Beneficial Life Insurance Co., Inc. (BenLife) is a wholly Filipino-owned life insurance company established on March 16, 1960. From an initial authorized capitalization of P2.5 million, it now has over P1.1 billion in Paid up capital, P2.6 billion in equity and over P6.9 billion in consolidated resources (based on audited consolidated financial statements as of December 31, 2016).
As stated in the Insurance Code as Amended published in 2013, the required net worth of all domestic insurance companies doing business in the Philippines should be at least P1.3 billion by December 31, 2022. BenLife has already complied with this capitalization requirement.
With more than 55 years of experience in the market and over 6,600 Filipino stockholders as its owners, BenLife is one of the most stable and formidable life insurance companies in the country today. Its diversified insurance products include individual and permanent life insurance plans with guaranteed savings, maturity and hospitalization fund benefits, purchased through single pay, regular or payroll deduction modes; and group term and credit life, mortgage redemption, accident and health insurance packages for members of government and private institutions, associations and cooperatives, covering over a million insured customers.
BenLife is proud to have the most number of national government-agency accreditations, owing to its innovative product packages, unstained reputation and impeccable service.
BenLife’s fully committed and well-trained sales associates and staff are assigned in 25 regional offices, including 2 mall locations, and 22 agency offices strategically located in key cities and provinces nationwide. BenLife’s commitment to quality customer service is manifested through its real-time and highly well-received text-SMS with voice customer-linkage system, and a caring service staff that endeavors to live by BenLife’s service philosophy, “Alagang Tunay, Alagang BenLife.”
Board Of Directors
Enrique C. Fernandez – Chairman of the Board
Jose L. Arguelles – Director
Dakila B. Fonacier – Independent Director
Roberto F. De Ocampo – Independent Director
Roberto C. Fernandez – Director & Treasurer
Florentino M. Herrera III – Director
Jaime F. Panganiban – Independent Director
Carl Anthony Sy Palanca – Director
Santiago Gabriel O. Fernandez – Director
George Y. Sycip – Director
Cesar O. Virtusio – Independent Director