Pru Life UK has launched PRUTerm Lindungi, its first Islamic law-compliant life insurance plan in the Philippines, offering accessible and ethical financing protection for as low as P250 a year.
InLife, the Philippines’ largest Filipino-owned life insurer, has finalized its acquisition of 100 percent of Generali Life Assurance Philippines, following regulatory approvals from the Insurance Commission and the Philippine Competition Commission.
Finance Secretary Ralph G. Recto has urged the Insurance Commission (IC) to go beyond its traditional regulatory mandate and embrace a transformative role as the "tireless guardian of the Filipino dream."
In a move to strengthen social protection for gig economy workers, Grab Philippines and motorcycle taxi platform Move It have joined forces with AXA Philippines and PhilPacific Insurance Brokers & Managers Inc. (Philinsure) to provide free life insurance for top-performing driver-partners.
With Filipinos generally living longer lives, many fear outliving their savings, being unable to afford necessary healthcare, and experiencing a diminished quality of life, according to a study of InLife.
The collaboration is designed to help micro, small, and medium enterprises (MSMEs) and corporate clients safeguard against risks like fire, floods, theft, and food poisoning.