I-Remit Inc. (I-Remit), the largest Filipino owned, non bank, money remittance company partners with the Philippines largest Filipino insurance company, Insular Life Assurance Co. Ltd. (Insular Life).
I-Remit may now start accepting payments for insurance premiums from Insular Life policyholders in any of its foreign offices, partners and affiliates under its collection agreement which was recently signed by no less than the top honchos of the two largest Filipino corporations in their respective industries – Messrs. Bansan C. Choa, Chairman & CEO and Harris E.D. Jacildo, President and COO for I-Remit while Messrs. Vicente R. Ayllon, Chairman and CEO and Mayo Jose B. Ongsingco, President and COO for Insular Life.
“This agreement is in keeping with our commitment to give additional services to our Overseas Filipino Workers” said Bansan C. Choa, Chairman and CEO of I-Remit, Inc.
“It also makes us proud to have Insular Life, another Filipino owned company and a leader in its industry, join us in our aim to give our fellow Filipinos abroad the facility to settle their respective insurance policies under Insular Life at all I-Remit offices, partners and affiliates globally.” he added.
I-Remit has existing partnerships and collection agreements with some government agencies such as SSS, Pag-IBIG and Philhealth. It also has similar partnership agreements with companies from various industries such as real estate, appliance and food.
“Adding this service to our current roster of offerings apart from our core remittance service, gives the OFWs access to different products and services, this time, to long term investments in the form of insurance” added Harris E.D. Jacildo, President and COO of I-Remit.
I-Remit has a growing network in 27 countries in the Asia Pacific, North America, Europe and the Middle East region. It is also a publicly listed company in the Philippine Stocks Exchange.