Paramount traces its roots back to May 1950 when it formally started its non-life insurance business as the Paramount Insurance and Surety Corporation. In a few short years, the Company successfully established a strong market presence in the small to medium retail business segment. Guided by an experienced management team and highly professional staff, Paramount became quickly known as the Bayad Agad ® company for its business practice of quick claims settlement.
In 2005, Paramount acquired the Manila Bankers Life Insurance Corporation’s individual life insurance portfolio. The Company’s gross premiums written increased to Php750 million and consolidated Assets totalling over Php2 billion.
With over 70 branches and extension offices, Paramount has one of the most extensive nationwide sales and marketing network in the Philippine insurance industry today.
Bayad Agad ® or “prompt settlement of claims” is a Registered Service Mark of the Paramount Insurance Companies.
Service Is Our Policy ® is a Registered Service Mark of the Paramount Insurance Companies.
Paramount's Suretyship and Bonds provide indemnity to a third party (called the Obligee) against loss up to a specified amount, resulting from the failure of an individual (called the Principal) to perform his obligation under a contract. Some types of bonds underwritten by Paramount include Performance Bond, Replevin Bond, Guaranty Payment Bond and Brokers’ Blanket Bond.
Paramount’s Performance Bond is designed to guarantee the construction and completion of a project in accordance with the approved plans and terms of conditions of the contract. It may also guarantee the principal’s obligations to furnish and deliver supplies, materials and other commodities to another party.
The Paramount Replevin Bond indemnifies your claim to title. It provides indemnity to the person from whose custody the property was taken for such damages as he may sustain.
Paramount’s Guaranty Payment Bond guarantees the payment of money in accordance with the law or contract.
The Paramount Brokers’ Blanket Bond covers brokers’ professional liability against loss from claims against the insured for alleged negligent acts, errors or omissions committed in the originating, financing, closing, selling or servicing of mortgage loans on real estate or the rendering of advice for the above.
CONTACT DHANG CARAAN
Tel. Nos. 8056834 / 639065068118