Digital life insurer Singlife PH hits 1 million policy milestone, pays more tha PHP 100M in claims

Digital life insurer Singlife Philippines announced that it has hit the 1 million policies issued milestone since launching in 2020.

File photo: Singlife PH

Singlife PH turns 5, hits 1 million policy milestone

The company also shared that they have paid out more than PHP 100 million in claims—a testament to the company’s commitment to delivering on its promise of financial protection.

We didn't build Singlife to follow the old playbook—we built it for a digital world, said Lester Cruz, CEO of Singlife Philippines. We anticipated a shift where Filipinos would want financial protection that’s on-demand, transparent, and completely in their control. These numbers prove that this model doesn't just work—it’s what this generation has been waiting for.

Singlife said that at the heart of its growth is the Plan & Protect app, launched in 2023 as the country's first fully digital, end-to-end insurance platform. Since then, the app has amassed 1.4 million installs and facilitated over 45,000 policy issuances—without the need for physical paperwork or traditional agents.

Moreover, the company has reported sevenfold year-on-year growth in app-driven business, now accounting for the majority of its new premiums.

This 2025, the company continues to accelerate. Singlife saw strong double-digit growth in premium income compared to the same period last year, driven by strong customer adoption and product innovation.

They announced that the total sum assured rose by 20 percent, representing a significant increase in coverage provided to Filipino families.

This is year five and we are just getting started. With over one million lives protected and counting, we remain focused on our purpose of providing financial independence for Filipinos, Cruz said. We'll keep pushing boundaries so more Filipinos can thrive financially—wherever they are, and whenever they need us.

Singlife also marks 5 years in PH with a brand refresh, offering customizable life, health, and investment plans—all via a single app.

More info here.