Lunes, Pebrero 13, 2012

Best Life Insurance Companies in the Philippines 2012

        
    Life insurance is  often ignored by many people.This happens ,maybe , because it talks about death ,which is a sensitive topic.But on the perspective of  a realistic person, death is inevitable and it should be taken care of while there's chance. Moreover, investing in life insurance first impressions mostly have  negative thoughts. Perhaps,you will say,”I don't need it .”But are you sure you don't need it when time comes?


Investing in Life insurance is a smart move one can do for himself and for his family. As a matter of fact, when a person dies ,the whole expenditure will be carried by the bereaved family. So it's helpful to have  an insurance firm  that will cater   burial and interment expenditures.In some  cases,without an insurance the whole family will have financial turmoil and this may result to arguments that will ,eventually, lead to broken  family. This is  why in this hard times being  frugal and versatile  is a great virtue to follow ,and you can start by getting yourself a life insurance.


Here’s a great list of  Billion Worth of  Philippine's  Top Insurance Companies you can choose from.
Remember ,it’s better to be insured than sorry.


1. Philam  Group of Companies The Philippine American Life and General Insurance Company (Philam Life) is the largest life insurance company in the Philippines and the market leader more than 60 years. It's services cater corporate insurance ,and individual services such as Protection,Education,Savings ,Retirement ,Investment ,Health and Critical Illness and OFWs .It has P11.255  Premium Income in Billion Pesos.




2.Sun life started in Canada in 1865, Sun Life is one of the world’s leading financial services companies. Their  headquarters is in Toronto, with their  partners today operate in key markets worldwide including Canada, the United States, the United Kingdom, Ireland, China, Hong Kong, the Philippines, Japan, Korea, Indonesia, India and Singapore.It has 10.633B Premium Income.


3.AXA Philippines is a solid partnership between the Metrobank Group, one of the country’s biggest conglomerates, and the AXA Group, one of the world’s largest financial protection and wealth management companies serving more than 95 million customers in 61 countries.It has P 8.360 B Premium Income.



4.Prulife UK is born in London on May 30th, 1848 at first their mission is provide   loans and life assurance to professionals.After 4 years ,they are tranformed into an institution that offers Industrial Insurance to the general public and developed their own marketing strategy-door to door outreaching for clients.And now,it has more than 20 million customers worldwide and has US$530 (£267) billion worth of funds under management.


5.Insular life was established on November 25, 1910 at a time when the Philippines was flexing its wings as an independent country. Today, as the Philippines' leading and largest Filipino life insurance company, Insular Life prides itself with its role in securing the lives of Filipinos families for close to a century. Its roster of products — from its ordinary whole life, endowment, limited-payment, college education and insurance plans, to pension and investment plans — not only offers the best cost-benefits ratios among insurance plans in the market.It has 7.129 B Premium Income.


6.BPI-Philam Life Assurance Corp (formerly Ayala Life Assurance Inc) is one of the most remarkable confederation between two stellar financial companies in the Philippines. These are The Philippine American Life and General Insurance Company (Philam Life) and Bank of the Philippine Islands (BPI). Philam Life is the biggest life insurance institution in the Philippines and the market leader for over 60 years. BPI is a leading commercial bank in the country with more than three decades of domestic banking .It has large branch network of over than 800 branches and 1,500 ATMs.It has 5.696 Billion Peso Premium Income.




7.Manulife is one of the most stable life insurance companies in the Philippines .They have been conducting business in the country over a century now. Thus,through the years of assets acquisition this international life insurance institution sent its way to the Philippine Stock Exchange (PSE).It has 3.975 Billion Peso Premium Income.




8.Grepalife is another major player in the life insurance industry in the Philippines. It is under the umbrella corporation of Yuchengco Group of Companies (YGC), one of Southeast Asia’s largest conglomerates. In fact , YGC is operating to more than 90 companies around the world. The companies assets revolve on multifaceted commercial enterprises like banking and finance , insurance, automotive dealership, travel and tourism, development and construction, engineering,and IT.It has 3.492 B Premium Income.




9.United Cocolife or COCOLIFE (United Coconut Planters Life Assurance Corporation), the first ISO Certified life insurance company in the Philippines, is the mother  company of the COCOLIFE Group of Companies which provides  a comprehensive  range of insurance and financial services. It has subsidiaries in  non-life business (UCPB General Insurance), pre-need (Cocoplans), mutual funds (United Fund, COCOLIFE Fixed Income Fund), asset management (COCOLIFE Asset Management) and security services (Ultra Security Services, New Ultra, All Nation). It has 2.333 B Premium Income.


10.Generali Pilipinas is the synergy of  three big companies  in 21st century commerce namely Assicurazioni Generali of Italy, the Kuok Group of Malaysia, and the SM Group of the Philippines.It has P1.420 B Premium Income.




11.  Asian Life & Gen.P1.126 B
12.  PNB LifeP1.008 B


Rank   Life Insurance CompanyPremium Income in Million Pesos


13.  Pioneer Life987.749
14.  Manulife Chinabank974.297
15.  Phil. Prudential828.154
16.  Fortune Life743.348
17.  First Life Financial592.584
18.  Beneficial Life536.830
19.  Paramount Life & Gen.501.390
20.  Coop Life Ins. (CLIMBS)345.406
21.  Asian Life Financial243.062
22.  Country Bankers227.449
23.  Cooperative Insurance System (CISP)164.353
24.  Manila Bankers144.358
25.  Philam Equitable119.179
26.  Great Life Financial96.753
27.  Manulife (Branch)89.402
28.  Phil. Interlife86.140
29.  Caritas Life66.123
30.  CAP Life63.408
31.  United Life44.047
32.  Sony Life36.730
33.  Banc Life37.296






Update: Prudential Life Plans Inc  has been recently declared bankrupt.This is the purpose why I wrote this article for the general public to know where  to invest the best life insurance company.For more details you can check for updates at  www.insurance.gov.ph/. 

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38 comments:

  1. Naalis ng may-ari ang komentong ito.

    TumugonBurahin
  2. GREAT DAY EVERYONE!!!

    Of all the " Top 10 Life Insurance Companies in the Philippines", ONLY ONE company has made it to the TOP INSURANCE COMPANIES IN THE WORLD and that is AXA. If you will base it in premiums gathered, of course it will not be in the number 1 spot because AXA just started in the Philippines in the late 90s so if you will compare all the companies, AXA is the youngest among the top insurance companies in the country but mind you, AXA is soaring very fast to the TOP. So think twice, 90's company, AXA or 1880's and so forth old companies that haven't made it to the World's Top. Will you just be satisfied with the top insurance in the country or will you go with the BEST INSURANCE COMPANY/BRAND IN THE WORLD that really started all the innovations in the Philippines which is AXA. "YOU MUST CROSS THE LINE!"

    If you don't believe me. Just google it! http://www.relbanks.com/top-in..., http://www.alltop10list.com/to.... Other local insurance companies know this and admit this fact.

    Ma. Rio Leonardo Miranda

    AXA Financial Advisor

    09158009020

    riomiranda1@yahoo.com

    I have crossed the line with AXA. I hope you are too.

    TumugonBurahin
    Mga Tugon
    1. nice words.
      bear in mind with age comes grace and wisdom.
      in finance, you are more into the volatile market
      while the rest are in for the protection.

      Burahin
  3. Hi! I will be looking forward to visit your page again and for your other posts as well. Thank you for sharing your thoughts about insurance company in your area. I am glad to stop by your site and know more about insurance company. Keep it up! This is a good read.
    In the insurable interest, the insured typically must directly suffer from the loss. Insurable interest must exist whether property insurance or insurance on a person is involved. The concept requires that the insured have a "stake" in the loss or damage to the life or property insured. What that "stake" is will be determined by the kind of insurance involved and the nature of the property ownership or relationship between the persons. The requirement of an insurable interest is what distinguishes insurance from gambling.
    With more than two decades of experience in the Boston insurance industry, we're dedicated to providing the finest services for each and every client and for businesses of all sizes. Not only do we offer a unique personal touch, but our familiarity with you and your needs combined with superior risk management experience will help keep your company secure from the greatest risks.

    Boston Insurance Company

    TumugonBurahin
  4. Just yesterday, S&P downgraded AXA's rating due to its exposure to the euro zone crisis!

    TumugonBurahin
  5. Hi, Philam Life is the largest life insurance company in the Philippines and it has extensive networks and offices nationwide. Philam Life is the only life insurance company to received (8) Platinum Trusted Brand Award by Reader's Digest Asia.

    Anong plano mo? Usap tayo.

    DL; 710-5286
    C; 0916-6858103
    E; natjr@yahoo.com

    TumugonBurahin
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    TumugonBurahin
  7. Hi I'm Kris from PhilAm if want nio po mag invest with insurance ..I can help you just text me through this # 09486840588.

    TumugonBurahin
  8. Thank you for another excellent post. Where else could anyone get that kind of details in such a ideal way of writing? I have a presentation next week, and I am on the search for such information.
    Company Analysis and Country Report

    TumugonBurahin
  9. There is lot of insurance company that is now competing in our society. Even though PPLIC is declared bankrupt, the truth is they are making improvement to their company so they can serve Filipino people in a good way. PPLIC is now an accessible and a trustworthy company in our country.

    TumugonBurahin
  10. nice post. thanks for this. this might come in handy.

    philippine prudential

    TumugonBurahin
  11. we all know that Philippine Prudential Life has been recently declared bankrupt,but they are trying their best to be on the line. They are proving that it is not about how you fail once, but how you stand and be a better company after that fall. :D :D go PPLIC

    TumugonBurahin
  12. Very informative message. As we all know that there is always a solution in every problem. A mistake that we did in the past that we would change it into better in the present. Check out this Philippine Prudential Life

    TumugonBurahin
  13. I agree with Ms Rio Miranda. I am a policy holder of Manulife, Philam life, Prulife and Axa Phils. Of the four insurance companies, the one that gave me a HIGHER ACCOUNT VALUE is AXA PHILS. the rest kahit na 20 years na akong nag contribute, mababa ang aking account value, naunahan pa ng Axa Phils ang increase ng investment ko.

    GO FOR AXA PHILS

    TumugonBurahin
    Mga Tugon
    1. probably the advisors of those respective companies failed to extract the best info from you and so therefore was not able to fully satisfy your need.
      investments are not guaranteed.
      if you can guarantee my invesment 100% i will invest my huge
      chunk of savings with you and your company.

      Burahin
  14. Thanks for the information Try this one PPLIC

    TumugonBurahin
  15. I've enjoyed your post so much! Me and my invisalign dentist finds it really helpful for everybody. Keep sharing!

    TumugonBurahin
  16. the IC is doing is job well with regards to PPIC.
    the insurance industry is healthy and getting healthier here in the philippines as the filipinos are now more open to the idea of insurance. unlike before that it is gross and a taboo to talk about death.

    TumugonBurahin
  17. Naalis ng may-ari ang komentong ito.

    TumugonBurahin
  18. Out of all the different types of life insurance policies there are three main ones. Of these various life insurance policies , decreasing term life insurance is actually the most popular.

    TumugonBurahin
  19. I like the post... very helpful.. do you have other ranking base on other categories like in revenues, member's equity and assets...? thanks.. looking forward for other blogs.. :-)

    TumugonBurahin
  20. Nice post, I bookmark your blog because I found very good information on your blog, Thanks for sharing- more information
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    TumugonBurahin
  21. So many company provide the life insurance. But which one provide the best policy and plans that’s is great.if you want morelife insurance information visit the link.

    TumugonBurahin
  22. Very informative article of manulife follow me plan. I think the most important aspects of the relationship between the client and the financial advisor.

    TumugonBurahin
  23. gandang araw po sa lahat. kumuha din ako ng life insurance sa cocolife and then i decided to withdraw my account dahil meron din akong life insurance dito sa ibang bansa. ang nangyari ignored lang ako ng cocolife then by the time na due na ako sa bayaran saka nila ako pinansin at ang sabi sakin di ko na daw makukuha ung 100k kasi di na daw ako nakahulog. it means napunta lang sa kanila ung 100k ko. wala akong magawa kasi andito ako sa labas ng bansa. i need advise pls. John

    TumugonBurahin
    Mga Tugon
    1. Sayang naman po na mawalan ng P100k. usually po kasi may 30 or 31 days grace period bago mag-lapse ang isang traditional policy. Sa kaso naman ng VUL policy, pwde rin maglapse kung kulang na sa fund value kaya dapat huhulugan pa rin. it's very sad that your needs weren't responded so soon by your life insurance company. pero baka pwde pa mare-instate yung policy nyo w/in 3 yrs. mula naglapse. dapat po kasi inaaksyonan agad mga bagay na ganito kasi importante yung panahon sa paghahandle sa pera.

      Burahin
  24. Since it was first compared to antidisestablishmentarianism much has been said concerning Life insurance service by those politicaly minded individuals living in the past, whom I can say no more about due to legal restrictions. In the light of this I will break down the issues in order to give each of them the thought that they fully deserve

    TumugonBurahin
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  31. Great list. Mapfre Insular is a good insurance provider, too. Actually, we suffered from a car accident in 2008 when we were on our way to Tagaytay (that was summer, I think). Good thing my Dad has a car accident insurance from Mapfre Insular. I was in college then, now that I have my own family, I’m thinking as well to apply for our protection.

    TumugonBurahin
  32. Since you reach your elderly years and 70 was at the rear notice mirror, the idea of getting a senior life insurance over 70 coverage is something which could not cross your brain. You might not even remember you can even now submit an application for term life. On the other hand, this is indeed still the possibility for many of you and may be a sensible approach to help your husband or wife and children when you are gone...

    TumugonBurahin
  33. Just to add, Axa Life also has the best and perhaps the only online life insurance in the Philippines called Axa Ion

    TumugonBurahin
  34. I am not sure how to find the best policy for a people over 60. I am really confused because different companies are offering me different policies and offers.

    TumugonBurahin

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