The Manila Bankers Life Insurance Corporation, commonly known as MBLIFE, was founded by the late Senator Gil J. Puyat.
The life insurance company was a result of a merger between the Alpha Mutual Life Insurance Company and Bankers Life Insurance Corporation.
It became fully operational on May 19, 1967.
The company has been around the life insurance industry for over five decades.
However, despite its extensive years in the industry, the company was still subject to the public’s ire and complaint.
Beginning 2013, MBLIFE members took to social media to air their grievances and criticisms against the company.
Members accused the institution of luring them into their policies through sketchy strategies.
MBLIFE personnel supposedly convinced the insured to give them their credit or ATM card as a step in a verification process.
Based on accounts, these personnel will swipe the card without prior knowledge of the insured.
Much to the client’s surprise, he or she is already robbed off the money.
Basing it on past accounts of members who were supposedly victimized by the company, potential clients now ask, “Is MBLIFE a SCAM?”
Here’s what you have to know:
✓ MBLIFE IS REGISTERED UNDER THE PHILIPPINE INSURANCE COMMISSION
MBLIFE is included in the list of the Philippine Insurance Commission. Based on the insurance commission’s website, MBLIFE has a renewed license effective for year 2016-2018.
The Insurance Commission, under the Department of Finance, is the agency that regulates and supervises all insurance companies in the country.
This include insurance, pre-need, and HMO industries.
✓ MBLIFE HAS AN ESTABLISHED OFFICE
The lack of an established office can raise doubts if a company is legitimate or not. An office is a necessity for a company to do business.
In here, you entertain concerns, keep documents, and make transactions.
MBLIFE does not only have an office, it is even strategically located in the heart of Makati.
✓ MBLIFE HAS A WEBSITE AND CUSTOMER CARE CENTER
Managing a website is key in keeping your clients informed. We MBLIFE has an active website where clients can access news and updates about the company and its policies.
The website also contains the information about the company as well as the different products it offers.
Aside from this, they also have a customer care hotline, which members can call whenever they have concerns.
✓ MBLIFE HAS SATISFIED CLIENTS
While there were a number of complaints, a number of clients also testified to the quality of service MBLIFE has provided.
With a new management taking over, we MBLIFE was able to hear the concerns of the public and address the issues at hand.
The power of social media has been proven time and again.
With all the complaints hurled against us MBLIFE through various online platforms, doubters were born.
However, the issues on misrepresentations of the company are finally being addressed.
This is according to a company personnel.
Moving forward, MBLIFE shifts its focus on improving its services and ensuring all concerns are properly addressed.
The company is also not letting up on the issues hurled against it.
Instead, they are offering impeccable policies that suit the varying needs and preferences of their potential and existing clients.
These policies include the following:
Life Insurance + Savings
If you want to insure yourself and have savings at the same time, this is the perfect choice for you.
MBLife’s Money Saver will assist you in safeguarding your future.
This kind of policy have features such as numerous cash benefits and return of investment.
The best part: You only have to pay for 5 years, yet you will be ensured for life!
Insurance + Medical Assistance
This policy will make you feel physically and financially secured.
MBLife’s Life Saver policy will provide you with a number of health protection and financial security benefits including income replacement in case of confinement, return of investment and memorial fund.
All-In-One Plan
MBLife’s MPower is a comprehensive policy.
Clients who avail of this policy are entitled to various medical and monetary benefits including a memorial fund for beneficiaries as well as P4 million worth of medical funds.
Creditors Life Insurance & Micro Insurance
This special life insurance product is designed to cater to Creditor Banks, Cooperatives and other Financial Institutions, to help them cover the risk of losing their investment in the scenario of a Borrower’s untimely death.
Health Insurance + Group Life
If you are an employer, the Group Life Insurance is something you should consider.
This plan will insure your employees and their families and give them only the finest life and medical services.
You can also customize the packages to best suit their needs.
Life Insurance + Memorial
Memorial services also cost a huge amount of money. With this plan, you don’t have to worry about your family having to look for funds for your memorial services.
This policy will provide you with both life insurance benefits and memorial services to the insured.
This 2018, Manila Bankers Life Insurance Corporation (MBLIFE) remains optimistic that the misrepresentations will be redeemed through the existence of a more competent and efficient pool of people.
The obstacles the company encountered in the previous years were deemed challenges that are necessary for growth.
Through small steps, the company is taking measures to address issues regarding their policies and provide relevant information about their plans.
To meet this goal, the company is keeping its lines open to respond to clients’ needs and concerns.
Their website is also accessible anytime to provide facts and data.
Spending or investing your hard-earned money is no joke. It takes a lot of your time and effort to earn a certain amount of cash.
The hard work you put in order to acquire this must not be taken for granted.
And it is completely understandable if you raise questions if a company is legitimate or not.
No one will question your right to information, but as a human being, you also have discretion.
mbilis sila mag response sa mga inquiries ko, mas naliwngn ako kung pno ba tlga mag avail ng insurance, di naman din talga sya scam.
Informative tsaka malaking tulong sa pag start up ng pagkuha ng insurance. Salamat mblife!
Couldn’t of been more happy with mblife’s fast response. great job. Would do it all over again if I had to. Thank you!!
Mblife or Manila Bankers Life Insurance Corporation was extremely helpful and answered all my questions. Follow up was quick and efficient! The whole experience was positive and I would recommend anyone seeking insurance to contact this company.