By Satur C. Ocampo At Ground Level | The Philippine Star After having written six pieces in this space, detailing the complaints of unfair and unjust treatment of policy/plan holders by two big insurance and two pre-need companies, positive turns have developed for the aggrieved planholders of Philippine Prudential Life Insurance Co. and Pryce Plans,…
Tags: Pryce Plans
Revisiting Pryce Plans’ unjust, unfair ‘settlement’
By Satur C. Ocampo At Ground Level | The Philippine Star Six years ago (March 17, 2008) my modest pension-plan contract with Pryce Plans, Inc. matured, after I had diligently paid P256,800 in premiums over 10 years. The company asked me to choose the mode of payment on my claim. I chose immediate full lump-sum:…
Insurance Commission remiss in regulating pre-need firms
By Satur C. Ocampo At Ground Level | The Philippine Star Last April 20 and 27, I wrote about how Pryce Plans, Inc. and its president, Salvador P. Escano, treated me over the lump-sum payment of my modest (P300,000) pension plan that the company was obligated to hand over to me in 2008. After a…
Other victims outraged by Pryce Plans unfairness
By Satur C. Ocampo At Ground Level | The Philippine Star Strong reactions from readers met last week’s column piece detailing how Pryce Plans, Inc. tried, in vain, to induce me into accepting only 40% of the cash value of my P300,000 pension plan that matured five years ago or taking 80% equivalent in liquefied…