6.16.2025

50 Ways Banks Are Earning From You Through Bank Fees

By Nora With 8 comments:

Here are 50 ways banks are earning from you through bank fees, penalties or charges. 



This list is not to condemn banks. We need banks.

This is just to make you aware there are a lot of bank fees and what these fees are, so you can be smart about them.

These bank fees are not only charged in the Philippines -- most of these fees are also charged by banks in other countries.

Here are 50 Ways You're Making the Banks Richer with Bank Fees:


ACCOUNT MAINTENANCE FEES

1. Below-maintaining-balance fee
    This is among the most common fees charged by banks, based on complaints online. One OFW wrote to this blog, saying she was charged 300 pesos for 15 months for a total of 4,500. She did not know that the minimum Monthly Average Daily Balance (MADB) or maintaining balance was increased.

2. Dormancy fee
    This is common among OFWs who are too busy with their work abroad they forget to remit to their accounts. A savings account becomes dormant if there's no deposit or withdrawal within 2 years. The time frame for a checking account is only one year.

3.  Interregional-branch over-the-counter deposit fee
     It's great to say that BPI, BPI Family, Union Bank, EastWest Bank, Sterling Bank of Asia and some big RCBC branches do not impose this fee.  This is one of the reasons why many online sellers use BPI accounts for collecting payments from their customers. Their customers will not have to pay deposit fees.

4.  Fee for exceeding maximum number of monthly withdrawals for special accounts
      This is usually imposed on higher-interest accounts.

5.  Lost passbook replacement fee

6.  Dollar withdrawal fee (withdrawing more than maximum amount)

7.  Dollar deposit fee (depositing more than maximum amount)

8.  Early account closure fee
    Fee for closing your account within one month from opening date

9.  Bank statement or certification fee  


ATM or ATM CARD OR DEBIT CARD FEES

10.  Another-bank's ATM withdrawal fee
     This is perhaps the most common fees charged by banks, and the most ignored by cardholders ("15 pesos lang naman...").



11.  Another-bank's ATM balance-inquiry fee

12.  Same-bank ATM withdrawal fee for special accounts

13.  Over-the-counter withdrawal fee for ATM accounts
       Banks say your ATM account is ATM-based, so you should use only the ATM for withdrawals.
       Your withdrawal should be free if the machine is out of order, or if you need more than the daily maximum ATM withdrawal amount.

14.  ATM card or debit card replacement fee

15.  Overseas ATM  withdrawal fee
       This usually costs US$3.50 per ATM withdrawal. Some ATMs abroad also charge their own fees.

16.  Overseas ATM balance inquiry fee
       This usually costs US$1.00.

17.  Overseas ATM withdrawal rejection fee
      These fees for overseas withdrawals are in addition to fees charged by some ATMs abroad for foreign-issued ATMs.

18.  Fee for exceeding maximum number of ATM withdrawals (for special debit cards)
       Usually, you are limited to 2 to 4 free ATM withdrawals a month.

19.  Funds transfer to another local bank

20.  Foreign-issued ATM card fee
        

CASH CARD or PREPAID CARD FEES

21.  Cash card or prepaid card over-the-counter deposit fee

22.  Cash card inactivity fee
       Fee for not doing any transaction for more than 12 months

23.  Same-bank cash card ATM withdrawal fee

24.  Another-bank cash card ATM withdrawal fee

25.  Cash card replacement fee

26.  Visa or Mastercard prepaid card annual fee
        This is charged for Visa or Mastercard prepaid cards not linked to a savings account.


REMITTANCE or FUNDS TRANSFER FEES

27.  Fee for inward remittance from overseas
        Nagbayad ka na sa remittance company sa abroad, may bayad pa sa bangko? Yes!
        In some cases, banks get their remittance fee through their foreign exchange conversion rate.

28.  Fee for outward remittance to overseas

29.  Correspondent bank fee for outward remittance to overseas
     
30.  Intermediary bank fee for inward remittance to another local bank

31.  Fee for outward funds transfer to another local bank

32.  Fee for incoming funds transfer from another local bank

33.  Fee for funds transfer using debit/credit memo over-the-counter


CHECKING ACCOUNT FEES

34.  Returned check fee
       This could range from 2,000 to 2,500 pesos

35.  Stop payment order (SPO) fee
        SPO application fee is usually 200 pesos per check.
        Plus 2,000 pesos for the process of stopping to fund the check
        (this is charged whether funds are sufficient or not)

36.  Fee for depositing a dollar check that was later returned
 
37.  Check retrieval fee

38.  Over-the-counter check encashment
       (Isn't this free? It has always been, but now some banks want you to deposit the check, not encash over the counter.)

39.  New checkbook fee



CREDIT CARD FEES

40.  Late payment fee
       If your due date is a holiday, Saturday or Sunday, pay before your due date.  
       If you're paying by check, pay several days before to allow for the 3-day to 7-day check clearing period.

41.  Over credit-limit fee
      You spent more than your available credit limit.
      (Why don't the banks decline the card usage? Well, you might sue them for embarrassment or for loss of business opportunity, so they might as well allow you to go over your limit, and just charge you a fee. Isn't that clever?)

42.  Annual fee

43.  Fee for making multiple payments per month
       Fee for making more than 2 or 3 payments to your credit card within a month
       Pinapagod mo raw kasi yong teller nila or yong system nila :)
       Bakit daw hindi ka minsanan lang magbayad? Huh!

44.  ATM cash advance service fee

45.  Over-the-counter cash advance fee

46.  Foreign transaction service fee

47.  Returned check fee (if you used an unfunded check to pay )

48.  Sales slip retrieval fee

49.  Credit card replacement fee

50.  Installment pretermination fee

Notes:
. Foreign banks usually do not impose maintaining balance requirements for each account. What they use is Total Relationship Balance (TRB), the overall total of the balances of all your bank and investment accounts with them.

. The 50 bank fees above are not the only bank fees charged. There are other bank fees.

Related Posts:
What is Maintaining Balance or Monthly Average Daily Balance (MADB)?
Tips for New Checking Account Owners
Below-Maintaining-Balance Penalties for BDO Kabayan Accounts

7.22.2019

Enroll in BPI Online Banking While Abroad

By Nora With 6 comments:

Yes, you can enroll in BPI online banking while abroad.


What account can I enroll in online banking?
.   any deposit account with BPI, BPI Family, BPI Europe or BPI Direct
.  BPI credit card

For Express Cash card, loan accounts and other BPI accounts, you can enroll them ONLY after your online banking enrollment has been approved and activated.


What are the steps in enrolling in BPI online banking while abroad?

1.  Go to bpiexpressonline.com

2.  Find "Personal Login" and " Enroll Now"

3.  Click "Enroll Now"

4.  Choose one of these below:

   .  Enroll an ATM-based BPI, BPI Family Savings, or BPI Direct deposit account
        For clients with ATM-based accounts

   .  Enroll a Passbook-based BPI or BPI Family Savings deposit account
        For clients with Passbook-based accounts

   .  Enroll a BPI Europe account
        For clients with BPI Europe accounts

   .  Enroll a BPI Credit Card account
        For clients with BPI Credit Card

5.  Click "Continue"

6.  You will see "Please let us know where you are residing"
      Choose "Outside the Philippines"

7.  Click "Continue"

8.  You will see Internet Banking Services Agreement.
      Click "I Agree"

9.  Complete Express Online Registration form
         .  User ID
         .  Password
         .  First Name
         .  Middle Name
         .  Last Name
         .  Mother's Complete Maiden Name
         .  Email Address
         .  Telephone Numbers
.        .  Account Numbers and Account Types

10.   Review what you have written.

11.  Print the completed form

12. Click "Submit"

13. Sign the printed form and mail to:

BPI Fulfillment Banking Department
9th Floor BPI Card Center
8753 Paseo de Roxas Makati City 1200
Philippines

14.  After your request is processed, BPI will send you an email advice.

11.18.2016

PayMaya Visa or Smart MasterCard Virtual Prepaid Card for OFWs

By Nora With No comments:

Several OFWs have been asking us how they can buy goods online, play games online or make payments online, as they don't have Visa/MasterCard credit or debit cards, and they're still one or more years away from their scheduled vacation in the Philippines.

If you're an OFW and you don't have an active Mastercard or Visa debit card or credit card, or you are not in a country where you can apply for an IRemit Visa card, you can ask your trusted family member to apply for a PayMaya Visa Virtual Prepaid Card or a Smart MasterCard Virtual Prepaid Card for you.


"Virtual" ang tawag kasi wala kang hawak na card. Ang meron ka is information -- yong information na kelangan mong i-enter sa payment page when you buy or pay online.

You should ask help only from a trusted family member -- a person who will never use your card details and your money to spend for himself or herself without your permission.

 After registering for you, your trusted family member will send you the following:
            Account Name (Your First Name and Surname)
            Account No. (16 digits)
            Expiry Date (mm/yyyy)
            CVV2 or CVV or Security Code (3 digits)
            Address (Some websites ask for your address registered with PayMaya)

You can then use these details to buy or pay at any website that accepts VISA or MasterCard.
You must guard these VISA or MasterCard details because anyone can use these online. Remember, there's no PIN or password that will be asked.

Another reminder is: Buy or pay only at trusted websites, like Amazon, EBay, Lazada, Zalora and other big well-known companies. Google reviews of companies that you don't know.

You will also need help from your trusted family member to load money into your PayMaya VISA or Smart MasterCard virtual debit card so you can use it.

As of today, there's no way yet to load your virtual prepaid card while you're abroad. As this product continues to be enhanced, it's likely that there will be ways to load abroad in the future.

This is how your trusted family member can apply for a virtual prepaid card:

How to Apply for the PayMaya Visa or Smart MasterCard Virtual Prepaid Card


1. Have your smartphone with Internet connection.
 
2. Click open your App Store or Google Play app.
       

2. Search PayMaya

3. Download PayMaya and click open

4. Register:
    Your name
    Your active email address
    Your active mobile number (can be any network)

5. Create your password.
     8 or more characters
     At least 1 capital letter, 1 small letter, 1 numeral
     No spaces

6. You will receive a verification code via text to your registered mobile number.

7. Enter verification code

8. Click "View Card"

9. Enter the following:

     Date of Birth
     House No../Building No., Street No., Subdivision
     Additional Address Information (optional)
     Barangay
     City
     State/Province
     Zip Code
     Country

10. Receive a text that your account has been activated.

11. You will see your PayMaya Visa or Smart MasterCard Virtual Prepaid Card details:

     Account Name
     Account No.  (16 digits)
     Expiry Date   (Month and Year)
     CVV2 or CVV or Security Code (3 digits)

12. Printscreen so you can have a copy of your Virtual Prepaid Card.

13.  You can also copy your Account No., Expiry Date and CVV code
       and write it in your personal notebook.


My Personal Experience with PayMaya Visa Virtual Prepaid Card:


It was easy applying. I just followed the instructions above, and I got my own:
  . 16-digit PayMaya Visa Virtual Prepair Card number
  . 3-digit CVV or security code
  . Expiry date

How did I load money to my virtual Paymaya Visa?
  I used my BDO online banking account. The money was credited to my PayMaya after 2 hours. Tumama naman sa sinabi ng PayMaya na 2 hours ma-credit ang BDO money ko sa PayMaya. Merong text na ganito:

 You have received PHP________ on your PayMaya Account from BDO.
 Your available balance is PHP_________.
 Date and time of loading.

Where did I first use my virtual PayMaya Visa?
 I used it to pay my Globe postpaid bill on the Globe website globe.com.ph
 On the payment page, I checked "Credit Card"
 I entered my:
         First Name and Surname
         16-digit Card Number
          3-digit security code or CVV
          Expiry date (mm/yyyy)
  It was processed, and I was able to pay my Globe bill.

Pag walang BDO online banking, saan puedeng mag-load ng pera sa PayMaya virtual card?

Where to Load Money into your PayMaya Visa or Smart MasterCard Virtual Prepaid Card:



LOAD over the counter at Robinson's, SM and Smart Wireless:

. Robinson's Department Store - Customer Service
. SM Malls - SM Business Center
. Smart Wireless Center
      Bring your valid ID
      Fill up the form. Write your mobile number
      Receive a text that your money was loaded into your PayMaya.


LOAD using the Cliqq Kiosk machine at 7-Eleven:
     Minimum to load is 100 pesos

     Go to the Cliqq Kiosk
     Tap "E-Money", then "PayMaya Cash-In"
     Enter your mobile no. and amount
     Get the receipt and pay at the 7-Eleven counter.

LOAD using a TouchPay machine:
     You can find a TouchPay machine at selected branches of:
        Mini Stop
        Mercury Drug Store
        Petron gas station
        Total gas station
        South Star Drugstore
        SSS branch
        Globe store
        Resorts World Manila    
        DMCI Homes
        J.P. Morgan

      You can also find a TouchPay machine at the branches or offices of:
        Meralco
        Smart
        Sykes
        Convergys
        Sky Cable
        Shell Select
        VECO
        Sky Zone
        Davao Light
        Pasay City Hall    

      How to Load using a TouchPay machine:
        1. Select "E-Money"
        2. Select "PayMaya"
        3. Enter mobile number and amount
        4. Insert money into the machine and wait
        5. Receive a text saying your money is loaded

LOAD using a Union Bank ATM:
    You can use this if you own a Union Bank atm card.
       1. Insert your ATM card into a Union Bank ATM
       2. Enter your PIN
       3. Select "Bills Payment"
       4. Select "PayMaya"
       5. Enter mobile number (Format 639XXXXXXXXX)
       6. Enter amount
       7. For Type of Account, select Savings
       8. Wait for your transaction receipt

LOAD at selected Smart Padala outlets:
    Bring your valid ID.
    Ask the Smart Padala outlet if it's loading PayMaya
    Fill out the form. Write your registered mobile number as your account number.
    Before leaving the outlet, wait first for a text saying your money is already loaded into your PayMaya.
    Loading charge is 0.5%

LOAD using Smart Money
    Go to Smart Money menu
    Select "Transfers"
    Select "Others"
    Enter 8877+ Mobile Number (your PayMaya mobile no.)
    Enter amount
    Enter your WPIN
    Send
    Loading charge is 0.5%

LOAD using your BDO online or mobile banking:
   Remember that your Subscriber No. is your Mobile No. you've registered with PayMaya.
   Use this format: 639XXXXXXXXX
   No need to pre-enroll PayMaya.

    1. Login to your BDO online banking or BDO mobile banking
    2. Choose "Financial Services"
    3. Click "Bills Payment"
    4. Click "Pay Bills"
    5. Click "Pay this Company/Biller"
    6. Choose Paymaya or Smart PayMaya
    7.  For Subscriber No., enter your mobile number in this format:
                        639XXXXXXXXX.
    8.  Enter your name
    9. Click Submit

     Wait for your load to be credited to your PayMaya within 2 hours.
      If you load within 10 pm to 9 am, your load will be credited within 48 hours.
      If you load on a weekend or a holiday, your load will be credited on the next working day.

How much can you load to a PayMaya or Smart Virtual Card?

    Up to 50,000 pesos a month.

Can I get my physical PayMaya or Smart Prepaid card when I take my vacation in the Philippines?


Yes, you can upgrade when you arrive in the Philippines using your smartphone.  You will pay 150 pesos for your PayMaya Visa or Smart MasterCard prepaid card.

How to verify your Paypal Account using your PayMaya or Smart Virtual Card:


Remember: Verify only when you're in the Philippines, as PayMaya will send the 4-digit Paypal verification code to your mobile number.

1.  Make sure you have at least 150 pesos in your PayMaya or Smart Virtual Prepaid Card.
2. Login to your Paypal account.
3. Click "Profile"
4. Click "Add/Edit Credit Card"
5. Enter details of your PayMaya Visa or Smart MasterCard Prepaid Card:
    First Name
    Last Name
    Card Type (Visa or Mastercard)
    16-digit PayMaya or Smart Card No.
    Expiration Date: Month and Year
    Card Verification Number: Your CVV2 3-digit code
    Billing Address: Same address as your PayMaya or Smart address      

6. Click "Continue"
7. Wait for the 4-digit Paypal code that PayMaya will send to your mobile no.
8. Enter the 4-digit Paypal code
9. Click "Confirm Card"


How to transfer your Paypal money to your PayMaya or Smart Virtual Prepaid Card:


You can use only PayMaya Visa for transferring money from Paypal to PayMaya:
You cannot use your Smart MasterCard for Paypal withdrawal, only for Paypal verification.

1. Login to your Paypal account
2. Click "Withdraw" under your "Paypal balance"
3. Enter the amount to be withdrawn
4. Choose your PayMaya Visa account
5. Confirm

Minimum withdrawal amount from Paypal is 500 pesos
You can withdraw only in peso
Paypal will process your transfer within 4 business days
Paypal will deduct 250 pesos as withdrawal fee.

If you have a BPI account, the withdrawal fee from your Paypal account to your BPI account is cheaper -- only 150 pesos.

Paypal withdrawal to a bank account is even cheaper with a Union Bank Eon Visa debit account, but this debit card requires an annual fee of 350 pesos.

11.13.2016

Ranking of 67 Non-Life Insurance Companies, Based on Premiums Earned in 2015

By Nora With No comments:
Here's the Ranking of 67 Non-Life Insurance Companies in the Philippines, based on Premiums Earned in 2015, from data submitted by the companies to the Insurance Commission.

Nine non-life insurance companies have surpassed the one-billion-peso mark.

RANK   INSURANCE COMPANY PREMIUMS EARNED
2015 NON-LIFE 2015
 
1 Prudential Guarantee & Assurance Corp.3,348,906,826
2 Malayan Insurance Co., Inc. 3,054,120,781
3 BPI/MS Insurance Corp. 2,288,623,289
4 Charter Ping An Insurance Corp. 2,070,477,289
5 Pioneer Insurance & Surety Corp. 1,729,124,977
6 FPG Insurance Co. Inc. 1,648,196,914
7 UCPB General Insurance Co. 1,403,511,187
8 MAPFRE Insular Insurance Corp. 1,362,975,225
9 Standard Insurance Co., Inc. 1,213,487,384
 
10 Pacific Cross Insurance Inc.   925,579,725
11 MAA General Assurance Philipppines, Inc.   873,607,368
12 Commonwealth Insurance Co.   826,903,417
13 Philippine British Assurance Co., Inc.   773,348,891
14 QBE Seaboard Insurance Phils., Inc.   629,693,639
15 Alpha Insurance & Surety Co.   590,223,278
16 PNB General Insurers Co., Inc.   574,060,341
17 Paramount Life & General Insurance Corp. 
(non-life unit)   493,878,247
18 AIG Philippines Insurance Inc.   451,505,526
19 Fortune General Insurance Corp.   433,714,548
20 Insurance Company of North America   433,485,304
21 Mercantile Insurance Co., Inc.   419,382,040
22 Corporate Guarantee & Insurance Co.   417,668,598
23 Western Guaranty Corp.   377,934,483
24 Pacific Union Insurance Co.   377,591,249
25 Plaridel Surety & Insurance Co.   324,933,222
26 Premier Insurance & Surety Corp.   322,652,504
27 Asia Insurance Phils. Corp.   308,819,125
28 People’s General Insurance Corp.   300,443,886
29 Travellers Insurance & Surety Corp.   298,128,975
30 Perla Compania de Seguros Inc.   257,703,647
31 New India Assurance Co. Ltd.   251,506,028
32 FLT Prime Insurance Corp.   223,065,771
33 Visayan Surety & Insurance Corp.   210,159,898
34 Cibeles Insurance Corp.   191,149,358
35 Asia United Insurance Inc.   190,821,987
36 CLIMBS Life & General Insurance
(non-life unit)   168,083,966
37 Republic Surety & Insurance Co., Inc.   149,836,505
38 Country Bankers Insurance Corp.   147,265,200
39 Liberty Insurance Corp.   147,017,033
40 Milestone Guaranty & Assurance Corp.   144,407,376
41 CARD Pioneer Microinsurance Inc.   143,650,413
42 Philippines First Insurance Co., Inc   138,531,520
43 Empire Insurance Co.   133,334,744
44 First Nationwide Assurance Corp.   124,367,974
45 Alliedbankers Insurance Corp.   118,284,332
46 Philippine Fire & Marine Insurance Corp.   113,380,323
47 Centennial Guarantee Assurance Corp.    43,593,801
48 AFP General Insurance Corp.    92,352,976
49 Solid Guaranty Inc.    91,290,905
50 Intra Strata Assurance Corp.    88,358,816
51 Bankers Assurance Corp.    77,239,503
52 Reliance Surety & Insurance Co., Inc.    73,258,172
53 Meridian Assurance Corp.    69,720,780
54 SGI Philippines General Insurance Co., Inc.    61,517,257
55 Northwest Insurance & Surety Co., Inc.    60,936,191
56 Metropolitan Insurance Co., Inc.    59,981,480
57 Investors Assurance Corp.    54,357,317
58 Pioneer Intercontinental Insurance Corp.    43,593,801
59 Starr International Insurance Philippines Branch    41,169,312
60 Petrogen Insurance Corp.    30,241,293
61 PGA Sompo Japan Insurance Inc.    23,534,102
62 Manila Surety & Fidelity Co., Inc.    17,674,584
63 First Integrated Bonding & Insurance Co.    15,406,758
64 United Insurance Co.    13,328,862
65 Oriental Assurance Corp. not yet submitted
66 Sterling Insurance Co., Inc. not yet submitted
67 Stronghold Insurance Co., Inc. not yet submitted

Notes:
Pacific Cross Insurance Inc., provider of medical and travel insurance, is now the name of Blue Cross Insurance.

Source: Annual Statements Submitted by Companies to the Insurance Commission

11.12.2016

List of Licensed Life Insurance Companies for 2016-2018

By Nora With No comments:
Here are the 31 Life Insurance Companies licensed by the Insurance Commission to sell life insurance policies for the licensing years 2016 to 2018, as of October 5, 2015, according to the Insurance Commission.

There are two insurance firms added to the previous list (2014-2015):
    East West Aegeas Life Insurance Co.
    Generali Life Assurance Philippines Inc.

There were 2 insurance companies removed from the previous list (2014-2015):
     BF Life Insurance Corp.
     Philippine Prudential Life Insurance Co., Inc.
   
List is alphabetically arranged.

1.      AsianLife and General Assurance Corp. *
2.      BDO Life Assurance Co. Inc.
           (formerly Generali Pilipinas Life Assurance Co.
              as of June 30, 2016)
3.      Beneficial Life Insurance Co., Inc.
4.      BPI-Philam Life Assurance Corp.
5.      CAP Life Insurance Corp. **
6.      CLIMBS Life & General Insurance Cooperative *
7.      Caritas Life Insurance Corp.
8.      Cooperative Insurance System of the Philippines
9.      Country Bankers Life Insurance Corp.
10.    East West Ageas Life Insurance Co.
11.    First Life Financial Company, Inc.
          (formerly First Guarantee Life Assurance Co.
                as of 2007)
12.    Fortune Life Insurance Company, Inc.
13.    FWD Life Insurance Corp. **
14.    Generali Life Assurance Philippines, Inc.
15.    Insular Life Assurance Co., Ltd., The
16.    Manila Bankers Life Insurance Corp.
17.    Manufacturers Life Insurance Co. (Phils.), Inc.
18.    Manulife Chinabank Life Assurance Corp.
           (formerly The Pramerica Life Insurance Co., Inc.)
19.    Paramount Life & General Insurance Corp. *
20.    Philam Equitable Life Assurance Co., Inc.
21.    Philippine American Life and General Insurance Co. (PhilamLife) *
22.    Philippine AXA Life Insurance Corp.
23.    Philippine Life Financial Assurance Corp.
           (formerly Asian Life Financial Assurance Corp.)
24.    Philippines International Life Insurance Co., Inc.
25.    Pioneer Life Inc.
26.    PNB Life Insurance, Inc.
27.    Pru Life Insurance Corp. of U.K.
28.    Sun Life Grepa Financial Inc.
29.    Sun Life of Canada (Philippines), Inc.
30.    United Coconut Planters Life Assurance Corp.
31.    United Life Assurance Corp.

Two Life Insurance Companies REMOVED from the Previous LIST:
1.  Philippine Prudential Life Insurance Co. (PPLIC)
       (put into conservatorship in Nov 2016)
2.  BF Life Insurance Corp.
       (put into receivership in March 2016)

Two Life Insurance Companies were added to the 2016-2018 List:

1. EastWest Ageas Life Insurance Corp. 
    Launched in January 2016, it's a joint venture between  universal bank
      EastWest and Belgium-based international insurance group
      Ageas Insurance International NV.
2. Generali Life Assurance Philippines, Inc.
   Relaunched in July 2016 as a life insurance company by
    Generali Group from its acquired non-life insurance firm
     Generali Pilipinas Insurance Co. (GPIC)
   Life insurer Generali Pilipinas Life Assurance Co. was
     acquired by BDO and renamed
    BDO Life Assurance Co. Inc.

* These 4 companies are licensed to sell both life and non-life insurance policies:
1. AsianLife and General Assurance Corp.
2. CLIMBS Life & General Insurance Cooperative
3. Paramount Life & General Insurance Corp.
4. Philippine American Life and General Insurance Co. (PhilamLife)

** These 2 companies first appeared in the 2014-2015 list:
CAP Life Insurance Corp.
FWD Life Insurance Corp.

List that Preceded the List Above:
Licensed Life Insurance Companies for 2014-2015

See here Name Changes: Licensed Life Insurance Firms 2013-2014

Top Life Insurance Companies, by Net Worth as of December 2013