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Link to original content: http://www.statista.com/statistics/1299511/philippines-sum-assured-of-life-insurance-industry/
Philippines: life insurance sector sum assured 2022 | Statista

Sum assured of life insurance industry Philippines 2016-2022

Published by
Christy Balita,
Feb 20, 2024

In 2022, the total value of the sum assured of the life insurance industry in the Philippines amounted to approximately 12.98 trillion Philippine pesos. This reflects an increase from the previous year's total of 11.33 trillion Philippine pesos. Sum assured is the amount of the coverage outlined in the insurance policy that the policyholder is guaranteed to receive from the insurer before any bonuses.

Total value of sum assured of the life insurance sector in the Philippines from 2016 to 2022 (in trillion Philippine pesos)

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Release date

January 2024

Region

Philippines

Survey time period

2016 to 2022

Supplementary notes

One Philippine peso is equal to 0.018 U.S. dollars and 0.017 euros as of February 2024. 
Figures have been rounded.

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