Cherry De Vega, Bookkeeping and Compliance ReviewerReviewed by Cherry De Vega, Bookkeeping and Compliance Reviewer

Insurance companies in the Philippines

The Insurance Commission licenses 81 insurance companies, 27 HMOs, 12 pre-need companies and 68 brokers as of Aug 31, 2026, and the search below finds any of them by brand or company name.

Insurance companies:
81.
23 life, 42 non-life, 11 composite and 5 reinsurer or servicing.
Sell life insurance:
34.
23 life plus 11 composite insurers.
Sell non-life insurance:
53.
42 non-life plus 11 composite insurers.
HMOs:
27.
Pre-need companies:
12.
licensed for 2026.
Insurance brokers:
68.
Licensed agents:
139,920.
on the IC agent lists of Sep 25, 2026, counted once per company they sell for.

Biggest life insurers by 2025 premium income: Sun Life ₱61.8 billion, Pru Life UK ₱52.8 billion, FWD ₱52.5 billion

Biggest HMOs by 2025 revenue: Maxicare ₱29.2 billion, Intellicare ₱24.2 billion, MediCard ₱14.9 billion

IC licence lists as of Aug 31, 2026; IC HMO list; IC pre-need list; IC broker list; IC agent lists, Sep 25, 2026; IC life premium income, year to Dec 31, 2025; IC HMO statistics, 2025.

Searches the IC lists of insurers, HMOs, pre-need companies, brokers and cease-and-desist orders (Aug 31, 2026).
IC list

HMOs

Health maintenance organizations: Maxicare, MediCard, Intellicare and the rest.

27
Open the list

Biggest companies in each list

Each IC list ranks on a different measure, so compare within a list. Sun Life leads life insurers with ₱61.8 billion of premium income in 2025.

ListMeasureBiggest three
Life insurers34 licensedPremium incomeSun Life (₱61.8 billion), Pru Life UK (₱52.8 billion), FWD (₱52.5 billion)
Non-life insurers53 licensedGross premiums writtenPioneer Insurance (₱20.7 billion), Prudential Guarantee and Assurance (₱13.9 billion), Malayan Insurance (₱13.4 billion)
HMOs27 licensedRevenueMaxicare (₱29.2 billion), Intellicare (₱24.2 billion), MediCard (₱14.9 billion)
Pre-need companies12 licensedPremiumsSt. Peter Life Plan (₱22.8 billion), PhilPlans (₱702.5 million), Freedomlife (₱63.9 million)

Figures for the year to Dec 31, 2025, unaudited. Each list page has the full sortable table with every company's hotline and plans page.

Types of insurance licence

IC listWhat it may sellCompanies
HMOsPrepaid health care plans27
Life insurersLife insurance, VUL, endowment23
Non-life insurersMotor, property, fire, travel, surety42
Composite insurersBoth life and non-life11
Reinsurer and servicing companiesNot sold to the public, or existing policies only5
Pre-need companiesEducation, pension and memorial plans12
Insurance brokersPlace cover for you with an insurer68

An HMO and a health insurer are not the same. An HMO arranges agreed health services for members who pay a fixed fee in advance; an insurer pays the benefits written in a policy. Each holds a different IC licence, so a company with an HMO licence cannot sell you life insurance, and the reverse.

  • Insurer licences run three years. A Certificate of Authority ends on Dec 31 three years after it is issued and is renewed while the company keeps complying (Insurance Code sec. 193). HMO and pre-need licences are renewed by the IC under their own rules; pre-need licences are issued per licensing year.
  • VUL needs extra approval. A life insurer needs separate approval to sell variable life, and only an agent with a variable contract licence may sell it (sec. 238, 316).
  • Servicing companies sell nothing new. They only collect premiums, pay loans and surrender values, and reinstate policies already issued (sec. 286). The one professional reinsurer insures other insurers and does not sell to the public.

How to check a company

  1. Get the exact company name. It is on the policy, the plan contract or the official receipt. A brand such as Intellicare or iCare can belong to a company with a different legal name; the search above takes both.
  2. Match the Certificate of Authority number the company or agent gives you with the number on the company page here.
  3. Check the agent too. An agent needs an IC licence tied to the company they sell for. Search them on the agent check.

Claims and complaints

  1. File the claim or complaint with the company first, in writing, with the policy or plan number, what happened and what you want. Keep proof of the date. Each company page links the company's own claims page and hotline where it publishes them.
  2. No answer, or a refusal? Go to the Insurance Commission. It takes requests for assistance through its public assistance forms, by email to publicassistance@insurance.gov.ph or by phone on (02) 8523-8461 local 103 or 127.
  3. Report anyone selling without a licence to the IC Regulation, Enforcement and Prosecution Division, repd@insurance.gov.ph.

What the law then gives you depends on the licence:

  • If a claim is refused: you can file it with the IC instead of a court when it is ₱5,000,000 or less per claim (the limit since the 2013 amendment of the Insurance Code), not counting interest, costs and lawyer's fees. Either side can appeal to the Court of Appeals within 30 days.Insurance Code sec. 439
  • If an insurer becomes insolvent: the IC's Security Fund pays allowed claims that remain unpaid, up to ₱20,000 per claim under the Insurance Code as amended in 2013, and only for insurers authorized to do business in the Philippines.Insurance Code sec. 378
  • If a claim is refused: the IC regulates HMOs and sets the rules for adjudicating HMO claims, so the complaint goes to the IC.EO 192 sec. 4(a)
  • If an HMO fails: the IC can order measures to protect plan holders, including appointing a conservator, receiver or liquidator.EO 192 sec. 4(e), 4(i)

Pre-need planholders have their own rights (grace period, termination value, trust fund); see the pre-need page.

Insurance and your taxes

Companies the IC has stopped

The IC's Notice to the Public names 4 businesses ordered to stop selling without authority, all of them pre-need sellers: Majar Insurance Agency and Business Venture (Jun 19, 2017), One Life Memorial Systems Enterprise (Jun 14, 2016), Majar Senior Citizen Damayan (May 22, 2015), Win Mortuary Plan. None is on the IC's 2026 list of licensed pre-need companies.

Questions

What are the top insurance companies in the Philippines?

Sun Life, Pru Life UK, FWD led life insurers on 2025 premium income in Insurance Commission figures; the biggest non-life insurers, HMOs and pre-need companies are in the table above.

How do I know if an insurance company is legit in the Philippines?

Find it on the Insurance Commission's lists of companies with a Certificate of Authority. As of Aug 31, 2026 the IC lists 81 insurance companies, 27 HMOs and 12 pre-need companies. Search the brand or company name above; each result shows its licence number.

How do I file a complaint with the Insurance Commission?

Write to the company first and keep proof of the date. If it does not resolve the issue, ask the IC for assistance (publicassistance@insurance.gov.ph). For a refused claim of ₱5,000,000 or less against an insurer, the IC can decide the case instead of a court (Insurance Code sec. 439).

Is life insurance taxable in the Philippines?

proceeds paid to heirs or beneficiaries when the insured dies are not taxable income. Interest the insurer pays on proceeds it keeps for you is taxable. (NIRC Sec. 32(B)(1), in force since Jan 1, 1998.) proceeds on your own life count in your gross estate when they are paid to your estate, or to a beneficiary you can still change. They stay out when the policy names the beneficiary as irrevocable. (NIRC Sec. 85(E), in force since Jan 1, 1998.)

What does a Certificate of Authority number look like?

Insurers carry numbers such as 2025/17-R, HMOs such as HMO-2026-10-R, pre-need companies such as PN-03-2026-R and brokers such as IB-01-2025-R. Each company page shows the number exactly as the IC lists it.