Sun Life, 8990 sign insurance partnership
Mass housing developer 8990 Holdings Inc. teamed up with Sun Life of Canada (Philippines) Inc., the top-ranked insurance company in the Philippines, to provide homebuyers access to low-cost homes and financial services.
Under the partnership, 8990 Holdings’ clients can avail of Sun Life’s low-cost insurance product and mutual funds at substantially lower placements offered through Sun Life Asset Management Company Inc.
With the help of Sun Life, 8990 will also offer clients investment options by proving them a hands-on opportunity to experience and understand the benefits of insurance and financial investments at little or no cost to them.
8990’s customers will enjoy these benefits as clients in good standing. This collaboration follows the signing of a memorandum of cooperation in line with the vision of a financially inclusive Philippines.
“We’re delighted to partner with 8990 Holdings Inc. which has been blazing new trails in the real estate industry with its unique approach to mass housing,” Sun Life president and chief executive Riza Mantaring said.
“Sun Life looks forward to broadening its market and bringing its products to more Filipinos nationwide,” she said.
8990 Holdings president and chief executive JJ Atencio is optimistic that the partnership will thrive.
“We’re thrilled to work with a company that shares our mission of helping Filipinos have a more secure future,” he said. “Collaborating with Sun Life will allow us to boost the service we offer our clients and have a more significant impact on their lives.”
8990 Holdings is one of the leading house and lot developers in the country.
Most housing projects are targeted towards lower-middle income working class Filipinos, with their house and lot units ranging from P450,000 to P1.5 million.