The total value of the sum assured on the new policies issued for traditional life insurance in the Philippines amounted to approximately 1.53 trillion Philippine pesos in 2020. 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 traditional life insurance in the Philippines from 2013 to 2020
(in trillion Philippine pesos)
Characteristic
Value of sum assured in trilllion Philippine pesos
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Insurance Commission. (January 10, 2023). Total value of sum assured on new business generated for traditional life insurance in the Philippines from 2013 to 2020 (in trillion Philippine pesos) [Graph]. In Statista. Retrieved October 12, 2024, from https://www.statista.com/statistics/1059123/philippines-sum-assured-value-new-business-traditional-life-insurance/
Insurance Commission. "Total value of sum assured on new business generated for traditional life insurance in the Philippines from 2013 to 2020 (in trillion Philippine pesos)." Chart. January 10, 2023. Statista. Accessed October 12, 2024. https://www.statista.com/statistics/1059123/philippines-sum-assured-value-new-business-traditional-life-insurance/
Insurance Commission. (2023). Total value of sum assured on new business generated for traditional life insurance in the Philippines from 2013 to 2020 (in trillion Philippine pesos). Statista. Statista Inc.. Accessed: October 12, 2024. https://www.statista.com/statistics/1059123/philippines-sum-assured-value-new-business-traditional-life-insurance/
Insurance Commission. "Total Value of Sum Assured on New Business Generated for Traditional Life Insurance in The Philippines from 2013 to 2020 (in Trillion Philippine Pesos)." Statista, Statista Inc., 10 Jan 2023, https://www.statista.com/statistics/1059123/philippines-sum-assured-value-new-business-traditional-life-insurance/
Insurance Commission, Total value of sum assured on new business generated for traditional life insurance in the Philippines from 2013 to 2020 (in trillion Philippine pesos) Statista, https://www.statista.com/statistics/1059123/philippines-sum-assured-value-new-business-traditional-life-insurance/ (last visited October 12, 2024)
Total value of sum assured on new business generated for traditional life insurance in the Philippines from 2013 to 2020 (in trillion Philippine pesos) [Graph], Insurance Commission, January 10, 2023. [Online]. Available: https://www.statista.com/statistics/1059123/philippines-sum-assured-value-new-business-traditional-life-insurance/
