Is PPLIC a Scam?
Posted by Deetsie AquinoThis question didn’t really came to me until I read so many blog posts against the insurance plan we just bought. Most blog posts I read were complaints on how the vultures of PPLIC lured and scammed them. There is an ocean of marketing strategies out there and no matter how obnoxious and intrusive, I knew theirs was just one of the many. Having worked in advertising and finance businesses in the past, their marketing ploy was not surprising for me at all.
The Philippine Prudential Life Insurance Co., Inc. (PPLIC) came in the picture just recently luring shoppers to claim freebies in exchange of a 45 minute talk – for promotion and advertisement purposes, they say. Jeedo and I went to LimKetKai Mall one lazy day just to spend time together. We didn’t really have a destination in mind so when an agent came to us and offered some goodies, we took the bait. They were very strategic and well-coordinated. Like a pack of goons passing bank money bags from one to another -flawlessly. We were escorted to their service car and were politely received at their 5th Floor office at the Gateway Tower. The staff were courteous and everyone seemed like on high spirits even at 8:00 in the evening.
The product was presented to us and to cut a very long exchange of stories short, we bought the premium package and paid in advance for the whole year. We shelled out around PHP24K in cold cash. My husband and I were pretty much impressed by their service and were happy about buying the product. It was more of a savings plan with insurance. Not a growth fund or term investment because the interest rate is really low. You can hardly feel the money growing with time. We already have insurance policies in PRULife UK and Philam. And Ea’s college is pretty much covered with that already. So this PPLIC pack we bought was more like putting money in a virtual piggy bank.
I know most of the rants were about the way they were lured into the Vulture’s Den. I would agree, the style is obnoxious and deceitful. If I were a skeptic type, I wouldn’t have delved into it. To be honest, I didn’t mind their strategy then as much as I do now – after reading a lot of blog posts. I admired the products but not their promos and agents. I’ve let go of their freebie pranks and have forgiven the vultures (ahem!). I’m concerned now if the products were real at all. If I’ll need it back at some point, will I get anything? Is there anyone out there who bought their products some 10 years ago and happily reaping its benefits now?
Lesson learned: Investments should be properly thought through – for way more than 45 minutes. There shouldn’t be any room for hasty decisions when it comes to expense, finances and savings. So I’m gonna go ahead and check the policy packs. I stowed it safely away thinking I just have to wait until it’s cooked and ready, haha.
They do have a website which you can find by clicking here.
October 22nd, 2010 at 08:40
I remember my first encounter with this investment gimmick when I was still in Manila. i went to Ayala to claim my life insurance for free then I declined to join kay wa ko ni bilib..:)
November 13th, 2010 at 14:00
Thanks for the post
January 10th, 2011 at 13:59
Hi Mare. I made a post similar to this. It’s about Philam Life’s free insurance scheme. Strategy is different though. You can read through the comments (alarming ones)
http://bit.ly/eaEuTC
April 5th, 2011 at 16:44
Hey mare.. I read ur post. You know what, Jeedo actually purchased one of those insurance from Philam (PHP25,000) and he paid one-time bigtime. I was surprised but I can no longer do anything about it. I’ll check how the terms are going. Maybe we’ll withdraw the funds na lang..
April 14th, 2011 at 18:37
hahay..pakisabi sa mga relatives nyo na kung may tatawag from Philippine prudential life para magclaim ng rewards and benefits sabihin nyo.hindi yan totoo kasi pwede namang mag aral sa datamex kahit wala ung voucer.atsaka wagkayong magpapakita ng credit card nyo please lang.tnx
June 27th, 2011 at 10:02
HI..INTERESTED what PPLIC all about?
good payer kasi sila mag bayad ng rent kaya hindi rin puide sila e let go sa SM!!
simple….it’s a scam..trust ,me…i used to work with the company before, when I found out it’s a scam..i resigned immediately..
puntarya nila talagang yong mga big malls cause it has reputation, just like SM…
ahahah trust me…marami nang umiyak sa kanila kasi insurance daw then form the time na puide mo na kunin money mo..wala na they’re gone in the wind!!!
August 22nd, 2011 at 14:12
Wow, thanks for your comments, Marilyn and Daphne. Now I’m starting to get worried. They called in i think 2 months ago saying may freebie na pwede na namin i-claim for having invested.. we didn’t get the chance to get it.. I’ll see if pede na kunin yung buong funds..
September 6th, 2011 at 00:38
jaz 2 weeks ago, 1 of their agents called me and asked me to go and claim my freebies in their office.. even on sunday or holiday, they are willing to entertain you (imagine that jaz for a freebies).. jaz to end the call i said yes on a certain date, but of course i have no plans of getting there. mind you, i was already a victim of philam plans jaz the beggining of this year, why would i let myself become a victim for a second time? everyday that agent calls me and tries to persuade me.. they wouldn’t let you go.. tsk, credit banks forwards your name and card to other companies which are bogus in deed, robbing you your money. BEWARE!
September 12th, 2011 at 19:28
they were strategic to attract people..ayun na-uto tuloy ako!
..i actually decided to downgrade my policy kasi namamahalan na aq..ang nangyari pinapabayad pa ako ng 2 months para maka-downgrade ako? ano yun? imbis magda-downgrade ka na nga kasi masyadong mahal na eh pinapabayad kpa!!!..nasasayangan kasi ako na i-reduce paid up kasi halos 1/4 lng makukuha mo..so i decided na ipagpatuloy kahit magda-downgrade nlng aq..they told me ang sobra sa previous months na nabayaran ko let’s just say 1610 noon..downgrade to 920..so, ang sobra sa months nung nagbayad ka ng 1610..dapat ifi-fill daw for the following months…so wow, okay pala! eh ang ngyari 3 months lng ang ifi-fill..eh 8 months akong nkabayad ng 1610..may sobrang 690 x 8 months = 5,520 ..eh dapat sana 6 months ang advance na bayad ko..eh pinapabayad pa ako ng 2 months so i can downgrade..eh magiging 10 months na ayung 1610 ko..mas lalo akong lugi nun…hay naku! ano ba pwede gawin nito? puta talaga yan sila oh.grrrrrrrr PPLIC scammer!!!
September 20th, 2011 at 08:39
Philippine Prudential Life Insurance Company is a scam. sila yung mga agents sa mga mall na haharang nalang bigla sayo mangungulit at sasabihin na nanalo ka ng raffle or kung ano ano. mapagsamantala yang mga yan mga manloloko. advise ko lang kung naloko kayo ng pplic nayan. ipacancel nyo agad pwede nyo po sila tawagan then write a cancellation letter. ipaxerox nyo ang cancellation letter nyo kasama na ng mga documents then balik kayo sa branch ng pinagkuhanan nyo ng policy. ipacancel nyo po sabihin nyo sa kanila dapat stick to your decision na ipacancel kasi lahat ng paraan gagawin nila kesyo tatakutin kayo para lang di macancel yung policy nyo. ibabalik nyo sa kanila yung mga original na documents nyo. note sa lahat dapat may copy kayo lalo na resibo or anything na mangagaling sa kanila hindi pwedeng sila lang ang may copy.
September 20th, 2011 at 08:44
pag na cancel na bibigyan nila kayo ng SOA nakalagay cancelled from inception.pwede nyong sabihin sa kanila na i rush ang pag release ng money nyo kasi yung sakin 2 weeks lang and marame po ang nakapag refund ng 2 weeks lang. basta ang importante sakop pa ng 15 day free look period yung policy nyo kasi pag lumagpas na mahirap na lalo na pag nakapagbayad na kayo tapos gusto nyo ipacancel sa lawyer or sa insurance commission na kayo hihingi ng tulong which is mahirap kasi hindi naman maasikaso agad ng IC and mas hassle pa so ipacancel nyo na po agad
September 20th, 2011 at 08:45
read nyo po yung blog ni arpee lazaro regarding pplic marame po kayong mababasa dun at matutulungan kayo. like nyo rin po sa facebook yung anti pplic. thanks
September 20th, 2011 at 17:45
grabe po tlga jan sa pplic. i applied in there company before but after few days of training, dko na po tinuloy. hindi po kasi makaya ng konsensya ang manloko ng mga tao. i wonder panu tumatagal ung mga agents nla jan.. ang trabaho ko dpat jan eh mgtatawag, ssbihin namin sa mga customers that they have some rewards for being a patronizer of master/visa card.. the first day plang ng trainig ko, ngtataka na aq.. kc kpag npapayag nla ung taong tinawagan nla na pmunta sa ofis nla to claim their rewards, dpat dw may dalang any bankcard.. for proof daw that they are really patronizers! pero hindi kasi aq ganun ka-tanga pra hndi mlaman ang modus nla. after that, hndi na ako bumalik sa ofis nla..
October 23rd, 2011 at 01:17
last sept ive been a victim of pplic… pinapacancel ko n ung insurance n kinuha ko kaso ayaw nila… ang dami ng kumausap skin n wg ko icancel, paulitulit mga tanung nila at mga sinasabi… sa SM Las Pinas ung branch nila… dapat s mga yan tinatanggal sa sa mga malls…
November 21st, 2011 at 10:02
@ michael,
i was a victim too,SM southmall las pinas… so di mo na nacancel yung sayo?
November 29th, 2011 at 11:07
as with you, I really had no plans for the day and I wanted to kill some time. The agents kept telling me on the way to their main office that I had no obligation whatsoever to purchase anything… but after their “45 minute” presentation, the agent doing the presentation was basically harassing me into purchasing a plan.
Their “45 minute” presentation dragged on for almost 2 hours, most of which was spent telling the agent that I wasn’t about to shell out a huge sum of money on the spot without thinking about it first. When I said that, they tried to trick me into signing a waiver that would allow my them to autodebit from my accounts, saying it was just a permission form if the bank would allow me to use autodebit. When that didn’t work, the agent tried telling me sob story after sob story. I was even called kuripot and I was missing out on my dreams and that I had no reason why I should take time to think about this as it was a good opportunity. Then the agent resorted to begging me to purchase a plan. By then, I was already really irritable and pissed off by this point since by then I could no longer see their point in this “investment for my future” when I wasn’t even being given a chance to think about it. I don’t know about others, pero medyo nabastos ako.
Well, good luck with your investment. I hope you get your money. As for me, that was 2 hours wasted.
December 6th, 2011 at 11:12
@Mel.. whoa two hours is a long time! grabe.. I can imagine how annoying that must have been for you. I’m curious how their trainings are done. Sobra naman mga agents nila, wily, rude and intrusive. If they are confident about their product, they really don’t have to shove it off to anyone’s face diba.. I think what they’re doing is way beyond the limit. About my investment, as expected, they didn’t want me to cancel. They called in to say that I can claim a freebie, i think as a way to retain their clients. If in the future, they will prove their product to be true, well and good. I’ve actually given up on even getting my money back at this point.
December 20th, 2011 at 14:52
hi, im planning to cancel mine. i got it yesterday and bala ko pumunta bukas, pero kinakabahan talaga ako, gusto ko talaga sya mapacancel. any tipos po sana?
January 16th, 2012 at 23:52
Is the thread still active? mukhang mas marami pa ang naloko and i think hindi ako yung latest… what’s the best remedy since past 30 days ko nang na-avail yung endowment plan? mukhang wala rin yatang mare-refund eh. any help is very much appreciated. thanks!
January 25th, 2012 at 11:52
Hi Mint, Yan,
Nope, I wasn’t able to cancel mine anymore. I think the product is not fake.. the funds is really there. It’s their marketing strategy and retention schemes that’s bothering me. And because of the attitude they show towards people who wanted to get their money back, I’m starting to doubt the company’s stability and how quick will they be to help kung talagang kailangan na ng client nila. I called them over the phone to ask about the process of cancellation. I felt na ayaw talaga nila ipa-cancel and the agent I talked to spun her words too many a times so I thought it was not worth my while. If you’re past 30 days from getting the plan, I’m afraid it will be difficult na to get any refund.
Totally not recommending PPLIC to anyone!
March 2nd, 2012 at 02:08
I purchased a plan on wed feb29 and i’m planning to cancel it. Pwde po ba?huhuh
March 5th, 2012 at 20:15
I just got a text msg from a certain Kenneth Gerebise from PPLIC. I need to call them daw on how to claim the reward. And so I did. I was told to go to their office during my free time and I need to bring a company id, government and bank ID. Good thing nakita ko tong mga comments coz im really hesitant na pumunta sa office nila.
March 6th, 2012 at 09:32
Hi, I got scammed just last March 3, Saturday.. My boyfriend and I don’t have any specific place in mind so we were just strolling in the mall. In short, some gay guy invited us for a 45 minute talk of their product. He said that even if we did not buy anything, he will still get his incentive or commission. Happy that we will somehow help this guy, we went along with the talk. It was only me inside their office and my boyfriend was left outside. I was there for near 2 hours and my bf was getting bored so he was really shouting at all the people there. They were even offering him drinks to cool him down. He called me and I was really hurrying out to get out. Their agent just told me to write my beneficiaries in a piece of paper and asked for my credit card. I felt that he took advantage of the event since my bf was really telling me to hurry up. BTW, we were there at 6:30pm til 9pm.. no dinner! So I just went along just to get out. And what’s more, they will even acknowledge you once you’ve signed so all the other visitors will be encouraged to get their plan. I hate them! good thing my bf went nuts when he learned that I signed. He went back in their office and asked for the cancellation. Sadly, this f*cking agent had me checked my beneficiaries as irrevocable so we still had to have a written letter from my parents. I haven’t got it cancelled yet though.. Sadly..
March 8th, 2012 at 16:11
I was a victim too before.. December of 2010, but luckily I got my money back after a month.. Same story as the others here. If you are really decided to cancel the policy then follow this steps:
1. Make sure you are still within the 15day period… luckily I saw this on the papers that they handed to me.. This can also be your prime reason to cancel.
2. Make sure you have someone to back you up.. The agents are persistent in convincing you not to cancel and will psych you up by saying “we didn’t force you to avail this product”.
3. Documentation – photocopy all the papers receipts that you have…
4. If they have not convinced you to cancel, they would probably hand you a piece of paper for you to write a cancellation letter… Mind you it took them at least 30 minutes to ask their head to sign this letter too..
5. Then wait for at least a month for your money to be returned.
During our conversation, I told them that they really have a deceptive marketing strategy. The reason they gave you when their agents approached you outside their office is not the same. Once you willfully go with them inside, the “policy seminar” will turn into a transaction which is totally bogus.
March 10th, 2012 at 12:53
Last January, 2012, was walking around in SM mall, Cebu City with my wife and kid when this gay approached us., but didnt talk to my wife, so me being the foreigner he came to me, as always, me again being polite, i stopped and listened, he started asking about my financial records(credit card info, ATM, etc)., my wife’s face was already turning red, she walked away and started txting and calling my phone telling me to walk away its bogus, she already encountered it., i didnt wanna be rude to walk away so i jus filled up the form the guy gave me with totally wrong infos and walked away.
About 10mins ago she received a txt msg from one KAREN telling ha to go to main office to Cebu business Office, without even stating whr, to claim a freebie., and asking to bring along an ATM card, company ID, etc., why do one need an ATM or CREDIT card to claim a freebie.., she told me the name of the company, i jus typed it in google and saw this post., their keyword how they get people is “FREEBIE”., people love free stuffs(well who doesnt) but gotta be rational., what ever free stuffs they are giving., is it compared to the 25000p they’ll get from you., and besides according to all the comments most of u went for a freebie but did u go home with it? I guess not., instead they rip you off.., There are lot of big companies with good reputation ripping off the little people have and thr are still thousands of people falling for it jus ‘cus they offer you something free.
March 15th, 2012 at 08:10
hi po. possible p po ba n marefund ko ang money sa PPLIC? nakakuha po ako nian march 8, 2012. so after nun. pina cancel ko din nung araw n yun. so pano ko marefund ang money, meron nmn ako cancelation letter at statement of account. . plz help po. ty.
March 20th, 2012 at 13:43
helo po..scam pala talaga ang pplic noh dahil sa dami ng nagcoment dto.. just warlier today march 20,2012 around 12noon.may tumawag sakin feom pplix telling me nnalo daw ako ng freebiz and i can claim it na.i said ues nna kknunin ko yong reward thenext day.buti nalang chineck ko muna sa net bgo aq pupmunta..
March 26th, 2012 at 19:31
Knkabahn na tuloy ako after reading all this comments it was in sm pampanga and a gay guy asked me to sign a raffle ticket I indicated my number my full name and the bank w/c I have a credit card on.
Pero I did not show my credit card when they asked me too Kasi nga sa takot na bka scam lng xia, IT was! Then he also asked if it was mastercard or visa I didnt answer also kung alin sa dalawa but on the raffle ticket my adress nd name kinakbhan tuloi ako na bka one day mnkawan kmi dhil nga I did a stupid mistake to sign up for this scam. Please help:(
March 26th, 2012 at 19:35
PPLIC is a scam mukha lang talaga PERA ang SM Henry Sy for letting this kind of panloloko to the public dahil LNG good payer sila ng rent pls ingat sa gnitong SCAM!!!!
March 29th, 2012 at 23:46
I get the point na kelangan nila bumenta sa hirap ng buhay. pro naknamputa ang employees ng PPLIC na YAN!! talo nio pa mga criminal!- -ikukulong ka sa office nila at pipilitin kang kumuha ng insurance. at magsasama sama sila para pagtulungan ka na kumuha ng insurance talaga. Ubod ng tarantado walang konsesnya. MATAKOT sana ang mga workers na ito. Sana may mapikon sa mga gawain nila at pagbugbugin nalang sila kung san man sila makita, sobrang nakakapikon ang gawain nila,
March 30th, 2012 at 22:56
t0t0o po b lahat t0? I just currently pass the exam at fnal intrview of PPLIC ksi i nid w0rk tlga, kaya nag try ako. Pero kung ganito pala sa c0mpany n un. Hndi na ako aatend sa training nila! Nag aksaya lng aq ng pamasahe at pera sa pagpapabalik2 s training nla kun0! I will never w0rk n a c0mpany lyk diz!
April 10th, 2012 at 10:57
If anyone’s interested to support my complain at I.C. I am planning to go there to file a complain about Philippine Prudential Life. Please email me at [email protected]
April 17th, 2012 at 08:49
me too, received a call from this PPLIC rewards and claims. Just to make sure that it is not a scam I searched at Google and found out this comments posted in this site about PPLIC. Thanks to this.
April 24th, 2012 at 09:24
i have the same experience last month i think. a woman called me up early in the morning told me that i am entitled for freebies and should collect them at their office. the woman appears to be lively and convincing, i was lured to say yes to their offer and commit myself to pick it up after office hours. i even told them my credit card number (stupid i know) but a few minutes of thinking i realize how could a company just give you an amount of P6,000 of gift vouchers and then I don’t have to pay anything but just claim it. and then they told me to present two valid id’s & my credit card. the woman didn’t mention about the 45-minute talk, maybe i would refuse if she did. so, the days went and i didn’t go there, the woman called me many times even on weekends and even sent me a text message that i should have reminded them that i cannot pick it up. and every time they called me from the office and asked me why, i just said i am too busy and every excuse i can think of. i was very skeptical at the woman’s behaviour that i bothered to asks my office mates and look up their website and here now reading at the comments, a moment ago, a man called me again from pplic, with the same eager voice, offered me the same thing and then i refused instantly. whew..
May 5th, 2012 at 22:37
hello…i am a member of PPLIC since for 2 yrs now..just read this blog..im so concerned on my plan right now after reading this..im a seaman by profession and most of the time got no link to net when at sea…
Any help would much appreciated..just in case id like to cancel my plan?
plssss…
tnxxxx..
June 18th, 2012 at 17:27
I was in CDO to attend a convention last month, to pass the time while waiting i walked along limketkai mall, then this agent came near me and ask if am interested to join their contest na wala cost to me whatsoever, i can win car or trip to macau, meron din freebies just listening to them, then ask niya ko if am interested to hear a presentation for only 45 minutes dahil bago lang business nila and they want to introduce themselves, so since may freebies na ko hawak en i don’t want to be rude eh sumama na ko sa office nila…to cut the story short lahat ng nangyari sa inyo from the looong talk that cost me 1 day from my convention up the time they tricked me to have my credit card swiped! sabi kasi ng ahente try lang to swipe my credit card if ma approve ako, next thing i know P49,350 came out of my credit card! then saka pa lang niya ko pinapirma ng authority to debit…tapos kinuhaan pa nila ako ng video to make sure na wala ako objections sa nangyari at naiintindihan ko lahat ng nangyari…anyway di ako natakot, all i did was ask the same agent if i want to cancel what will i do? nung una kung ano ano options ang inaalok sa akin, ayaw niya ako mag cancel even if i tell her na mabigat ang interest ng utang na yan to my credit card so finally when i told her to just tell me straight so i can get back to my normal life, sinabi niya rin na may 15 days na free lock period so i did not waist my time, after 4 days i went striaight to the nearest prudential life here in our province then explained to them what happened, so they assisted me right away and finally eto i called up prudential and i was told by their operator na the P49350 was already recredited back to my credit card just this june 14/2012…palagay ko may commission sila nakukuha on this from the card company or baka ginagamit nila ang pera for short term investments lang…baka pinag kakakitaan nila pera natin then sa uli din nila after we claim it back…kaya pa ulit ulit lang nila ginagawa at nakaka survive sila on this kind of a cycle…wag na kayo makipag talo just ask them nicely to assist you in claiming back your money at kaunting tigas lang this time! para mabawi niyo…
June 20th, 2012 at 17:57
kaya pala andito sila ngayon sa Gensan, CDO siguro sila galing
June 23rd, 2012 at 23:40
nakaka scam ba sila ng atm? kasi tinignan nila ung ATM ko tapos pinag check nila ako ng account..!
July 10th, 2012 at 16:26
Please see any investigative review from XXX.
http://www.himantayon-cagayan.info/2010/10/14/beware-of-the-vulture-agents-of-pplic-philippine-prudential-life-insurance-co-inc/
July 13th, 2012 at 09:41
it also happen to us, kahapon sa sm pampanga with my gf.. lage kc kmi knukulet nung baklang agent kya kht ayaw ng gf ko sbi ko cge na fill up lng nmn dw pra di n kmi kulitin everytime n nppdaan kmi s area nla.. i did n0t even know n may freebies and i felt n may mali ata, bkt mamimigay ng freebies w/o kapalit.. nghanap cla ng card frm us but we only show it to them.. worried nga ko s gf ko kc nilabas nya credit card nya so i stood near her to make sure na no one gets her card.. gusto ko nang mkaalis kmi kc npgbgyan na nmen cla na mfill up yung form nla but dey insist n mgplay ng slotmachine daw s opiz nla.. while walking, sbi ng baklang agent may 45mins nga daw n lecture, di nman tlg kmi interested dun and dat time nbbadtrip n ako.. somehow dey left wen my gf told them n naaasar nko.. they wasted our 20mins for that bullsheets, and para sa akin isang panloloko ung gngawa nla lalo n ng mbasa ko d2 ung xperience ng iba.. and sana mapa’imbestigador ito or something pra mlaman ng iba pa.. sana may government office din na mhagilap pra mkapag’complain about their scheme..
July 27th, 2012 at 17:37
i got a call from ppic kanina lang ngfillout ako last week s sm nun form, medyo ngduda ko dahil pinapadala pa atm. nresearch ko agad s net buti nlang nakita ko thread n to, proof n they are scam..grrrrr……
August 6th, 2012 at 08:21
523.8461 to 70
locals 103 and 127
404.1758 — guys, this is the number of Insurance Commission —- magfile na po kayo ng complain to stop this deceptive tactics by that company
August 14th, 2012 at 09:20
hello po…i am only 19 yrs old and two days before nag-invest po ako dito…I realized then after investing a big amount from my debit card, isang malaking pagkakamali…anyone na makatulong po sana sakin to cancel my application? please po…yung sa mga nakapagpacancel na po ano po ginwa, mga kailangan, at nakuha p po b ung nainvest?
August 15th, 2012 at 09:16
grabe cla..gnyang ganyan dn ginawa nila sakin last saturday…sabi nila 45 mins lng pero inabot ako dun almost 11pm…di ko dw kelangan bumili kasi ang main purpose lng naman nila eh makilala company nila but at time passes by pinipilit na ko ng agent na itry if papayag c bank na mgcharge sa card ko grabe talaga cla…pati pagkakaron ko ng baby ginamit nila as tactic..pupunta na talaga ako naun to cancel…pumunta kasi ako nung monday theyn ayaw talaga nila pumayag na icancel ko…kesyo itry ko dw muna other alternatives sa problem ko….irerefund ko na talaga to…salamat sa inyo…
August 24th, 2012 at 10:13
I got a text from PPLIC for me to claim 5 gift certificates at the 22/F Raffles Center Emerald Ave. Ortigas Center Pasig City.
how does the scam operate? and why aren’t the authorities doing anything about this?
September 1st, 2012 at 17:40
somebody texted me about the free life insurance and a scholarship grant this is from Phil. Predential life nga. So I ask if this is really true? Ms. Malou is the name. Nakakapagtaka lng na pinagpipilitan nyang totoo ito the fact na marami ng nag popost ng comments that this is a scam! I warned her to stop fooling people kawawa nman ang mga maniniwala!
September 16th, 2012 at 15:03
SCAM? has any of you know the exact meaning of SCAM? I guess none! why? Think of it clearly if PPLIC a scam then I guess they have been closed before this thread have started because the Insurance Commission will not tolerate a company working under in a SCAM. Let me enlighten every one here `most specially the one who claims to be a former employee of PPLIC, any company who runs a scam business could not be in an upfront public like SM Malls because they can be caught and put to jail anytime. At the same time why is that this people who claimed that they have been scammed didn’t go to the authorities and file a case instead? why? Because the basis of their complaint is not valid for you to say that the company is SCAM and force us to buy their product. We may all know that we have signed those documents and nobody could force us nonetheless we are being hold up right? I agree I was convince to sign and neither I doesn’t want their marketing strategies, But when you go to Insurance Commission you will this company is legitimate and not scam. There might be some employees who go beyond the companies standard operating procedures but believe me everything they do is legal because if not they are already gone by now. The companies marketing strategies is far more non traditional like we used to know. Insurance company is different from Pre-Need company you should know that Insurance are under Insurance Commission and Pre-Need is under Security Exchange Commission (SEC). Prudentialife Plans is different from Philippine Prudential Life Insurance Company. Prudentialife Plans is a Pre-Need company while PPLIC is an insurance.
September 16th, 2012 at 15:18
Para sa mga gustong magpacancel ng kanilang mga policy you need to think what is your reason for cancelling the plan? If your reason is because of the negative feedback you just read all over the net then I guess you’re doing it wrong read this link first http://wiki.answers.com/Q/Philippine_prudential_life_scam_or_not
Para dun sa mga nagtatanong kung san nila dinadala ang pera ninyo, simple lang yan. Just like other insurance company like Philam Life or Sunlife, they put your money in an investment but not all of it because they need reissue your policy to make sure they could any claimant meaning it’s a security for every insurance company para mabayaran nila kayo. You should know how insurance company works they just don’t get your money to insured you they are also tied up with some big investors in our country. Para sa mga hindi nakakaalam wala pang nagsarang insurance sa Pilipinas.
Ang CAP ay hindi insurance isa itong PRE-NEED at malaki ang pinagkakaiba ng Insurance sa PRE-NEED kaya sa mga taong nagsasabi na madami ng nagsarang Insurance, nagkakamali po tayo. Alamin nyo muna kung insurance nga ba ang company nyo o baka naman PRE-NEED yan at sinasabi mong madami ng insurance na nagsara. MALI! wala pang nagsasarang insurance dahil naka registor yan sa Insurance Commission ats hindi sa SEC
October 10th, 2012 at 21:05
this write up is really alarming..but after reading this i am being more careful in pursuing my employment process with their company..i am undergoing my final day of a 3-day company orientation and training with PPLIC
October 15th, 2012 at 16:34
Having read all the comments here, I am convinced that PPLIC is a big SCAMMED! I was at Limketkai Mall last Thursday, Oct 11, 2012. As usual, a certain guy called me up, gave me freebies and escorted me to their Office. I was told to attend a 45-minute company orientation. The one who conducted orientation introduced herself as MS. SARIO from Malaybalay City. She told me lots of things, mentioned several names from my place, which has added more colours to what her saying, probably making me think they are “real”. Reaching the point of showing credit cards, Ms. Sario has been so insistent of having me sign the cc debit form. She seems rushing all things to make things done. During our conversation, my boss called me up and I want to stop the deal, but still her persistence seems unstoppable. I started wondering and she brought me to the in-charge to check my available credit card funds and declared the amount is not sufficient. I told them I will not pursue it, but still they gave me another option to lower down the amount as available. That very moment, I insisted to stop the transaction. They are still convincing me to take the option but I refused and leave their office. Personally, I am looking for ways to meet the relatives of MS. SARIO in my home place probably verify things. How sad it is to note that there are people who takes advantage of and they are being blinded of their own actions, thus, affecting peoples lives. LET US BE KEPT WARNED!
October 21st, 2012 at 09:45
shit hole!! they just call me yesterday …..saying that i win in a raffle draw..Autohan bilangan ..thinks for a substantial information……this day sucks….no i know …..buti na lng nag search muna ako ..hahahaha damned shit..
October 21st, 2012 at 09:46
shit hole!! they just call me yesterday …..saying that i win in a raffle draw..Autohan bilangan ..thanks for a very substantial information……this day sucks….now know …..buti na lng nag search muna ako ..hahahaha damned shit..
October 26th, 2012 at 20:42
Grabe, scam pla tlga cla ang galing nilang manloko ng tao… yesterday na scam yta aq, they said 45 minutes na pagpapakilala sa company then turned into almost 2 hours, grbe nakikita na nga ng agent na ayoko at hindi aq pumapayag hindi tlga aq tinigilan unless magbigay ng pera sakanila wala silang awa last money sa ATM q tlgang pinilit pang kunin. Then kanina pumunta aq because I want my money back they said na it will take 30-45 days… totoo po kaya yun ? makukuha ko pa po kya yung pera q kung mag aantay aq ng 30-45 days?
October 29th, 2012 at 02:13
45 mins will alwasy be 2 hours sa kanila!! Di ka kasi titigilan kahit ayaw mo talaga!! such a waste of time. Mga sinungaling agents nila!! Why is this company and their practices still existing. Sino ba kapit nitong mga to?
December 13th, 2012 at 05:41
Yup! The “45 minute” session lasted 2 hours for me too. Only because I decided not to make a quick decision in giving them my money. They even asked me how much fund is in my bank account (WTF!). I was trying to be so polite that I just kept saying “no”. Totoo, sobrang kulit and they will really not stop hanggang mapaoo ka so prinangka ko na sila. Sabi ko “let me go and stop wasting my valuable time. Do yourself a favor, ipahinga mo na yung utak at bibig mo dahil di mo ako mapapaoo”. I can’t forget the mortified look on that woman’s face. Ginustu nya yan eh. That was last Sept 2012, now…some guy texted me and asked me to get a freebie in their office. PPLIC daw 2 words…NO WAY! They said to me before that I cannot go back to that one opportunity they’re offering if i’ll go walking out their door (who cares) tapos ngayun mag tetext sila? I believe in their product but not the way they market it. But who knows, when the time comes na wala nang magtiwala sa kanila dahil sa ginagawa nila, baka matulad din sila sa ibang pre-need company na nagsara dahil sa pag backout ng mga clients.
December 24th, 2012 at 05:15
Guys, don’t panic… Talagang nakakabwisit lang ang marketing strategies ng ibang insurance companies. Katulad nga ng sisisabi nyong kompanya. But it doesn’t mean na scam ang mga insurance. O walang kwenta ang mga ito. I myself is maintaining several insurance policies from various insurance companies. I am happy about it. Take note: INSURANCE and not pre-need or alike. First insurance nowadays evolved already into something advance and sophisticated that it can address income protection need, savings need, retirement need, education need, medical need, wealth accumulation or even wealth preservation. Pang ESTATE PLANNING ika nga. Mind you, these things are far more better than BANK products when it comes to RETURNS (KITA) and value. Insurance products are also much safer that BANKS. Though you have to assess your goals. Kasi kung short term lang ang financial goals mo, ilagay mo nlang ang pera mo sa banko at kikita ka ng napakaliit na interest. Kung long term naman mas maganda ilagay ang pera sa insurance dahil kikita ito ng di hamak nag mas malaki yun nga lang hindi sya liquid(pwedeng gastoson anytime; kapag emergencies lang through what we call policy loan or cash surrender). Kaya ito tinawag na disciplined savings. You are forced to save for your long term needs pero kapag may nangyari sayo along the way while saving, you don’t have to worry kasi your family won’t be left empty handed at all. if you survive, then you celebrate a feast to enjoy your benefits. Second, bank only insures 500k of your aggregate savings through PDIC. kahit 5 pa nag bank accounts mo at 10 million ang pera mo sa iisang bank kapag na bankrupt, 500k lang ang isosoli sayo. pero sa insurance walang lugi. whatever amount you place it is secured not by the insurance company but by the INSURANCE COMMISSION which is under the umbrella of the Department of Finance. Ibig sabihin let us say may Sum Insured ka na 1 million. Hindi ka pa nag keclaim binayaran na ng insurance company mo yun sa INSURANCE COMMISSION at ang tawag dun ay RESERVES. INSURANCE COMMISSION ay governing body ng lahat na legitimate at credible na insurance company sa Pilipinas. Siguraduhin mo lang na ang company na napili mo ay kabilang dito. Third, pag dating sa investments may mga insurance companies din na kayang mag-offer ng guaranteed capital protection; pwede ka pang pumili kung saan mo ilalagay yung pera mo: sa stock market ba or sa bonds… depende sa risk preference mo. kung kuripot ka eh di sa mas safe… government bonds. kung aggressive investor ka; sa stocks or combination kung moderate ka lang. Ang maganda dito the worst that can happen during market crash ay ibalik ang capital mo. not bad… well pag dating naman sa estate planning, alam nyo ba na when you passed away, lahat ng asset mo ay naka freeze at hindi pwedeng galawin ng kahit sinong pamilya mo. BIR would only give you six months to pay your ESTATE TAX na more or less 20% ng total assets mo bago maenjoy ng pamilya mo yung mga naiwan mo…. san ka kukuha nun? eh pati bank accounts mo na ka freeze din… pero may paraan. Insurance lang hindi kayang i-freeze ng BIR kasi it is not considered as an income but a death benefit. kaya yung proceeds na makukuha can be used to pay estate tax so your family would enjoy the assests. kasi kapag di nabayaran ang estate tax. confiscated na yan ng government at di na mababawi ng family mo. Buti nalang may insurance. Fourth, Ang insurance, commission ay may solvency act. Ibig sabihin WALANG NALULUGING INSURANCE COMPANY, nagmemerge meron. Lalo na kung hindi na kayang tugunan ng isang insurance company ang requirements ng INSURANCE COMMISSION, iaabsorb ito ng mas malaking insurance company kasama lahat ng empleyado nito at existing clients. so logically, walang nagsasara. Nagmemerge lang… In fact, I can challenge kung kaya nyo ba magbigay ng kahit isang INSURANCE COMAPANY na nagsara? wla diba? for more than a hundred years na may insurance (LIFE INSURANCE) company dito sa PILIPINAS wala pang nabankrupt or nagsara ni isa… Kaya walang dapat katakutan. kaya tayo natatakot kasi hindi natin alam kong ano ang pinapasok natin. kaya dapat alamin nating kung ano ba nag financial circumstances natin bago tayo pumirma ng contrata. lahat naman ng insurance maganda. ang tanong lang, tama ba yung napili mo para sayo? kung napilit ka lang… magdalawang isip ka. kasi kailangan ng mabuting desisyon. galit din ako sa mga marketing style na ganun. na kakainis talaga but not in life insurance. Ika nga. There is nothing more CERTAIN than life insurance… Kasi ng guaranteed. Kung Traditional life insurance. Kung Variable insurance ibang usapan naman yan. I hope nakatulong ako kahit papano. Yung mga nakakuha na… sad to say… kung Traditional insurance yan or endowment hindi na yan refundable…. lalo na in first 3 to 5 years… imentain nyo nalang. malaking tulong yan pagdating ng panahon…
April 9th, 2013 at 19:00
just yesterday I received a tx msg from pplic that anytime I can claim my freebies but before I get on it I research and now I found out it was a scam..many had victim and I don’t want to be belong.. thank you guys..
April 16th, 2013 at 17:56
PPLIC NOTICE Good day!
TO: (name of referral)
THIS is REY SEMBRANO from Phil Prudential Life claiming area.
You are entitled of Exclusive rewards & Privileges all for FREE. All you need to do is Claim and validate it on (date) @ 22nd floor raffles bldg. Emerald Avenue Oritigas Center Pasig City. For claiming CODE, you may call our office from 9:00 am to 7:00 pm at 914-0359 or 914-0285 upon receipt of this message. Many thanks and God Bless! (DISREGARD IF CLAIMED)
- I have received that text message and they called me too. They congratulated me that I won a scholarship for a 4 year course IT. Too bad for them, I have wisen up. I asked them, how come I won. They told me I was a referral. A REFERRAL.. could you believe that? You won just because you were a referral?? Course not. Do they think all people would buy that shit? Just because they say you WON with their encouraging word FREE, everybody would buy their shit. ‘Course not! I would never go to their place. That scholarship thing was hoax. They would eventually tell you that you would get this scholarship with the big IF you would apply the given insurance policy. In the end, you really didn’t won, the scholarship thingy was just bait so that they could sell you their policies. Sorry for them, most people nowadays are wiser. I wish shittiness in life for them because they know what they are doing. They are deceiving people just to use their money for investment. They have financial knowledge where it was best to invest but instead of sharing it, they use it to get bigger pockets. In the end, the policy holders would only get only a fraction of what could the money have earned. The value of peso decreases as inflation increases. In 15 years endowment, you would just get the same amount of money as in your initial investment. Why is that? Because the value of money decreases. Kung an candy dati ay piso ngayon dos na. Bumababa ang halaga ng piso so kung ang investment mo man ngayon ay 32678php at lagi k man naghuhulog sa knila ng 1016 for 7 years tapos lilipas ang 8 years ang pera mo ay magiging 130 000. In that 130000, your total investment is 118022 so ang kinita ng pera mo lang ay 11978 for 15 years. Nakakaloko diba? Samantalang sila naman ay ininvest ang pera mo sa stock market. Sa isang taon ang maaaring maging increase ng iyong pera ay higit sa 10000. Napakalaking halaga ng 10000*15years = 150000 kumpara sa 11978 na kikitain mo. Ang pinagkaiba lamang ay sapat na kaalaman sa investment. Those PPLIC people would only use your money. They would not tell you how to manage your money well. They would manage it for you and for the profit 3/4 to them, 1/4 to you. And yung 1/4 na un.. after 15 years mo pa makukuha at sa pagtaas ng inflation rate (pagtaas ng bilihin) ang mabibili mo dati sa 118022 mo na investment ay kaparehas lamang sa dami ng mabibili mo sa 130 000 sa madaling salita.. Nde talga ito investment.. kundi pagiimpok lamang.. Kung sa stocks mo inilaan ang pera.. yun ang investment. Masasama ang mga taong ito sapagkat niloloko nila ang mga tao sa kanilang mga pananalita. Bobolahin ka nila hanggang sa ikaw na ang bumubola sa sarili mo na tama ang ginagawa mo. Kung totoong gusto ka nilang tulungan dapat turuan ka nila ng tamang investment at hindi lang para palakihin yung mga bulsa nila. Don’t worry guys.. yumaman man sila dahil sa pambobola at fraudulent actions nila.. mapupunta naman silang hell..
April 19th, 2013 at 18:02
na experience ko din ito, umabot ng 2 hours yung usapan namin kasi hindi nila ako napakuha. Sabi ko ay pag-isipan ko muna pero pinipilit pa rin nila ako kayat umabot ng 2 oras pero hindi pa rin ako kumuha kahit 2k na lang daw ang babayaran ko