Tag page - Pre need insurance

The Insurance Commission (IC) raked in more than half-a-billion-pesos from registration and supervision fees last year, largely fueled by examination fees paid by insurance agents. The IC's data revealed that the agency collected over P518 million from January to December 2023, a 3.83 percent...

The Insurance Commission (IC) reported on Wednesday, Dec. 13, that pre-need companies bounced back from the high benefit claims the industry experienced last year. In a statement, IC said that the pre-need industry reported a net income of P1.79 billion from January to September this year, marking...

The pre-need industry’s net income surged to P11.21 billion in the first half of the year amid an increase in the number of memorial plans sold, the Insurance Commission (IC) said. According to IC data, this was a 9.45 percent increase collected from January to June last year. The commission said...

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...