Top 10 Life Insurance Companies in Philippines 2024 – Ranking & Update

Top 10 Life Insurance Companies in PhilippinesTop 10 Life Insurance Companies in Philippines

Top 10 Life Insurance Companies in Philippines

Discover the leading Top 10 Life Insurance Companies in Philippines 2024 with our ranking. Stay informed with the latest updates on policy offerings, customer satisfaction, and financial stability.

Top 10 Life Insurance Companies in Philippines 2024

  1. Manulife

The Manufacturers Life Insurance Co. (Phils.), Inc. (also known as Manulife Philippines) is a subsidiary of Manulife Financial Corporation, one of the largest insurance companies in the world. With headquarters in Canada, we are proud to take care of the financial and protection needs of more than 28 million customers worldwide, providing a wide range of insurance, investment, wealth management and financial planning services.

At the end of 2019, we had more than 35,000 employees, over 98,000 agents, and thousands of distribution partners, serving almost 30 million customers. As of December 31, 2019, we had $1.2 trillion (US$0.9 trillion) in assets under management and administration, and in the previous 12 months we made $29.7 billion in payments to our customers.

Service

File a claim

Check policy details

Read FAQs

Contact no:+632 8884 7000

Address:10th Floor NEX Tower, 6786 Ayala Avenue, Makati City, 1229

Website:https://www.manulife.com.ph

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  1. Malayan Insurance

Malayan Insurance Co., Inc. is the leading non-life insurance company in the Philippines. Founded in 1930, Malayan offers its client and the public guaranteed peace of mind through service excellence, quality insurance protection, and the prompt processing and settlement of just and valid claims.

Service

Camille

Customer Service Center

Payment Options

Contact no:(632) 8-628-8600

Address:4F YUCHENGCO TOWER I 484 QUINTIN PAREDES ST. BINONDO, MANILA

Website:https://www.malayan.com

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  1. First Life Financial

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.

Service

Traditional Plans

Variable Plans

Downloadable Forms

Glossary of Terms

Contact no:(02) 8893-3024

Address:174 Salcedo Street, Legaspi Village, 1229 Makati City, Philippines

Website:https://firstlife.com.ph

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  1. Pru Life UK

Pru Life UK and Prudential plc are not affiliated with Prudential Financial, Inc. of the United States, Prudential Assurance Company (a subsidiary of M&G plc, a company incorporated in the United Kingdom), Philippine Prudential Life Insurance Company Inc., Prudentialife Plans, Inc. or Prudential Guarantee and Assurance, Inc. (all Philippine-registered companies). Pru Life UK is a life insurance company and is not engaged in the business of selling pre-need plans.

Service

Premium payment facilities

Downloadable forms

Policy FAQs

Contact no:(632) 8683 9000

Address:9/F Uptown Place Tower 1

1 East 11th Drive, Uptown Bonifacio, Taguig City 1634, Philippines

Website:https://www.prulifeuk.com.ph

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  1. Paramount Life & General Insurance

The company started its non-life insurance business as Paramount Insurance & Surety Corporation, quickly establishing a strong market presence in the small-medium retail business segment. Guided by experienced management and staff, Paramount quickly became known as the Bayad Agad™ company for its quick claims settlement.The company started its non-life insurance business as Paramount Insurance & Surety Corporation, quickly establishing a strong market presence in the small-medium retail business segment. Guided by experienced management and staff, Paramount quickly became known as the Bayad Agad™ company for its quick claims settlement.

Service

Life Planning Partner

Payment Options

How to File a Claim

Form & FAQ

Items For Sale/Bidding

Contact no:+632 8 772 9200

Address:14th & 15th Floor Sage House

110 V.A. Rufino St. Legaspi Village

Makati City, Philippines

Website:https://www.paramount.com.ph

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  1. BenLife

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).

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.

Service

Regular/Individual Insurance

Salary Savings

Group Insurance

Special Markets

Contact no:+63(02)8818-8671

Address:BenLife Building, 166 Salcedo St.

Legaspi Village, Makati City,

1229 PO Box 1903

Website:https://www.benlife.com.ph

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  1. FWD

At FWD, we don’t think insurance should stop at peace-of-mind. We think it should reassure that you’ve got a trusted partner who’s there if you need us. Meaning you can transform those small moments into big reasons to celebrate living.

FWD is focused on creating fresh customer experiences, with easy-to-understand products, supported by digital technology. Through this customer-led approach, FWD aims to become a leading pan-Asian insurer that changes the way people feel about insurance.

Service

Life Protection

Health Protection

Investments

Contact no:+632 8888 8388

Address:19/F & 9/F W Avenue Building 5th Avenue corner 32nd Street, Bonifacio Global City, Taguig City 1634, Taguig City, 1634

Website:https://www.fwd.com.ph

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  1. Pioneer

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.

Service

Individual Life Insurance and Investment

Travel

Health

Insurance for Groups or Employees

General Accident

Contact no:+63 2 8812 7777

Address:108 Paseo de Roxas, Legaspi Village

Makati City 1229, Philippines

Website:https://www.pioneer.com.ph

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  1. United Insurance Company, Inc. (UIC)

United Insurance Company, Inc. (UIC) was founded in 1951 by one of the industry’s pioneer YANG WEN YING who engaged in the business of fire, marine, casualty and surety insurance. The company’s first Chairman, MR. JOSE OLBES is a prominent insurance man and was also the former President of Insular Life Assurance Corp., Ltd. He still continues to act as an Honorary Chairman of the company.

UIC is moving forward and maintains to be led by people who are competent, accomplished, successful and among the best in the whole insurance industry. At present, its Chairman is MR. ANGEL GABRIEL, who was the former President of Universal Reinsurance Corporation, and its Vice Chairman and Chief Executive Officer is MR. PHILIP YANG SR.

Service

Motor Vehicle Insurance

Fire Insurance

Marine Insurance

Miscellaneous Insurance

Surety Bonds

Contact no:241 4201; 241 0294, 241 2554 to 58

Address:5th and 6th Floor Federal Tower, Dasmariñas Street Corner Muelle De Binondo, Binondo Manila

Website:http://www.unitedins.com.ph

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  1. AXA

Established in 1999, AXA Philippines is one of the largest and fastest growing insurance companies in the country. It offers financial security to 1.3 million individuals through its group and individual life insurance as well as general insurance products through its wholly-owned subsidiary Charter Ping An.

AXA Philippines is one of the first to introduce bancassurance operations in the country, and is among the pioneers in the investment-linked insurance sector.

Service

Payment

Auto-pay-Enrollment

Forms

FAQs

Promos

Contact no:(+632) 8 5815292, (+63) 917 1709292 (Globe), (+63) 998 5889292 (Smart)

Address:34th Floor GT Tower, Ayala Ave. corner H.V. Dela Costa, Makati City, Philippines

Website:https://www.axa.com.ph

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