December 22, 2021

DivinaLaw is proud to have acted as CIMB Bank’s legal counsel in its first bancassurance partnership in the Philippines.

CIMB is a Malaysian-headquartered bank known to be at the forefront of the digitalization of banking services to make banking easier and more accessible to Filipinos. Through its partnership with PRU Life UK, one of the country’s leading insurance companies, CIMB’s products will be made available on Pulse, an all-in-one app that offers holistic health and wealth management solutions, by Pru Life UK to its members. These products include CIMB Savings and its newly-launched REVI Credit – a unique, on-demand, digital credit line which will also function as a Buy Now Pay Later product. The partnership will also allow Pru Life UK to provide CIMB’s customers with easy access to life insurance products through CIMB’s app.

DivinaLaw team members who handled the deal was led by Managing Partner Nilo T. Divina and Senior Partner Danny E. Bunyi. They were assisted by Senior Associates Ciselie Marie T. Gamo-Sisayan and Nasha Jemimah R. Reyes, and Associates Mary Zoelli R. Velasco and Timothy Francis T. Yee.