Pru Life UK President and Chief Executive Officer Sanjay Chakrabarty
Sanjay Chakrabarty, President and Chief Executive Officer of Pru Life UK, emphasized the need for inclusive and values-driven protection solutions to help address the country’s protection gap at the Asian Banking & Finance and Insurance Asia Summit.
Chakrabarty noted that financial protection has evolved beyond being just a product, becoming a critical foundation for resilience. He added that insurers have both the opportunity and responsibility to make protection solutions accessible, relevant, and aligned with the needs and values of the communities they serve.
Speaking at the summit themed Financial Inclusion 2.0: Building Resilient and Intelligent Banking and Insurance Models, Chakrabarty highlighted how insurers can expand financial protection through innovative products, digital distribution, and data-driven insights. He also discussed how solutions such as Takaful and microinsurance can help extend protection to underserved communities.
The summit brought together senior leaders from across the banking and insurance sectors in Asia to exchange insights on strengthening financial resilience and expanding access to financial services.
Chakrabarty emphasised that in an environment marked by economic uncertainty and rising healthcare costs, accessible and relevant protection solutions play an increasingly important role in helping families manage financial risks and build long-term resilience.
He also highlighted the potential of Takaful, a Shari’ah compliant form of insurance based on mutual assistance and shared responsibility, in expanding protection access for Muslim Filipinos. Through initiatives such as PRUTerm Lindungi, Pru Life UK aims to provide culturally relevant protection solutions that resonate with the needs and values of diverse communities.
Connecting with industry stakeholders at the Asian Banking & Finance and Insurance Asia Summit, Pru Life UK showcased its protection and income solutions as the event’s sole life insurance company sponsor.
Pru Life UK joined the summit as the only life insurance company sponsor, setting up an on-site booth to present its protection and income solutions while connecting with industry stakeholders and attendees.
Through its range of protection offerings, financial literacy programs, and strategic partnerships, the company continues to advance financial inclusion and empower more Filipinos to achieve greater financial security and resilience.
Notes:
*New Business Annual Premium Equivalent (NBAPE) – premium for a new policy paid in a year
Please use “Pru Life UK” when referring to the company.
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