Who are the Top 5 Insurance companies in the philippines?

Out of all the insurance companies in service in the country at present, there are always a few that would stand out. It does not only count to have a high rank because of financial standing, but great companies would also provide excellent services and a wide range of insurance products for their clients.

If you are looking to invest in your first policy, but are confused about which company to buy insurance from, we have come up with a guide that will help you make an educated decision on which company to invest with.

How to judge if an insurance company would be stable?

There would be many ways by which you can judge if a life insurance company would be good or not. The first thing you have to consider before investing in life insurance with that particular company would be if they would be accredited by the Philippine Life Insurance Commission. If they are accredited, it would mean that they have passed the standards that this government institution has set for a life insurance company.

Consider as well if they have a responsive customer service line. This would be important if you would have any problems with your policy, later on, the ease of being able to call and talk to someone about your concern is important when you consider investing with a certain company.

Top 5 life insurance companies

All companies would claim that they would be the best one. That is a given in the world of business. However, here are the top five insurance companies, in no particular order. They appear on this list because they have something unique to offer, and they would stand out in the very vast sea of life insurance providers that are active in the Philippines nowadays.

BPI-PhilAm

This would be one of the biggest and most successful bancassurance insurance companies in the Philippines today. This insurance provider would be a product between the team-up of the Bank of the Philippines Islands and the Philippine American Life and General Insurance Corporation, or better known as PhilAm Life.

Philippine AXA Life Insurance Corporation

AXA is also a team-up between an insurance company and a bank. In this case, it would be a joint effort of the AXA group, which is based in France and the Metrobank Corporation. They would provide flexible life insurance products that would cater to all your family’s needs.

Manila Bankers Life Insurance Corporation

Manila Bankers Life or MBLIFE has been known to provide many types of life insurance products for any type of financial needs. They would even have products that would cater to business owners, to safeguard profits from businesses and also to money lenders, to be able to keep them safe in case their borrowers stop paying their loans.

Manulife Philippines

This is one of the insurance companies that has been long-established and stable. It was founded in 1910, and it is a mutual company. This means all the policyholders are also considered owners of the company.

Sun Life of Canada, Philippines

This insurance company has always been consistently topping the charts when it comes to providing life insurance, They would offer comprehensive life insurance policies that would make sure that their policyholders would be ready for whatever emergencies life would throw their way.

These would be the five companies on our list. They were able to make the list because of their impeccable customer service, and variety in terms of the policies that they offer to their clients. They would also have many satisfied clients that would be a testimony of how good a company they are.