The Philippine life insurance industry recorded strong growth in the first half of 2026, with total premium income reaching ₱229.98 billion, up 17.9% from the same period last year. At the same time, life insurers paid a total of ₱69.2 billion in benefits to policyholders and beneficiaries, representing a 19.5% increase year-on-year.
“The industry's continued growth reflects the increasing recognition among Filipino families of the importance of financial protection, savings and long-term financial security. More importantly, the ₱69.2 billion paid in benefits during the first half demonstrates how life insurance delivers on its promise when customers need it most,” said Sjoerd Smeets, President of the Philippine Life Insurance Association (PLIA).




