15 best insurance philippines
15 best insurance philippines

15 Best Insurance in Philippines Review

Now we will discuss about 15 best life insurance companies in the Philippines. Before that, did you know about life insurance?

What is life insurance?

Life insurance is the type of security you want to have.

This is an agreement between you as the policyholder and the insurance company agreeing to pay your heirs a certain amount upon your death.

This is the basic idea of ​​how life insurance works.

However, the benefits and key features vary depending on the type of insurance you get. At the same time, you should know that when it comes to this type of insurance, “the younger you are, the better”.


This is because your premium contribution depends on your age. That means if you start out too old, you’ll likely pay a higher premium than a younger one.

There are several types of life insurance that you can discuss with your advisor, and here are some of them available in the Philippines.

Types of life insurance in the Philippines

Variable Universal Life (VUL)

VUL is life insurance that is both life protection and investment.

This is the type of insurance you’ll want to get if you’re looking for a way to protect yourself and your loved ones while getting your investment at the same time.

Generally, the process is for each premium you pay; part of it is allocated to investments and the rest to your real life insurance premiums.

These are some of the pros and cons.


You hit two birds with one stone. After all, this is investment life insurance.
There is no expiration age, and there is always a set cash value.
The number of deaths is not limited to the initial face value.


Full investment dividends are not always guaranteed.
Depending on the insurance provider, face value and death benefits are always market subjective.
There are several other fees that must be paid.
Your investment amount tends to change daily.

Term insurance

This is the simplest of all existing insurance.

With this insurance, the designated beneficiary receives your death benefit. It’s very simple, no extra notes.


You need a simple policy with low premiums
It is the best choice for policyholders who need insurance but are not interested in paying other fees.


The policyholder does not get any benefits even after the term ends.
Renewing the policy is always more expensive than the original policy.


In this type of policy, the insured’s heirs are given compensation at the time of death or after a number of years.


It’s a good way to save money for college or retirement.
There is a guaranteed amount at the maturity of the policy.


Requires paying a higher premium
This is the least option to choose from if you are looking for a whole life policy

Lifetime Policy

Even if you think that living to be 100 years old is impossible for you, it is better not to give up the idea.

Consider exploring your opportunities with a lifetime policy while you talk to your advisor. In this policy, you are given complete coverage for basically a lifetime.

This offers protection and savings because a portion of your premium has a cash value.


Offers up to 100 years of protection.
It has a fixed premium with flexible payment options.


Complex term
Premiums are more expensive than other types.

15 Best Life Insurance in Philipine

As part of your adult life, it is best to start investing in yourself and your family.

If you’re still not sure where to get your policy, here are the 15 best insurance companies in the Philippines right now, in no particular order.

1. Sun Life

Also known as Sun Life of Canada (Philippines), this insurance company has been known for its various financial products such as insurance, wealth, and asset management since 1985.

Among the products they offer are financial services for education, property maintenance, health protection, income continuation, retirement, and even group life insurance.

2. Pru Life Insurance Corporation United Kingdom

Pru Life was founded in 1848, with locations in most parts of the world.

They are best known for their life insurance products, as well as their health and protection services. In addition, they surpassed the latest New Business Annual Premium Equivalent (NBAPE) of P7,950,610,172.

They outperformed 30 other registered life insurance companies in the country.

3. Life Insurance Philippines AXA, Corp.

AXA was founded in 1962 and has become a major player in the insurance industry.

They also have a wide range of products: education, health, income protection and investment.

4. Philippine American Life and General Insurance Company, Inc.

For most Filipinos, Philamlife is also an established insurance provider in the country.

Founded in 1947 and specialized in life insurance and investment products. So, Some of these include protection plans, health and accidents, savings, education and investments.

In addition, they also have health and financial planning programs for those who are interest.

5. FWD Life Insurance Corporation

FWD Insurance or FWD Life is one of the fastest growing insurance companies in Indonesia.

Launched in 2014, the company is relatively new but currently has the highest paid-up capital.

In addition, FWD allows its clients to manage any insurance policy through its application called Tapp.

For its products and services, this company is not a beginner. Some of the products they are familiar with are life, health and investment products.

Also, the most exclusive offer is a life insurance plan that offers financial protection against terrorist acts.

6. Manulife Indonesia

Manulife means Philippines Life Insurance Company Manufacturer, Inc.

So, It is a financial company known for offering employee retirement and education, investment, health care, and security.

Plus, it offers personal accident insurance plans for employers, students, creditors, and more than any other company.

7. Allianz PNB Life Insurance, Inc.

Like other banks in Indonesia, Allianz Group offers superior investment products through the National Bank of the Philippines.

The association began in 2001 and is now a globally recognize brand in the financial services industry, serving 90 million retail and corporate customers in 70 countries.

8. BDO life assessment. Co., Inc. (Life of Philippine Generals)

Over the years, you may have heard of the Generali Pilipinas insurance provider. This is one of the 15 best insurance companies in the Philippines.

It is also one of the leading insurers in the country, being acquire by BDO Unibank Inc. in 2016, and is currently have list as one of its operating subsidiaries.

9. BPI-Philam Life Assurance Corporation

The BPI-Philamlife company is found in 1933 under the former Ayala Life Assurance Incorporate.

Since then, it has operate as a subsidiary of Philam Life and General Insurance Company, Inc., offering a variety of financial products including savings, investments, education funds, retirement, personal accident, vehicle insurance, income protection.

10. Insular Life Assurance Company, Ltd.

Insular was found in 1910 and is well known in the country for offering retirement savings and education plans, as well as accident, health, disability, payer protection and investment plans for the Philippines.

11. United Coconut Planters Life Assurance Corporation

UCPB Life Assurance Corp was found in 1966. This is one of the 15 best insurance companies in the Philippines.

So, It specializes in life insurance underwriting and offers other financial services for non-life, health and mutual fund products.

12. Caritas Life Insurance Company

This is one of the 15 best insurance companies in the Philippines. Caritas Life Insurance Corporation or CLIC was founded in 2003, but was officially allow to operate as an insurance company in 2004.

So, They currently offer life insurance known as Heart Shield 5 as well as group and personal accident insurance.

13. Life of Fortune

Founded on December 8, 1984, Fortune Life is another well-known life insurance company in the country. So, They are well known for offering personal, group, workplace, and migrant worker insurance.

14. Paramount Life and General Insurance

Paramount was founded in 1950 by Daniel Go. It start as a non-life insurance business. So, but their strong presence in the market pave the way for them to offer life insurance and other types of insurance. This is one of the 15 best insurance companies in the Philippines.

Today, they still offer a variety of products and services focus on living and non-living products and healthcare packages.

15. Cocolife

Cocolife is another insurance company in the country that offers health, life insurance, group insurance and mutual funds. This is one of the 15 best insurance companies in the Philippines.

Key Takeaways

In short, getting life insurance is always an option.

Nothing can make you do it unless you decide to get it yourself. So, The key here is to first understand that this is important to you and your loved ones.

Investing your money in something that will give you more returns in the long run is always a wise choice. It’s just a matter of how well you accept that fact.

So if you’re looking for some unsolicited advice? So immediately get life insurance right now.

After all, it is also a way to move towards financial independence. So, It’s like making a decision for your business or any other investment you want to test. Do not be afraid and reach even greater heights.

Here are the 15 best insurance companies in the Philippines right now

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