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Who We Are

Life insurance should be accessible to every Filipino, regardless of status or stage in life. Since 1960, BenLife has worked to make this possible through quality service and dependable plans for the everyday Filipino.

Our Company

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

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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Insurance Plans and Solutions

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

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At BenLife, our mission goes beyond insurance — we’re committed to empowering every Filipino to live with confidence and peace of mind, protecting what matters most with care, integrity, and innovation.

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Jaime Fernandez

Jaime Fernandez

CEO, BenLife Insurance Inc.

Our Timeline
1960

Founding of BenLife Insurance Company

BenLife was founded in 1960 with the aim of uplifting the living conditions of blue-collared workers, the backbone of Philippine society. Originally known as Filipinas Mutual Fund or FMF Insurance Inc., it began with an authorized capital of Php2.5 million. As a wholly Filipino-owned life insurance company, it was supported by thousands of stockholders representing all walks of life. Authorized by the Insurance Commission and based in Intramuros, BenLife was established as a stock life insurance company serving Filipinos nationwide.

Founding of BenLife Insurance Company
1960

Founding of BenLife Insurance Company

BenLife was founded in 1960 with the aim of uplifting the living conditions of blue-collared workers, the backbone of Philippine society. Originally known as Filipinas Mutual Fund or FMF Insurance Inc., it began with an authorized capital of Php2.5 million. As a wholly Filipino-owned life insurance company, it was supported by thousands of stockholders representing all walks of life. Authorized by the Insurance Commission and based in Intramuros, BenLife was established as a stock life insurance company serving Filipinos nationwide.

Founding of BenLife Insurance Company

Our Mission

To bring the “Alagang Tunay, Alagang BenLife” brand of insurance to every Filipino, regardless of status or standing in life—one BenLife policy for every Filipino, with no one left behind.

Our Mission

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

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