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Beneficial Life Insurance Co., Inc.
Beneficial Life Insurance Co., Inc. (BENLIFE) was established on July 5, 1960 with an authorized capitalization of PhP2.5 million. Today authorized capital stock stand at PhP500 million with a paid up of PhP320 million and total resources amounting to over PhP3.8 billion. Owned by over 7,000 Filipino stockholders, it is one of the largest Filipino-owned life insurance companies in the country. It extends a full range of diversified products that provides lifetime coverage, endowment, pension, education, term and group insurance benefits to over 1.3 million insureds, for both individuals and over 1,000 institutional accounts.
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