BDO Life, the insurance arm of BDO Unibank, is expanding access to financial protection products through a digital quotation platform that allows clients to explore insurance plans and estimate premiums online, part of the broader industry push toward financial preparedness and accessibility.

The online tool enables customers to review insurance options across protection and savings-linked products, including entry-level coverage such as accidental death and disability insurance. The platform is designed to simplify insurance planning by allowing prospective policyholders to assess their needs and compare potential coverage before purchasing policies.

The initiative comes as the Philippine insurance sector continues to grow, albeit from a relatively low base. Data from the Insurance Commission show insurance penetration — defined as total premiums as a share of gross domestic product — rose to about 1.78 percent in 2025 from 1.67 percent in 2024, reflecting increased uptake of protection products.

Despite steady gains, coverage levels remain modest compared with global benchmarks. Industry data indicate that only around 28 percent of Filipinos hold life insurance, highlighting a significant protection gap and the need for broader financial protection awareness.

Spending on insurance is also gradually increasing. Insurance density, or average insurance spending per person, reached a record ₱4,384.56 in 2025, underscoring rising consumer interest in financial protection products.

BDO Life said its product lineup includes insurance solutions designed to address protection, savings, education funding, and retirement planning, reflecting the growing integration of insurance into long-term financial management.