Top 10 Insurance Companies Names In The Philippines [2023]

Top 10 Insurance Companies Names In The Philippines

Philam Life, short for Philippine American Life and General Insurance Company, is the country’s largest life insurance provider. It was established in 1947 as a joint venture between American International Group (AIG) and the Ayala Corporation, one of the Philippines’ oldest and most prominent companies.

Philam Life is a diversified insurance and financial services provider offering various policies including life, health, retirement, and investment protection. It has a network of over 8,000 agents and employees and maintains partnerships with banks and other financial organizations. Philam Life’s mission is to help its customers realize their financial dreams by offering them comprehensive protection and guidance.

Sun Life of Canada Philippines Insurance Company:

Sun Life of Canada (Philippines), Inc. is the country’s preeminent insurer, offering a wide range of protection plans and other financial services. It’s a piece of the Canadian-based financial services giant Sun Life Financial, which has offices across the world. Sun Life Philippines was established in 1895, making it one of the country’s oldest life insurance agencies.

It provides a variety of insurance options, such as life, health, and accident coverage that may or may not be connected to investments. Sun Life Philippines, which has connections to banks and other financial institutions, employs around 10,000 people as counselors and personnel. Its mission is to help its customers achieve long-term financial security and improve their health.

Pru Life Insurance Company:

Pru Life Insurance Corporation of the United Kingdom is a subsidiary of the international Prudential Group that offers life insurance in the Philippines. Since its inception in 1996, it has expanded the types of insurance, retirement programs, and health care coverage it provides.

Pru Life’s state-of-the-art offerings include the mutual fund family known as PRULink Funds, which gives investors access to a wide range of potential returns and risks. The company has a network of over 20,000 agents and employees, in addition to partnerships with banks and other financial organizations. Pru Life’s mission is to provide its customers with peace of mind by providing them with tailored advice and solutions to help them achieve their long-term financial goals.

BPI-Philam Life Assurance Corporation:

BPI-Philam Life Assurance Corporation is a life insurance business in the Philippines that was created via a partnership between the Bank of the Philippine Islands (BPI) and Philam Life, the largest insurance company in the country. In 2010, it only offered health insurance; now, it offers a variety of insurance plans and investment-related products.

One of BPI-Philam’s numerous innovative services, Bancassurance, allows the bank’s customers to purchase insurance coverage without leaving the convenience of their own bank. The company has more than 800 employees and advisors, and it collaborates with other institutions. BPI-Philam offers insurance and investment services that are intended to protect customers’ assets and direct them toward their long-term financial goals.

AXA Philippines:

A component of the international AXA Group, AXA Philippines offers life insurance to Filipinos. Since its inception in 1999, it has expanded the types of services it provides by adding insurance policies for life, health, accidents, and investments. Health Start, offered by industry-leader AXA Philippines, provides comprehensive medical coverage for individuals and families.

The company has more than 4,000 employees and financial advisors, and it has connections to several banks and other financial organizations. AXA Philippines’ mission is to provide its customers with peace of mind by providing them with tailored advice and solutions to help them achieve their long-term financial goals. AXA Philippines is committed to being a good corporate citizen and contributing to social and environmental causes in the communities it serves.

Manulife Philippines:

Manulife Philippines is a life insurance company based in the Philippines and a subsidiary of the Canadian-based Manulife Financial Corporation. Life insurance, health insurance, accident insurance, and investment-related products have been added to the catalog since the company’s inception in 1907. Health Choice, provided by Manulife Philippines, is one example of the company’s innovative products and services; it provides customized health insurance plans for individuals and families.

In addition to its partnerships with banks and other financial institutions, the business also employs and maintains a workforce of over 7,000 financial advisors. Manulife Philippines’ mission is to provide its customers with peace of mind and help them achieve their financial goals over the long term via tailored advice and solutions. The company is committed to making a positive impact on the neighborhoods it serves via a variety of corporate social responsibility initiatives.

Insular Life Assurance Company:

Life insurance has been provided by the Philippine-based Insular Life Assurance Company, Ltd. since its founding in 1910. Retirement plans, investment-linked products, life insurance, and health insurance are just some of the financial services it offers. Insular Life provides a variety of innovative and customer-focused products and services, including Prime Care, which provides comprehensive health coverage for individuals and families.

The group includes about 3,000 employees and financial advisors, in addition to partnerships with banks and other financial organizations. Insular Life’s mission is to provide its customers with peace of mind by providing them with the personalized assistance and solutions they need to meet their long-term financial goals. The company is committed to helping the communities it serves via its involvement in social and environmental initiatives.

The Manufacturers Life Insurance Co:

The Manufacturers Life Insurance Co. (Phils. ), Inc., or Manulife Philippines for short, is a Philippine-based life insurance company and a wholly owned subsidiary of the Canadian-based Manulife Financial Corporation. Life insurance, health insurance, accident insurance, and investment-related products have been added to the catalog since the company’s inception in 1907.

Health Choice, provided by Manulife Philippines, is one example of the company’s innovative products and services; it provides customized health insurance plans for individuals and families. In addition to its partnerships with banks and other financial institutions, the business also employs and maintains a workforce of over 7,000 financial advisors. Manulife Philippines’ mission is to provide its customers with peace of mind and help them achieve their financial goals over the long term via tailored advice and solutions. The company is committed to making a positive impact on the neighborhoods it serves via a variety of corporate social responsibility initiatives.

Allianz PNB Life Insurance:

Allianz PNB Life Insurance, Inc. is a life insurance company in the Philippines that was founded as a joint venture between Philippine National Bank (PNB), a significant bank in the nation, and Allianz SE, a global leader in insurance and financial services. It offers a wide variety of insurance and financial services, including life, health, and accident insurance as well as investment-related products.

One of the many innovative and customer-focused offerings from Allianz PNB is FirstLife Protect, a life insurance plan tailored to the specific needs of individuals and families. The company has more than a thousand employees and financial advisors, and it has connections to several banks and other financial organizations. Allianz PNB’s mission is to provide its customers with peace of mind by providing them with tailored advice and solutions to help them achieve their long-term financial goals.

FWD Life Insurance Corporation:

FWD Life Insurance Corporation is the Philippine branch of the FWD Group, one of the most rapidly expanding insurance conglomerates in Asia. Since it first opened for business in the Philippines in 2014, its offerings have expanded to include investment-linked products in addition to traditional insurance policies. Set for Tomorrow, a kind of life insurance offered by FWD Life is well-known for being state-of-the-art and customer-centric.

The company has more than a thousand employees and financial advisors, and it has connections to several banks and other financial organizations. FWD Life’s mission is to provide its customers with peace of mind and help them achieve their long-term financial goals via customized advice and solutions. The company is committed to helping the communities it serves via its involvement in social and environmental initiatives.

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