Cocolife
Cocolife is a Filipino-owned stock life insurance company offering individual and group life insurance, a national healthcare program with cashless provider access, mutual funds, and Third Party Administration services to corporate clients and individual policyholders across the Philippines.
- Company typePrivate
- Founded1978
- HeadquartersMakati, Philippines
- Headcount501–1,000
- GTM typeB2B and B2C
- OfferingServices
What Cocolife does
Cocolife (legal name: United Coconut Planters Life Assurance Corporation) is a privately held, Filipino-owned stock life insurance company founded on March 20, 1978, and headquartered at the COCOLIFE Building on Ayala Avenue in Makati City. The company offers an integrated insurance and financial services portfolio across two principal arms: life insurance (individual, group, bancassurance, special markets, variable life funds, mutual funds, policy loans) and healthcare (Cocolife Healthcare, established 1997), with an underlying Third Party Administration business that handles customized benefit plan administration for corporate clients. The healthcare arm is differentiated by a card-based cashless service delivered through an accredited network of 700+ hospitals, 1,000+ clinics, 40,000+ doctors and specialists, and 700+ hospital-based plan coordinators across the Philippines.
Cocolife's technology stack is centered on customer experience and claims administration rather than AI: the proprietary 'Just Ask Live' (JAL) platform, launched May 2024, is positioned as the first Philippine chat service with both audio and video capability; this sits alongside the myPolicy and myCocolife mobile apps for policyholder and agent self-service. The TPA platform handles revolving-fund management, claims warehousing, and nationwide provider integration, while teleconsultation services extend care delivery through a Hi-Doc partnership. Distribution is multi-channel and nationwide, comprising 1,500+ agents, account executives and field managers, 25+ branch offices across Metro Manila/Luzon/Visayas/Mindanao, mall assurance locations, broker relations, and bancassurance led by a core UCPB partnership plus payment integrations with BDO, BPI, Metrobank, Landbank, PNB, RCBC, GCash, 7-Eleven CLiQQ, Cebuana Lhuillier, and Bayad Center.
Cocolife generates revenue through recurring insurance premiums (individual life, group, healthcare), transaction and management fees on mutual fund distribution and variable life funds, fee-for-service Third Party Administration income, interest income on policy loans, and ancillary income from real estate sales. Pricing is quote-based and not publicly disclosed; healthcare premiums are fixed per enrollee on monthly billing with optional unbundled component selection, while life insurance uses annual premium billing with Return of Premium features. The company is regulated by the Philippine Insurance Commission, holds ISO 9001:2015 certification (first Filipino-owned stock life insurer so certified), and is a long-standing member of AHMOPI. In 2025, Cocolife re-entered the Top 10 Philippine life insurers and climbed to 5th in Traditional NBAPE.
Cocolife firmographics
Firmographics- Name
- Cocolife
- Legal name
- UNITED COCONUT PLANTERS LIFE ASSURANCE CORPORATION
- Website
- https://cocolife.com
- Company type
- Private
- Founded year
- 1978
- Operating status
- Operating
- Headcount range
- 501–1,000 employees
- Short description
- Cocolife is a Filipino-owned stock life insurance company offering individual and group life insurance, a national healthcare program with cashless provider access, mutual funds, and Third Party Administration services to corporate clients and individual policyholders across the Philippines.
- Ownership category
- akta.pro rank
Cocolife industry classification
Industry- Product category
- Life Insurance
- NAICS
- Direct Life, Health, and Medical Insurance Carriers (52411), Direct Life Insurance Carriers (524113), Direct Health and Medical Insurance Carriers (524114), Insurance Carriers and Related Activities (524)
- SIC
- Life Insurance (6311), Accident & Health Insurance (6321), Hospital & Medical Service Plans (6324)
- akta.pro primary industry
- Basic Group Term Life (Employer-Paid) (FSAIADAA)
- akta.pro secondary industries
- Return of Premium (ROP) Term Life Insurance (FSAIAAAE), Group Universal Life (GUL) (FSAIADAC), Participating (Dividend) Whole Life Insurance (FSAIABAI)
Keywords
Where Cocolife is headquartered
LocationHeadquarters
- HQ city
- Makati
- HQ country
- Philippines
- HQ region
- Asia
Offices11 records
Markets served
Cocolife business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others
Revenue model
- Life Insurance Premiums: Recurring premium payments from individual and group life insurance policies, including term life, whole life, and variable life insurance products.
- Healthcare Program Premiums: Fixed premium per enrollee for comprehensive healthcare coverage including inpatient, outpatient, emergency, preventive care, dental, and annual check-ups.
- Mutual Funds: Distribution of mutual fund products including money accumulator funds, bond funds, equity funds, and feeder funds for investment purposes.
- Variable Life Fund Management: Unitized and guaranteed variable life insurance funds with various investment options including Dollar Bond Fund, Peso Bond Fund, Peso Equity Fund, and feeder funds.
- Loans: Policy loans and other loan products secured by insurance policies.
- Third Party Administration Fees: Fee-for-service administration fees for companies that design customized benefit plans while Cocolife handles administration, claims, and network access.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Comprehensive Healthcare Program with full coverage |
| Hybrid | Monthly | Unbundled Programs - Selectable coverage components |
| Usage-based | Pay-as-you-go | Third Party Administration Program |
| Subscription | Annual | Life Insurance Products |
Go-to-market motion3 records
Distribution channels7 records
Marketing channels6 records
Cocolife product offering
Product offeringCore offering
Cocolife is a Filipino-owned stock life insurance company offering life insurance, health insurance, group insurance, bancassurance, mutual funds, variable life funds, and policy loans to individuals, families, and corporate clients in the Philippines. Its core offerings include Cocolife Healthcare (comprehensive health program with cashless treatment through 700+ accredited hospitals) and Cocolife Aruga (individual life insurance with return of premium benefits). The company also provides third-party administration services for corporate benefit plans and real estate properties from its portfolio.
Product overview
Cocolife is a Filipino-owned stock life insurance company offering a comprehensive portfolio of insurance and financial products. The core offerings include Cocolife Healthcare (established 1997) providing health insurance programs with cashless treatment through accredited hospital and clinic networks, and Cocolife Aruga for individual life insurance with health condition coverage and return of premium benefits. Additional products include Group Insurance for employers, Bancassurance products distributed through banking channels, Special Markets for specialized segments, Mutual Funds for investment, Variable Life Funds for investment-linked insurance, Loans, and Properties for sale. The company also operates Third Party Administration services for corporate clients and offers various healthcare delivery systems including card-based service, unbundled programs, medical reimbursement, and daily hospitalization benefits. Cocolife is ISO 9001:2015 certified and regulated by the Insurance Commission.
Differentiator
Problem solved
Functional benefit
Brands
- LifeVest: Extensive insurance program package that is customizable and flexible with access to a vast network of accredited service providers and facilities nationwide.
- Aruga
- Third Party Administration Program
- Medical Reimbursement Program
- Cocolife Asian Multi-Asset Income Fund
- Cocolife Global Consumer Trends Fund
- Money Accumulator
Products and services
- COCOLIFE Healthcare Comprehensive healthcare program providing cashless medical treatment through a network of accredited hospitals and clinics nationwide, with fixed premium rates for customizable benefit packages including inpatient care, outpatient care, emergency services, preventive care, annual check-ups, dental coverage, and life insurance. Targeted at individuals, families, and corporate groups in the Philippines.
- Third Party Administration (TPA) Program Fee-for-service plan allowing companies to design customized benefit plans while Cocolife handles administration, claims processing, and network access. Maintains continuous coverage through a revolving fund. Targeted at Philippine corporate clients seeking outsourced benefits administration.
- Medical Reimbursement Program
- Unbundled Programs
- Card-based Service Card-based health insurance offering comprehensive coverage at a fixed rate with open-door policy. Includes inpatient/outpatient care, emergency services, annual check-ups, dental services, and life insurance with 24/7 medical helpline and teleconsult services. Targeted at corporate staff and individual members.
- Daily Hospitalization Benefit
- Cocolife Aruga
- Individual Insurance
- Group Insurance
- Bancassurance
- Special Markets
- Mutual Funds
- Variable Life Fund
- Loans
- Properties
Quantifiable outcome
- Re-entered Top 10 Life Insurers in Philippines, ranking 5th in Traditional NBAPE in 2025
Companies that use Cocolife
Customer profileNamed customers2 records
Segments4 records
Ideal customer profiles3 records
Cocolife technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration11 records
Feature5 records
Cocolife partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core and minor.
- Association of Health Maintenance Organizations of the Philippines, Inc. (AHMOPI)coreCocolife Healthcare is a long-standing member of AHMOPI, the industry association for health maintenance organizations in the Philippines.
- United Coconut Planters Bank (UCPB)coreBancassurance partnership allowing Cocolife insurance products to be distributed through UCPB bank branches. UCPB also serves as a payment facility for premium payments.
- BDO, BPI, Metrobank, Landbank, PNB, RCBC, and other banksminorOnline payment partnerships allowing customers to pay insurance premiums through various bank channels including online banking, automatic debit arrangements, and over-the-counter payments.
Scale indicators7 records
Recent moves6 records
Expansion highlights5 records
Cocolife competitors and assessment
Company assessmentDirect peers
- PhilCare (Philippine Health Insurance Corp.): Established HMO offering corporate, individual, and family health plans with nationwide hospital and clinic networks; overlaps with Cocolife Healthcare's healthcare programs and TPA services.
- Insular Life: Filipino-owned stock life insurer with a similar heritage and market positioning to Cocolife, offering individual and group life, healthcare, and investment products through agency and bancassurance channels.
- Pru Life UK (Philippines): Multinational life insurer with strong agency and bancassurance presence in the Philippines, competing directly with Cocolife in individual life, health, and investment-linked insurance products.
- Medicard Philippines: Major HMO and healthcare plan provider offering corporate and individual health programs with a wide provider network, competing with Cocolife Healthcare for group and individual health coverage accounts.
- Maxicare Healthcare Corporation: Leading HMO and healthcare provider in the Philippines, directly comparable to Cocolife Healthcare's provider-network-based health programs serving corporate accounts and individuals.
- Manulife Philippines: Global life insurer with substantial Philippine operations in life, health, and investment-linked products, overlapping directly with Cocolife's individual life, variable life fund, and group insurance offerings.
- AXA Philippines: Major life and health insurer in the Philippines distributing through agency, bancassurance, and digital channels; competes head-to-head with Cocolife in individual life, group, and health programs for Filipino consumers and corporates.
- BPI-Philam Life Assurance: Bancassurance-driven life insurer jointly held by BPI and Philam/AIA, directly competing with Cocolife's bancassurance life and health products distributed through BPI and partner bank branches.
- Sun Life of Canada (Philippines): One of the largest life insurers in the Philippines offering individual and group life, health, and wealth products through agency, bancassurance, and digital channels, directly competing with Cocolife's core life and group insurance business.
Emerging players
- EastWest Banker (EastWest Life Assurance / Komo): Emerging digital insurance brand built on bancassurance with EastWest Banking Corporation, representing the new wave of digital-first life and health distribution that Cocolife's JAL and myPolicy channels compete against.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Cocolife social profiles
Digital presenceCocolife compliance and trust
Trust signalCompliance2 records
Cocolife financial estimates
Financial estimateRevenue estimate
Valuation estimate
Cocolife leadership team
Management profileNumber of profiles
Profiles11 records
Cocolife funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Cocolife M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Cocolife
What does Cocolife do?
Cocolife is a Filipino-owned stock life insurance company offering life insurance, health insurance, group insurance, bancassurance, mutual funds, variable life funds, and policy loans to individuals, families, and corporate clients in the Philippines. Its core offerings include Cocolife Healthcare (comprehensive health program with cashless treatment through 700+ accredited hospitals) and Cocolife Aruga (individual life insurance with return of premium benefits). The company also provides third-party administration services for corporate benefit plans and real estate properties from its portfolio.
Is Cocolife a public or private company?
Cocolife is a private company. It is classified as unknown and is currently operating.
When was Cocolife founded?
Cocolife was founded in 1978. It employs 501 to 1,000 people.
Where is Cocolife based?
Cocolife is headquartered in Makati, Philippines, in the Asia region.
How does Cocolife make money?
Six revenue lines are on record. Life Insurance Premiums are the primary driver. The others are healthcare Program Premiums, mutual Funds, variable Life Fund Management, loans and third Party Administration Fees.
Who are Cocolife's main competitors?
Direct peers on record are PhilCare (Philippine Health Insurance Corp.), Insular Life, Pru Life UK (Philippines), Medicard Philippines, Maxicare Healthcare Corporation, Manulife Philippines, AXA Philippines, BPI-Philam Life Assurance and Sun Life of Canada (Philippines). EastWest Banker (EastWest Life Assurance / Komo) is listed as an emerging player.
Does Cocolife have an API?
No public API is recorded for Cocolife.
What industry is Cocolife in?
Cocolife's product category is Life Insurance. Its primary akta.pro industry code is FSAIADAA, Basic Group Term Life (Employer-Paid), with a secondary code of FSAIAAAE, Return of Premium (ROP) Term Life Insurance. Its NAICS code is 52411 and its SIC code is 6311.