Number 1 Supplier Inc. (N1S), the Nestle distributor in Negros and Siquijor islands, partnered an alliance with Manulife, a globally renowned financial services provider. According to a press release, the partnership sets the stage for an employee protection program providing N1S employees comprehensive financial coverage through Manulife’s innovative insurance product.
Under the guidance of N1S President and CEO Manuel Parroco, the collaboration enhances N1S employee welfare and empowerment. Through this initiative, all eligible N1S employees will be covered by Manulife FutureBoost, a pioneering insurance and investment package that transcends traditional offerings.
Manulife FutureBoost is a testament to innovation and adaptability, reflecting N1S’s core values. This comprehensive savings plan for N1S employees focuses on a channel for a retirement fund which is coupled with life insurance provision. The alliance also strengthens the N1S commitment towards lifelong employee protection against unforeseen adversities.
Rahul Hora, President and CEO of Manulife Philippines, expressed his enthusiasm for this collaboration. “At Manulife, our mission is to pave pathways for our valued partners and clients to secure their dreams and aspirations. FutureBoost encapsulates this principle, offering a flexible and adaptable shield that empowers individuals and businesses alike. We remain dedicated to crafting tailored solutions that cater to diverse needs, ensuring that a financial plan is a tangible reality for all.”
In tandem with the official announcement of this pioneering partnership, a press conference was held in L ’Fisher Hotel Bacolod City on August 1.
“As the CEO of N1S, I am very glad to start this transformative journey alongside Manulife,” remarked Manuel Parroco. “The alignment of our values and goals has culminated in FutureBoost, an embodiment of our shared commitment to our employees’ welfare and sustained business growth. With firm dedication, we shall empower our employees to secure their families’ futures through a built-up financial program, leading to their retirement years.”
Parroco affirmed that the entirety of this financial package would be provided solely by N1S, without any contribution required from employees. This unprecedented commitment underscores N1S’s proactive approach to safeguarding its workforce, setting a new benchmark for responsible corporate practices.*
