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Pre-need companies post higher premiums
Business World Philippines
|October 29, 2025
THE PRE-NEED INDUSTRY saw its premium income inch up by 2.82% year on year at end-June amid higher plans sold.
The sector’s premium income stood at P11.49 billion as of June, up from P11.17 billion in the same period last year, according to Insurance Commission (IC) data based on the submissions of 13 licensed pre-need companies.
Its combined net income surged by 84.67% to P5.32 billion in the period from P2.88 billion a year prior, with only four companies posting losses.
The number of plans sold by pre-need firms in the first six months rose by 29.47% to 424,467 from 327,841 last year.
Bulk of the plans sold were life policies, which rose by 29.39% to 423,727.
Sales of pension plans jumped by 117.41% year on year to 687, while education plans sold rose by 47.22% to 53.
Denne historien er fra October 29, 2025-utgaven av Business World Philippines.
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