The Insular Life Assurance Company, Ltd. is a mutual life indemnification company in the Philippines. Established on November 25, 1910 in Manila, it is the first Filipino life indemnification company.
It is the first Filipino life indemnification company. The company offers individual and group life, health, and retirement indemnification plans. It provides allied financial accommodations such as general indemnification. banking, healthcare, lending and investment through subsidiaries and affiliate companies in its eponymous corporate group. Insular Life itself was once a member of the Ayala Corporation until 1987, when it became a plenarily mutual company. Its current Chairman of the Board and Chief Executive Officer is Vicente R. Ayllon. As of 2011, it is the fifth most astronomically immense life insurer in the Philippines in terms of premium income.
Makati City
Anteriorly, it held its corporate offices at the Insular Life Building in Makati City. That building was built in 1962 and was the first to surpass the 30 meter height restriction in the Philippines. It has 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. Pristinely designed by Cesar Concio, the building was controversially redeveloped in 2005 with a design by the Japanese firm, Takenobu Mohri Architects and Associates.
The company offers products ranging from mundane whole life, endowment, and constrained-payment plans to pension, college inculcation, group, and investment-linked plans.It withal provides life auspice, health, savings, investment, and retirement products to individuals, families, businesses, and corporations. In additament, the company offers financial accommodations through its subsidiaries.It offers its indemnification products through agents. The company was founded in 1910 and is predicated in Muntinlupa City, the Philippines. It has branches in North Luzon, South Luzon, Central Luzon, Metro Manil Bicol Region, Central East Visayas, West Visayas, North Mindano, West Mindano, and South Mindano.
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