Cocolife

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.

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

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

• Life insurance products
• Health insurance programs
• Group insurance coverage
• Mutual fund distribution
• Bancassurance services

Headquarters

HQ city

Makati

HQ country

Philippines

HQ region

Asia

Offices11 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D, Infrastructure, Others

Revenue model

1. Life Insurance Premiums: Recurring premium payments from individual and group life insurance policies, including term life, whole life, and variable life insurance products.
2. Healthcare Program Premiums: Fixed premium per enrollee for comprehensive healthcare coverage including inpatient, outpatient, emergency, preventive care, dental, and annual check-ups.
3. Mutual Funds: Distribution of mutual fund products including money accumulator funds, bond funds, equity funds, and feeder funds for investment purposes.
4. 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.
5. Loans: Policy loans and other loan products secured by insurance policies.
6. 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

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core 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

Named customers2 records

Segments4 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration11 records

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• Association of Health Maintenance Organizations of the Philippines, Inc. (AHMOPI)coreOthersCocolife Healthcare is a long-standing member of AHMOPI, the industry association for health maintenance organizations in the Philippines.
• United Coconut Planters Bank (UCPB)coreChannel Partner/ Reseller/ DistributorBancassurance 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 banksminorChannel Partner/ Reseller/ DistributorOnline 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

Direct 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

• YouTubeyoutube.com/channel/UCIVO5j6YZ0uBWkTLjHfBjxA
• Facebookfacebook.com/cocolifeofficialpage
• Instagraminstagram.com/cocolifeph_official/?hl=en
• Xx.com/big_on_life

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cocolife