Total value of variable life insurance premium income Philippines 2017-2023

Published by
Christy Balita,
Mar 25, 2024
The premium income from variable life insurance written by life insurance companies in the Philippines was valued at approximately 205 billion Philippine pesos in 2023, indicating a decrease from the previous year's value. Variable life insurance is a type of life insurance that has an additional investment benefit aside from death, disability, and living benefits.

Premium income from variable life insurance written by life insurance companies in the Philippines from 2017 to 2023 (in billion Philippine pesos)

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Release date

March 2024

Region

Philippines

Survey time period

2017 to 2023

Supplementary notes

One Philippines peso is equal to 0.018 U.S. dollars and 0.016 euros as of March 2024.
Figures prior to 2022 came from earlier reporting.

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