What are the top life insurance companies in the Philippines? Selecting the best one is really up to the person because it will depend on his budget and needs.
It is also best to consider the customer assistance of an insurance company. But that will be discussed in the next article of this series.
For now, let us first look for the top insurance companies in the Philippines. I have compiled a list of insurance companies to let you get what you were here for.
So let’s get down to it right away.
Top 26 Life Insurance Companies In The Philippines
1. BPI – Philam Life Assurance Corporation
BPI-Philam Life Assurance Corporation is a strategic alliance between two leading financial companies in the Philippines – The Philippine American Life and General Insurance Company (Philam Life) and Bank of the Philippine Islands (BPI).
As a combined brand, Filipinos can trust BPI-Philam to help achieve their dreams through solutions that are accessible, affordable and personalized.
VISION: To be the leading life insurance company in the country by making insurance accessible, affordable and personalized for every Filipino.
MISSION: We make sure that insurance is easy to get and easy to have for every Filipino, no matter what class they belong to.
ADDRESS: 15th Floor BPI-Philam Life Makati, Ayala Avenue, Makati City 1226
CONTACT: (632) 8528 5501
Check put their website for more information.
2. Sun Life Canada (Philippines), Inc.
Sun Life Financial in the Philippines offers a diverse range of insurance, wealth, and asset management solutions to help every Filipino in their journey towards a brighter life.
PURPOSE: Our purpose as an organization is to help clients achieve lifetime financial security and live healthier lives. In doing so, we are committed to put our clients at the center of everything we do as we strive to be the best insurance and asset management companies in the world.
ADDRESS: 2/F Sun Life Centre, 5th Avenue corner Rizal Drive, Bonifacio Global City, Taguig City 1634
CONTACT: (632) 8849 9888
Check put their website for more information.
3. PRU Life Insurance Corporation of UK
BRAND: We believe that everyone should have the opportunity to progress in life, and we are committed to being your trusted partner as you pursue your passions and navigate life’s milestones. We share your pioneering spirit by driving innovation in everything we do. Every day, we serve your evolving health and protection needs, by listening, understanding and most importantly, delivering.
ADDRESS: 9/F Uptown Place Tower 1, 1 East 11th Drive, Uptown Bonifacio, 1634 Taguig City, Philippines
CONTACT: (632) 8683 9000, (632) 8884 8484
Check put their website for more information.
4. Philippine Axa Life Insurance Corporation
AXA Philippines is one of the largest and fastest growing insurance companies in the country, offering financial security to 1.3 million individuals through our group and individual life insurance products. AXA has close to 7,000 financial advisors in more than 40 branches, and about 1,200 financial executives in over 900 Metrobank and PSBank branches nationwide
ADDRESS: 34th Floor GT Tower, Ayala Ave. corner H.V. Dela Costa, Makati City, Philippines
CONTACT: (632) 8581 5292, (63) 917 1709292 (Globe), (63) 998 5889292 (Smart)
Check put their website for more information.
5. BDO Life Assurance Company, Inc.
BDO Life Assurance Company, Inc., a subsidiary of BDO Unibank, the country’s largest bank to date, offers a diverse pool of life insurance products suitable to the needs of its clients. BDO Life provides protection, education, savings, retirement and estate planning solutions aimed to create a secure future for its customers and their families. BDO Life extends comprehensive term life insurance protection for corporate clients.
ADDRESS: BDO Corporate Center, 7899 Makati Avenue, Makati City Metro Manila, Philippines
CONTACT: (632) 8885 4110
Check put their website for more information.
6. Insular Life Assurance Company, Limited
We are the first and largest Filipino life insurance company and the only mutual company in the Philippines. We apply over 100 years of experience in financial protection, savings, investments, and retirement to help you make confident decisions for you and your loved ones. We recognize that financial priorities change over time — that is why we are here to help you plan ahead, every step of the way. We are proudly Filipino and remain committed to serving the Filipinos, as we spread the benefits of life insurance to every family.
VISION AND MISSION: To be the market leader in the insurance industry to whom more Filipinos entrust the financial security of their families.
ADDRESS: Filinvest Corporate City 1781 Alabang, Muntinlupa City
CONTACT: (632) 8876 1800
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7. FWD Life Insurance Corporation
FWD is breathing life back into the insurance business by offering products that speak to the needs of different people across different lifestyles. Whether it’s for life protection or for building wealth, we’re here to enable you to do more today and fear less about the future. To stop hesitating and start doing more of the things that excites you. We’re here to change the way you feel about insurance by helping you grab the things you want out of life.
ADDRESS: 19F W Fifth Avenue Building, 5th Avenue corner 32nd Street, Bonifacio Global City, Taguig City 1634
CONTACT: (632) 8888 8388
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8. United Coconut Planters Life Assurance Corp.
We are a recognized leader in the insurance industry, with the fundamental purpose of providing the benefits of life insurance and other related financial products and services to our fellowmen. We are committed to quality. We shall imbue quality in our products and services, and quality in our relationships with our clients, employees and sales associates.
Our strength is our people. We are dedicated to bringing out the best among our employees and sales associates by providing job security, competitive compensation, and opportunities for professional growth and personal development. We have a social responsibility to improve quality of life and shall always espouse positive Filipino values.
ADDRESS: COCOLIFE Building, 6807 Ayala Avenue Makati City
CONTACT: (632) 8810 7888
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9 Sun Life Grepa Financial, Inc.
Sun Life Grepa Financial, Inc. (Sun Life Grepa) is a joint venture between the Yuchengco Group of Companies (YGC) and Sun Life Financial Philippines (Sun Life). Sun Life Grepa offers financial protection products through its agency, bancassurance, and group account channels.
MISSION: Our business is to provide solutions.
VISION: Sun Life Grepa Financial, Inc. is a provider of financial solutions that are innovative, market responsive and with great value.
ADDRESS:
CONTACT:
Check put their website for more information.
10. Manulife Chinabank Life Assurance Corporation
Manulife Philippines is an insurance company dedicated to helping you find solutions to help you achieve your dreams and goals. We are a subsidiary of Manulife Financial based in Canada, one of the largest insurance companies in the world. As a leading insurance provider in the country, we’re proud to offer flexible and innovative solutions for your financial needs.
ADDRESS: 10th Floor NEX Tower, 6786 Ayala Avenue, Makati City, 1229
CONTACT: (632) 8884 7000
Check put their website for more information.
11. Pioneer Life, Inc.
We believe that there is godliness in humanity. In the name of this godliness, We believe in treating our stakeholders fairly, but with humanity. And with humanity, the value is in the thought itself. For us, the whole world is our stakeholder. This is not a statement of grandeur, but a statement from our soul.
Our soul is a quiet one, a peaceful one. Instead of talking, we much rather listen, observe and do. This is how we share our soul. And because of this we understand each other.
ADDRESS: 108 Paseo de Roxas, Legaspi Village, Makati City 1229, Philippines
CONTACT: (632) 8812 7777
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12. Etiqa Life and General Assurance Phils, Inc.
Etiqa Philippines formerly AsianLife & General Assurance Corporation is a Composite Insurance Company, majority-owned by Etiqa International Holdings (EIHSB) Malaysia, an investment holding company of Malaysia Banking Berhad (Maybank). Etiqa’s headquarters is located in Kuala Lumpur, Malaysia with regional presence in Indonesia, Philippines, Singapore and Cambodia.
Etiqa Philippines provides a wide range of both Group life and General Insurance, Group Medical Benefits, Individual Life and Non-Life, and variable products that cater to various protection, savings and investment needs for all segments in the Philippines. The products are offered through multiple distribution channels, including Brokers, Agents, Online as well as Business Partners.
VISION: We aim to be a leading Insurance Provider supported by highly effective people and enabled by technology.
MISSION: Meeting stakeholders’ needs through common shared values.
ADDRESS: 2/F & 3/F Morning Star Center, 347 Sen. Gil J. Puyat Avenue, 1200 Makati City
CONTACT: (632) 8890 1758
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13. Beneficial Life Insurance Company, Inc.
Beneficial Life Insurance Co., Inc. (BenLife) is a wholly Filipino-owned life insurance company established on March 16, 1960. From an initial authorized capitalization of P2.5 million, it now has over P1.12 billion in paid up capital, P3.17 billion in equity and over P8.45 billion in consolidated resources (based on audited consolidated financial statements as of December 31, 2019).
MISSION:
To fully serve our stockholders by providing fair, equitable and just returns as well as loyalty and dedication to our responsibilities.
To provide our policyholders and various stockholders with peace of mind by providing excellent products and services and assurance of stability and longevity.
To provide our employees with deep sense of strength, integrity and belongingness that ensure support in all aspects of life.
To contribute to our nation’s advancement, development and progress by making life insurance accessible to as many Filipinos as possible.
VISSION:
We are the largest wholly Filipino owned Life Insurance Company.
We are professionals dedicated to provide and deliver affordable and highly dependable life insurance products and services.
We are fully committed to serve and protect the needs of our customers with the highest standards of service and integrity.
We are determined to provide fair returns to our stockholders and open opportunities for professional growth and personal progress to our employees and sales people by providing and environment that encourages professionalism and teamwork and rewards competence and excellence.
We shall contribute to the development and progress of our country and people by making life insurance accessible to as many Filipinos as possible
ADDRESS: BenLife Building, 166 Salcedo St., Legaspi Village, Makati City, 1229 PO Box 1903
CONTACT: (632) 8818 8671
Check put their website for more information.
14. Allianz PNB Life Insurance, Inc.
Allianz PNB Life is among the major life insurers in the Philippines, which began its operations in 2001. We are a leading provider of Variable Life products, complemented by a full line of Life protection offerings for individuals and institutions. All our products and services are designed to meet the lifetime financial planning, wealth accumulation, and well-being aspirations of every Filipino Family. It is the country’s fastest growing life insurance company in terms of premium income.
VISSION: To be the most trusted partner of Filipino families on their journey to prosperity and well-being.
MISSION: We care for our customers and deliver our promise. We live a culture where people and performance matter. We provide innovative solutions at our customer’s convenience.
ADDRESS: 9th Floor, Allied Bank Center, 6754 Ayala Avenue corner Legaspi Street, Makati City, Philippines
CONTACT: (632) 8818 4357
Check put their website for more information.
15. Climbs Life & General Insurance Cooperative
CLIMBS Life and General Insurance Cooperative is a life and non-life insurance cooperative duly licensed by both the Cooperative Development Authority and the Insurance Commission born in Cagayan de Oro City. Founded in 1971 by the late Atty. Mordino Cua and Atty. Aquilino Pimentel Sr., CLIMBS started by bringing mutual protection to its members as an alternative to insurance products offered by big traditional insurance companies especially in the Visayas and Mindanao.
ADDRESS: CLIMBS Building, Upper Zone 5 National Highway Bulua, Cagayan de Oro City 9000, PH
CONTACT: (6388) 856 1355
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16. 1 CISP Life and General Insurance
The Cooperative Insurance System of the Philippines was founded on January 25, 1974. It was organized to promote and engage in the service of life insurance as a cooperative. It was issued a Certificate of Authority by the Insurance Commission on September 30, 1974.
MISSION: To build a society whose stakeholders are fully protected and empowered through a viable and sustainable cooperative insurance system.
VISION: A globally competitive cooperative insurance system.
ADDRESS: CISP Bldg., 80 Malakas Street, Central District, Diliman, Quezon City, Philippines
CONTACT: (632) 8924 0471, (632) 8923 0739
Check put their website for more information.
17. Generali Life Assurance Philippines, Inc.
Generali has been providing life insurance solutions to international and local clients in the Philippines since 1999, and has a solid track record particularly in the group insurance and credit life business. Over the years, we have come to understand the individual requirements of our clients, and are continuously adapting and innovating to meet their changing needs.
ADDRESS: Generali Philippines Head Office, 10th Floor Petron, Mega Plaza 358 Sen. Gil Puyat Avenue, Makati City, 1209 Philippines
CONTACT: (632) 8580 6600
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18. First Life Financial Company, Inc.
First Life Financial Co., Inc. (First Life) provides the best financial advice to Filipino families. We strive towards protecting your finances and securing your future. For over 50 years, First Life has maintained a leading position among life insurers in the Philippines. Through an expansive range of individual and group packages, First Life is committed to deliver competitive, world-class service to help your family manage your present and future financial needs.
ADDRESS: 174 Salcedo Street, Legaspi Village, 1229 Makati City, Philippines
CONTACT: (632)8893-3024
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19. Fortune Life Insurance Company, Inc.
Fortune Life will continue to be the company of choice for customers, agents and employees. We delightfully and exceedingly satisfy our customers’ needs. We provide professional agents with markets, as well as innovative and affordable products that give superior, timely and sustainable compensation. We are a company where employees feel that they are important and trusted, and where they can truly contribute. We set the trend for innovative, tailor-fitted products for our clients.
ADDRESS: Fortune Life Building, 162 Legazpi Street, Legazpi Village, Makati City, Philippines
CONTACT: (6322) 8892 9841 to 49
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20. Paramount Life and General Insurance Corp.
VISION: To provide positive and lasting experiences to our stakeholders, in order to be the top-of-mind insurance provider for every Filipino while developing sustainable practices that will benefit future generations.
MISSION: To protect what’s important for you.
ADDRESS: 14th & 15th Floor Sage House, 110 VA Rufino Street, Legaspi Village, Makati City, Philippines
CONTACT: (632) 8772 9200
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21. Philippine Life Financial Assurance Corporation
For 60 years, Philippine Life Financial Assurance Corporation (PhilLife) has been one of the most trusted insurance providers in the country. Thousands of Filipino families and businesses turn to PhilLife to secure their future. PhilLife is, an ever-reliable partner in facing challenges, creating solutions, and achieving dreams. PhilLife’s nationwide network of offices and agents provide ready access in times of need and in seasons of celebration.
ADDRESS: 4th Floor STI Holdings Center, 6764 Ayala Avenue, Makati City 1226
CONTACT: (632) 7798-5433
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22. Caritas Life Insurance Corporation
CARITAS LIFE INSURANCE CORPORATION (CLIC) was incorporated and registered with the Securities and Exchange Commission on 21 November 2003, with an initial paid-up capital stock of PHP 75 million contributed surplus. On 25 November 2004, the Insurance Commission (IC) granted Caritas Life its Certificate of Authority to operate as a Life Insurance Company. As of April 2019, Caritas Life’s Paid-Up Capital and Contributed Surplus have been increased to PHP 601 million and PHP 200 million, respectively, solidifying its present total net worth of over PHP 1.1 billion.
VISION: We dream of families that are financially capable of realizing and living their dreams.
MISSION: To provide the best financial solutions to enable the Filipino families to realize their dreams
ADDRESS: 97 E. Rodriguez Sr. Avenue, Quezon City
CONTACT: (632) 8635 – 7122 / (632) 8635 – 7132 / (632) 8846 – 8982
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23. Country Bankers Life Insurance Corporation
Country Bankers Life Insurance Corporation (CBLIC) is a filipino-owned full service insurance company, offering life and nonlife insurance for the past 60 years of reliable coverage in serving the needs of individuals, groups, rural banks and corporations. CBLIC is best known for its impressive performance and track record in making insurance accessible to thousands of Filipinos, especially in rural areas, through its solid partnership with rural banks all over the country since it was established on March 28, 1965.
ADDRESS: Country Bankers Center 648 T.M. Kalaw St. Ermita, Manila Philippines 1000
CONTACT: (632) 8523-8611 to 18
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24. Manila Bankers Life Insurance Corporation
Manila Bankers Life Insurance Corporation is a life insurance company based in Makati City, Philippines, duly recognized and authorized by the Philippine Insurance Commission. The company offers a wide array of new and innovative life insurance products, catering to the needs of individuals and groups. The company creates customized life insurance packages based on the requirement of its major and significant customers. Since 1967, Manila Bankers Life Insurance has continued to serve the Filipino people from Luzon to the Visayas and Mindanao area.
ADDRESS: 3/F VGP Center, 6772 Ayala Avenue, Makati City
CONTACT: (632) 8810-1072 / 8810-1040 / 8810-1051 / 8815-1004
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25. United Life Assurance Corporation
In the early years of its growth, the company had the good fortune to enlist the services of a member of the Society of Actuaries, USA, the brilliant actuary Robert Bergstresser. He defined the conservative policy that the company owes for its exceptional stability.
ADDRESS: 5th and 6th Floor Federal Tower, Dasmariñas Street Corner Muelle DeBinondo, Binondo, Manila
CONTACT: (632) 8241 4201
Check put their website for more information.
26. Philippines International Life Insurance Co. Inc.
Philippines International Life Insurance Company Inc. (PHILINTER) offers the best kind of Insurance protection for your particular need. For sixty three (63) years, PHILINTER has emerged and succeeded as one of the top insurance companies in the industry with a vertical record of exemplary service and dedication to thousands of Policy holders, private and public school teachers, organizations and corporate clientele.
ADDRESS: 55 Tanco Building, Timog Avenue South Triangle Quezon City 1103 Metro Manila PH, Timog Ave, Quezon City, Metro Manila
CONTACT: (632) 8371 4589
Check put their website for more information.
Final thoughts
All of the listed life insurance companies in the Philippines are legally structured, credible, reliable and most important of all are legit. The life insurance companies in the Philippines listed above have been built and are existing for a number of years.
It’s true that you don’t have to visit them all when you want shop around. But at least try to study the offers of couple of the life insurance companies.
Some offer special promos without them advertising it. Each one of the life insurance companies in the Philippines have common offer. But each one have unique offers too.
Also, study their offers and surely you will find the right fit for you.
I have made this list of life insurance companies in the Philippines to help and guide people who wants to buy life insurance for their personal use.
Having a life insurance is really important but you have to take your time in selecting the right insurance company that can provide exactly what you need.
Disclaimer:
I am not an insurance agent nor connected to any life insurance companies. And I am not going to have any referral fee if you buy from these companies.
This post is in series with:
Why Do You Need Life Insurance