The total value of sum assured on the new policies issued for variable life insurance in the Philippines amounted to approximately 660.44 billion Philippine pesos in 2020, 23 percent less than in the previous year. 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 on new business generated for variable life insurance in the Philippines from 2013 to 2020 (in billion Philippine pesos)
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Insurance Commission. (January 10, 2023). Total value of sum assured on new business generated for variable life insurance in the Philippines from 2013 to 2020 (in billion Philippine pesos) [Graph]. In Statista. Retrieved March 28, 2024, from https://www.statista.com/statistics/1059153/philippines-sum-assured-value-new-business-variable-life-insurance/
Insurance Commission. "Total value of sum assured on new business generated for variable life insurance in the Philippines from 2013 to 2020 (in billion Philippine pesos)." Chart. January 10, 2023. Statista. Accessed March 28, 2024. https://www.statista.com/statistics/1059153/philippines-sum-assured-value-new-business-variable-life-insurance/
Insurance Commission. (2023). Total value of sum assured on new business generated for variable life insurance in the Philippines from 2013 to 2020 (in billion Philippine pesos). Statista. Statista Inc.. Accessed: March 28, 2024. https://www.statista.com/statistics/1059153/philippines-sum-assured-value-new-business-variable-life-insurance/
Insurance Commission. "Total Value of Sum Assured on New Business Generated for Variable Life Insurance in The Philippines from 2013 to 2020 (in Billion Philippine Pesos)." Statista, Statista Inc., 10 Jan 2023, https://www.statista.com/statistics/1059153/philippines-sum-assured-value-new-business-variable-life-insurance/
Insurance Commission, Total value of sum assured on new business generated for variable life insurance in the Philippines from 2013 to 2020 (in billion Philippine pesos) Statista, https://www.statista.com/statistics/1059153/philippines-sum-assured-value-new-business-variable-life-insurance/ (last visited March 28, 2024)
Total value of sum assured on new business generated for variable life insurance in the Philippines from 2013 to 2020 (in billion Philippine pesos) [Graph], Insurance Commission, January 10, 2023. [Online]. Available: https://www.statista.com/statistics/1059153/philippines-sum-assured-value-new-business-variable-life-insurance/