List of Top Firms Offering Life Insurance in the Philippines for Years Now
LIFE INSURANCE PHILIPPINES 2023 – Here are the Top 10 life insurance companies and firms in PH this year.
There are countless insurance companies in the Philippines. These firms offer different types of insurance policies – life insurande, health insurance, car insurance, property insurance, fire insurance, educational insurance, etc.
The insurance companies have different sets of offers. One of the insurance policy that is common among many companies and firms is life insurance.
A life insurance is a legally binding contract between the issuer and the insured individual. Unlike the term contracts, the deal only ends when the insured person stops paying the premium, cancels the plans, or dies.
When the insured person dies, the family or beneficiaries stated in the policy receives a sum of money from the insurance company. There are countless life insurance companies in the Philippines and here are some of the top companies that have already built a name in the field:
- Sun Life of Canada (Philippines) Inc.
- Pru Life Insurance Corp. of UK.
- Allianz PNB Life Insurance, Inc.
- Philippine AXA Life Insurance, Corp.
- BDO Life Assurance Co. Inc.
- FWD Life Insurance Corporation
- Manulife Philippines
- AIA Philippines
- BPI-AIA Life Assurance Corporation
- Insular Life Assurance Company, Ltd
As mentioned earlier, there are countless companies that you can choose from and while they will provide you with a lot of options, the wide array of choices will make it a challenging task. Meanwhile, here are the things that you should consider:
- Evaluate which among the proposals suit what you want.
- Check if you can handle the premium long-term – for a lifetime.
- Check the benefits offered by the company apart from the lump sum that your beneficiaries may get when you die.
- Review the reputation of the insurance company or firm.
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