Insuring the Filipino Dream
Insular Life was established on November 25, 1910 at a time when the Philippines was flexing its wings as an independent country. 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 six 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 hundreds of thousands of its policyholders.
Insular Life has a long tradition of steadfast commitment to its policyholders. The Company demonstrated this trait most vividly during World War II when it 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, it introduced the first school of insurance in the Philippines. The following year, it lowered its 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 its 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 top five industry leaders. It continues to deliver a solid performance, posting P2.9 billion in net income by end of 2011. A cornerstone of Insular Life’s financial stability is its strong asset base which has consistently increased through the years, reaching P80.5 billion in 2011. Its business-in-force of P211 billion reflects a growing number of policyholders.
Insular Life transferred its headquarters at the Insular Life Corporate Centre in Filinvest, Alabang in 2001 in a symbolic step toward 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, Insular Life continues to design innovative and responsive products and services for Filipino families to help them realize their dreams.
Subsidiaries and Affiliate
Beyond life insurance, Insular Life has diversified into related financial services through its subsidiaries and affiliate: Insular Life Health Care, Inc. (IHCI), Insular Investment Corporation (IIC), HomeCredit Mutual Building and Loan Association, Inc. (HomeCredit), and affiliate Mapfre Insular Insurance Corporation.
Insular Life practices responsible corporate citizenship through the Insular Life Foundation (ILF), Inc. ILF, formerly known as the Insular Life Educational Foundation (ILEF), Inc. is focused on education and on nation-building. Its current programs include the 57-75 Campaign participation, Insular Life Gold Eagle Award, Adopt-a-Scholar Program with the Itaas Elementary School in Muntinlupa, Literacy Campaign consisting of a Storybooks Donation, a Storytelling Caravan, and Storytelling Workshop, and Filfest Music Festival. One of its cornerstone projects is The Outstanding Filipino (TOFIL) award program in partnership with the JCI Senate Philippines. Since the program’s beginning in 1988, TOFIL has recognized 115 Filipino men and women who have excelled in their profession and have contributed to the upliftment of their communities.