent ownership structure
D.2 Quality of Annual Report
D.3 Disclosure of related party transactions (RPT)
D.4 Directors and commissioners dealings in shares of the company
D.5 External auditor and Auditor Report
D.6 Medium of communications
D.7 Medium of communications
D.8 Medium of communications
D.9 Medium of communications
Part E - Responsibilities of the Board
E.1 Medium of communications
E.2 Board Structure
E.3 Board Processes
E.4 People on the Board
E.5 People on the Board
Bonus
A. Rights of shareholders
A.1 Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting procedures, that govern general shareholders meeting.
B. Equitable treatment of shareholders
B.1 Notice of AGM
C. Roles of Stakeholders
C.1 The rights of stakeholders that are established by law or through mutual agreements are to be respected
D. Disclosure and transparency
D.1 Quality of Annual Report
E. Responsibilities of the Board
E.1 Board Competencies and Diversity
E.2 Nominating Committee
E.3 Board Appointments and Re-Election
E.4 Board Structure & Composition
E.5 Board Performance
Penalty
A. Rights of shareholders
A.1 Basic shareholder rights
A.2 Shareholders, including institutional shareholders, should be allowed to consult with each other on issues concerning their basic shareholder rights as defined in the Principles, subject to exceptions to prevent abuse.
A.3 Right to participate effectively in and vote in general shareholders meeting and should be informed of the rules, including voting procedures, that govern general shareholders meeting.
A.4 Capital structures and arrangements that enable certain shareholders to obtain a degree of control disproportionate to their equity ownership should be disclosed.
A.5 Capital structures and arrangements that enable certain shareholders to obtain a degree of control disproportionate to their equity ownership should be disclosed.
B. Equitable treatment of shareholders
B.1 Insider trading and abusive self-dealing should be prohibited.
B.2 Protecting minority shareholders from abusive action
C. Role of stakeholders
C.1 The rights of stakeholders that are established by law or through mutual agreements are to be respected.
C.2 Where stakeholders participate in the corporate governance process, they should have access to relevant, sufficient and reliable information on a timely and regular basis.
D. Disclosure and transparency
D.1 Sanctions from regulator on financial reports
E. Responsibilities of the Board
E.1 Compliance with listing rules, regulations and applicable laws
E.2 Board Appraisal
E.3 External Audit
E.4 Board Structure and Composition