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, 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


Add a Comment
  1. Hi Nora. I am a victim of APEC Plan’s rehabilitation exercise. My first question is how can the court allowed this? Favoring the rich and mighty and leaving the victims with their hard earned money lost just like a day-light robbery? I took an educational plan from Pacific Plans (now Apec Plans) almost 20 years ago. It matured in January 2014, before they went to the court in Aug or Sept 2014. The benefit is P100k per semester with 30% yearly increase up to the 4th year. Plus, starter allowance equivalent to the preneed value of P300k++. Approximately a total of P1.3M of benefit. Apec only offers a settlement of P98k!!! What an utter contempt! Can I have your advise how best to proceed? I am living outside the Phil, do u know if this court decision is appealed. Also, do u know if there are people pursuing legal action? Thanks for your advise.

  2. Hi Luz, yes, these pre-need failures are really frustrating and make us angry. And to think that Pacific Plans was founded by the owners of RCBC. Sorry I’m not so updated about Pacific Plans, but I’ll email you copies of info that I’ve read.

  3. Ano na po kaya status ng The Professional Group? May PhP 100,000 benefit po ako na hanggang ngayon di ko makuha dahil may kaso daw po sila.

  4. Hello po, we purchased preneed plan at Philam. I am inquiring if the company still exist and in good standing. Also, we filed claim for Danvil Plans, we do not have the 5 pages contrAct provision but we have the certificate of full payment. Will this be an issue?

    Thank you for your help.

  5. Hi Jovita, yes, Philam still exists, and it’s one of the biggest and most stable insurance companies. Pero i-check mo ang plan mo kung Philam Life or Philam Plans. Kasi kung Philam Plans, nag-iba na ang name niya. PhilPlans First na. Hotline No.: 802-7202. Andiyan pa yong Philam Life, pero ibenenta niya ang Philam Plans sa owners ng STI, hospitals and other businesses.
    About Danvil, it’s good that you have the cert of full payment. If you lost the plan documents, you need to submit an Affidavit of Loss

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