Top insurance company in Philippines

The top insurance companies in Philippines is the financial institution that provides a number of insurance policies in order to provide individuals and businesses protection against the risk of financial losses in exchange for premiums regular payment.

In order to pay regular claims, insurance company in Philippines use the premiums they collect to produce additional income and benefit through the investment of their funds into financial securities.

An insurance company providing insurance for losses, damages, disability, care or difficulties in exchange for premium payments, in the form of support. 

Insurance provides the financial safety net that helps care about self. The importance of insurance is increasing in a long-term plan.Let’s look at the importance of insurance company:

Importance of insurance company

Ensures security and safety:

Insurance company in Philippines supports financially and reduces business and human life uncertainties. This ensures security and safety against specific events. Fear of sudden loss always exists. The insurance covers any unexpected injuries.

Financial assistance is given to the insured family on death in the event of life insurance. In the event of other insurance coverage for fire, shipping, disaster, etc. damages shall be provided.

Encourages economic growth:

Insurance is far more than the monthly premium payments that consumers and companies are required to pay. The insurance sector as a whole is an important theme in the structure of a strong economy. Insurance company helps our economy and genuinely dreams of ownership.

Such investments also funding building construction and providing other critical support for economic development projects across the country through stock, corporate and government bonds and real estate mortgages.

To be financially secure:

Everything can disappear very quickly no matter what your financial position is today. Insurance company offers a benefit so that if an unforeseen event occurs then you and your friends can potentially continue to make progress.

Top 15 Insurance Companies in Philippines

Note: This is not ranking, just listing!

1. AXA Philippines

AXA Philippines, which provides financial coverage of more than a million people through group and specific insurance policies, is one of the country’s biggest insurance companies in Philippines and most rising life insurance firms.

Address: 34th Floor GT Tower, Ayala Ave. corner H.V. Dela Costa, Makati City, Philippines
Phone: (+63) 917 1709292 , (+63) 998 5889292

2. Sun Life of Canada (Philippines). inc

As a leading Canadian-based financial company, it contributes to varied insurance, pension and savings services and products to meet the various needs of both personal and corporate customers worldwide.

A wide range of insurance, investment and asset management services are provided by Sun Life Financial, in the Philippines, to help every Filipino to live better.

Address: 2/F, Tower 2, Enterprise Center 6766 Ayala Avenue Corner Paseo de Roxas Makati City 1200, Taguig, Philippines
Phone: (632) 8849-9888

3. Pru life Insurance Corporation of the UK (Philippines). inc

Pru Life UK is the pioneer and leader in a unit or investment-related life insurance products and is one of the first life insurance companies in Philippines to have been approved in the country for dollar-denominated unit policies.

Address: 9/F Uptown Place Tower 1, 1 East 11th Drive, Uptown Bonifacio, 1634 Taguig City, Philippines
Phone: (632) 8683 9000, (632) 8884 8484

4. Cocolife Insurance Company Philippines

Their aim is to provide a complete range of value-added insurance products and services that allow people to achieve financial security and achieve their goals and help build a stable Philippines.

Address: COCOLIFE Building 6807 Ayala Avenue Makati City
Phone: (02) 8 810-7888

5. Insular Life Assurance Company, Ltd

It is a cooperative life insurance company and is commonly known as Insular Life, under its trade name. It’s the first Philippines life insurance companies in Philippines.

This provides life, medical and pension insurance plans to individuals and groups. The company offers allied financial services, including general insurance, banking, healthcare, lending and investing through its subsidiaries and affiliate companies. 

Address: Corporate Ave, Alabang, Muntinlupa, 1781 Metro Manila, Philippines
Phone: (632) 8-582-1818

6. Manulife Philippines

Manulife Philippines is a life insurance company in the Philippines a leading financial enterprise, a strategic alliance among the Philippines.Being the country’s largest life insurance company by making it available, affordable and customized for all Philippines.

Address: 10th Floor NEX Tower, 6786 Ayala Avenue, Makati City, 1229
Phone: (02) 884-7000

7. Allianz PNB Life Insurance, Inc

Companies were a services provider of Variable Life goods, followed by a complete range of private and corporate life security services.Products and services are built to fulfill the financial plan for every Filipino family’s lifespan, the accumulation of wealth and their well-being.

Address: 9th Floor, Allied Bank Center, 6754 Ayala Ave, Legazpi Village, Makati, 1229 Metro Manila, Philippines
Phone: +63 2 8818 5433

8. Manulife Chinabank Life Assce. Corp.

Manulife Chinabank strives to provide effective and forward-looking approaches for different financial requirements of Filipino communities. We work to find the best outcomes to help you reach your goals and ambitions if you really need assistance to ensure your child’s future, your pension or merely to make money.

Phone: (+63) 908-896-8278

9. BDO Life Assce. Co. Inc

BDO is a single Philippines Full Service Trust. It offers the full range of products and services that are industry leaders, including credit cards, corporate cash management and transactions in the Philippines, including savings, foreign exchange, trading, confidence and investment. 

The Bank provides services in investment banking, private banking, lending and borrowing, retail banking, life insurance, insurance agency and portfolio courier services through its regional entities.

Address: BDO Corporate Center, 7899 Makati Avenue, Makati City, Metro Manila, Philippines
Phone: (632) 8885-4110

10. BPI-Philam Life Assurance Corp., Inc.

The Philipino American Life Corporation, and the Philippines Insurance Company (Philam Life) and the Bank of the Philippines (BPI), are the two leading financial firms in the Philippines. Being the nation’s leading life insurance company by making insurance available for every Filipino, affordable and customized.

Address: 6811 Ayala Ave, Makati, 1226 Metro Manila, Philippines
Phone: +63 2 89100

11. Philippine American Life & Gen. Ins.Co.

Cornelius Vander Starr, the founder of AIG, and Earl Carroll, his partner, founded Philam Life in 1947. Although it is a relatively new insurance company in the Philippines it quickly became the Philippines ‘ number one insurance company by 1949.

Since then, it has been awarded many awards, including the Asian Management Award for General Directors, the Asian Management Award for Financial Management and the Reader’s Digest Platinum Trusted Brand Award. It also received the Presidential Citation from the Government of the Philippines in 1994 for “the valuable contribution that the company makes to national development and to serving the country.”.

Address: 15-18F Net Lima Building 5th Avenue corner 26th Street Bonifacio Global City, Taguig Metro Manila, Philippines 1634
Phone: (02) 8 528 2000

12. Malayan Insurance Company

Malayan gives its consumers and the community a secure atmosphere that guarantees operational excellence, reliability reporting and the fair and appropriate treatment of complaints.

Address: 4F YUCHENGCO TOWER I 484 QUINTIN PAREDES ST. BINONDO, MANILA
Phone: (632) 8628-8-628

13. Commonwealth Insurance Company

Since the start of the new management and ownership, CIC had outperformed and outperformed most of its rivals. He is one of the famous and respected insurance leaders today. The CIC, together with leasing and financial institutions of our country, has been properly accredited by almost all national, industrial, growth and spark and rural banks.

Address: 10th & 12th Floor BDO Plaza 8737 Paseo de Roxas, Makati City, Metro Manila, Philippines 1226
Phone: (02) 818-7626

14. Pioneer Insurance Company

Pioneer was founded in 1965 with a fruitful five-year partnership in the form of a Pioneer Allianz with Allianz AG of Germany. In the wake of the 2003 Joint Undertaking, a 100% Philippine-owned company was decided. A major player in the industry, Pioneer Life Inc. continues to grow with a record number of Million Dollar round table qualifications.

Address: 108 Paseo de Roxas, Legaspi Village Makati City 1229, Philippines
Phone: +63 2 8812 7777

15. Sun Life Grepa Financial, Inc.

The Yuchengco Group of Companies (YGC) is a co-entreprise of Sun Life Financial Philippines (Sun Life). Sun Life Grepa Insurance, Inc. Through its business, banking and Group account networks, Sun Life Grepa provide financial security services.

Phone: +63 88 272 5242