Insular Life, officially known as The Insular Life Assurance Company, Ltd.
(InLife), is the
Philippines' first and largest Filipino-owned life insurance company. Established on November
25, 1910, in Manila, it has over a century of experience in providing financial protection,
savings, investments, and retirement solutions to Filipinos.
Historical Milestones
1910: InLife was incorporated, becoming the first Filipino life insurance company.
1934: Opened its Hawaii Division, marking its first overseas expansion.
1958: Introduced industrial life insurance in the Philippines.
1976: Approved for mutualization, transitioning ownership from stockholders to
policyholders.
1987: Completed full mutualization, reinforcing its commitment to policyholders.
2001: Moved headquarters to the Insular Life Corporate Centre in Alabang, Muntinlupa
City.
2015: Implemented the Automated Underwriting System (AUS), enhancing efficiency in
policy issuance.
🏢 Organizational Structure
InLife operates as a mutual life insurance company, meaning it is owned by its policyholders,
referred to as Members. This structure ensures that the company's interests are aligned with those
of its policyholders.
🌟 Mission and Vision
Mission: To provide a full range of high-value insurance products and related services
that empower families to attain financial security and fulfill their dreams, contributing to
a stronger Philippines.
Vision: To be the market leader in the insurance industry to whom more Filipinos entrust
the financial security of their families.
🏆 Recognitions and Awards
InLife has received numerous accolades, including:
Top Life Insurer in Customer Experience by KPMG’s
Global Customer Experience Excellence Report 2024.
Best Companies to Work For in Asia 2023 by HR Asia.
Domestic Life Insurer of the Year – Philippines at the Insurance Asia Awards 2017.
🌐 Subsidiaries and Affiliations
InLife extends its services through various subsidiaries and affiliations, including:
Insular Health Care, Inc.: Provides health maintenance organization (HMO) services.
Insular Investment Corporation: Offers investment and trust services.
UnionBank of the Philippines: InLife holds a 13.72% stake, facilitating bancassurance
partnerships.
SERVICES OFFERED:
Life Insurance Plans
Wealth Assure Plus: A customizable variable unit-linked (VUL) plan combining life and
health protection with investment growth. It offers flexible riders such as critical illness
and accidental death benefits, and is ideal for young families and professionals.
iProtect: An affordable and renewable term life insurance plan designed to provide
essential protection without compromising current financial needs.
Abundance: A plan that offers life protection along with guaranteed regular cash
payouts, providing financial flexibility for various life stages.
Prime Secure Lite: A one-time payment term insurance plan with added COVID-19 and
accidental death coverage, available fully online.
❤️Health Insurance & VUL Health Packages
Resilience: A limited-pay whole life and health insurance plan offering accelerated
critical illness cash payouts and additional health benefits.
iCare Health Plans: Managed by Insular Health Care, Inc., these HMO plans provide
access to a wide network of accredited hospitals and medical specialists nationwide.
VUL Health Packages: Plans like Wealth Secure Health and Wealth Assure Health
combine life insurance with investment components, offering coverage for dread diseases
and hospitalization, along with potential fund growth.
🎓 Education Insurance
Wealth Assure Education: An investment-linked insurance policy designed to secure
your child’s educational future, with flexible payment terms and optional add-ons for
accident, disability, and health coverage.
💰 Investment & Savings Plans
Solid Fund Builder: A single-pay VUL plan aimed at helping policyholders achieve
significant financial milestones, such as earning their first million, through strategic
investments.
Dollar Solid Fund Builder: A dollar-denominated version of the Solid Fund Builder,
allowing for investment growth in foreign currency.
Assurance & Assurance Prime: Plans that offer life protection with the opportunity to
build funds for changing needs, featuring flexible payment options.
🧓 Retirement Insurance
Retire Assure: The Philippines’ first true retirement insurance product, providing
guaranteed monthly income from age 60 to 100, with flexible premium payments and no
medical evaluation required.
👥 Group & Business Solutions
Health Care: Comprehensive health care benefits for employees, allowing them the
freedom to choose their preferred licensed doctors and hospitals.
Retirement Fund Management: A robust retirement fund management and life
insurance plan designed to secure the financial future of businesses and their employees.
Credit Protection: Insurance that protects businesses from financial loss in case of
unfortunate events affecting borrowers with unpaid loans.
Accident Protection: Provides financial protection to an employee’s family in the event
of accidental death.
Solutions for Small Groups: Customizable employee benefits solutions tailored to the
needs of small groups and businesses.
