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Types of Insurance:
A. Life Insurance
B. Health Insurance
C. Non-life Insurance
Examples of Different Types of Insurance
LIFE INSURANCE
Sun Life of Canada (Philippines)
Insular Life Assurance Co., Ltd.
Pru Life Insurance Corporation of UK
Philippine Axa Life Insurance Corporation
HEALTH INSURANCE
PhilHealth
Insular Health Care
NON-LIFE INSURANCE
Pioneer Insurance & Surety Corporation
Prudential Gtee. 7 Assce., Incorporation
Categories of Insurance Company:
A. Composite Insurance Company
- is an insurance company that offers a full range of life and
non-life insurance services. (e.g., Philippine American Life and
General Insurance Company)
B. Non-Life Insurance Company
- provides insurance from automobiles up to homeowners
payment.
C. Life Insurance Company
- caters death benefits and lifespan of the insured through
its premium payments.
Background
First foreign company in the country
One of the leading life insurance companies
Approved by SEC
Opened its doors in 1907
A subsidiary of Manulife Financial Corporation, based in
Canada.
PRODUCTS THEY OFFER
Protection
Wealth
Retirement
Education
Health
Business
Operates a pre-need subsidiary, Manulife
Financial Plans (MFP) & bancassurance
venture company Manulife China Bank Life
Assurance Corporation (MCBL) w/ China
Banking Corporation
MBPS a subsidiary of MFP
Reportorial Requirements mandated by
Insurance Commission
Division Report Frequency