1980: PALAC is officially registered with the SEC.
1985–1987: LICAP is formed, then renamed to LIAP.
1989: LIAP and PALAC merge to create PLIA, uniting the life insurance industry.
1995–2000: Major global insurers enter: Aetna, Jardine CMG, ING, Pru, Zurich, Generali, Sony Life, AXA, New York Life, Nippon, MetLife.
2002: Variable Life (VUL) products are introduced, combining protection and investment.
2009: PLIA membership becomes mandatory (IC CL 2009-24).
2010: Microinsurance launched (IC IMC 2010-01); RA 10001 cuts premium tax from 5% to 2%
2014: E-commerce guidelines introduced (IC CL 2014-47).
2015–2016: Bancassurance rules (IC CL 2015-20), conglomerate structure (IC CL 2016-53), and Medical Information Database (IC CL 2016-54) launched for better risk management.
2020: Remote selling is institutionalized (IC CL 2020-109).
2022: Takaful (Islamic insurance) introduced (IC CL 2022-04).
2023: Financial Consumer Protection Act takes effect (IC IMC 2023-01).
2025: Another IFRS17 extension to 2027 (IC CL 2025-04).
PLIA celebrates its 75th anniversary — decades of protecting Filipino lives!
President's Message
Welcome to the website of the Philippine Life Insurance Association, Inc. (PLIA).
Since 1950, PLIA has served as the collective voice of all life insurance companies in the Philippines. Our industry plays a vital role in protecting Filipino families and helping them build financial security through life, health, savings, and investment solutions. We also contribute significantly to nation‑building through long-term investments in government securities, tax remittances, and the many CSR programs of our member companies.
On our 75th anniversary, PLIA remains ever committed to our advocacy of making insurance a real, relatable, and reliable bridge for Filipinos to help them protect their future. And we do this by ensuring that our product design and distribution channels are relevant to the times. Most of all, we are committed to fostering a stable and inclusive insurance sector that upholds the highest ethical and professional standards as expected of us by the public and regulatory boards for our members.
As such, strengthening public trust is central to our mission. Public education continues to be one of our priorities. We strive to broaden awareness of the value of life insurance, recognizing that an informed public is essential to improving insurance penetration and advancing financial inclusion in the country.
As you explore our platform, we hope you find meaningful information about our industry, our work, and the many initiatives we undertake on behalf of the Filipino people.
Warm regards and best wishes.
President
Life Insurance Industry Contribution to Society and Government
As the industry pursues its mission of providing Filipino families with financial protection through the benefits of life insurance, it significantly contributes in various means to society and the national government.
Taxes Paid Going to Government Coffers
Insured Lives Protected
(51% of population)
Invested in Government
Securities & Bonds
(60% of total
industry invested assets in the
capital market)
Benefits Paid to Policyholders
Dividends Paid to Policyholders
Individuals Employed Nationwide Across 926 Branch Offices
Agents Empowered with Rewarding Careers