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May 20, 2022
Only a small sliver of the Philippine population, less than 2%, avails itself of insurance. This is one of the lowest rates in Asia.
April 11, 2022
THE pre-need industry saw its total net income surging to P2.1 billion last year as it sold more life plans amid the Covid-19 pandemic. Latest data from the Insurance Commission showed total net income of the industry jumped by 36.73 percent from P1.55 billion in the same period in 2020.…
March 3, 2022
The Insurance Commission (IC) has placed another pre-need firm under conservatorship due to trust fund deficiencies, the Department of Finance (DOF) said on Thursday, March 3. In a statement released by the DOF, the IC said the agency ordered Eternal Plans Inc. (EPI) to be placed under conservat
March 3, 2022
The Insurance Commission has placed pre-need provider Eternal Plans Inc. under conservatorship for its failure to deliver the backlog in its trust fund.
January 24, 2022
The Insurance Commission (IC) has placed pre-need firm Himlayang Pilipino Plans, Inc. (HPPI) under conservatorship due to poor financial management. In a statement, Insurance Commissioner Dennis B. Funa said on Monday, Jan. 24, that HPPI was placed under conservatorship following its “continuing