Top Life Insurance Companies in the Philippines 2022
As further Filipinos comefinancially-wise in this ever- changing profitable geography, which life insurance companies are the top go-to’s for someone looking to get a life insurance?
And now that we’ve an overview of what life insurance is and its colorful types, let’s now have a look at the top insurance companies in the Philippines offering these products.
The list below is grounded on last time’s (as of December 31, 2020) submitted unaudited daily statistics for each insurance company
1 – Pru Life Insurance Corp. of U.K.
Pru Life InsuranceCorp. ofU.K. was innovated in 1848 and has headquarters across the world, with its main in London, UK.
They offer a wide range of retail fiscal products and services, and asset operation services in Asia, which has a strong presence in the Philippines.
Away from life insurance products, they also offer health and protection services and have partnered with a long list of banking institutions.
Sample Pru Life Insurance Quotes
Rates are for instructional purposes only and are subject to change
Away from furnishing the most affordable decorations in the request (for VUL programs), they also outgunned the list for NBAPE ( valued at P7, in 2020) – overweighing 30 other listed life insurance companies in the country.
Minimum Investment (Term Insurance) P750 per month
Sum Assured/ Death Benefit P1M depending on the age
Total and Endless Disability P100, – P500, depending on the age
Accidental Death and Disablement P100, – P500, depending on the age
Critical Illness P100, – P500, depending on the age
Minimum Investment (VUL) P1, per month
Sum Assured/ Death Benefit P1M depending on the age
Total and Endless Disability P200, – P500, depending on the age
Accidental Death and Disablement P200, – P500, depending on the age
Critical Illness P200, – P500, depending on age.
2 – Sun Life Of Canada
Innovated in 1895, Sun Life Of Canada (Philippines),Inc. is a attachment under Sun Life of Canada (Netherlands) and offers services a wide range of fiscal products Insurance, wealth, and asset operation
These include fiscal services for education, estate preservation, health protection, income durability, withdrawal, group life, and other insurance products.
Sun Life generated the most profit from the total decoration they charge on their programs (for both traditional and variable plans) in 2020 (at P39,)
But still, they remained the most profitable by having the loftiest net income out of all the listed insurance companies ( earning P8, last time).
All these solidify Sun Life’s capability to take care and grow your hard- earned plutocrat
3 – Philippine AXA Life Insurance, Corp
Their products range from educational, health, income protection, investments, and numerous others. The company is headquartered in Makati City.
?Why Choose Philippine AXA
Philippine AXA has been a steady player in the Insurance Commission’s top 10 lists over the once many times, earning (in 2020)
rank #3 in Total NBAPE – P4,805,192,239
rank #2 in Total Premium Income – P31,267,077,122
rank #5 in Net Income – P2,832,628,279
rank #3 in Assets – P141,500,316,009
rank #6 in Networth – P8,044,250,809
rank #8 in Paid-up Capital – P1,000,000,000
4 – FWD Life Insurance Corporation
FWD Life Insurance Corporation, also called FWD Insurance or FWD Life, is one of the swift- growing insurance enterprises in the Philippines. Launched in 2014, it has the loftiest paid-up capital among life insurance companies in the country. FWD Insurance allows its guests to manage their programs on their mobile bias through an app called Tapp
FWD Insurance has an array of life insurance and health insurance plans as well as life insurance with investment products.
Among its unique immolations are a life insurance plan that offers fiscal protection against terrorist acts and another bone with an investment element in US bone denotation.
Why Choose FWD Insurance?
Despite being fairly new in the Philippine request, FWD has been veritably aggressive in growing its client base over the once time.
FWD Insurance is still one of the top 3 life insurance companies to raise the utmost plutocrat from shareholders in exchange for shares of stocks ( entering P2.3 billion)
5 – Philippine American Life and General Insurance Company, Inc
Innovated in 1947, Philippine American Life and General Insurance Company,Inc. specializes in life insurance and investment products which include protection, health and accident, savings, education, and investment plans, as well as heartiness programs and fiscal plans
Their main services are located in Taguig.
Why Choose Philam Life?
Philam Life still has the loftiest networth at P78, (from 2019’s P87.7 billion) and have the most means (at P291.2 billion in 2020) out of all the listed life insurance companies in the Philippine
6 – Manulife Philippines
The Manufacturers Life Insurance Company Philippines, Inc or further popularly known then as Manulife, is a fiscal company that specializes in pension and education, investment, medical, hand security, commercial, pupil particular accident, credit life, and other insurance plans
7 – BDO Life Assce. Co., lnc. (Generali Pilipinas Life)
Firstly called Generali Pilipinas Holding Co.Inc., BDO UnibankInc. acquired the company in 2016 and is presently operating as a attachment of BDO Unibank,Inc
They offer a host of fiscal and investment services that range from insurance, health, education, and other fiscal services.
Why Choose BDO Life/ Generali Life?
Away from being run by one of the biggest banks/ pots in the country, they ’ve also had immense growth over the once time ( ranking within the top 10 on all crucial orders)
Total NBAPE (7th) – P2,261,607,566
Total Premium Income (8th) – P15,137,537,154
Networth (8th) – P5,275,716,399
Assets (8th) – P68,467,307,840
Paid-Up Capital (4th) – P1,593,132,400
8 – Allianz PNB Life Insurance, Inc
We ’ve been curating (and regularly streamlining) this list for the once 3 times, and this has been the first time for Allianz PNB Life to be in the top 10
The Allianz Group (in cooperation with Philippine National Bank) started furnishing variable life insurance products in the Philippines in 2001. Firstly headquartered in Germany, Allianz is a encyclopedically honored brand in the fiscal services sector and serves 90 million retail and commercial guests across 70 countries
9 – BPI-Philam Life Assurance Corporation
Established in 1933, the company used to be known as Ayala Life Assurance Incorporated. It operates as a attachment of Philippine American Life and General Insurance Company,Inc
BPI-Philam offers a vast array of fiscal products which include savings, investment, educational fund, withdrawal fund, particular accident, motor insurance, income protection, and much further
10 – United Coconut Planters Life Assurance Corporation
Innovated in 1966, UCPB Life Assurance Corp specializes in life insurance underwriting. They also offer services fornon-life, healthcare, collective fund products – covering protection, education, pension/ withdrawal, and honorary insurance plans
These are the best insurance companies in the Philippines 2022
