TLB Honoured By Industry Peers At Benchmark

January 18, 2022

Transamerica Life [Bermuda] Ltd [TLB] recently won the Outstanding Responsible Insurer award and Best-in-Class – Universal Life Product award at the Benchmark Wealth Management Awards 2021 in Hong Kong.

A spokesperson said, “Transamerica Life [Bermuda] Ltd. [TLB], a leading high net worth life insurance provider, once again received industry recognition by winning the Outstanding Responsible Insurer award and Best-in-Class – Universal Life Product award for our Universal Life Alpha [ULA] Pro & Pro Century products at the 12th Benchmark Wealth Management Awards 2021 in Hong Kong.

“This is the fourth time that TLB was recognised by Benchmark and it was TLB’s first time winning in the Outstanding Responsible Insurer category. With its singular focus on serving high net worth and ultra high net worth customers, TLB has extensive experience in handling large sums assured and complex cases to support legacy and business planning for its customers.

“The Outstanding Responsible Insurer award recognises TLB’s efforts and strong commitment in building a sustainable, socially responsible company. TLB aims to make a positive impact in its community and the environment so as to create lasting value for its customers and business partners.

“In the universal life product category, TLB was awarded Best-In-Class. ULA Pro and Pro Century were launched in April last year and were based on TLB’s award-winning Universal Life Alpha Private Series product. ULA Pro and Pro Century were refreshed for today’s market environment, offering a suite of improvements to meet broader customer needs. The new enhanced plans provide a unique combination of permanent life insurance coverage, cash value growth potential, and inherent design flexibilities that high net worth individuals’ desire.”

Chirag Rathod, CEO of TLB, said, “We are very excited to win in these two honorable categories at the Benchmark Wealth Management Awards this year. Our drive to really understand the unique challenges that our high net worth customers face and provide them with tailored, innovative financial solutions is part of our purpose of helping customers achieve a lifetime of financial security and peace of mind. We remain committed to providing premium service and finding ways to add more value to our customers and business partners.”

Elsa Pau, the Group CEO of WealthAsia Media, the organiser for Benchmark, said, “While Hong Kong may be experiencing its most challenging times in history and insurance is no doubt one of the hardest-hit sectors, companies are finding excuses not to uphold disciplines for investor protection. Our winners, on the other hand, went miles ahead and did more for their customers.”

The spokesperson said, “During these difficult times, we have not compromised our standards and quality to crown our winners by making sustainability a highly focused topic when assessing our candidates on responsible investing policies and responsibility to fulfill their protection promises.”

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