As of December 2023, the total premium income of the pre-need insurance industry in the Philippines reached roughly 23 billion Philippine pesos. In that same period, about 749 thousand pre-insurance plans were sold in the country, the majority of which were life plans.
Total premium income of the pre-need insurance industry in the Philippines from 2020 to 2023
(in billion Philippine pesos)
One Philippines peso is equal to 0.018 U.S. dollars and 0.016 euros as of March 2024.
Figures have been rounded.
Figures prior to 2022 came from earlier reporting.
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Insurance Commission. (March 8, 2024). Total premium income of the pre-need insurance industry in the Philippines from 2020 to 2023 (in billion Philippine pesos) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1300119/philippines-premium-income-of-pre-need-insurance-sector/
Insurance Commission. "Total premium income of the pre-need insurance industry in the Philippines from 2020 to 2023 (in billion Philippine pesos)." Chart. March 8, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1300119/philippines-premium-income-of-pre-need-insurance-sector/
Insurance Commission. (2024). Total premium income of the pre-need insurance industry in the Philippines from 2020 to 2023 (in billion Philippine pesos). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1300119/philippines-premium-income-of-pre-need-insurance-sector/
Insurance Commission. "Total Premium Income of The Pre-need Insurance Industry in The Philippines from 2020 to 2023 (in Billion Philippine Pesos)." Statista, Statista Inc., 8 Mar 2024, https://www.statista.com/statistics/1300119/philippines-premium-income-of-pre-need-insurance-sector/
Insurance Commission, Total premium income of the pre-need insurance industry in the Philippines from 2020 to 2023 (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1300119/philippines-premium-income-of-pre-need-insurance-sector/ (last visited November 22, 2024)
Total premium income of the pre-need insurance industry in the Philippines from 2020 to 2023 (in billion Philippine pesos) [Graph], Insurance Commission, March 8, 2024. [Online]. Available: https://www.statista.com/statistics/1300119/philippines-premium-income-of-pre-need-insurance-sector/
