Popular insurance companies in Phillipines

Kariuki Maina
By Kariuki Maina 5 Min Read

1. Sun Life

In terms of invested assets for both standard and variable life insurance, Sun Life of Canada (Philippines), Inc. is the top life insurance provider in the Philippines. It provides a comprehensive range of health, life, and wealth management solutions that are tailored to the specific requirements of both individual and institutional clients.

2. AIA Philippines

Formerly known as Philam Life, AIA Philippines American Life and General Insurance Company, Inc. It is a division of the AIA Group. the world’s largest independent pan-Asian life insurance firm, now traded on a public exchange. Along with life insurance, AIA provides its clients with retirement options, health insurance, and plans for their children’s education.

3. Pru Life UK

One of the major insurance providers in the Philippines is Pru Life Insurance Corporation of the UK. It is a division of Prudential PLC, one of the biggest financial services organizations in the world. One of the nation’s fastest-growing life insurance firms, Pru Life UK was founded in the Philippines in December 1996.

4. AXA Philippines

One of the most well-known insurance companies in the Philippines is AXA. It is a division of the French insurance and asset management behemoth AXA Group. Nearly 2 million people can choose from the life and general insurance products offered by AXA.

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5. InLife

The first and biggest Filipino-owned life insurance firm in the Philippines is Insular Life Assurance Company, Limited (InLife). It was established in 1910 and offers Filipinos retirement plans, investments, savings, and financial security. InLife stated that gross benefits and claims paid in 2021 totaled PHP11.52 billion.

6. BPI-AIA

A corporate cooperation between two reputable financial institutions in the Philippines, AIA Philippines and the Bank of the Philippine Islands, is known as BPI AIA Life Assurance Corporation (BPI).

7. Manulife

A subsidiary of Manulife, a Canadian business established in 1887 and currently one of the largest insurers in the world, is Manulife Philippines. In 1907, Manulife Philippines was created. It provides investment management, group programs, and insurance.

8. BDO Life

The insurance division of BDO Unibank, the biggest bank in the Philippines in terms of assets, deposits, capital, and loans, is called BDO Life Assurance Company, Inc. It provides extensive education, savings, retirement, and estate planning options.

9. Allianz PNB Life

The Philippine National Bank and the German financial behemoth Allianz Group have partnered to form Allianz PNB Life Insurance, Inc. It is also one of the Philippine life insurance companies with the quickest rate of growth.

10. Manulife China Bank Life

The financial platform Manulife China Bank Life Assurance Corporation, which provides exceptional insurance products to both individuals and groups, was established through a partnership between Manulife Philippines and China Bank.

11. Sun Life Grepa Financial

The Yuchengco Group of Companies and Sun Life Philippines have joined forces to become Sun Life Grepa Financial. RCBC, a renowned banking oligarchy, is also owned by YGC, a sizable Philippine conglomerate.

12. FWD

FWD Philippines is a division of the Pan-Asian life insurance company FWD Group, which was established in 2013. In Hong Kong, Macau, Japan, Thailand, the Philippines, Indonesia, Vietnam, Singapore, Malaysia, and Cambodia, FWD Group serves more than 10 million clients.

13. Cocolife

The biggest stock life insurance business owned by Filipinos, United Coconut Planters Life Assurance Corporation (Cocolife), was the first of its kind to receive ISO certification. It is also one of the finest suppliers of healthcare programs in the nation.

14. Pioneer Life

Binondo, Manila, is the location of the founding of Pioneer Insurance. It has now served and safeguarded Filipinos for more than 50 years. Pioneer offers both individual and group insurance options, and has established a solid reputation in the life insurance industry.

15. EastWest Ageas Insurance

EastWest Ageas Insurance is a joint venture between Ageas, the largest insurance company in Belgium, and EastWest Bank, one of the top banks in the Philippines.

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By Kariuki Maina Kariuki Maina
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Wamuyu
Wamuyu
1 month ago

Wow, this is a dope one.

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