Our Beginnings & Milestones



Insular Life was established on November 25, 1910 at a time when the Philippines was flexing its wings as a fledgling nation at the dawn of the 20th century. Today, as the Philippines’ leading and largest Filipino life insurance company, we take pride in our role in securing the lives of Filipino families for over 100 years. Our roster of products – from ordinary whole life, endowment, and limited-payment plans, to pension, college education, group, and investment-linked plans – are attuned to the changing needs of individuals as they move through life’s different stages, providing them with the means to successfully plan for and achieve their family’s financial security.

Insular Life is anchored on our fundamental corporate values: Love of God and Country; Integrity; Excellence; Prudence; Respect for the Individual; and Teamwork. Through years of growth and of struggle, these values have remained constant, guiding generations of Insular Life officers and employees in serving thousands of our policyholders, and other stakeholders.

We have a long tradition of steadfast commitment to our policyholders. Insular Life demonstrated this trait most vividly in 2013, in the aftermath of the devastation wreaked by Super Typhoon Yolanda in the Visayas – the strongest typhoon to make landfall in recorded history. We were the first life insurance company to resume operations in Tacloban, which inarguably took the worst hit in the country. Indeed, our legacy of putting our policyholders’ welfare first is deep-seated, as exemplified during World War II when Insular Life honored pre-war and Japanese occupation commitments regardless of its toll on the Company’s reserves.

As one of the pioneering life insurance companies in the Philippines, Insular Life is credited for introducing a number of groundbreaking moves in the industry. In 1953, we introduced the first school of insurance in the Philippines. The following year, we lowered our premiums -- the first insurance company to do so. In 1958, Insular Life introduced what would soon be a hugely successful business line: industrial life insurance which was intended for lower-income earning Filipinos. Insular Life’s most significant step, however, was our mutualization, completed in 1987, which effectively made Insular Life’s policyholders part owners of the Company.

Insular Life Today


Insular Life today is the only Filipino life insurance company among the industry’s leaders. We continue to deliver a solid performance, posting Php2.9 billion in consolidated net income by end of 2014. A cornerstone of Insular Life’s financial stability is our strong asset base which has consistently increased through the years, reaching Php101.3 billion (consolidated figure) in 2014. Our business-in-force by end-2014 stood at P235.4 billion, reflecting a growing number of policyholders.

We continue to deliver a solid performance, posting Php2.9 billion in consolidated net income by end of 2014. Our total business-in-force by end-2014 stood at P235.4 billion , reflecting a growing number of policyholders.

We transferred our headquarters at the Insular Life Corporate Centre in Filinvest, Alabang in 2001 in a symbolic step towards the fast-paced and I.T. based 21st century. Here, fully in step with the demands of the modern world but rooted in its unique heritage, we continue to design innovative and responsive products and services for Filipino families to help them realize their dreams.

Subsidiaries and Affiliates

Beyond life insurance, we have diversified into related financial services through our subsidiaries and affiliate: Insular Health Care, Inc., Insular Investment Corporation (IIC), HomeCredit Mutual Building and Loan Association, Inc. (HomeCredit), and affiliate Mapfre Insular Insurance Corporation.

Corporate Citizenship

We practice responsible corporate citizenship through the Insular Foundation, Inc. Formerly known as the Insular Life Educational Foundation (ILEF), Inc., Insular Foundation is focused on education and on nation-building. Our current programs are: the Insular Gold Eagle Award which includes the Insular Scholarship Grant under the University of the Philippines, Diliman, and selected State Universities in the provinces; Gawad Kalinga Volunteerism Program at the GK Manggahan-Kawayanan, Parañaque; Adopt-a-Scholar Program with the Itaas Elementary School, Muntinlupa.

Insular Life has also been supporting the Filfest Foundation through venue grants at our Tanghalang Haribon which showcases exceptional artistic talents of Filipinos in music.

Insular Life Milestones


Insular Life was incorporated and organized on November 25, 1910 as the first Filipino life insurance company.


Insular Life occupied its own building in Plaza Moraga, then the best commercial and office district in Manila.


Insular Life opened its Hawaii Division. During the Second World War, the division was orphaned due to the occupation of Manila but was allowed to operate independently due to the high esteem enjoyed by the company in the American territory. As a subsidiary it was also allowed to remit dividends to the home office, which helped the company during the war years.


Insular Life assumed the business written by the Filipinas Life Assurance Company.


The Company was able to get back on its feet through a special rehabilitation arrangement by the government through the Rehabilitation Finance Corporation which subscribed ₱11.7 million worth of preferred stocks of Insular Life.


The Hawaii Division was incorporated as the Hawaiian Life Insurance Company, Ltd. The new company was the first domestic life insurance company in Hawaii and remained a fully-owned Insular Life subsidiary. In 1955, Insular Life divested from Hawaiian Life and sold its shares of the company to the American General Insurance Group of Texas.


Insular Life lowered its premiums, the first insurance company to do so. It also assumed the peso business underwritten by Occidental Life Insurance Company of California in one of the biggest transactions in the local insurance industry.


Insular Life introduced industrial life insurance in the Philippines.


Insular Life offices transferred to its new building at Ayala Avenue corner Paseo de Roxas Avenue in Makati. The building was designed by renowned architect Cesar H. Concio. National Artist Napoleon Abueva installed the bas-relief depicting Philippine history, industry and culture on the facade of the building.


The Office of the Insurance Commissioner approved the Mutualization Plan of Insular Life, making it the first Filipino life insurance company to mutualize. Mutualization would transfer ownership of the company from its stockholders to its policyholders.


Insular Life became a fully-mutualized company.


Insular Life embarked on an investment diversification strategy intended to expand the range of financial services to offer clients, as well as provide opportunities for profit and growth. During the year, the company also adopted a new logo, using the Company initials "IL".


Insular Life Health Care, Inc., Insular Life's health care insurance subsidiary was established. Insular Life also acquired a 20-percent equity in Unionbank of the Philippines and a 49- percent equity in Asian Oceanic Investment House (AOIH) and a 99.9-percent equity in a savings bank later renamed Insular Savings and Trust Company.


The company acquired 100-percent ownership of the AOIH and renamed it Insular Investment and Trust Corporation.


Insular Life transferred to its new headquarters, the Insular Life Corporate Centre in Alabang, Muntinlupa City.


The company celebrated its 95th Anniversary. It received its first Reader’s Digest Gold SuperBrand Award. It also launched its first investsment-related product, Wealth Builder. Insular General Insurance merged with the Mapfre Asian Insurance Corporation, forming the Mapfre Insular Insurance Corporation.


Insular launched its Magandang Araw Policy Servicing Brand, and the Magandang Araw Insular Interactive Voice Response System. The Company received two awards for the book Common Threads, Uncommon Lives: Profiles of TOFIL Awardees, 1988-2005: a Philippine Quill Award of Merit from the International Association of Business Communicators and an Anvil Award of Excellence from the Public Relations Society of the Philippines.


Insular Life re-launched the Insular Life Gold Eagle awards, providing scholarships to BS Education students enrolled in the University of the Philippines Diliman. The International Association of Business Communicators Philippines conferred a Merit Award to Insular for its anniversary magazine, Pursuits: Of Inspiring Lives and the Filipino Dream.


Insular Life launched i-EAGLE, the company’s web-based Customer Portal. A private and secured site, it allows policyholders instant 24/7 online access to their policy’s information and company updates; a mailbox; and i-CHAT, an online facility that enables direct connectivity with a Customer Care Specialist for real-time response.


Insular was awarded a Philippine Quill Merit Award given by the International Association of Business Communicators Philippines for its 2009 corporate calendars, Alamat at Mitolohiya.


Insular inaugurated marked its centennial year, and launched its new brand identity- the Guardian Eagle. The Insular Group's consolidated assets reached ₱72 billion. The company also achieved an all-time high of ₱2.6 billion in net income. The company inaugurated the Insular Life Cebu Business Centre, a 12-storey building utilizing green architecture located at the central business district of Cebu.


Insular Life received the Top Prize in the Communication Skills Category in the 10th Philippine Quill Awards and Excellence Award for Publication for its centennial coffee table book, 1910/2010: The Century Past, A Century Forward. The company also received the Award of Excellence for Writing and a finalist trophy for Special Events Management (Internal or External) of its centennial musicale, 100: Insular Life's Musical Journey in C Major; and Merit Award for the design of its 2011 calendars, Planned Spaces, Human Spaces, Living Architecture for the Filipinos from the Philippine Quill Awards.


Insular Life's coffeetable book, 1910-2010: The Century Past, A Century Forward, and 2010 corporate calendar Planned Spaces, Human Spaces, Living Architecture for the Filipinos won excellence trophies during the 47th Anvil Awards.


Insular Life was the first life insurance company to resume operations in Tacloban in the wake of the devastation wrought by the strongest typhoon to make landfall in recorded history, Yolanda (Haiyan), in the Visayas area. The Company quickly opened its doors to serve policyholders who were victims of the calamity.


Lea Salonga is introduced as brand ambassador. I-Serve, an online policy servicing innovation that allows policyholders to apply for a Policy loan and withdraw dividends through the internet, is launched.

The Insular Life Group and Affiliates

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