In 2022, the total value of the sum assured of the life insurance industry in the Philippines amounted to approximately 12.98 trillion Philippine pesos. This reflects an increase from the previous year's total of 11.33 trillion Philippine pesos. Sum assured is the amount of the coverage outlined in the insurance policy that the policyholder is guaranteed to receive from the insurer before any bonuses.
Total value of sum assured of the life insurance sector in the Philippines from 2016 to 2022
(in trillion Philippine pesos)
Characteristic
Sum assured in trillion Philippine pesos
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Insurance Commission. (January 25, 2024). Total value of sum assured of the life insurance sector in the Philippines from 2016 to 2022 (in trillion Philippine pesos) [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/1299511/philippines-sum-assured-of-life-insurance-industry/
Insurance Commission. "Total value of sum assured of the life insurance sector in the Philippines from 2016 to 2022 (in trillion Philippine pesos)." Chart. January 25, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/1299511/philippines-sum-assured-of-life-insurance-industry/
Insurance Commission. (2024). Total value of sum assured of the life insurance sector in the Philippines from 2016 to 2022 (in trillion Philippine pesos). Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/1299511/philippines-sum-assured-of-life-insurance-industry/
Insurance Commission. "Total Value of Sum Assured of The Life Insurance Sector in The Philippines from 2016 to 2022 (in Trillion Philippine Pesos)." Statista, Statista Inc., 25 Jan 2024, https://www.statista.com/statistics/1299511/philippines-sum-assured-of-life-insurance-industry/
Insurance Commission, Total value of sum assured of the life insurance sector in the Philippines from 2016 to 2022 (in trillion Philippine pesos) Statista, https://www.statista.com/statistics/1299511/philippines-sum-assured-of-life-insurance-industry/ (last visited July 22, 2024)
Total value of sum assured of the life insurance sector in the Philippines from 2016 to 2022 (in trillion Philippine pesos) [Graph], Insurance Commission, January 25, 2024. [Online]. Available: https://www.statista.com/statistics/1299511/philippines-sum-assured-of-life-insurance-industry/