List of Licensed Life Insurance Companies, as of 2024

Here are the 33 Life Insurance Companies licensed by the Insurance Commission to sell life insurance policies for the licensing year 2024, as published online by the Insurance Commission.

List is alphabetically arranged. The 7 companies with ** are both life and non-life insurers.

  • 1 Cooperative Insurance System of the Philippines Life and General Insurance**
  • AIA Philippines Life and General Insurance Co. Inc.** (formerly Philippine American Life and General Insurance Co. (Philam), merged with Philam Equitable Life Assurance Co. in April 2022
  • Allianz PNB Life Insurance Inc., formerly PNB Life Insurance Inc.)
  • BDO Life Assurance Co. Inc. (formerly Generali Pilipinas Life Assurance Co. as 2016)
  • BPI-AIA Life Assurance Corp. (formerly BPI-Philam Life Assurance Corp.)
  • Beneficial Life Insurance Co., Inc.
  • CLIMBS Life & General Insurance Cooperative **
  • Country Bankers Life Insurance Corp.
  • East West Ageas Life Insurance Co.
  • Etiqa Life and General Assurance Philippines Inc.**
  • FWD Life Insurance Corp.
  • First Life Financial Company, Inc. (formerly First Guarantee Life Assurance Co. as of 2007)
  • Fortune Life Insurance Company, Inc.
  • Generali Life Assurance Philippines, Inc.
  • Insular Life Assurance Co., Ltd., The
  • Manila Bankers Life and General Insurance Corp.**
  • Manufacturers Life Insurance Co. (Phils.), Inc.
  • Manulife Chinabank Life Assurance Corp. (formerly The Pramerica Life Insurance Co., Inc.)
  • Maxicare Life Insurance Corp.
  • Paramount Life & General Insurance Corp. **
  • Philippine AXA Life Insurance Corp.
  • Philippine Life Financial Assurance Corp. (formerly Asian Life Financial Assurance Corp.)
  • Philippines International Life Insurance Co., Inc.
  • Pioneer Life Inc.
  • Premier Life and General Assurance Corp., The** (formerly The Premier Insurance & Surety Corp.)
  • Pru Life Insurance Corp. of U.K.
  • SeaInsure Life Insurance Co. Inc. (formerly Reliance Surety Insurance Co. Inc.)
  • Singlife Philippines Inc. (formerly Singapore Life (Philippines) Inc.)
  • Sun Life Grepa Financial Inc.
  • Sun Life of Canada (Philippines), Inc.
  • The Travellers Life Assurance of the Phils. Inc.
  • United Coconut Planters Life Assurance Corp.

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.

Etiqa Life and General Assurance Philippines Inc.

Etiqa is a member of Maybank Group. It was formerly AsianLife & General Assurance Corporation. It’s majority-owned by Etiqa International Holdings (EIHSB) Malaysia, an investment holding company of Malaysia Banking Berhad.

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.

SeaInsure Life Insurance Co. Inc.

SeaInsure was formerly Reliance Surety & Insurance Co. Inc. It states on its website that is a newly minted digital insurance company in the Philippines. It’s part of the SEA Group of Singapore, and affiliated with Shopee.

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