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Who We Are1

3At BenLife, we believe that life insurance should be accessible to all Filipinos—no matter their status or standing in life. Since 1960, our team has aimed to create and provide quality service and plans to suit the everyday Filipino.

Our Company4

With more than 60 years of experience 5in the market and over 6,700 Filipino stockholders as its owners, BenLife is one of the most stable and formidable life insurance companies in the country today.

Our main office located at Salcedo, Makati City.

BenLife at a glance

Beneficial Life Insurance Company, 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 P1.11 billion in paid up capital, P4.50 billion in total equity and over P10.97 billion in consolidated assets (as of December 31, 2024).

65Years of Service
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42Offices and agencies nationwide
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10.97Billion Pesos in Consolidated Assets
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4.5Billion Pesos in Total Equity
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1.11Billion Pesos in Paid Up Capital
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Products and Plans for All3

4Our diversified insurance products include individual and permanent life insurance plans with savings and maturity benefits, purchased through single pay, regular or payroll deduction modes. We also offer group term and credit life, mortgage redemption, accident and health insurance packages for members of government and private institutions, associations and cooperatives. All in all, BenLife covers over a million insured customers.

View Products and Plans5

Our Commitment to Excellent Service

BenLife is proud to be one of the most trusted and preferred insurance companies of government agencies and employees. We owe this to our innovative product packages and impeccable service nationwide. Our sales associates and staff are well-trained, always guided by our service philosophy, “Alagang Tunay, Alagang BenLife”.

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As BenLife celebrates its 65th year, we honor a legacy built on trust, integrity, and genuine care for the Filipino people.

For more than six decades, our commitment to financial security and service excellence has guided every milestone we have achieved. We look forward to the future with renewed dedication to protect, serve, and grow with generations of Filipinos under our promise of AlagangTunay, AlagangBenLife.

John E. Huang

John E. Huang

Acting Chairman of the Board

Our Timeline
1960

Founding of Beneficial Life Insurance Company, Inc.3

4The founders put up BenLife with the ultimate aim to uplift the living condition of blue -collared workers, which are the backbone of our society. BenLife was then known as Filipinas Mutual Fund or FMF Insurance Inc., with an authorized capital stock of Php2.5 million. As such, it holds on to the reputation of being a wholly-owned all-Filipino life insurance firm with 7,798 stockholders representing all walks of life, most of them-humble average Filipino. On July 5, BenLife Inc. was authorized to operate as a stock life insurance company by the Insurance Commission

Founding of Beneficial Life Insurance Company, Inc.3
1968

Profit Realization

Within eight years, the company started to realize profit, with assets rising by more than 300% from Php 1 Million in 1960 to Php 4.2 Million in 1968. In this period, marked with political upheavals and economic disarray, when other life insurance failed to keep their obligations and/or meet their challenges, BenLife held its ground. The secret to BenLife’s success lies in its service-oriented staff, dedicated to give its growing clientele the highest standard of service, with integrity and dedication as its hallmark. Through the years, BenLife

Profit Realization
2012

1 Billion Paid-up Capitalization and Launch

The Board of Directors has resolved to increase its paid up capitalization to Php 1 Billion from the present Php 320 Million, ahead of the deadline set by the Insurance Commission, Department of Finance, for all insurance companies to raise their capitalization by 2020. BenLife partnered and utilized a real time text-SMS customer-linkage system with Smart and Talk ‘N Text for its Accidental Death Benefit Insurance.

1 Billion Paid-up Capitalization and Launch
2019

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Our Mission

To bring the “Alagang Tunay, Alagang BenLife” brand of insurance to every single Filipino, regardless of status or standing in life.

One BenLife policy for every Filipino – no one left behind.

One BenLife policy for every Filipino – no one left behind.

Our Mission

Our Vision

1

To provide our policyholders with quality insurance products and excellent services, assuring financial stability and longevity.

2

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

3

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

4

To contribute to our nation’s advancement, development and progress by making life insurance accessible to all Filipinos.

Our Values

1

Fairness — Giving back to our clients, employees, and suppliers what is due to them

2

Loyalty — Building a team that shares and upholds the company’s aspirations, vision, mission and values

3

Integrity — Operating under the highest forms of business conduct

4

Teamwork — Creating a strategy-focused organization that works together towards attaining BenLife’s vision-mission statement

5

Service Excellence — Providing the highest quality services, meeting our clients’ needs efficiently and promptly at par with industry standards

6

Adaptability — Flexibility in meeting changes and challenges in the ever evolving business environment

Our Leaders

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Our Leaders

Board of Directors

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Board Committee

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Key Executive Officers

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The Management Team

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Impact

Corporate Social Responsibility

Our service philosophy applies not only to our clients and insureds but also extends outwards to the Filipino community.

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Updates That Matter

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Press release

Beneficial Life Insurance Company, Inc. to hold Annual Stockholders’ Meeting

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