The Insular Life Assurance Company, Ltd. (commonly known by its trade name, Insular Life, and shortened as InLife) is a mutual

life insurance Life insurance (or life assurance, especially in the Commonwealth of Nations) is a contract between an insurance policy holder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money upon the dea ...

company in the

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

. Established on November 25, 1910 in

Manila Manila ( , ; fil, Maynila, ), officially the City of Manila ( fil, Lungsod ng Maynila, ), is the capital of the Philippines, and its second-most populous city. It is highly urbanized and, as of 2019, was the world's most densely populated ...

, it is the first Filipino life insurance company. The company offers individual and group life, health, education and retirement insurance plans. It provides allied financial services such as

general insurance General insurance or non-life insurance policy, including automobile and homeowners policies, provide payments depending on the loss from a particular financial event. General insurance is typically defined as any insurance that is not determine ...

, banking, healthcare, lending and investment through subsidiaries and affiliate companies in its eponymous

corporate group A corporate group or group of companies is a collection of parent and subsidiary corporations that function as a single economic entity through a common source of control. These types of groups are often managed by an account manager. The concep ...

. Insular Life was once a member of the

Ayala Corporation Ayala Corporation (Spanish: ''Corporación Ayala'', formerly ''Ayala y Compañía'' (Ayala & Company)) is the publicly listed holding company for the diversified interests of the Ayala Group. Founded in the Philippines by Domingo Róxas and A ...

until 1987, when it became a mutual company owned by its policyholders. Its Executive Chairman of the Board is Nina D. Aguas and its Chief Executive Officer is Raoul Antonio E. Littaua. As of 2020, it is the tenth largest life insurer in the Philippines in terms of premium income, and fourth in terms of net worth.

History

The firm was established as the first domestic life insurance company in the Philippines with Antonio Ma. Barretto as its founding President. Its first headquarters were located at the Lack and Davies Building in Manila's Echague district. In 1934, it inaugurated its first building in Binondo, Manila. Insular Life established an overseas branch in Honolulu in 1934, and its first district office in Cebu City in 1938. During the Second World War, the company continued operations and took over the business of the Filipinas Life Assurance Company. The Philippines business of the Occidental Life Insurance Company of California was acquired by the company in 1954. A few years later in 1958, it introduced industrial life insurance in the Philippines.

Office Buildings

Muntinlupa

It is currently headquartered at the Insular Life Corporate Centre (ILCC) building in Filinvest City, Alabang,

Muntinlupa Muntinlupa, officially the City of Muntinlupa ( fil, Lungsod ng Muntinlupa), is a 1st class Cities of the Philippines#Legal classification, highly urbanized city in the Metro Manila, National Capital Region of the Philippines. According to the ...

. Designed by the Japanese firm, Takenobu Mohri Architects and Associates, the ILCC was inaugurated in 2001. The building is a two-tower structure connected by a podium, which houses a 500-seat auditorium.

Makati

Previously, it held its main corporate offices at the Insular Life Building in

Makati Makati ( ), officially the City of Makati ( fil, Lungsod ng Makati), is a 1st class highly urbanized city in the National Capital Region of the Philippines. Makati is the financial center of the Philippines; it has the highest concentration ...

. That building was built in 1962 and was the first to surpass the 30 meter height restriction in the Philippines. It had a gently curving façade entirely covered by narrow vertical aluminium projections that were set close together within square modules to conceal the curtain wall behind it. Originally designed by Cesar Concio, the building was controversially redeveloped in 2005 with a design by Takenobu Mohri Architects and Associates, and again in 2015 by Casas Architects.

Cebu City

It also maintains a corporate building at the

Cebu Business Park Cebu Business Park (CBP) is a 50-hectare master-planned development in Cebu City, Cebu, Philippines. Cebu Holdings, an affiliate of Ayala Land, is currently responsible for the development of Cebu Business Park. Integrating business, residential, ...

Corporate Group

The members of the Insular group of companies as of 2020 are:Annual Report 2020. Insular Life Assurance Company, Ltd. Retrieved 24 December 2021. Full Text availabl
here
Holding Company *The Insular Life Assurance Company, Ltd. (Life Insurance underwriting) Subsidiaries *Insular Health Care, Inc. (Health/HMO) *Insular Investment Corporation (Investment banking) *Insular Life Management and Development Corporation (Management services) **ILAC General Insurance Agency (General agency) Affiliates * Mapfre Insular Insurance (Non-life Insurance underwriting) *Maria Health (Health/HMO marketing){{cite web, last1=Reyes, first1=Robert, title=Insular Life invests in Maria Health to accelerate digital adoption, url=https://mb.com.ph/2021/11/19/insular-life-invests-in-maria-health-to-accelerate-digital-adoption/, website=MB.com.ph, accessdate=24 December 2021 *PPI Prime Venture (Real estate) *

Union Bank of the Philippines The Union Bank of the Philippines, Inc., more commonly known as UnionBank, is one of the universal banks in the Philippines and the ninth largest bank in the country by assets. UnionBank is a joint consortium among the Aboitiz Group, Insular ...

(Universal banking and

Bancassurance Bancassurance is a relationship between a bank and an insurance company that is aimed at offering insurance products or insurance benefits to the bank's customers. In this partnership, bank staff and tellers become the point of sale and point o ...

partner) Social Commitment *Insular Foundation Former Subsidiaries and Affiliates *Hawaiian Life Insurance Company (Until 1955, acquired by the

American General Life Insurance Company American International Group, Inc. (AIG) is an American multinational finance and insurance corporation with operations in more than 80 countries and jurisdictions. , AIG companies employed 49,600 people.https://www.aig.com/content/dam/aig/amer ...

) *Insular Savings Bank (Until 2005, acquired by Citibank Philippines) *HomeCredit Mutual Building and Loan Association

References

Financial services companies established in 1910 Mutual insurance companies Companies based in Muntinlupa Life insurance companies of the Philippines