Our History

1950

 
 

Paramount Life & General Insurance Corporation traces its roots back to May 1950 when it formally started its non-life insurance business as the Paramount Insurance and Surety Corporation. In a few short years, the Company successfully established a strong market presence in the small to medium retail business segment. Guided by an experienced management team and highly professional staff, Paramount became quickly known as the Bayad Agad™ company for its business practice of quick claims settlement.

1993

 
 

Semper Insurance Corporation was established, extending Paramount’s service range to the corporate and medium-to-large business market segments.

1997

 
 

was a milestone for the Company as a new Paramount General Insurance Corporation was formed with the entry of two new strategic investors: the Lucky Tableware Group of Cebu, the Philippines’ leading manufacturer of glass containers, enamelware and porcelain ware; and the ANJ Group of the Tahija Family of Indonesia whose interests include financial services, infrastructure development, and mining.

2001

 
 

 

Paramount acquired the Philippine operations of the Union Insurance Society of Canton, Ltd. from AXA of France and became known as Paramount Union Insurance Corporation.  

2002

 
 
 

Paramount expanded into the life insurance market through the acquisition of AEGON Life Insurance Philippines from AEGON Life N.V. of the Netherlands.

Paramount was renamed to its present, Paramount Life & General Insurance Corporation, after the Company was granted a composite license by the Insurance Commission.

2005

 
 

Paramount acquired the Manila Bankers Life Insurance Corporation’s Individual Life Insurance Portfolio. 

2010

 
 

Paramount became a familiar commercial presence with the launch of its Madaling Kausap campaign, reaffirming Paramount’s continued commitment to servicing its growing number of policy holders nationwide.

2011

 
 

Paramount increased its Paid-up Capital to Php500 Million pesos, bringing its total Net Worth to over Php1.7 Billion pesos and assets of Php4 Billion pesos.

2012

 

 

SLP logo
Paramount set another milestone validating its stronghold in the Philippine Insurance Industry with its assumption of the life insurance portfolio of Sony Life Insurance (Philippines).

Today

 

With over 25 non-life branches and 60 life branches nationwide, Paramount has one of the most extensive sales and marketing networks in the industry. 

 
Paramount is the leading insurance provider for Overseas Filipino Workers (OFWs).
 
One of the fastest growing insurance companies in the country, PLGIC provides premium and reliable service in insuring and protecting Filipinos and their families worldwide.