Here are the top 22 life insurance companies in the Philippines, based on total assets as of December 31, 2011, as published on the website of the Insurance Commission. These 22 life insurance companies all posted total assets of more than one billion pesos as of December 2011. The rest of the companies in the insurance industry posted less than one billion pesos in total assets.
| Life Insurance Company | Assets in BILLION PESOS |
| as of Dec 2011 | |
| 1. Philam Life & Gen | 141.407 |
| 2. Sun Life | 96.712 |
| 3. Insular Life | 78.984 |
| 4. Philippine AXA | 37.489 |
| 5. Manulife (Phils.) | 32.612 |
| 6. Pru Life Insurance | 30.468 |
| 7. Ayala Life-BPI Philam | 25.460 |
| 8. Great Pacific Life | 16.984 |
| 9. United Coconut Planters | 16.636 |
| 10. Generali Pilipinas Life | 9.760 |
| 11. Manulife (Branch) | 5.871 |
| 12. PNB Life | 5.536 |
| 13. Pioneer Life | 4.860 |
| 14. Manulife Chinabank Life | 3.920 |
| 15. Beneficial Life | 3.821 |
| 16. First Life Financial | 3.237 |
| 17. Philam Equitable | 2.769 |
| 18. Fortune Life | 2.337 |
| 19. Paramount Life & Gen. | 2.158 |
| 20. Sony Life | 1.621 |
| 21. AsianLife & Gen. | 1.381 |
| 22. AsianLife Financial | 1.186 |
| Life Insurance Company | in MILLION PESOS |
| 23. Caritas Life | 918.404 |
| 24. United Life | 784.865 |
| 25. Country Bankers Life | 748.640 |
| 26. Phil. Prudential | 745.908 |
| 27. Coop Life (CLIMBS) | 668.091 |
| 28. Great Life Financial | 643.170 |
| 29. Phil. International | 615.723 |
| 30. BF Life | 440.585 |
| 31. CAP Life | 225.797 |
| 32. Manila Bankers | 221.906 |
| 33. Banc Life | 191.737 |
| 34. CISP | 179.723 |
[adsense]
Failed Insurance Companies in the Philippines, Nov 2012
Hi everyone I am Kris Financial Advisor from PhilAm Life…If you want Life , educ, retirement …investments plans..I can help you. My number is 09486840588. Thank you!!
Hi Ma’am Nors, thanks for your opinion. I’m currently working abroad,and when i came home i will apply for life insurance. =)
Hi levi, you can check the term life products of Sun Life, Manulife, Ayala-BPI, Insular Life. But I think the 4-in-one Money Back Reloaded product of Insular Life is good. Philam is still No.1, but I don’t appreciate their sale of Philam Plans to PhilFirst and their sale of their historic UN building to SM. But this is just my opinion 🙂 . best regards
Hi Ma’am Nors, thanks for the info. what company would you recommend for term life insurance?