Sun Life Grepa Financial is a joint venture company between the partnership of the Yuchengco Group of Companies and Sun Life Financial Philippines. The joint venture agreement was signed on October 24, 2011. Nonetheless, Sun Life Grepa Financial operates independently from Sun Life Financial Philippines.
Originally, the company was known as Grepa Life and was established in 1954 as the flagship life insurance firm of the Yuchengco Group of Companies.
The Yuchengco Group is one of Southeast Asia’s largest conglomerates with over 90 companies spanning diverse business interests in banking, insurance, automotive dealership, construction and engineering, education, travel services, information technology, arts and culture, and marketing services.
Sun Life Grepa Financial offers medical insurance to companies through its comprehensive group life insurance product. Companies can choose either to access their benefits through the network of its third party provider or through reimbursement.