Top 10 Life Insurance Companies in the Philippines for 2014


According to the latest announcement of the Insurance Commission, Sun Life of Canada Philippines, the oldest life insurance company in the Philippines, again dominated the Philippine insurance market in 2014 based on total premium income. Premium income generally refers to the money an insurance company receives by charging premiums to clients. The company that received the highest premium income in a given year can be considered the industry leader. Insurance companies compete to get the top spot. Sun Life has been holding the number 1 spot since 2011 after displacing Philam Life which has been the market leader for many years. Philam is the second placer last 2013 but now overtaken by Philippine AXA Life by 37 Million pesos. Philippine AXA Life has been very aggressive in its marketing campaigns.


top 10 life insurance companies in the Philippines 2014


It is interesting to note that Sun Life has 10 billion pesos margin from both the second and third placers: AXA and Philam. Will this margin increase or decrease next year? Will Sun Life retain its position in 2015? It is exciting to know the ranking next year. According to Philstar, the life insurance industry reported total premium income of P157 billion last year, roughly 8% lower than the P170 billion in 2013. Traditional policies (whole life,endowment plans, term plans) last year amounted to P50 billion, up from P48.3 billion in 2013. Variable life sales fell from P121 billion in 2013 to P107 billion last year.


While other companies are strong in traditional insurance products, Sun Life is strong in the Variable Life Insurance (VUL) market. VUL is a life insurance plan with life insurance and investment (mutual fund). Sun Life’s most popular VUL plans include Sun Flexilink, Sun Maxilink Prime and Sun Maxilink Bright. In VUL, part of your payment will pay the fees and insurance cost and part of it will be invested in a fund of your choice: equity fund, balanced fund or bond fund. The better returns of VUL funds compared to traditional plans attract the booming middle class in the Philippines. Many Filipinos are no longer attracted to the insurance plans with guaranteed cash values but low interest returns. The booming Philippine economy makes investment-linked (VUL) products attractive for Filipino plan holders.

For 2015 ranking of life insurance companies in the Philippines, visit this link.

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Raymund F. Camat, CIS, REB, CWP®, CEPP® is a SEC-Certified Investment Solicitor (CIS), Certified Wealth Planner and Certified Estate Planner, Phils. He is also a licensed life insurance and mutual fund advisor for the number 1 life insurance company in the Philippines. He wants to educate the Filipino public on the importance of financial planning, investment planning, wealth planning and estate planning. He offers Personal and Family Wealth Planning to Filipinos from different generations. He has a bachelor's degree from the University of the Philippines. You can reach him at +639179698062 or email him at For OFWs, he also conduct online video consultation through Skype, Viber, Zoom or FB Video Call. ________________________________________ DISCLAIMER: This website reflects only the views and opinions of Raymund F. Camat and is not part of any official communication tools of any life insurance and investment company. The views and opinions on this website do not necessarily reflect those of the company, the management, the advisors/agents and the employees of any life insurance or investment company.
101 comments… add one
  • Loraine C. Gapuz May 19, 2015 Link Reply

    Magtatanung lang po sana about VUL.interested po kasi ako sa SunLife.. but now po.wala pa po akong 7k on hand.. salamat po 🙂

  • Shane Jun 2, 2015 Link Reply

    Hi Raymund,

    Nag meet kame ng financial adviser 3 days before ako bumalik sa abroad, tas nong nasa abroad na ako, I sent to her the signed proposal dated nong time na nagkita kame, that’s less than a month from the time we meet.

    My question is it Valid or Not?

    • Raymund Camat Jan 27, 2016 Link Reply

      Please ask the head office po. I am not authorized to answer it. Thanks

  • Melvin S Ramos Jul 16, 2015 Link Reply

    I just want to share my experience as FInancial Advisor, one of my client from abroad call me with willingness to get an insurance/investment product. Honestly hindi ko siyang pwedeng i cater since according to the rule a client must sign the contract inside the Philippine soil, since the policy contract as well as the company is under by the Philippine law. In your case you can also contact your insurance company in order to talk that case para mas sure, maybe they have different explanation. thank you and God bless!!

    • Raymund Camat Aug 9, 2015 Link Reply

      Yes you are right, OFWs must sign the documents here in the Philippines to make the policy contract valid. NO problem with them working abroad, they just sign the documents perhaps during their vacation.

  • Glenn Carreon Aug 1, 2015 Link Reply

    Hi! Tanong ko lang po sana kung okay po ba yong Philippine Prudential life insurance company?

    • Raymund Camat Aug 9, 2015 Link Reply

      Yes legitimate insurance company naman po ang prudential Life Insurance, hindi lang maganda ang marketing and selling strategy nila sa mga malls.

  • chochi quizo Aug 6, 2015 Link Reply

    Good day sir raymund. i am from zamboanga del norte, western part of mindanao. am now working here in the province of zanorte and we are about to engage an insurance company for life insurance…would you willing to send us a business proposal for us to examine?and would you willing to present that business proposal to the employees of the cooperative?we are 240 employees more or less. if this would be ok for you, then you cans end us your proposal first thru email for us to study it and i will let you discuss the same in front of the staff. you know raymund, if we are decided to be with sunlife we are 240 more or less. certainly if the company will choose sunlife then all of us will subscribe with it because the management will make insurance a requirement for regular employees.
    thanks and best regards.

  • jomarie Aug 9, 2015 Link Reply

    Ask qlng po ang MB Life Insurance poh ba hnd scam?thanks for ur quicj response..God bless

  • summer grace Aug 17, 2015 Link Reply

    Hi po. Ano po ba ung bagay sakin na mabilis ang kitaan? Mutual fund po ang gusto ko….

  • Raul Aug 18, 2015 Link Reply

    Hi Raymond,

    Ask ko lang po tungkol sa APEC. May Life insurance kasi ako doon na fully paid since 2010 at mag mature after 15 years. Last year gusto ko na sanang withdraw pero sabi nila tawagan nalang daw ako pag puedi na kunin. Pero until now hindi pa sila tumawag. May pag asa pa kayang makuha yong?


  • Lorie Negrana Aug 19, 2015 Link Reply

    Hi sir. I’m planning to avail a life insurance that has good additional benefits. Any suggestion on what company I will choose and what package..thanks a lot.

  • kristian tagacay Aug 20, 2015 Link Reply

    Hello poh..tanung lng sana poh kng ok din bah ung cocolife insurance company dami po kc nag sasabi na scam ung company nila ehh..nag dadalawang isip ako tuloy kng mag invest ako sa kanila…dami din po nag cacancel ng mga investmen nila sa cocolife….

    • Raymund Camat Aug 20, 2015 Link Reply

      Just emailed you.

      • Art Jul 26, 2016 Link Reply

        Could you please email this to me as well. Im existing member but im confused if I will continue or not.

      • Jethro Masangkay Nov 15, 2016 Link Reply

        Hi Sir! I want to know more about cocolife and I think I’m gonna need your expert opinion. ( I think I’ve been scammed). Many thanks! God bless!

  • bea catarig Aug 24, 2015 Link Reply

    sir, anung insurance company ang mganda, im planning to get a life insurance.. salamat po

    • Raymund Camat Aug 27, 2015 Link Reply

      We recommend any of the top 5 insurance companies but any insurance company is ok as long as they have good track records.

  • Lein Pandaan Aug 25, 2015 Link Reply

    Hi Sir Raymund,

    magkano minimum amount para mka pag invest ng stock sa sunlife Grepa or Sunlife canada?
    saka anu rin requirements. thanks

    • Raymund Camat Aug 27, 2015 Link Reply

      Are you refering to SUn Life Mutual fund? The minimum initial investment is 5000 pesos and the subsequent investment is 1000 pesos minimum.

  • mirriam de fiesta Aug 27, 2015 Link Reply

    Why they are automatically deducted with out any confirmation of my account…
    Verry rude my hod
    Prodential life!!!

    • Raymund Camat Aug 27, 2015 Link Reply

      I am sorry with your experience with prudential Life. You can ask for refund from them. You could also ask the assistance of the Insurance commission if they will not give your refund.

  • Monica Aug 31, 2015 Link Reply

    Hi Sir,

    I signed a contract with AXA last month availing of their Life BasiX. Do you know any advantages and disadvantages on that program?


  • charllaine Sep 2, 2015 Link Reply

    Hi sir. I’m planning to avail a life insurance that has good additional benefits. Any suggestion on what company I will choose and what package..thank you!

  • Anonymous Sep 5, 2015 Link Reply

    Hi Raymond,

    I’m interested to explore life insurance especially sun life and VUL. Can you email me more overview as I’m at the exploring stage pa lang. Thanks!

  • Allan B. Alavata Sep 18, 2015 Link Reply

    Sir, inquire ko lang po if merong kayong VUL product with add-on benefit na i-compensate nya ang policy holder regular earnings in case of injury, illness, or alike na mawawala na yung kakayahan nya kumita?..with annual premium of 30k for 5 yrs?..

    Allan A.

  • Syril Sep 28, 2015 Link Reply

    Hello Sir Raymund,

    Please help what to do, gusto ko ipacancel ang comfirmation ko sa COCOLIFE nahimasmasan ako pag uwe dahil sa isang iglap nakuhaan ako ng 26K.
    Wala silang tanong tanong na ibabawas na nila or kung ok lang ba na i debit nila ang ganung halaga malilito ka sa kanila sa daming kakamay sayo at mag sasabing “CONGRATULATIONS” eh hindi naman ako sumali sa anong promo nila.. parang na hypnotize lang ako ng agent papasok sa loob ng branch nila.. yung pera that day may pag gagamitan ako then hindi na namin nabili dahil sa nangyare.. Nalabag ang aming personal decision about paying the 1st 1 year of insurance. Pls. Help po. thank you.

  • Chiroe Oct 6, 2015 Link Reply

    Hi Sir Raymond,
    Nag apply oo ung parents ko ng generali life insurance sa BDO para sa mga kapatid ko nung sept 24, 2015 .. nkapag deposit po ung father ko ng 60,000 nung araw na un para sa insurance ng dalawa kong kapatid pero ung application hndi pa po nila na esubmit. gusto po sana e cancel nlng nga father ko ung insurance ,ang sbi po nila may penalty daw po mlaki at hindi daw basta basta makukuha ng buo ung pera at matatagalan pa daw po.. ganyan po ba talaga? wla po kc kami maxado alam sa insurance lalo na po parents ko kinausap lng cla ng agent sa bdo.

    • Raymund Camat Oct 6, 2015 Link Reply

      You have the right to surrender the policies. You can get full refund if you submit a cancellation letter within 15 days. Just write a letter of cancellation and submit it to the BDO branch with Generali or even in the head office of Generali. Present any receipt that they gave you. There is a provision in the law for your protection. This is called the 15 days cooling off period wherein you can back out. Don’t be afraid. They are discouraging you not to back out because they will not get any commission at all.

  • ERNES Oct 14, 2015 Link Reply

    sir. cocolife po ang nag aalok sakin na kumuha ng life insurance sa kanila nong una sabi nila 29,000 a year maiipol lang daw yon ang kapalit ng pag iipon sa kanila ay may life insurance ako na nag kaka halaga ng 1M pag namatay ako at pag naka abot daw po ng 10 years may pensun nako to the 15 year lalaki na totoo po ba to?

  • Cha Oct 14, 2015 Link Reply

    Sir, legit po ba ang cocolife? nag avail po ako kahapon ng Personal Accident Insurance (GPA) worth 6k..
    pero may mga nabasa po akong bad comments sa kanila kaya para doubtful na rin po ako..

  • Carlito Oct 14, 2015 Link Reply

    Sir Raymond,

    What can you say about AXA and Sun Life? ano po ang mas ok in terms of Traditional policy nila and VUL’s nila? Nagbabase lang po ako sa top 2 companies..

  • Denese Santos Oct 16, 2015 Link Reply

    Sir,any comments in IMG especially Kaiser 3 in 1 (healh insurance,investment plan) also can I have a quote for insurance payable in 5years or 10years , im 34 years old

  • Maui Correa Oct 16, 2015 Link Reply

    Hi, just wanna ask.. Is COCOLIFE legit?I mean, is there a possibilities that this Life Insurance Company is a SCAM??Please answer me.. Thankyou

  • Denver Nov 5, 2015 Link Reply

    Hi Sir.

    Could you give me some suggestion. I am an OFW, a breadwinner, on my mid thirties and single. The only investment I have is in stock market and pre-need plan. Aside from investment, is there anything else that you can suggest for me to have such as Insurance? What type of Insurance I need, how much should it be or do I need medical coverage plan if in case i get sick or loss my job? Your suggestion will be very helpful for me to decide my next action. Thank you in advance.

  • wes Nov 13, 2015 Link Reply

    Hello Sir,
    Good day..
    I have 2 kids 7 & 17, and say I have 200k each for the two, can you advise me please what is best investment and insurance that Sunlife can offer. I believed the best is to put the money to an investment so it grows compared to the bank interest rate..
    I’m 36 non-smoker and working abroad.
    Please email me.
    Thank you.

  • Shelle Nov 20, 2015 Link Reply

    Hello sir,
    I just want to ask kung pde paba ako mag back out s MB life insurance? Almost a month na din nung nag apply ako,kc po may bagong nirecommend un fiancé ko which is Manulife Horizons at mas mura pa un monthly na hulog ko kesa sa MB life. May chances paba na ipacancel ko po un?

    • Raymund Camat Nov 25, 2015 Link Reply

      MB Life is legitimate but not as popular as Manulife. Canceling your insurance may not give you any refund.

  • venus Nov 23, 2015 Link Reply

    I’m looking for a life insurance company. Can u email me the process how can I have one.

  • emmanuel dado Nov 23, 2015 Link Reply

    hi sir tanong ko lng po kung legitimate po b ang philippine prudential?dami ko ksi naririnig n bumagsak n ito at ung iba scam?totoo po b un?thanku sir

    • Raymund Camat Nov 25, 2015 Link Reply

      Yes it is legitimate but some of their agents are unethical in terms of selling.

  • bea marie sosa Nov 23, 2015 Link Reply

    Hi Sir, I am 36 yrs old with 4 yr old daughter, meron na po ang akong eduacational plan ng anak ko philam, 1 more year tapos npo namen syang bayaran. This time gusto ko kumuha ng another investment plan..I just read na no. 1 pala ang sun life though wla pa kong idea sa mga plans nila. I’m planning to get axxelator po ng axa or life basics…im not a risk taker but i want to try ung high risk plan..or if a moderate plan naman po what can u suggest. check ko po ang sun life since no 1 pla sya..ano naman pong investment ang maganda dun? Please advise me.

  • Manuel Nov 24, 2015 Link Reply

    Hi Sir. I just graduated from med school. I’m planning to avail a life insurance. Any suggestion on what company and type of insurance (traditional, variable, or term) I will choose thank you!

  • cheryl Zaraga Jan 11, 2016 Link Reply

    hi sir ask ko lang po sana ano best na life insurance sa pinas ngayon and yung medyo ok naman po sa budget and of course yung good records


  • Mary Jan 12, 2016 Link Reply

    I want to know about your insurance policy and investment. Please send me brochure by email different options and benefits. Thanks

  • maylyn Jan 12, 2016 Link Reply

    Hi, plan namin kumuha ng educ plan and life insurance para sa aming mag-asawa, nag-inquire na ako sa ibang companies pero gusto ko ng maraming options…

  • JP AGAJANIAN Jan 17, 2016 Link Reply

    Hi Sir Raymond. would like to seek for your advise in whom to choose when it comes to life insurance companies when it comes to health and investment

  • Anne Jan 19, 2016 Link Reply

    Hi sir, my co workers introduced me to sun life, then, last month, bdo introduced me to generali. I have really zero ideas about this matter. Could you help me decide on what type of financial scheme should i invest? Iv heard about mutual funds sa mga frens ko but i dont understand.I really want to invest on something, pra hindi nman ma freeze lng sa bank yung pera ko. Please email me. Thanks a lot in advance.

  • Myraflor Lava Jan 20, 2016 Link Reply

    Pls email me about sunlife insurance. Thanks.

  • Cris Jan 21, 2016 Link Reply

    Hi Sir! A Pleasant good morning to you. Hope that you are in the pink of your health upon reading this. My wife is planning to get an insurance. As of now we still don’t know what is suited for us and for my 2 growing kids. I would prefer insurance that will cover death, VUL & education.
    Your assistance is highly appreciated.

    We are just earning enough to sustain or daily living. That is why we wanted to prepare for the future.

    Or if you have any suggestion, please do so.

    Thank you

    • Raymund Camat Jan 27, 2016 Link Reply

      I emailed you Sir,

      • Jane Mar 9, 2016 Link Reply

        Hello Sir, I’m on my early career life and I am planning to get plan from Philam or Sunlife, however I’m having difficulty deciding which company I would prefer since I can not see material difference on their products. I’m also having trouble assessing the track record and credentials of both company. I hope you can help me decide on where to invest and what product I should consider.
        Thanks in advance.

  • kate guinto Mar 5, 2016 Link Reply

    ..i would like to ask your personal opinion about generali life insurance and phil axa..thanks

  • Aliver Pepito Mar 9, 2016 Link Reply

    hello Sir Raymund Good Morning! meron lang po akng question anu po ang ibig sabihin ng PREMIUM INCOME sa pag rank ng mga Life Insurance Companies. and ano po ang basis na masasabi mo na they are top Life Insurance Companies in terms of PREMIUM INCOME. Thanks po sir hope for your reply.

    • Raymund Camat Mar 16, 2016 Link Reply

      Premium imcome = premium collected by the company from policy holders or clients.

  • onil isidro Mar 10, 2016 Link Reply

    sir gud am po ask ko lng po kung hindi scam ang phillippines prudential kc po nag p insured sa mall medyo hindi maganda pag ka explain skin kaya hindi ko maiintindihan po yun policy nila….tnx po n mabuhay.

    • Raymund Camat Mar 16, 2016 Link Reply

      Legitimated company naman po ang Prudential, hindi lang talaga magagaling agents nila magexplain ng product.

  • mccoy Mar 14, 2016 Link Reply

    Sir,ano pong magandang insurance company ?.im 30 yrs. old..planning to invest 30k per year for 5 yrs. at ano po mas maganda vul with life insurance or purely life insurance.thanks

  • Alvin Mar 15, 2016 Link Reply

    planning to get a life insurance,now that i will have to start a family of my own,plannig to get marry next year,ano po maipayo nyo na best insurance for me? also earning enough only to sustain daily need, also para sa future po…
    parang same as Sir Cris question,
    Thank you

  • Angie dela Cruz Mar 15, 2016 Link Reply

    Hi sir plan ko po sana kumuha ng insurance with investment po. Can u email me kung ano po magandang plan ang kunin ko. Ano po ba maganda sunlife po ba o axa po? Thanks.

  • Johnson Jun 29, 2016 Link Reply

    Good Day sir!
    May dalawa po akong VUL under philam 75K annully and manulife.100K for almost a year now.Im planning to cancel one of them coz I want to invest in MF. I need your advise on which one is to continue

  • hanna villamon Jun 29, 2016 Link Reply

    How can i cancel my life insurance With mblife? It is over 15 days.
    It is almost 40 days.

  • Dan Laguerta Jul 17, 2016 Link Reply

    Hi sir Camat, can I have the track records and ung different comparisons nung products of the different insurance companies kahit ung top 3 or 5 lang po for comparison purposes lang naman po, I am planning to get po kase a policy for myself and for my family, I want to know what best suit me,

    • Dan Laguerta Jul 17, 2016 Link Reply

      oooh pahabol po pala straight to the point sir, sunlife, philam, manu, or axa?

  • Riza Dawn Jul 18, 2016 Link Reply

    Sir Raymund, I’m planning to cancel a future savings plan. I’ve heard ayaw ng company mag receive ng cancellation letter at required pa daw mag attend ng conference. What could be my stand in this situation? Paano ko po ba ma jujustify ang cancellation ko. Hindi ko pa naman na-receive ang policy.

  • Cheth D. Jul 22, 2016 Link Reply

    Hi sir, Since nahospitalize and ngkasakit ang mother ko now ko Lang na realize ang importance ng insurance pero I’m quite confused Kung ano po yung affordable at pwede sa Amin.I used to work before pero since ngkasakit ang mother ko , I opt to become a full time mom and take care of my family.Gusto sana namin ng plan na Hindi Kmi mahihirapan maghulog at mabilis Lang intindihin , ang dami Kasi ng choices pero nakakalito..Iniisip din namin Kasi maginquire sa mga HMO pero pano pag Hindi ka naman ngkasakit..syempre po yun naman ang Dasal ng marami, ang wag magkasakit..In our case naging mahirap Lalo na at biglaan Kaya napaisip Kmi maginquire.Thank you so much for your time and god bless po.

  • Cheth D. Jul 22, 2016 Link Reply

    Hi sir, pa Include na rin po ng investment na ok pero affordable so I can discuss it to my family..Salamat po ulit

    • Noel Aug 17, 2016 Link Reply

      Please email to me the best option where to invest a certain money per a month, ranging from 10K to 30K a month. TY

  • MIC Aug 25, 2016 Link Reply

    Hi I am in my early 20s and I guess this is the best time to get an insurance. I am torn between getting it from Manulife or Sunlife although most of my friends prefer Sunlife but they can’t explain it, can you help me decide?

  • joel Sep 30, 2016 Link Reply

    is mb life insurance legit? thank u, sir.

  • Ria Apuli Sep 30, 2016 Link Reply

    I just want to ask if legitimate po ang MB life insurance? Thanks.

  • Jane B. Oct 6, 2016 Link Reply

    Hi Sir Camat. bakit po ine-encourage ng agent na ako or ung husbad ko n parent ang magpainsure instead of ung anak ko ang iinsure ko? and what is the difference ng traditional s VUL po? i am thinking po ng 5 year premium payment pero pang lifetime coverage po sana. how much will it cost me, say if i insure: a: myself turning 39 in november.. b: my husband turning 37 in december.. c: my child who just turned 1 last oct 1st. pwede nyo po b akong computan s cheapest n policy. thank you po. and can you compute for me another set, instead of 5 ay 8 years para macompare ko lang po. salamat.

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