04/02/2026
More Filipinos are buying insurance, but the country remains dangerously underinsured. The Insurance Commission said insurance pe*******on rose to 1.78% in 2025, up from 1.67% in 2024, while insurance density hit a record ₱4,384.56, from ₱3,894.03 a year earlier.
Those gains look encouraging on paper, but the reality beneath them is harder to ignore. Even with “record” figures, insurance coverage still reaches only a small slice of a population exceeding 110 million. Millions of households remain one hospital bill, disaster, or income shock away from debt or financial collapse.
Life insurance drove nearly all of that growth, accounting for 1.44 percentage points of total pe*******on. Life insurers also paid out ₱121.88 billion in benefits in 2025, providing financial relief to families dealing with death, illness, and accidents.
Regulators say financial literacy and inclusion programs will continue, but until coverage expands faster, insurance remains out of reach for many Filipinos who need protection the most.
𝑰𝒇 𝒊𝒏𝒔𝒖𝒓𝒂𝒏𝒄𝒆 𝒊𝒔 𝒎𝒆𝒂𝒏𝒕 𝒕𝒐 𝒑𝒓𝒐𝒕𝒆𝒄𝒕 𝒇𝒂𝒎𝒊𝒍𝒊𝒆𝒔, 𝒘𝒉𝒚 𝒂𝒓𝒆 𝒔𝒐 𝒎𝒂𝒏𝒚 𝒔𝒕𝒊𝒍𝒍 𝒈𝒐𝒊𝒏𝒈 𝒘𝒊𝒕𝒉𝒐𝒖𝒕 𝒊𝒕?
Report by radar Business
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