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. 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, 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 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. Not everything you read will serve you right. It’s important to be objective, observe, ask, and inquire and put all these things in consideration before finally deciding what to do.
To answer your question, Manila Bankers Life Insurance Corporation (MBLIFE) is NOT A SCAM. And it is doing its best to work better to serve people better.
Know more: http://mblife.com.ph
MBLife, ManilaBankersLifeInsurance, Insurance, Investment, Philippines, Manila Bankers Life Insurance
start to money saver ..hoping for a better future with you..
I heard Mb life to IMG corp and it really help me and y family to secure the future and have an investment side. Also so cheap pa ung premium 🙂
Aq c Fire Officer 2 Jonathan M Veyra Isa Rin akong license teacher nag avail dn AQ sa knila Ng 16860 pesos..ok nman cla mababait ung mga agent pati manager nila at bilang Isa sa kawani Ng gobyerno masasabi Kong at nagpapatunay AQ na legit ito..salamat Manila bankers..
Availed MB LIFe MOST 18 Insurance from IMG. Feels so secured whatever the future may be.
I was just looking for this info for some time. After 6 hours of continuous Googleing, at last I got it in your site. I wonder what’s the lack of Google strategy that don’t rank this type of informative sites in top of the list. Generally the top web sites are full of garbage.
Its like you read my mind! You appear to know
so much about this, like you wrote the book
in it or something. I think that you could do with
some pics to drive the message home a bit, but other than that, this is excellent blog.
A great read. I’ll definitely be back.
Hi. Bago lang po ako sa kompanyang ito at patuloy ko pang sinusuri, pero wala pa naman akong nakikitang problema rito.
Actually, maganda pa nga ang alok nila na habang nag-iipon ang isa ay insured na sya. Kung lahat lang ng bangko sa Pilipinas ay katulad nito, wala sanang gaanong naghihirap sa ating bansa.
Hi. Bago lang po ako sa kompanyang ito at patuloy ko pang sinusuri. Pero wala pa naman akong nakikitang problema rito.
Actually, maganda nga na habang nag-iipon ang isa, ay insured pa sya sa kompanyang sinalihan nya as a money-saver.
Hi, how to choose a plan, for 5 years how much is the monthly premium or contribution, can we pay online and can we open if we are OFW and still in overseas assignment? Is there any requirement like medical exam fitness, age limit? what if in the course of 5 years paying period god forbid the contributor suddenly pass away, is he/she automatically covers? Is there any co-guarantor?
Thank you.
First time ko s MB life mag upon secure po b? Thanks
I was really skeptical about this, but as I’ve done my research, what they are offering is promising. They also have all the proofs that they are legitimate. However, the complaints, I think, comes from the marketing approach. While what the agents and escorts are saying have lots of good points, it can easily be projected as “offensive”, “intimidating” or worse, “scammy” by people, since the agents make it as if you have to enroll in the policy on the spot. I have experienced it and I have to think about what happened for days. I just hope this “problem” of their strategy gets addressed. But as of now, I am choosing to trust what I’ve done, since I’ve already invested my share on it. I do hope they keep their promise. Money Saver is really promising for a 22 year old like me.
They provide fast and excellent service! Helped me and taught me how to invest correctly!
MBLife helped me realized that savings isn’t enough to have financial stability. MBLife helped me how to invest right! Thank you!
I’m in my late 20s and I’ve been with mblife since 2016. It’s a good start up for ensuring my future. It’s a good plan for insurance. Thanks mblife for enlightening me about insurances!
This is a registered insurance company under the Philippine insurance commission, so what’s all the commotion? I don’t really think that this is a scam, I’ve been a member since 2015 and maayos naman yung mga agents nila, even yung payment process. It’s good na you have a plan for your future, especially securing the future of your loved ones.
Manila Bankers offers a range of products where you could choose from. You just need to understand and really dive deep into knowing its benefits..
Totoong tumutulong ang manila bankers. yung iba lang ay di makaintindi. I am still trusting this company.
Masaya ako sa MBLIFE kasi tinuruan nila ako kung ano ang dapat kong gawin sa ipon ko
Mblife has taught me how to protect myself so that I can protect my family too. and That I am so Thankful. <3
Manila Bankers Life Insurance provides great group life insurance products.
They’re on the top 29 Paid-Up Capital of Life lnsurance Companies
I recommend MBLife. They helped us a lot. Thank you!
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.