Top 10 Life insurance in the Philippines

There would be many life insurance companies in the Philippines, many would offer packages and policies that would be similar to one another.

In the end, as long as you choose to buy insurance from is accredited by the Philippine Insurance Commission, it would mean that the company is legitimate and working under the guidelines and rules set by the Commission.

If you are still confused, we made a list to help narrow down the options available to you. This article will focus on the top 10 life insurance companies in the Philippines. They are placed in no particular order, but all would be top-performing companies in the Philippines.

What are the Top 10 Life Insurance Companies in the country today?

Manila Bankers Life Insurance Corporation.

Manila Bankers Life Insurance Corporation or MBLIFE is one of the oldest life insurance companies in the country. It has been around for over five decades. It continues to offer many different types of life insurance packages that would cater to the needs of its clients. They would have a vast array of choices so that all types of clients can be able to get a policy with them.

Philippine AXA Life Insurance Corporation (AXA Philippines).

AXA is one of the fastest-growing life insurance companies in the Philippines. They are still growing because of a tie-up between the AXA Group that is based in France, and the Metropolitan Bank of the Philippines.

BPI PhilAm.

This insurance provider is another result of a bancassurance tie-up, like AXA. This time, BPI PhilAm is a joint effort of the Bank of the Philippine Islands and PhilAm Life. They continue to provide their clients with quality products with customizable riders.

Sun Life of Canada.

Sun Life would provide many products to their clients, two of the most popular ones being Sun Fit and Well under the Traditional Life Insurance bracket and Sun Maxilink under Variable Life Insurance.

PhilAm Life.

Even before it teamed up with BPI, PhilAm life was already one of the leading life insurance companies in the country.

Pru Life Insurance Corporation of UK (Pru Life UK).

Pru Life UK would currently have many insurance products available for their clients. Their top-selling products would be their investment-linked and unit-linked insurance products.

United Coconut Planters Life Assurance Corporation.

It was ranked as one of the top insurance companies based on net worth in 2017. It would also have many insurance products that can be customized according to the needs of their clients.

Manufacturers Life Insurance Company, Inc. (Manulife Philippines).

This insurance company would have personal protection life insurance plans, education, health, and retirement insurance plans among others. They would also offer many riders that can be added to their plans, and customize them based on their individual needs.

Insular Life Assurance Company.

Insular Life has also consistently been ranked as a top provider for life insurance in the country. Their product selection includes retirement, education plans, and VUL investment plans.

FWD Life Insurance Corporation.

This provider is one of the newer ones, but then it has already proven itself to be a quality company that provides quality insurance packages.

If you are in the market now looking for a good insurance company to invest in, choosing any company from this list would assure you of quality services and products. These companies would have their customer service lines, as well as the option to pay online to make payment of premiums easier and more convenient.

When buying insurance, make sure you talk to a licensed financial adviser that is legitimately connected to the company, so that you can make sure that you are getting accurate and up-to-date information.