Top 10 Life Insurance Companies in the Philippines

Who are the top Life Insurance Companies in the country? The Insurance Commission releases the list of the top insurers albeit late. The latest figures show the numbers of 2009. The ranking is according to total premiums registered.

There are many other areas one should consider when choosing an insurer other than its ranking such as claims experience, customer service, charges, etc. Further, chose a life insurance intermediary (agent, broker, adviser) who will take time to educate you in the rudiments of risk management and not just push a product.

Top Top 10 Life Insurance Companies in the Philippines

in Premiums of 2009
Rank Company Total Premiums
1 Philam Life & Gen. 10,892,909,604
2 Sunlife 9,565,859,352
3 Insular Life 6,183,786,001
4 Phil. Axa 4,440,526,432
5 BPI Philam Life 3,602,786,538
6 Pru Life 3,523,756,928
7 Generali Pilipinas 3,213,435,239
8 Manulife (Phils) 3,190,063,952
9 Grepalife Financial 2,274,757,169
10 United Cocolife 1,841,497,005
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Comments

  1. Good day!

    Sir. RJ,

    Naiintindihan ko po ang inyong hinaing kung ano man pong hindi magandang nangyari sa plan nyo sa pre-need company na sinalihan nyo. Unang-una po ang pre-need companies ay hindi life insurance company, napakalaki po ng pagkakaiba ng pre-need company sa Life Insurance Company. Ang pre-need company po ay under ng supervision ng Security and Exchange Commission and just like other business they operate freely at sa tingin ko hindi sila monitored ng (SEC) lalong lalo na sa Financial status ng isang pre-need company kaya malaya silang nagagawa ang kanilang business kahit na mejo kulang na ang kanilang reserved or trust fund. Now, ang Life Insurance companies naman po ay Govern ng Insurance Commission, ang IC po ang nagpapasa ng mga plano ng isang life insurance company kung dapat ba itong ibenta sa mga mga tao or hindi. Isa pa ay merong ceiling ang pagbebenta ng mga plano ng isang life insurance company, dahil dito napapanatili ng life insurance company ang maayos na negosyo, dahil bago pa po maibenta sa mga tao ang isang plano ng life insurance company ay meron na agad itong nakatabing pangbayad at ito po ay hindi ginagalaw. Kaya kahit magkasabay-sabay ang claim siguradong makakabayad ang life insurance company. Sa pre-need po sky is the limit and pagbebenta kaya kahit hindi na sapat ang kanilang pangbayad ay benta parin sila ng benta. Kaya nga po nitong mga nakaraan buwan ay inilipat na po sa Insurance Commission ang lahat ng pre-need companies para ito ay mamonitor at para maiwasan na ang pagbaksak ng iba pa. In history of Life insurance industry wala pa pong bumabagsak na life insurance company dahil sa set of standard ng Insurance commission, kung meron man pong magsasara ay inililipat po lahat ng obligasyon nila sa isa pang life insurance company upang hindi maapektuhan ang mga policy holder nila. Sana po ay maayos pa ang inyong problema.

    Salamat po.

    Anong plano mo? Usap tayo?
    PHILAMLIFE.COM
    E; natjr@yahoo.com
    C; 0916-6858103
    DL; 710-5286

  2. thnx randell!

    nadinig kita kay chinkee nun weekend ganda ng mga advice mo.

    it also affirmed my total disgust and diregard of the Philippine PRE NEED INDUSTRY!

    salamat at tinuruan mo yun mga parents na ilagay nlng sa ibang paraan ang kanilang PINAGPAWAISAN NG DUGO na pera kesa sa mga BWISIT AT PESTENG PRE NEED INDUSTRY NA YAN!

  3. Jennifer Magbanua says:

    Astrid —- I salute you madam. Yan ang mga taga Sun Life!!!

  4. Amy Guzman says:

    good day! gusto ko lang po sanang malaman kung anong insurance company dito sa metro manila ang nag cocovered ng bodily insurance, incident insurance and property damaged insurance?

    Maraming salamat and more power

  5. Good day!

    Mam. Amy,

    I would like to help you with regards of your inquiry. Please allow me to set an appointment with you to talk anout your concerned. I hope to hear from you soon.

    Thank you.

    Roland Natividad Jr.
    Philam Life Financial Advisor.
    C; 0916-6858103
    DL; 710-5286
    E; natjr@yahoo.com

  6. ariane lou santiago says:

    good afternoon po sir!!! ask ko lang kung meron po bang insurance para po sa non living ng company namin??? anu po bang tawag dun??? bagito po kc ako kaya di ko po alam kung san mkakaavail ng ganung insurance na hindi kami maloloko… salamat po.. God bless…

  7. Randell Tiongson says:

    You mean non-life? Check out reputable brokers.check out the website of the Insurance Commission too. – Randell

  8. Good day to everyone!!

    I want to ask if meron Insurance company that can provide MRI to Japanese?

  9. Good day. Im Roland Natividad Financial Advisor of Philamlife. I would like to help some of your concerns regarding financial planning not just to solve various financial problems but also to reach our goals and to have financial freedom most importantly. Let me know your inquiry. Thank you.

    Anong plano mo? Usap tayo.
    PHILAMLIFE.COM
    E: natjr@yahoo.com
    C: 0916-6858103
    DL: 710-5286

  10. Rea Salcedo says:

    Hi Mr. Tiongson,
    I really wanted to avail a Life Insurance, yet I dont have any idea on how to be part of it. And also may I confirm, if I can afford this kind of Insurance. Any sugestions on how? Salamat.

    Rea Salcedo
    Executive Secretary
    P. A ALVAREZ BUILDERS, INC

  11. Good day! Hi mam. Rea, I’m Roland Natividad License Financial Advirsor of Philamlife. I would like to help you regarding your plan to get a life insurance plan. Can we meet personaly to present to your our best protection plan with investment return. Please contact when will it be to meet you. Thank you very much.

    Anong plano mo? Usap tayo.
    PHILAMLIFE.CO
    E: natjr@yahoo.co
    C: 0916-6858103
    DL: 710-5286

  12. Venus Alvarez says:

    Hello Sir Tiongsion!

    Inquire lang po sana ako if you have an idea regarding Phil Axa on how effective & efficient they are when it comes to their customer’s benefits & issuance of matured premiums. hope to hear from you soon. Please reply thru my email.
    Thank you
    Venus

  13. Kristine Mendoza says:

    Dear Mr. Tiongson,

    I’m looking around for insurance coverage that is linked to investments and can therefore double as a retirement vehicle. I’ve found some great deals, however, most companies do not have, or have very limited coverage for disability. I’m looking for disability insurance that would pay me monthly, let’s say 50 to 70% of my current monthly salary until I reach retirement age, in case I get disabled either by accident or by some serious illness. Do you have any advice on this? Do you know of any companies that offer this kind of insurance?

    Thank you.

  14. Hi mam. Kristine,

    I would like to help you and forward my proposal regarding your inquiry. Please let me have your Fullname, DOB, current and work and email address. Im looking forward to do business with you. Have a nice day!

    Thank you.

    Anong plano mo? Usap tayo.
    PHILAMLIFE.COM
    E: natjr@yahoo.com
    C: 0927-8510011
    DL: 710-5286

  15. Hi Mr. Rj those companies are pre-need they are far different from life insurance company. I think you are mislead by wrong people and contacts.

    Anong plano mo? Usap tayo.
    PHILAMLIFE.COM
    E: natjr@yahoo.com
    C; 0927-8510011
    DL; 710-5286

  16. leo luna says:

    Good day!

    Pwede po bang malaman kung may mga internship programs yung mga nakalistang insurance companies sa taas. From what I know bago lang kasi Actuarial Science,which is what im taking up right now, kaya medyo mahirap maghanap ng pagtrabahuhan na related sa field. Thank you!

  17. sergio manahan says:

    Hi,
    gusto kong pong malaman kong mag kano
    per year ang life insurance coverage per year?
    ng isang condo required po ba ito. at magkano po
    ang minimum payment.

  18. Dick Caayao says:

    I read your comments re: pre-need insurance and life insurance companies. I want to invest some of my savings for my retirement can you provide me some advice on where to invest?
    Thank you.

  19. Hi sir. Dick Caayao, I’m Roland Financial Advisor from Philamlife. I would like to help you regarding your plans to set your retirement. I can provide you a proposal for your retirement. Please forward your details such Name, Surname, Middle Initial. Date of birth, current job and email address. Please send it to my email. Thank you.

    Philamlife recevied another award from Reader’s Digest Asia the 10th Platinum Trusted Brand Award 2014.

    Anong plano mo? Usap tayo.
    PHILAMLIFE.COM
    E; natjr@yahoo.com
    C; 0927-8510011
    DL; 710-5286

  20. Hi Rj,

    Our team which consists of people from the financial services industry is launching a free and full comparison service for Filipinos so that they can compare financial products such as life insurance, health insurance, loans and credit cards in one place. We’re launching on the 30th june, perhaps your readers will find the information useful?

    Thanks,

    kris.
    http://www.moneymonster.ph/life-insurance

  21. Hi,

    I have a few queries. I live abroad at the moment and I want to secure a life insurance for me and for my husband. What kind of insurance would suit us best since we are not based in the Philippines? Could you please give me some information about; retirement pension, medical insurance, education plan for our children and a pay-off after some time.

    Thank you.

  22. Ethyle D. Weigel says:

    Hi maam Leanne,
    I don’t know bakit ako napunta dito na site nto, maybe God has a purpose. I was just had a meeting with this wonderful person she’s with Pru Life U.K insurance and she convinced me big time. I hope she can help you and understand more about your needs and your family needs. Her name is Marie Jocelyn G. Cang a branch Manager/ Master Star Club of Pru Life U.K
    Tel: 0917-3207455
    email: jocelyn.cang@prulifeukcebu.ph
    Talk to her about your problem. This is Ethyle.
    Hope this could help, God bless.

  23. Good day. Hi! You should be here in the Philippines when getting a life insurance protection or before your flight you should. In getting insurance you have to consider the profitability, stability and the most trusted.

  24. Anong plano mo? Usap tayo.
    PHILAMLIFE.COM
    E; natjr@yahoo.com
    C; 0927-8510011
    DL; 710-5286

  25. So basically you are saying that one must reside in the Philippines in order to get an insurance. Is that so?

  26. Hi mam. Leanne,

    In your case mam. It is better talaga na bago kayo umalis ng Philippines meron na kayong life insurance kung dito po kayo sa Philippines nakatira talaga at sa ibang bansa lang kayo nagwowork. But if you are live abroad you can get a life insurance were u live outside the Philippines. To make life easy get a life insurance here in the Philippines.

  27. I would like to know if what insurance fits for me and my family (husband and 3 children aged 16, 10, 9) and what will happen to their insurance when my children grows old and to us. Also is it the same with memorial plan? What will happen to our insurance when I die? thank you very much =)

  28. Good eve. Mam. Joanna,

    Im Roland Natividad Financial Advisor from Philam Life the real life and the most trusted.
    Mam. Joanna, ang memorial plans po ay malaki ang pagkakaiba sa life insurance product. Memorial plans cater by pre-need companies while life insurance and investment products is handle by life insurance company. In your case mam. Joanna i suggest since you might be the bread winner or shall we say one of the provider of the family second to your husband i can offer you our protection product for the financial protection for the family just incase something happens to you and it will also help you to settle your estate tax. Second this plan has health insurance benefits fir your protection just incase you got sick with critical illness, just incase Philamlife will give you a lumpsum amount to help you finance your medical expenses and to help you recover faster. Third this product has investment component which also know as your savings. This will be your fund to use if you are in your retirement age. In banks deposit you’ll just earn 0.25% per annul less 20% witholding tax so technically your not earning. While in Philamlife investment products we performed 8% to 21% per annum so you can make sure that you can save for your future needs. I hope we can set a day to talk about this and to study also the most fit plan for you and for your children. Hope to hear from you soon. Thank you

    Anong plano mo? Usap tayo.
    PHILAMLIFE.COM
    E; natjr@yahoo.com
    C; 0927-8510011
    DL; 710-5286
    Loobin/ssD

  29. Dear Client, if you needs assistance regarding protection, health and investment please let me help you. Inquire now!

    Anong plano mo? Usap tayo.
    PHILAMLIFE.COM
    E; natjr@yahoo.com
    C; 09271-8510011
    DL; 710-5286
    Loobin/ssD

  30. pwede bang mag avail ng insurance sa mga companies na yan without a financial adviser, yung direct or online lang?

  31. hi mr roland im currently here in singapore working and i’m planning to avail a life insurance but i dont know which policy fits in me i hope i can hear an advice from you

  32. Good day Mam. Eloisa,

    Please send me your private message in my email so we can discuss it continously. Take care.

    Thank you.

    Anong plano mo? Usap tayo.
    PHILAMLIFE.COM
    E; natjr@yahoo.com
    C; 0927-8510011
    DL; 710-5286
    Loobin/ssD

  33. I am a plan holder of Philasia Insurance, my problem today is I can’t locate the Office address of Philasia in Cagayan de Oro. Please help me locate so that I can continue.

    Thank you very much.

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Top 10 Life Insurance Companies in the Philippines