Pre-need Companies in the Philippines Now under Insurance Commission

Pre-need companies in the Philippines are now under the supervision of the Insurance Commission.

The pre-need law was passed in December 2009 and the implementing rules and regulations (IRR) were signed in March 2010.

Visit the website of the Insurance Commission at insurance.gov.ph, and you will see the pre-need code and the IRR already published on the site.

You will also see the list of the 23 pre-need firms under Directory of the IC  home page.  However, the list on the IC was still the list previously prepared by the SEC.

The list includes the 23 pre-need firms that were licensed to sell pre-need plans as of December 2009:

  1. Abundance Providers and Entrepreneurs Corporation (APEC) (formerly Pacific Plans)
  2. AMA Plans
  3. Ayala Plans
  4. Caritas Financial Plans
  5. CityPlans
  6. Cocoplans
  7. Danvil Plans (formerly Berkley International Plans)
  8. Destiny Financial Plans
  9. Eternal Plans
  10. First Country Plans
  11. First Union Plans
  12. Grayline Plans
  13. Himlayang Pilipino Plans
  14. Loyola Plans Consolidated
  15. Manulife Financial Plans
  16. Mercantile Careplans
  17. Paz Memorial Services
  18. Philplans First (formerly Philam Plans)
  19. Provident International Plans
  20. St. Peter Life Plan
  21. Sun Life Financial Plans
  22. Transnational Plans
  23. Trusteeship Plans

The only two changes from the May 2009 list are:

  • the addition of APEC to the list
  • change of name of Philam Plans to Philplans

For those who have complaints, inquiries or claims, you can address them to:

Public Assistance & Information Division

523-8461 to 70 local 102, 103, 105

pubassist@insurance.gov.ph

32 Comments

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  1. Hi! I wonder how to get in touch with Danvil plan, used to be Berkeley. Planning to go home December 2013 and hopefully I can get some money from them. Some of my plans reach the maturity already. Thank u so much.

  2. Hi Yolanda, sorry I don’t know. The TPG case is in the Makati Regional Trial Court Branch 149. You can file a complaint with the Insurance Commission.

  3. hello i would like to ask if how to claim my money
    that i supposed i hopefully claim from grayline plans thanks!

  4. Hi zilpah, sad to say, Grayline is already bankrupt. You can file your complaint with the Insurance Commission at U.N. pero hindi ko alam kung meron pang asset ang Grayline.

  5. Good afternoon. I would like to inquire status of Eduplan Phils. According to them they are under Insurance Commission already. Can i still claim the educational plans that are still not paid to me? How long will I wait for it?

    Thank you.

  6. Gud afternoon i would like to know about my refundble of my policy in Danvil Plans Inc.How long can i wait for the result of my own money to refund co’z i need it badly.So please i’m begging you

  7. Hi Edith, yes, in business pa ang Eternal Plans. Phone: 706-3740 to 47 / 706-3563
    Website: eternalplans.net.ph
    Facebook: facebook.com/pages/EternalPlansInc/167560509944157

  8. i,m a holder of life insurance policy from PRYCE insurance company. They promised they will return my money after their insurance group failed to honor their obligation.To this date still no information when they can refund the money.I want to know if PRYCE is under the INSURANCE commission now? What is the procedure now how we can get back my money
    thank you very much
    S. RACASA

  9. What is happening sa loyola plans consolidated inc??? Bakit Hindi sila nakakapag bigay ng mga check para sa educ plan? Me prob ba sila? Ano po status nila??? Thanx

  10. What is happening sa loyola plans consolidated inc??? Bakit hindi sila nakakapag release ng mga check para sa educ plan? Me prob ba sila? Ano po status nila??? Thanx

  11. I’m a prime holder of primeplan international corporation educational plan. what should I do? The secretary told me to ask help from the INSURANCE commission. need help.

  12. Hi analiza, Primeplan is one of the many preneed firms that failed. Xerox the main page of your plan (where your name, plan name, amount, maturity dates, etc are written) and write a letter to the Insurance Commission asking help in claiming your benefit. Go to the IC along UN Avenue, and then submit your complaint. Xerox your letter and have it Received, Dated and Signed by the IC.

  13. I am a plan holder of Loyola Educational Plan.Please help me investigate the Loyola Plan had already delinquent payment almost 5 months now. This delayed payment started last year but now it is getting worst. I smell fishy on this and I am afraid the company will just simply closed and non payment to plan holder.

  14. Hi A.S., based on what you said, it’s most likely that Loyola will also go the conservation/liquidation route that other pre-need firms have gone through. There are firms like Danvil Plans which has preserved much of their trust funds. You can email the Insurance Commission: pubassist@insurance.gov.ph Search Facebook, there might be FB groups now by Loyola claimants. Or you can start one.

  15. hi, I’m a planholder of danvil now prudential. pre mature this 2015. I wish to know where I can go to claim what I have sacrificed for, for my child’s college education. He’s now graduated from high school, and I need money for enrollment.

  16. I wonder if you could help my niece ANALIZA ARIBUABO claim her lUMP SUM BENEFIT from Prime Plan International Corporation. Maturity date was January 5, 2013. We are from Ilocos Norte and its really hard for us to come to Makati to claim the benefit amounting to 10,000.00 only. I hope you could help us. Thank you very much.

  17. Hi Marylou, I’m very sad to say, Prime Plan was among 46 pre-need firms that were placed into conservation or liquidation by the Insurance Commission in 2012 to 2013. This means these firms became bankrupt before 2012. Email pubassist@insurance.gov.ph and write about your concern.

  18. Hi, Im a plan holder of Loyola Consolidated Inc. and i have two plans with them. One matured two years ago and the other one this year. Just want to know the real status of Loyola why they cant give a definite answer on when can i receive my plan benefit. At first they released it after a month but this year no definite answer on to when can i get them. Any action taken by IC on this matter? Please help us, it’s for our childrens education. Thank you very much.

  19. Hi , we have 5 plans @ Loyola Plans Consolidated Inc. under my wife’s name. Now one of this plan was already matured last year 2014, other two will mature on 2016 & 2017 and the last 2 we are still paying. For the 1st plan after >35 days of processing time(NOT STATED IN THE CONTRACT) we were be able to get the amount which is due but for this year 2015 we were advised that our due amount will be release on February 2016 which supposedly we will be receiving now. We visited them twice already but no clear answer from the customer service which always told us its their accounting who gave the schedule for the releasing of check . We try to ask if possible to talk to the accounting but they will not allow us. We are now afraid since its our first plan has trouble already and we have 4 plans and what will happens in the future if the will continue to have this ? Need your help as we need the amount for our child tuition fee which need to be paid this last week of August 2015. By the way i send also email to pubassistinsurance.gov.ph about the complain. Hoping your favorable reply.Thanks

  20. Hi Darwin, it’s really gut-wrenching to realize the possibility that the money we worked so hard for will be lost, more so if it will be a total loss. But we hope that Loyola will be just like Danvil which was affected by the financial crisis, but was able to preserve its trust funds. Loyola was even deemed to perform better than Danvil, as it was still on the active pre-need list when Danvil was put on conservation in Oct 2010 and when the IC released its list of failed pre-need firms in Feb 2012. Loyola was even greeted by Pres Aquino on its 45th anniversary in 2013, and Loyola celebrated its 46th anniversary grandly in Oct last year. So it’s surprising that Loyola is no longer in the list of those pre-need firms given the license to operate this year. I hope they just need to comply with some IC requiremdents. I googled Loyola, and I can’t find any recent news regarding its status. So we wait. You can also call the IC at 4041758

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