More and more Filipinos now are accepting the concept of life insurance. 

Compared to times when life insurance is generally (or stereotypically ?) viewed as a scam among many Filipinos. Those times were tough for the insurance companies and the insurance industry itself.

But today is different.

The insurance industry is fast-growing than ever. And behind this progress are the insurance companies that are spreading awareness and doing the work insuring a greater number of Filipinos. 

This is the list of life insurance companies in the Philippines (in no particular order).

The Complete List of Life Insurance Companies in the Philippines

  • Pru Life Insurance Corporation of U.K. (also known as Pru Life U.K.)
  • Allianz PNB Life Insurance, Inc. (Formerly: PNB Life Insurance, Inc.)
  • Pioneer Life Inc.
  • Beneficial Life Insurance Company, Inc.
  • Manufacturers Life Insurance Company (Phils.), Inc.
  • Manulife Chinabank Life Assurance Corporation (Formerly: The Pramerica Life Insurance Co., Inc.)
  • Country Bankers Life Insurance Corporation
  • Generali Life Assurance Philippines, Inc.
  • lnsular Life Assurance Company, Ltd., The
  • BPI-Philam Life Assurance Corporation
  • Caritas Life Insurance Corporation
  • Philam Equitable Life Assurance Company, Inc.
  • First Life Financial Company, Inc. (Formerly: First Guarantee Life Assurance Co.-as of 2007 )
  • Philippines lnternational Life Insurance Company, Inc.
  • East West Ageas Life Insurance Corporation
  • Philippine AXA Life Insurance Coporation
  • Fortune Life Insurance Company, Inc.
  • National Life Insurance Company of the Philippines
  • BDO Life Assurance Company, Inc. (Formerly: Generali Pilipinas Life Assurance Company, Inc.-as of 30 June 2016 )
  • Sun Life Grepa Financial, Inc.
  • Sun Life of Canada (Philippines), Inc.
  • FWD Life Insurance Corporation
  • Philippine Life Financial Assurance Corporation (Formerly: Asian Life Financial Assurance Corporation)
  • Cooperative Insurance System of the Philippines
  • Manila Bankers Life Insurance Corporation
Above is the list of life insurance companies in the Philippines with valid and existing certificates of authority from the Insurance Commission.

Here are the brief profile and website link for each company.

Pru Life Insurance Corporation of U.K.

List of Life Insurance Companies In The Philippines

Established in 1996, Pru Life UK is the pioneer of insuravest, or investment-linked life insurance products, in the Philippines and is one of the first life insurance companies approved to distribute US dollar-denominated investment-linked life insurance policies in the country. Since its establishment, Pru Life UK has expanded its reach to over 190 branches in the Philippines, with the biggest life agency force of more than 32,000 licensed agents.

The company is also one of the country’s top three life insurers based on the Insurance Commission’s 2019 Q3 rankings in terms of new business annual premium equivalent and total premium income. Pru Life UK is headquartered in Uptown Bonifacio, Taguig City.

[READ: https://www.prufinadvisor.com/2019/11/pru-life-uk-history-looking-back.html ]



Allianz PNB Life Insurance, Inc. (Formerly: PNB Life Insurance, Inc.)


The Complete List Of Life Insurance In The Philippines

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. 

Allianz PNB Life’s main headquarters is in Makati City, the country’s main business district. We also operate eleven business centers strategically located in key cities across the archipelago. It has the support of over 150 employees and more than 800 financial advisors to serve our dear policyholders and deliver great customer service experiences. 


Pioneer Life Inc.
The Complete List of Life Insurance Companies in the Philippines
Pioneer’s life operations were established in 1964, and its evolution has included a fruitful five-year joint venture with Allianz AG of Germany in the form of Pioneer Allianz. Following the joint venture in 2003, an agreement was reached to move forward as a 100 percent Filipino-owned company.

Today, Pioneer Life Inc. is a significant player in the industry, and it continues to grow with a record number of Million Dollar Round Table qualifiers. In 2013, Pioneer Life generated gross written premiums of close to P2.2 billion, supported by equity of over P1.0 billion and assets of almost P7.5 billion.


Beneficial Life Insurance Company, Inc.

Complete List Of Life Insurance Companies In The Philippines
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 P1.11 billion in paid up capital, P2.85 billion in equity and over P7.95 billion in consolidated resources (based on audited consolidated financial statements as of December 31, 2018).

As stated in the Insurance Code as amended published in 2013, the required net worth of all domestic insurance companies doing business in the Philippines should be at least 1.3 billion by December 31, 2022. Benlife has already complied with this capitalization requirement.




Manufacturers Life Insurance Company (Phils.), Inc.


The Complete List Of Life Insurance Companies In The Philippines


THE MANUFACTURERS LIFE INSURANCE CO. (PHILS.), INC. is located in Makati, Manila, Philippines and is part of the Life Insurance Carriers Industry. THE MANUFACTURERS LIFE INSURANCE CO. (PHILS.), INC. has 550 total employees across all of its locations. There are 479 companies in the THE MANUFACTURERS LIFE INSURANCE CO. (PHILS.), INC. corporate family.

D&B Hoovers provides sales leads and sales intelligence data on over 120 million companies like THE MANUFACTURERS LIFE INSURANCE CO. (PHILS.), INC. around the world, including contacts, financials, and competitor information. To witness the full depth and breadth of our data and for industry leading sales intelligence tools, take D&B Hoovers for a test drive.






Manulife Chinabank Life Assurance Corporation (Formerly: The Pramerica Life Insurance Co., Inc.)

The Complete List Of Life Insurance In The Philippines

The Manufacturers Life Insurance Company opened its doors for business in the Philippines in 1907. Since then, Manulife’s Philippine Branch and later The Manufacturers Life Insurance Co. (Phils.), Inc. (Manulife Philippines) has grown to become one of the leading life insurance companies in the country. Manulife Philippines is a wholly-owned domestic subsidiary of Manulife Financial Corporation, among the world’s largest life insurance companies by market capitalization.




Country Bankers Life Insurance Corporation

The Complete List Of Life Insurance Companies In The Philippines

Country Bankers Life Insurance Corporation (CBLIC) is a full service insurance provider banked with over 50 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.



Generali Life Assurance Philippines, Inc.

The Complete List Of Life Insurance In The Philippines
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.




lnsular Life Assurance Company, Ltd.

The Complete Life Insurance Companies In The Philippines
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.




BPI-Philam Life Assurance Corporation

The Complete List Of Life Insurance In The Philippines
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.

We at BPI-Philam understand that the Filipinos’ needs continue to evolve as they go through the different life stages and they want to be able to easily access solutions that help them live healthier, longer and better lives.



Caritas Life Insurance Corporation

The Complete List Of Life Insurance Companies In The Philippines
CARITAS LIFE INSURANCE CORPORATION (Caritas Life) was incorporated and registered with the Securities and Exchange Commission on 21 November 2003, with an initial paid-up capital stock of P75 Million and P25 Million contributed surplus. On 25 November 2004, the Insurance Commission granted Caritas Life its Certificate of Authority to operate as a Life Insurance Company. As of 31 December 2015, Caritas Life’s Paid-up Capital and Contributed Surplus have been increased to P601 Million and P200 Million, respectively, solidifying its present total Net Worth of over P1.1 Billion.

Caritas Life offers Individual and Group Insurance products. It underwrites the insurance portfolio of several groups including Caritas Health Shield and Caritas Financial Plans. Caritas Life has released more than P400 Million in aggregate insurance benefits as of December 2015.

Caritas Life is a 100% subsidiary of Caritas Health Shield, Inc., the umbrella organization of the Caritas Companies. From its modest beginnings in 1995, Caritas Health Shield now ranks as one of the country’s top providers of personalized health care services. With an asset base of over P8.1 Billion as of yearend 2014, Caritas Health Shield confidently provides customer-friendly medical services for all its privileged and ever-growing number of members.



Philam Equitable Life Assurance Company, Inc.

The Complete List Of Life Insurance Companies In The Philippines

Philam  Equitable  Life  Assurance  Company,  Inc.  (PELAC)was  a  bancassurance  venture with  Equitable  Bank  (which  was  later  merged  into  Banco  De  Oro).  Banco  De  Oro  has  a partnership  with  Generali  which  resultedto  a  compromise  where  insurance  selling  in  BDO  will be divided between Generali and Philam Life. Philam Life later purchased the 5% share of BDO, and is now 100% owned by Philam Life. Management is still keeping the company for a future Sales and Marketing purpose which is still under study.




PFirst Life Financial Company, Inc. (Formerly: First Guarantee Life Assurance Co.-as of 2007 )

The Complete List Of Life Insurance Companies In The Philippines

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.



Philippines lnternational Life Insurance Company, Inc.

The Complete List Of Life Insurance Companies In The Philippines
Philippines International Life Insurance Company Inc. (PHILINTER) offers the best kind of Insurance protection for your particular need. For fifty nine (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.



East West Ageas Life Insurance Corporation

The Complete List Of Life Insurance Companies In The Philippines

EastWest Ageas Life Insurance Corporation (EastWest Ageas Life), a joint venture of EastWest, one of the country’s fastest growing universal banks, and Ageas Insurance International NV (Ageas), an international insurance group based in Belgium with a heritage of more than 190 years, was recently granted a life insurance license by the Insurance Commission.

In May of last year (2015), EastWest and Ageas signed a joint venture (JV) agreement with an equal shareholding of 50 percent each in EastWest Ageas Life.
Website: www.ageas.com




Philippine AXA Life Insurance Corporation

The Complete List Of Life Insurance Companies Of The Philippines

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
Website: www.axa.com.ph




Fortune Life Insurance Company, Inc.

The Complete List Of Life Insurance Companies In The Philippines

Fortune Life Insurance Co., Inc. was founded on December 8, 1984 , amid an intimidating atmosphere of economic uncertainties. But the Company faced these daunting challenges head-on as it envisioned itself as being one of the leaders in the life insurance business. With the passion and determination of an emerging leader, backed by substantial financial capital, dedicated professionals and highly trained salesforce, Fortune Life turned its vision into reality. Fortune Life has earned itself a distinguished place among the top ranking insurance firms and most importantly, a special place in the heart of the insuring public. At present, the Company continues to develop programs that concentrate on customers' needs and promote a service-oriented culture. Its constant development and innovation of its products is a manifestation of its sensitivity to the growing and evolving needs of clients. In a tough industry that is life insurance, Fortune Life clings to its competitive edge - the commitment to deliver on its promise of securing your tomorrow today.




National Life Insurance Company of the Philippines

The Complete List Of Life Insurance Companies In The Philippines


The National Life Insurance Company of the Philippines is a government-owned founded in 1933, registered by the Securities and Exchange Commission on August 1 the same year. Its operations lasted until November 5, 1975. The company was sold to 6762 Holdings Corporation.





Life Assurance Company, Inc. (Formerly: Generali Pilipinas Life Assurance Company, Inc.-as of 30 June 2016 )

The Complete List Of Life Insurance Companies In the Philippines
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.



Sun Life Grepa Financial, Inc.

The Complete List Of Life Insurance Companies In The Philippines

Sun Life Grepa is formerly known as Grepalife Financial, the flagship life insurance firm of YGC. Established in 1954, it has evolved to be one of the industry's leaders with its daring innovations that have now become industry standards. Grepalife Financial was the first local insurance firm to pioneer the installment life concept, group credit, and pre-need company. It also introduced the salary savings/ salary deduction plan which allowed public servants and ordinary employees to pay for their policies. Carrying its original mandate to bring the benefits of life insurance to those who needed it most – the underpaid and the rural folk – Grepalife Financial sought to find greater ways to give more Filipinos access to life insurance. With the joint venture between Sun Life and YGC, a part of Grepalife's name was incorporated in the new entity name, Sun Life Grepa.




Life of Canada (Philippines), Inc.

The Complete List Of Life Insurance Companies In The Philippines

At the outbreak of the Second World War, Sun Life Philippines was forced to suspend its operations. Nevertheless, the company maintained underground operations to support its clientele. By the end of the war, everyone started rebuilding and true to its commitment, Sun Life Philippines paid a total of US$2.175 Million worth of death claims, matured endowment settlements, and cash surrender value to its surviving clients. As post war recovery goes full swing, Sun Life Philippines boasted continuous growth with an increase in assets and investments, while protecting the future of more Filipinos.

The 1970s coincided with the 75th Anniversary of Sun Life in the Philippines. It was also during this time that Sun Life Philippines ranked No. 1 in terms of income with ₱14.9 Million worth of earnings. Two new business centers were opened; one for Metro Manila and another for Manila Provincial, which should further boost sales and serve more clients. Although the company’s sales force was quite small compared to its competitors, it became one of the top players in the insurance industry in the entire region.




FWD Life Insurance Corporation

The Complete List Of Life Insurance Companies In The Philippines
From Hong Kong and Macau, Thailand, Indonesia, Singapore, Vietnam, Japan, and Malaysia, FWD is breathing new life into the insurance industry especially in the Philippines where they continue to expand their product offerings ranging from premium life insurance to wealth and financial planning services. FWD is focused on creating fresh customer experiences with easy-to-understand products, supported by leading digital technologies. Through this customer-led approach, FWD will achieve its vision to become the leading pan-Asian insurer that changes the way people feel about insurance.




Philippine Life Financial Assurance Corporation (Formerly: Asian Life Financial Assurance Corporation)

The Complete List Of Life Insurance Companies In The Philippines

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.



Cooperative Insurance System of the Philippines

The Complete List Of Life Insurance Companies In The Philippines
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. It was registered on April 5, 1975 with the Department of Local Government and Community Development under P.D. 175. It is operating nationwide with 8 area offices, insuring mostly the underprivileged and farmers of the country. It is being regulated by two Government Agencies; the Insurance Commission (IC) and the Cooperative Development Authority(CDA). To date, CISP has more than 2,000 cooperative members and insuring over 700,000 individuals annually.



Manila Bankers Life Insurance Corporation

The Complete List Of Life Insurance In the Philippines
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.