The best life insurance in the Philippines can be determined by its financial reports. This means that a company is trusted, stable, and has enough assets to keep its promise of security.
Stability is one of the top criteria to look for in a life insurance company. After all, you are searching for a company that will be there to help you and your family if something bad happens – and it could be years or decades from now.
So, you want a company with a stable history and hopefully a stable financial future that will have the money to pay out a large sum of money if you pass on or if your projected risks become real. One way to look at its financial security is its assets, income, new business (getting aggressive), networth, and netcome.
Here, we list the top insurance companies here in the Philippines, based on objective quantitative financial data from the Insurance Commission. These companies scored highly and were ranked based on average and number of “medals.”
Top 10 Life Insurance Companies
(See computation below)
Best Life in the Philippines by Average (Overall)
To get the top 15, the method we used in this article is to rank the top life insurance companies each year and get the weighted average of the rankings for the last five years.
Life Insurance Company with the Most Gold
Another approach is to count only those with gold, silver, or bronze medals like the Olympics. Some like to say that the one with the most gold wins. Some like to say that the one with the most metal medal wins.
The top insurance companies in the Philippines are ranked by the Insurance Commission based on six essential statistics released by the government every year.
The five criteria to determine the top life insurance companies are:
Below is the lives sheet of the computation process. Click on the tabs to get the details of the rankings for each criteria.