Articles

Corporate History


BENEFICIAL LIFE INSURANCE CO., INC. (BENLIFE), a wholly Filipino-owned life insurance company, was established on March 16, 1960 with an authorized capitalization of P2.5 million. To date, its authorized capital stock has increased to over P500 million and total resources amounted to more than P4.0 billion.

 

With more than 50 years of experience in the market and over 7,000 Filipino stockholders as its owners, BENLIFE is considered one of the most formidable life insurance companies in the country today. Its diversified insurance products include, among others, whole life, endowment, limited pay plans, pension/educational plans, retirement and investment products, and renewable term/group insurance benefits, covering over 1.3 million policyholders under individual as well as institutional accounts.

 

Its twenty (20) regional offices and twenty-four (24) detached agency offices strategically located in key cities nationwide provide for a more effective and efficient delivery of service to existing and prospective clientele.

 

In July 1996, BENLIFE formed an alliance with Philippine National Bank (PNB) not only to strengthen its banking needs and mortgage redemption insurance programs but also to expand its horizon and cater to the growing needs of the Bancassurance business. However, on May 30, 2008, FMF Development Corporation and Merje Trading, Inc., the controlling stockholders of the company, re-acquired the 40% stake from PNB, thereby concentrating its resources within its familial roots.

 

MISSION

 

To fully serve our stockholders by providing fair, equitable and just returns as well as loyalty and dedication to our responsibilities.

 

To provide our policyholders and various stockholders with peace of mind by providing excellent products and services and assurance of stability and longevity.

 

To provide our employees with deep sense of strength, integrity and belongingness that ensure support in all aspects of life.

 

To contribute to our nation's advancement, development and progress by making life insurance accessible to as many Filipinos as possible.

 

VISION

 

We are the largest wholly Filipino owned Life Insurance Company.

 

We are professionals dedicated to provide and deliver affordable and highly dependable life insurance products and services.

 

We are fully committed to serve and protect the needs of our customers with the highest standards of service and integrity.

 

We are determined to provide fair returns to our stockholders and open opportunities for professional growth and personal progress to our employees and sales people by providing and environment that encourages professionalism and teamwork and rewards competence and excellence.

 

We shall contribute to the development and progress of our country and people by making life insurance accessible to as many Filipinos as possible.

 

SUBSIDIARIES AND AFFILIATIONS

  • SOLANA INVESTMENT HOLDINGS CORP.
  • BENEFICIAL-PNB FINANCIAL ADVISORS, INC.
  • STAR HEALTHCARE SYSTEMS, INC.

 

REINSURERS

  • MUNICH REINSURANCE COMPANY    
  • NATIONAL REINSURANCE CORPORATION OF THE PHILS., INC.
  • SCOR GLOBAL LIFE

 

CORPORATE ACCOUNTS 

  • SALARY SAVINGS INSURANCE 
    • BANKS
      • BANK OF THE PHILIPPINE ISLAND
      • FIRST CONSOLIDATED BANK
      • PHILIPPINE NATIONAL BANK
      • RURAL BANK OF BUGUIS – CAGAYAN VALLEY
    • CORPORATIONS
      • GOODFOUND CEMENT CORPORATION
      • PEPSI
      • URAYA LAND DEVELOPMENT CORPORATION
    • ELECTRIC CO.
      • SAMAR ELECTRIC CO.
      • TAWI-TAWI ELECTRIC CO.
    • GOVERNMENT AGENCIES
      • AIR TRANSPORTATION OFFICE
      • BUREAU OF INTERNAL REVENUE
      • BUREAU OF FIRE PROTECTION
      • BUREAU OF JAIL MANAGEMENT
      • COMMISSION ON AUDIT – QC
      • COMMISSION ON HIGHER EDUCATION – BICOL
      • BUREAU OF CUSTOMS – ILIGAN
      • BUREAU OF MINES
      • DEPARTMENT OF AGRICULTURE
      • DEPARTMENT OF EDUCATION 
      • DEPARTMENT OF JUSTICE 
      • DEPARTMENT OF LABOR AND EMPLOYMENT
      • DEPARTMENT OF SCIENCE AND TECHNOLOGY
      • DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
      • DEPARTMENT OF SOCIAL WELFARE AND DEVELOPMENT
      • DEPARTMENT OF TRADE AND INDUSTRY 
      • MTRCB
      • NATIONAL FOOD AUTHORITY
      • NATIONAL POLICE COMMISSION
      • PHILIPPINE COCONUT AUTHORITY 
      • PHILIPPINE CHARITY SWEEPSTAKES OFFICE
      • PHILIPPINE ARMY
      • PHILIPPINE NATIONAL POLICE
      • TESDA – ZAMBOANGA
    • HOSPITALS/CLINICS/DRUGSTORES
      • CAGAYAN VALLEY SANITARIUM
      • GARCIA GENERAL HOSPITAL
      • HOLY TRINITY MEDICAL CLINIC
      • KALINGA HEALTH CENTER
      • ST. LUKES EMERGENCY HOSPITAL 
    • MULTI – PURPOSE COOP
      • INNO DATA MULTI PURPOSE COOP
      • MARCON MULTI-PURPOSE COOP
      • TALISAY CITY MULTI-PURPOSE COOP
    • SCHOOLS
      • APAYAO STATE COLLEGE
      • ARELLANO LAW SCHOOL
      • BENGUET STATE UNIVERSITY
      • MINDANAO STATE UNIVERSITY
      • NATIONAL TEACHERS COLLEGE
      • ST. PAUL UNIVERSITY – CAG VALLEY
    • SECURITY AGENCIES
      • ACD INVESTIGATION SECURITY AGENCY
      • APSAI SECURITY AGENCY
      • ISLA SECURITY AGENCY
      • OMNI SECURITY
      • ROYAL WARRIORS SECURITY
      • SUPERSTAR SECURITY AGENCY
    • STORES
      • FUTURA WINDOW DÉCOR
      • LOJEN STORE
    • WATER DISTRICTS
      • CADIZ WATER DISTRICT
      • JOLO MAIN WATER DISTRICT
      • METRO LIPA WATER DISTRICT

 

 GROUP INSURANCE

  • GYRT
    • BANKS
      • ASIAN HILLS BANK
      • COOPERATIVE BANK OF COTABATO
      • PLANTERS DEVELOPMENT BANK
      • RURAL BANK OF PARACALE
      • RURAL BANK OF SAN JACINTO
      • UNION BANK
    • CHURCHES
      • CAVITE BIBLE BAPTIST CHURCH
    • FOUNDATION/ASSOCIATION
      • BUKLOD NG KAWANI NG CID (Intramuros)
      • LIWAN FARMERS ASSOCIATION
      • HAGDAN PAGUSWANG FOUNDATION INC.
      • INTERVIDA PHILIPPINES FOUNDATION
    • GOVERNMENT AGENCIES
      • DEPARTMENT OF EDUCATION III (ASN MNGT. SERVICES)
      • DEPARTMENT OF PUBLIC WORKS AND HIGHWAYS
      • COMMISSION ON AUDIT  PHILGASEA
      • NAPOLCOM
      • OFFICE OF CONGW. MA. MILAGROS ‘MITOS” MAGSAYSAY
      • TESDA
    • INSURANCE AGENCIES
      • FUTURE LIFE CARE MANAGEMENT SYSTEM
      • INTEGRATED MANAGEMENT SERVICES
      • MANCO INSURANCE AGENTS, INC.
      • PHINMA GROUP
      • UNITED STRONG CARE MANAGEMENT INSURANCE AGENCY
    • MANPOWER SERVICES
      • STARBOARD MANPOWER SERVICES
      • DAVID DANIEL’S INTERNATIONAL
    • MEMORIAL GARDENS
      • LOYOLA PROPERTIES
    • MULTI - PURPOSE COOP
      • AGRICULTURIST MULTI-PURPOSE COOPERATIVE
      • DARBDECO (SEARBEMCO)
      • ISABELA SEEDGROWERS MULTI-PURPOSE COOPERATIVE
      • LAMAC MULTI-PURPOSE COOPERATIVE
    • SCHOOLS
      • BICOL UNIVERSITY
      • BLESSED HOPE CHRISTIAN ACADEMY
      • NATIONAL TEACHERS COLLEGE
      • PHILIPPINE COLLEGE OF CRIMINOLOGY
      • PHILIPPINE NORMAL UNIVERSITY
      • UNIVERSITY OF PERPETUAL HELP
    • SECURITY AGENCIES
      • COMMANDO SECURITY AGENCY
    • TRAVELS AND TOURS
      • 111 TOURS AND TRAVELS

 

  • GCLI
    • BANKS
      • BANCO SANTIAGO DE LIBON
      • ILOCOS SUR COOPERATIVE BANK
      • LEGAZPI SAVINGS BANK
      • MOUNT MAKILING RURAL BANK
      • ORMON BANK
      • PRODUCERS BANK
      • QUEZON CAPITAL RURAL BANK
      • UTILITY BANK
    • GOVERNMENT AGENCIES
      • DEPARTMENT OF EDUCATION III (ASN MNGT. SERVICES)
    • CREDIT/FINANCING CORP.
      • EQUAL SHARE CREDIT CORP
      • SWISS FINANCE AND INSVESTMENT CORP
      • METROCREDIT CORP
      • VANTAGE ONE FINANCING CORP
    • LENDING
      • ZAMBOANGA GRAND PRESTIGE LENDING CORP
    • MEMORIAL GARDENS
      • EPHESUS MEMORIAL GARDEN, INC
      • FOREST LAWN MEMORIAL PARK
    • MULTI-PURPOSE COOP
      • AFP FINANCE COOP
      • AURORA TEACHERS MPC
      • BANSALAN COOPERATIVE SOCIETY
      • CITY SOCIAL WELFARE DEV’T. OFFICE MPC (CSWDO)
      • LAMAC MULTI-PURPOSE COOP
      • LILOAN DISTRICT MULTI-PURPOSE COOP
      • MISAMIS OCCIDENTAL EMPLOYEES MPC
      • NPC EMLOYEES MULTI-PURPOSE COOP
      • ZAMBOANGA CIVIL-AIR EMPLOYEE MPDC
      • USPD CREDIT COOPERATIVE
    • SAVINGS AND LOAN ASSOCIATION 
      • AIR MATERIAL WINGS SAVINGS AND LOAN ASSOCIATION
      • COMPOSITE WINGS SAVINGS AND LOAN ASSOCIATION
      • FERNANDO AIRBASE SAVINGS AND LOAN ASSOCIATION
      • NPC SAVINGS AND LOAN ASSOCIATION
  • GMRI
    • BANKS
      • ASIA TRUST BANK
      • UNION BANK
    • GOVERNMENT AGENCIES
      • CITY GOVERNMENT OF SAN CARLOS
      • DENR
      • NAPOLCOM (BCDA)
    • REAL ESTATE DEVELOPER
      • ACER HOMES DEVELOPMENT CORP
      • CONCEPCION GRANDE DEVELOPMENT, INC
      • DMC URBAN PROPERTY DEVELOPERS
      • PDB – PRIMAVERA MILFLORA
      • SUNTRUST PROPERTIES INC.
      • WESTVIEW PROPERTIES
    • SAVINGS AND LOAN ASSOCIATION
      • PDB – AB ACCOUNTS
      • PDB – BF INDIVIDUAL
      • PDB – CROWN ASIA
      • PDB – CTS ACCOUNT