Top Best Philippines Life Insurance Companies
Today I am sharing Top Best Philippines Life Insurance Companies. According to some web sources, the top 10 life insurance companies in the Philippines based on various criteria such as premium income, assets, net income, and net worth are:
- Pru Life Insurance Corp. of U.K.
- Sun Life of Canada (Philippines)
- Philippine AXA Life Insurance, Corp.
- FWD Life Insurance Corporation
- AIA Philippines American Life and General Ins. Co., Inc.
- Manulife Philippines
- BDO Life Assce. Co., lnc. (Generali Pilipinas Life)
- Allianz PNB Life Insurance, Inc.
- BPI-AIA Life Assurance Corporation
- Insular Life Assurance Company, Ltd
- United Coconut Planters Life Assurance Corporation
These companies offer different types of life insurance policies such as term, endowment, whole life, variable universal life (VUL), and buy-term investment difference (BTID). You may want to compare their features, benefits, premiums, and payment terms to find the best one for your needs.
1: Sun Life of Canada (Philippines) Inc
Sun Life of Canada (Philippines) Inc. is one of the leading life insurance companies in the Philippines. It offers a range of insurance and investment products, such as term, whole life, variable universal life (VUL), mutual funds, and education plans. It also provides financial planning, retirement solutions, health and wellness programs, and corporate responsibility initiatives.
According to the Insurance Commission, Sun Life of Canada (Philippines) Inc. ranked second in terms of premium income in 2020, with 39.5 billion Philippine pesos. It also ranked second in terms of assets, with 249.54 billion Philippine pesos, and third in terms of net income, with 3.8 billion Philippine pesos.
Sun Life of Canada (Philippines) Inc. is headquartered in Bonifacio Global City, Taguig City. It has a trunkline number of 8555-8888 and a client care center number of 8849-9888. It also has a website, where you can find more information about its products, services, advisors, and branches.
2: Pru Life Insurance Corp. of UK
Pru Life Insurance Corp. of UK. is a subsidiary of Prudential plc, a British financial services company. It offers life insurance, investment-linked insurance, health insurance, and retirement solutions in the Philippines. It also provides financial literacy and wellness programs, community development initiatives, and digital innovations such as Pulse, a health app that helps users manage their health and well-being.
According to the Insurance Commission, Pru Life Insurance Corp. of UK. ranked first in terms of premium income in 2020, with 64.65 billion Philippine pesos. It also ranked first in terms of net income, with 4.15 billion Philippine pesos, and third in terms of assets, with 247.87 billion Philippine pesos.
Pru Life Insurance Corp. of UK. is headquartered in Bonifacio Global City, Taguig City. It has a customer service hotline number of (02) 8887 LIFE (5433) and an email address of [email protected]. It also has a website, where you can find more information about its products, services, advisors, and branches.
3: Allianz PNB Life Insurance, Inc.
Allianz PNB Life Insurance, Inc. is a joint venture between Allianz SE, a global financial services company, and Philippine National Bank (PNB), one of the largest banks in the Philippines. It offers life insurance, health insurance, retirement solutions, education plans, and investment funds in the Philippines. It also provides financial literacy programs, wellness campaigns, and environmental initiatives.
According to the Insurance Commission, Allianz PNB Life Insurance, Inc. ranked eighth in terms of premium income in 2020, with 9.5 billion Philippine pesos. It also ranked eighth in terms of net income, with 1.07 billion Philippine pesos, and ninth in terms of assets, with 62.33 billion Philippine pesos.
Allianz PNB Life Insurance, Inc. is headquartered in Ayala Avenue, Makati City. It has a customer service hotline number of (02) 8818 5433 and an email address of [email protected]. It also has a website, where you can find more information about its products, services, advisors, and branches.
4: Philippine AXA Life Insurance, Corp
Philippine AXA Life Insurance, Corp. is a joint venture between AXA Group, a global leader in insurance and asset management, and Metrobank Group, one of the largest financial conglomerates in the Philippines. It offers life insurance, health insurance, education plans, retirement solutions, and investment funds in the Philippines. It also provides financial literacy programs, wellness campaigns, and digital innovations such as the MyAXA app and e-policy delivery. According to the Insurance Commission, Philippine AXA Life Insurance, Corp. ranked third in terms of premium income in 2020, with 26.24 billion Philippine pesos.
It also ranked fourth in terms of assets, with 128.15 billion Philippine pesos, and fifth in terms of net income, with 2.25 billion Philippesos. Philippine AXA Life Insurance, Corp. is headquartered in Makati City. It has a customer service hotline number of (02) 8 5815-292 and an email address of [email protected]. It also has a website, where you can find more information about its products, services, advisors, and branches.
5: BDO Life Assurance Co. Inc
BDO Life Assurance Co. Inc. is a life insurance company and a wholly-owned subsidiary of BDO Unibank, Inc., the largest bank in the Philippines. It offers life insurance, health insurance, education plans, retirement solutions, and estate planning products in the Philippines. It also provides customer service, policy servicing, and claims processing through BDO branches nationwide.
According to the Insurance Commission, BDO Life Assurance Co. Inc. ranked seventh in terms of premium income in 2020, with 10.13 billion Philippine pesos. It also ranked seventh in terms of net income, with 1.09 billion Philippine pesos, and eighth in terms of assets, with 62.54 billion Philippine pesos.
BDO Life Assurance Co. Inc. is headquartered in Makati City. It has a customer service hotline number of (02) 8885-4110 and an email address of [email protected]. It also has a website, where you can find more information about its products, services, advisors, and branches.
6: FWD Life Insurance Corporation
FWD Life Insurance Corporation is a multinational insurance company based in Hong Kong and part of FWD Group. It offers life insurance, health insurance, investment-linked insurance, and employee benefits in the Philippines. It also provides digital innovations such as online purchasing, e-policy delivery, and chatbot service.
According to the Insurance Commission, FWD Life Insurance Corporation ranked fourth in terms of premium income in 2020, with 25.03 billion Philippine pesos. It also ranked sixth in terms of assets, with 70.42 billion Philippine pesos, and ninth in terms of net income, with 0.97 billion Philippine pesos.
FWD Life Insurance Corporation is headquartered in Bonifacio Global City, Taguig City. It has a customer service hotline number of (02) 8888-8388 and an email address of [email protected]. It also has a website, where you can find more information about its products, services, advisors, and branches.
7: Manulife Philippines
Manulife Philippines is a life insurance and investment company and a subsidiary of Manulife Financial Corporation, a Canadian financial services group. It offers life insurance, health insurance, education plans, retirement solutions, and investment funds in the Philippines. It also provides financial literacy programs, wellness campaigns, and digital innovations such as Manulife Online and Manulife Goal Maker.
According to the Insurance Commission, Manulife Philippines ranked sixth in terms of premium income in 2020, with 16.15 billion Philippine pesos. It also ranked fifth in terms of assets, with 125.97 billion Philippine pesos, and fourth in terms of net income, with 2.26 billion Philippine pesos.
Manulife Philippines is headquartered in Makati City. It has a customer service hotline number of (02) 8884-7000 and an email address of [email protected]. It also has a website, where you can find more information about its products, services, advisors, and branches.
8: AIA Philippines
AIA Philippines is a life insurance and general insurance company and a subsidiary of AIA Group Limited, a leading life insurer in Asia. It offers life insurance, health insurance, education plans, retirement solutions, and investment funds in the Philippines. It also provides financial literacy programs, wellness campaigns, and digital innovations such as the My AIA app and AIA Vitality.
According to its website, AIA Philippines has PHP 276.73 billion in total assets and PHP 72.21 billion in net worth as of December 31, 2020. It also serves almost 800,000 individual policyholders and nearly 800,000 insured group members.
AIA Philippines is headquartered in Bonifacio Global City, Taguig City. It has a customer service hotline number of (02) 8 528 2000 and an email address of [email protected]. It also has a website, where you can find more information about its products, services, advisors, and branches.
9: BPI-AIA Life Assurance Corporation
BPI-AIA Life Assurance Corporation is a bancassurance company and a joint venture between AIA Philippines Life and General Insurance Company, Inc. (AIA Philippines) and Bank of the Philippine Islands (BPI). It offers life insurance, health insurance, education plans, retirement solutions, and investment funds in the Philippines. It also provides financial literacy programs, wellness campaigns, and easy access to insurance through BPI branches nationwide.
According to its website, BPI-AIA is the number one bancassurance company in the Philippines. It has the vision to be the leading life insurance company in the country by making insurance accessible, affordable, and personalized for every Filipino.
BPI-AIA Life Assurance Corporation is headquartered in Makati City. It has a customer service hotline number of (02) 8 528 5501 and an email address of [email protected]. It also has a website, where you can find more information about its products, services, advisors, and branches.
10: Insular Life Assurance Company, Ltd
Insular Life Assurance Company, Ltd. is a mutual life insurance company and the first Filipino life insurance company in the Philippines. It offers life insurance, health insurance, education plans, retirement solutions, and investment funds in the Philippines. It also provides financial literacy programs, wellness campaigns, and allied financial services such as general insurance, banking, healthcare, lending, and investment through its subsidiaries and affiliates.
According to the Insurance Commission, Insular Life Assurance Company, Ltd. ranked tenth in terms of premium income in 2020, with 8.77 billion Philippine pesos. It also ranked fourth in terms of net worth, with 37.1 billion Philippine pesos.
Insular Life Assurance Company, Ltd. is headquartered in Alabang, Muntinlupa City. It has a customer service hotline number of (02) 8876-1800 and an email address of [email protected]. It also has a website, where you can find more information about its products, services, advisors, and branches.
11: United Coconut Planters Life Assurance Corporation
United Coconut Planters Life Assurance Corporation, also known as Cocolife, is a stock life insurance company and a subsidiary of United Coconut Planters Bank (UCPB). It offers life insurance, health insurance, education plans, retirement solutions, and investment funds in the Philippines. It also provides financial literacy programs, wellness campaigns, and allied financial services such as general insurance, banking, healthcare, lending, and investment through its subsidiaries and affiliates.
According to its website, Cocolife is the number one Filipino-owned stock life insurance company in the Philippines. It has the vision to build a better nation and empower Filipinos to achieve a more financially secure future.
Cocolife is headquartered in Makati City. It has a customer service hotline number of (02) 8 810-7888 and an email address of [email protected]. It also has a website, where you can find more information about its products, services, advisors, and branches.