What is the best life insurance company in the Philippines?

Posted by Fitz Villafuerte under Personal Finance on February 13, 2013

I finally have the budget to get a term life insurance and now in the process of looking for the top life insurance companies in the Philippines so I know where I can ask for a quotation.

There are many of them out there, so I’d like to save some time and perhaps ask the opinion of people here who they think are in the top 3.

The criteria for being the best depends on you. It may be stability of the company, or the low premiums, or even the quality of customer service that they provide.

If you can explain briefly why you think that company you mentioned is good, then I’ll appreciate it. Thanks!




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71 Responses to “What is the best life insurance company in the Philippines?”

  1. mary jane toribio says:

    I do believe that Sunlife is one of the best insurance company because its here in the Philippines for 117 years. And also its financial advisors will help you on how to be financially independent.

  2. nico says:

    PRU LIFE UK
    – Subsidiary of financial services giant, Prudential PLC which was established in 1848 in London. An international services company with significant operation in Asia, the United States, and the United Kingdom
    – Ranks no. 1 in ordinary life among foreign entrants in years 2001-2002
    – Acquired AllState Life Phils in 2001 and ING Life Phils in 2002
    – Eastspring investments, Pru Life UK fund manager was named the largest Retail Asset Manager in Asia
    – Pru Life UK was named as the 2004 Outstanding Life Insurance Company for the 15th Annual National Consumers Award (ANCA) awarded by the Consumers Union of the Philippines.
    – Sealed a partnership deal with Standard Chartered Bank establishing the general agency Assurance Solutions Insurance Agency, Inc., marking the 11th alliance between Prudential Corporation Asia and Standard Chartered Bank in Asia.
    URL :http://www.prulifeuk.com.ph

  3. Frank says:

    Sunlife!

    I am in the process of being a Sunlife Advisor (hopefully next month) but I am not promoting Sunlife because of this.

    2 years ago, I was just like you. I read articles, blogs etc. trying to look for the best insurance that would suit my needs and apparently, it was Sunlife. Although, I got the VUL product and not the Term.

    After all, you are in the right track…May it be Sunlife or any other reputable insurance company.

    You can also visit the Insurance Commission’s website to know the Top Performers.

  4. ana says:

    PHilamlife

    has always been the most trusted brands in delivering its promises for 65yrs

    paying billions of claims per year.
    much to say, tops in terms of net worth and reserves amounting to hundred of billions and still growing

  5. Jennifer J. Cruz says:

    I do believe that PHILAMLIFE is the BEST life insurance company in terms of good performance,service and PLATINUM TRUSTED BRAND AWARD holder.
    PHILAMLIFE impart and honed its goal to every Financial Advisor to be eagered to serve and educate people to save for their future,simple goal yet very powerful because PHILAMLIFE believes that there is no other way to secure our family’s future but to dream, plan and save NOW!

  6. ian calderon says:

    for me sun life… its a multinational company… since 1865 when it was incorporated in canada.. and 1895 when they branch out in the Philippines.. sun life is the pioneer in life insurance.. james yap, piolo pascual, pia magalona, azkals, bam aquino, regine, ogie and their son are celebrity endorsers of sun life.. the company will not afford that kind of people if they are not the biggest company in terms of life insurance.. tx me if you want for assistance.. 09212698365.. god bless..

  7. Mark Hall says:

    It was vitally interesting for me browsing your post. Thank you very much for this. I like to read about saving money and investment in insurance. I will continue here for more information.

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  9. Roland Natividad Jr says:

    Hi Valued Client,

    I’m Roland Natividad Jr Financial Advisor from Philam Life. I think Philam Life is the best life insurance company in the Philippines because of remarkable rich history of Philam Life.
    The stability of Life Insurance Company is the most important at all. The stability of Life Insurance Company determined through Paid-up Capital, Investment, Asset, Network and Premiums.

    According to the reports of Insurance Commission 2011, Philam Life is still the no.1 interms of this categories. please see Insurance Commission report.

    Premiums may vary every year depends on the sale’s of insurance company.

    Anong plano mo? Usap tayo.
    PHILAMLIFE.COM
    E; [email protected]
    C; 0916-6858103
    DL; 710-5286

  10. Ron Bryan Sun Magsalin says:

    at least choose from the top 10 life insurance companies in the philippines. but the most important one is you choose an insurance agent that you are comfortable with. since he will be the one to help you should you have any inquiries, assist you with claims, etc. i believe that agent-client relationship is a life long commitment since what you want to have is a life insurance plan. a lot of insurance agents are just in need of a sale. Find one who really cares. 🙂

  11. Timmy Arandela says:

    PRU LIFE OF UK

    ALWAYS LISTENING.ALWAYS UNDERSTANDING

    Join us on facebook
    Like us on facebook

  12. Roland Natividad Jr says:

    Philam Life is the best life insurance company in the Philippines because of the ability of the company to give what their promised.

    Philam Life financial strength still unmatched in life insurance industry.

    Philam Life lead the life insurance industry for over 65 years in terms of Premium, Paid-up Capital, Asset, Net Income, Investment and Net worth.

    Philam Life is the only financial institution to received 9th Platinum trusted brand award by Reader’s Digest Asia, from 2004-2013.

    Anong plano mo? Usap tayo.
    PHILAMLIFE.COM
    E: [email protected]
    C: 0916-6858103
    DL: 710-5286

  13. Ma.Florencia Yadao says:

    Manulife is the best choice, 100+ years in the Philippines now, No.1 in the Philippine Stock Exchange when it comes to capitalization. Stable and Reliable company. For further explanation, pls contact

    Ms.Enchang T. Yadao
    Licensed Insurance Advisor- Manulife

  14. Ma.Florencia Yadao says:

    Ms.Enchang T.Yadao
    Licensed Insurance Advisor – Manulife
    Contact # 09399207398 / # 09156995062

  15. kate16 says:

    Health insurance is very important nowadays, having one would give you something to cling to in times of sickness that’s why I trust Philippine Prudential Life.

  16. elleica says:

    I wonder if anyone here knows of Axa Philippines? It is the insurance company owned by Metrobank, the strongest bank in the country. Axa has been in the country for only 14 years but it’s mother company, Axa Global has been around since 1817. Also, it is the number 1 insurance brand according to interbrand.

    In terms of variable insurance, I’d say go for Axa. But in terms of term insurance, I’d say go for Philam Life.

    But I agree with Ron Magsalin that at the end of the day, go with the agent you trust the most and are most comfortable with. Because insurance agent – insurance client relationships is what would matter in the end especially when you need help processing certain things with your chosen insurance company.

    If you are worried about stability, ALL insurance companies are stable. We get the idea that they close but actually, before an insurance company can cease operations, another larger company takes over it so that its policy holders are assured that their claims will be paid. In fact, no insurance company has really closed in the country. They are merely taken over by bigger companies.

    I have learned that next to the bank and the government, insurance companies are the safest place to put your money. It’s just that sometimes, there are agents who are after the sale more than after the well-being of the client. So again, bottomline, look for an agent who cares for you more than for the sale he will make.

  17. Chacha says:

    It doesnt matter what company is number one. In planning to have a policy we should consider the sincerity of an agent. if your agent is sincere, he/she knows what product fits for you and will be there for you from the time you bought the plan to processing your claims. So remember, the moment you have chosen the right agent for you. That agent should be a part of your family.

    I am a financial consultant of PRU LIFE UK.
    Here, that is how we are taught.
    Always listening, Always understanding
    For questions feel free to contact me
    09328565807 or email me at [email protected]
    Have a good day 🙂

  18. Henry Corpuz says:

    AXA is the best insurance company in the Philippines. The country’s pioneer and undisputed leader in unit-linked insurance products. AXA is also a worldwide leader in financial protection headquartered in Paris, France. Voted no. 1 Global Insurance brand for 5 consecutive years! A global expert in insurance and investments. AXA helps you plan for your different needs in life. Income protection, education, investment, retirement needs etc. Talk to a Licensed AXA financial advisor now! 09428414188

  19. Kristine says:

    AXA is the best insurance company in the Philippiines. To know why, please contact a financial advisor now, 09334718326

  20. Triuna Jane Abejuela says:

    Just some thoughts to ponder…since we are in the Philippines arena..would it be prudent to just look on the figures that each life insurance company has ( via Insurance Commission)..inspite and despite of their tenure in this industry. And of course with the right financial adviser, with the right company will be a sure win to any possible client.

    I am a Philam Lifer!
    For being the market leader in the industry for over 65 yrs.now…we must have done something right.
    And i would love to be of service to you… 🙂

  21. Mark says:

    I don’t know why people here didnt consider the fact that Insular Life is the largest company in the Philippines in terms of net assets/net worth. See here http://www.financeph.com/2014/07/insular-life-largest-and-most-valuable.html

  22. Thomas says:

    Manulife, if you are still young and want to be secured. Over 100 years experience based in Canada. Contact my Insurance Advisor at 09328897187 or [email protected]

  23. Wilyn Eisma says:

    so which insurance company did you choose?

  24. Amy says:

    I think you should assess the quality of the insurance company on the basis of the following: (a) financial stability – the highest ranking insurance company in terms of net worth is Insular Life. Now, you do want to think networth because it represents how much is left after liabilities are deducted from its asset.
    (b) service and claims processing- we have heard of stories of people investing only to later have difficulty in applying for claims. For this category, I have Sunlife, Insular Life and Philamlife to mention. These companies have a long history of meeting commitments.
    (c) reachability – you may want to secure your life insurance from a company that makes sure you can reach them. For this round, I recommend Insular Life (which has the equivalent of an online banking portal) and Philamlife (only because they have many branches nationwide).

  25. Amy says:

    I think you should assess the quality of the insurance company on the basis of the following: (a) financial stability – the highest ranking insurance company in terms of net worth is Insular Life. Now, you do want to think networth because it represents how much is left after liabilities are deducted from its asset.
    (b) service and claims processing- we have heard of stories of people investing only to later have difficulty in applying for claims. For this category, I have Sunlife, Insular Life and Philamlife to mention. These companies have a long history of meeting commitments.
    (c) reachability – you may want to secure your life insurance from a company that makes sure you can reach them. For this round, I recommend Insular Life (which has the equivalent of an online banking portal) and Philamlife (only because they have many branches nationwide).

  26. heathcliff says:

    think AXA Ion takes the cake here! It’s not only reputable it’s also an affordable life insurance in the Philippines

  27. Enzo Toledo says:

    No matter what insurance company you go to. It still boils down to the right plan that you committed to. Sure Company A can say they are better than Company B, but if the plan that your financial advisor has given you is not the right vehicle that will cater to your goals, then it won’t matter. Be vigilant in looking into plans. Study them well and ask as much as you can from your Financial Advisor, they are trained to answer your questions. This is your hard-earned money, so you must know how it is being handled. I wish you well on yout journey towards financial freedom 🙂

  28. […] What is the best life insurance company in the Philippines? – I finally have the budget to get a term life insurance and now in the process of looking for the top life insurance companies in the Philippines so I know where I can …… […]

  29. joanna manay says:

    Find an agent with the right heart and the right motive to help you. It will all be possible if He/She has a God who controls his/her life.

  30. Mae Ignacio says:

    Axa is the best insurance company in the Philippines. It is a global leader in insurance which take cares of 102 million lives and 56 countries worldwide. It is recognize by global brand consultancy Interbrand as top global insurance 6 in a row..for further information why Axa, contact a financial advisor now..09499474884

  31. Albert Abrera says:

    I have not gotten any policies but I already listened to Financial Advisors from 3 big companies- SunLife, Manulife and AXA. I just realized that AXA really teaches their advisors to go deeply into their client’s family. I have a friend who is an AXA Financial Advisor and has been pursuing me to get a policy from him. He always gives me short talk about money and saving and not about closing a deal with him. I guess it is really AXA.

  32. kevin aquino says:

    I’m so bless to be a financial advisor of PRULIFE UK.
    It’s a joy to help people achieve their financial goals.
    Advises families on the risk of financial loss in the face of premature death,
    Serious illness,old age, how to manage and protect the income.

    EASTSPRING INVESTMENT was tapped by BANGKO SENTRAL NG PILIPINAS to manage the provident fund.
    13000 strong agents making us the largest in the agency force.
    What’s matters most is the SERVICES and by listening to the heart that makes the difference

    Can I help you?09368819211 /09434593821 or [email protected]

  33. ANNE CARLA TRINIDAD says:

    Philam Life. No doubt about it. Please contact 09258982229 if youre interested. 🙂

  34. Phillip Persenio says:

    PRU Life UK

    -Largest life insurer in the world
    -Very flexible terms
    -Has the most comprehensive life plans (plenty of riders to choose from)
    -If other insurance companies wait for three days to grant hospital income, Pru only requires 12 hours
    -If other insurance companies wait for one year before they grant disability benefit, Pru only requires six months
    -You can take an “advance” from the face amount (sum assured) should you be diagnosed with a critical illness or suffer permanent disability
    -For VUL products, they have the best and most consistent fund performance

  35. LORNA MAGLANGIT says:

    TO KNOW THE TOP RANKING INSURANCE COMPANIES IN THE PHILIPPINES ALWAYS REFER TO STATISTICAL REPORTS OF THE INSURANCE COMMISSION. IT IS A TRUE AND CORRECT REPORTS. TO KNOW THE BEST INSURANCE COMPANIES IN THE PHILIPPINES…IT DEPENDS ON WHO ARE THE FUND MANAGERS WHO MANAGE YOUR HARD EARNED MONEY. THEY ARE THE EXPERT IN MONEY MANAGEMENT. LOOK AT THE PERFORMANCE HISTORY OF EVERY INSURANCE COMPANIES AND IF YOU KNOW HOW TO COMPUTE THE MOVING AVERAGE SINCE INCEPTION OF THE FUND OFFERED TO YOU BY ANY AGENT YOU CAN FORCAST THE VALUE OF ITS FUTURE RETURN. IT MAY NOT BE EXACT VALUE WHEN YOU NEED YOUR FUND BUT AT LEAST IT IS NEARER TO THE TRUE VALUE. ALL INSURANCE COMPANIES HAS ITS OWN STRENGTH AND WEAKNESSES. BUT IF YOU WANT TO CHOOSE WHERE TO INVEST YOUR MONEY…KNOW FIRST WHEN WILL YOU NEED IT, HOW MUCH CAN YOU AFFORD TO SET ASIDE AND WHAT IS THE PURPOSE OF YOUR INVESTMENT. THERE ARE DIFFERENT PRODUCTS THAT SUIT YOUR NEEDS. IF YOU WANTED MORE INSURANCE BECAUSE OF YOUR BIG RESPONSIBILITY THEN I RECOMMEND WFMA PLUS PRODUCT OF PHILAM LIFE. IF YOU WANT LESS INSURANCE AND MORE ON INVESTMENT THEN IT CAN BE TAILORED TO YOUR NEED. IF YOU WANT 50% INVESTMENT AND 50% INSURANCE THEN i RECOMMEND INSULAR LIFE PRODUCTS. IF YOU WANT A SHORT TERM INVESTMENT THEN I RECOMMEND BEST INC AND PAMI. THE BEST INVESTMENT TODAY IS A VARIABLE LIFE.
    IF YOU WANT A FINANCIAL ADVICE AND WANTED A TAILORED AND DETAILED EXPLANATION ON THE FINANCIAL NEED YOU WANT PLEASE FEEL FREE TO CONTACT ME….LORNA A. MAGLANGIT 09177079362/09199979362.

  36. Erudite says:

    After comparing almost all the insurance companies mentioned here (blue, maroon, red, yellow, et al), I chose Manulife (green) for my family.

    I talked to agents, representatives, managers, read proposals, dug deeper, read far and wide online (their sites and feedbacks), and talked to policy owners in my earnest interest to understand and hopefully pick the one or two which would suit my family’s requirements. It took me almost 3 months. Finally, 10 policies (VLs & life/protection) were applied for with and approved by Manulife to cover my family.

    As to criteria and process to arrive at my choice, it will be too long to write here. I took it seriously. After all, it is about and for people close to me. Finances and investments, too, are obviously important. Ergo, my time and attention are essential.

    By the way, years prior to getting VL and life/protection policies, investments in MFs and stocks were placed (still active). Starting early and diversification are allies 🙂

    I hope this post will encourage others as well to look into their finances, family and future.

  37. RED says:

    PRU LIFE UK
    -has attractive returns only big investors normally enjoy
    -Liquidity through partial/full withdrawals anytime
    -the expertise of EASTSPRING investments
    -Life, disability & critical illness insurance.

  38. raul says:

    Manulife Philippines is one of the top 10 insurance companies here in the Philippines,
    Just contact me for any questions 0936-661-2187 By the way I’m Raul S. Taburaza Jr Im a licensed Insurance Adviser.

  39. Cleo Tismo says:

    AXA is the best! AXA ranked no. 2 in the Philippines and awarded as 1st Global Insurance brand by Interbrand for 7th consecutive years by Interbrand. Here’s the proof: http://www.philstar.com/business/2015/10/14/1510297/axa-named-top-global-insurance-brand-7th-consecutive-year… If your interested, please contact me at 0926-593-7648. Thank you!

    Cleo Tismo
    AXA Phils – Naga

  40. Cleo Tismo says:

    In terms of Medical Insurance, Healthmax covers 56 critical illnesses and 18 minor.

    AXA newest product are Life Basix and Axelerator +, where Variable product (Investment product) and Health Insurance, combine.

    For interested you may text or call me at 0926-593-7648 or email me at [email protected].

    Thank you!

    Cleo Tismo
    Financial Advisor
    AXA Phils – Naga

  41. Cleo Tismo says:

    Soon will be launching International Healthplan…

    Thank you!
    Cleo Tismo
    Financial Advisor
    AXA Phils – Naga
    0926-593-7648

  42. Zsa zsa Rayla says:

    You may consider possibly the Top 5 life insurance company in the Phils.namely..Sunlife, AXA,Philam, Manu and Pru all of these 5 has their diff product strengh and should say that they are considerably stable companies that you can entrust your hard earned money.Everyone will claim they are best but be smart enough to deal with professional well educated Financial Advisors who can provide great service to you and you can choose among the top and stable life insurance as mentioned above..even if you choose the number one insurance company and the agent cnt deliver or meet your needs its useless…I strongly suggest that you talk and scout for the best Financial Advisor that can provide great solution to your financial needs..and willing to service you even after made a sale to establish a relationship that will continue after he made a sale..YOURS TRULY ….AXA FINANCIAL ADVISOR…ZSA ZSA RAYLA…0920-9813821

  43. Symon says:

    Any axa avisor here?im planning to go an axelerator for an investment..thank you.

  44. […] What is the best life insurance company in the Philippines … – I finally have the budget to get a term life insurance and now in the process of looking for the top life insurance companies in the Philippines so I know where I can … […]

  45. Alpha Omega Dela Cruz says:

    Go for Prulife UK because it is the Pioneer in the insurance business in the world having been there since the 1800s. It may not be no. 1 in Philippine sales because the others came earlier in the country. But it is no. 1 in the world in terms of having the best Financial Management firm in the World – The Eastspring, followed only by JP Morgan. It has also the best quality, reliability, stability and the best insurance with profit investment.

    How can I help you to achieved your financial goal?… 0915-976-3504

  46. Am-Am says:

    Should you need my assistance please contact me @ 09258099800. AXA advisor from Cebu City.

  47. akocruz321 says:

    I am reject Sunlife because they acquired Grepalife which was not a good and honest insurance company. Perhaps to learn from Grepalife to reject/dismiss life insurance claims?

  48. Charlie says:

    you plan, AXA will make it happen..

  49. Roxanne says:

    Hi Everyone, All insurance company are regulated by Insurance Commission and they are all working hand in hand. Lets be happy. By the way im Roxanne licensed Financial Advisor of Prulife UK.. if your are interested with VUL please email me at [email protected] and i will be more happy to assist you.
    Thank you and Godbless 🙂 Happy Investing!

  50. Jela says:

    What is the best Term Insurance offered by Pru, Sunlife, Axa, Manulife or Philam Life?

  51. Margie Tejor says:

    PIONEER. THE BEST IN TERMS OF CLAIMS 🙂 AN INSURANCE COMPANY WITH A HEART 🙂

  52. ian says:

    It is really not about who is the number one insurance company. Of course everyone will say, they are the number 1. As a client, one should look at these criterias.

    1. Years of Existence
    2. Performance of the Fund Manager
    3. Liquidity Standard set by the Insurance commission

    There, you will be able to screen out the insurance companies ideal for you. But the most important thing you have to consider is your Financial Consultant and the kind of service he/she will be giving you. Should you have more queries, you may visit my website.

  53. bry says:

    How about manila bankers life insurance?

  54. […] What is the best life insurance company in the Philippines … – I do believe that PHILAMLIFE is the BEST life insurance company in terms of good performance,service and PLATINUM TRUSTED BRAND AWARD holder. PHILAMLIFE … […]

  55. […] What is the best life insurance company in the Philippines … – I finally have the budget to get a term life insurance and now in the process of looking for the top life insurance companies in the Philippines so I know where I can … […]

  56. Cleo Tismo says:

    Hi, it’s me again. AXA Phils already launched the GLOBAL HEALTH ACCESS. The HMO product that can use here in the Phillippines and abroad (globally). For interested a lot of products can be offered depends on your needs and budget. Just pm me for inquiries at [email protected] or text or call at 0926-593-7648. Thank you!

  57. […] What is the best life insurance company in the Philippines … – I finally have the budget to get a term life insurance and now in the process of looking for the top life insurance companies in the Philippines so I know where I can … […]

  58. […] What is the best life insurance company in the Philippines … – I finally have the budget to get a term life insurance and now in the process of looking for the top life insurance companies in the Philippines so I know where I can … […]

  59. Philamlife is my personal choice. It’s been around for the past 65 years. I was able to follow the progress of the company…since my lol and now my dad and younger brother handle an agency with the company. I too contribute my part in helping the agency grow. Pls do send me message or txt me on my cp if you would have any quiries regarding financial growth and leaving a legacy ti your loved ones. Thank you for taking time to read this message. To Gid be the glory!

    Henry espiritu jr
    Financial advisor for Philamlife

    E [email protected]
    M 09278088872
    H 9455537

  60. Nan says:

    Check out the OFFICIAL WEBSITE OF THE INSURANCE COMMISSION.
    —> http://www.insurance.gov.ph/htm/_statistics.asp

  61. […] What is the best life insurance company in the Philippines … – I finally have the budget to get a term life insurance and now in the process of looking for the top life insurance companies in the Philippines so I know where I can … […]

  62. […] What is the best life insurance company in the Philippines … – I do believe that PHILAMLIFE is the BEST life insurance company in terms of good performance,service and PLATINUM TRUSTED BRAND AWARD holder. PHILAMLIFE … […]

  63. […] What is the best life insurance company in the Philippines … – I finally have the budget to get a term life insurance and now in the process of looking for the top life insurance companies in the Philippines so I know where I can … […]

  64. Aaron Mendoza says:

    Pls check FWD Philippines. Or call or text me at 09153410818 for details.

  65. Jerichabelle says:

    So what do u think is ur choice???

  66. Kris says:

    At my young age, I would say Pru Life UK is the best.
    Wanna know why ?

    Visit their page or consult a financial advisor in Pru Life UK 🙂

  67. Joe black says:

    everyone is yapping about they are the best. Can you produce a checklist of comparisons between products

  68. […] What is the best life insurance company in the Philippines? […]

  69. […] What is the best life insurance company in the Philippines? […]

  70. […] What is the best life insurance company in the Philippines? […]

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