Pre-need firm Danvil pays out P1.62B in claims amid closure

MANILA, Philippines — Pre-need firm Danvil Plans Inc. has paid out more than P1.62 billion in claims to over 17,000 planholders following the formal closure of its liquidation proceedings last March. According to the Insurance Commission (IC), Danvil has released P1.62 billion covering 17,274 claims during the liquidation process, as well as 15 additional claims