PNB Life Insurance, Inc. [formerly New York Life Insurance Philippines, Inc. (NYLIP)] was born from the union of US based New York Life International, LLC and Allied Banking Corporation. It commenced operation as a Philippine subsidiary of New York Life International, LLC with Allied Banking Corporation as its local bancassurance affiliate in 2002 which took minority interest in the Corporation consistent with the requirements of Bangko Sentral ng Pilipinas.

In 2007, New York Life International, LLC divested its interest in NYLIP in favor of Allied Banking Corporation and its principals. The change in ownership of the Corporation and the merger of Allied Banking Corporation and the Philippine National Bank which are both controlled by the Lucio Tan Conglomerate and affiliated interests, led to the change of its corporate name to PNB Life Insurance, Inc. which signifies close affinity to the Philippine National Bank and a deeper understanding of its markets and ever changing customer needs. The Company name has changed but it remains steadfast on its commitment to service NYLIP Policyholders and its products with excellence.

PNB Life Insurance takes pride to be associated as the latest member to the Lucio Tan Group of Companies - proven leaders in markets they serve - and is dedicated to strengthen and broaden its role in financial services complementation to its parent - the country's First Universal Bank, Philippine National Bank. As a 100% Filipino owned and managed Company, PNB Life is now more attuned to offering a wider base of clients to aim at Providing New Beginnings to its clientele.

Ranked among the top life insurance companies in the country today in terms of Premium Income and still one of the leading providers of variable life products. PNBL has generated close to 18,000 policies in the past 6 years. Responsive to the emerging trends of the industry, the company will continue to innovate for the Filipino.

With assurances of sustained services and support...

We are PNB Life, Providing New Beginnings in your life!

Classes written

Life: Endowment, Group Life, Individual Life, Personal Accident

Substantial Shareholder

Allied Banking Corporation

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