Agent Recruitment

For Individual Agents:

  • If already licensed with other non-life insurance companies, submit the following:
  1. Duly filled-up Insurance Commission, BPI/MS Application Form for license  and Duly filled-up Commission Crediting Form (handwritten)
  2. Four (4) pieces  1 x 1 ID pictures
  3. Copy of Latest Income Tax Return (ITR)
  4. Copy of Latest Professional Tax Receipt (PTR)
  5. Copy of Examination Result or Copy of License
  6. Copy of the Government- Issued Identification Card (e.g. Driver’s License, SSS, TIN, GSIS ID, etc.)
  7. Social Security System (SSS) Number and Taxpayer Identification Number (TIN)
  8. Sworn Declaration – Current Year’s Gross Income
  9. License Fee of P1,715.00
  10. Copy of Official Receipt
  11. Certificate of Registration with Bureau of Internal Revenue (VAT/Non-VAT) 
  • If not yet licensed in any non-life insurance companies, submit the following:
  1. Attend the Basic Non-Life Seminar conducted by BPI/MS, Insurance Institute for Asia and the Pacific (IIAP) or any other non-life insurance company
  2. Take and pass the licensure exam conducted by Insurance Commission or IIAP
  3. Comply with the requirements indicated in numbers 1 to 11 in the first bullet

 For Sole Proprietorship

  1. Certificate of Business Name with Department of Trade and Industry
  2. Audited Financial Statement (AFS) of Initial Financial Statement (FS) for newly-organized company
  3. Certificate of Registration with Bureau of Internal Revenue (VAT/Non-VAT)
  4. Comply with the requirements indicated in numbers 1 to 10 in the first bullet 

For Corporate Agents:

  • If with license from other non-life insurance companies, submit the following:
  1. All board members and the Soliciting Official (SO) should be cleared from any Negative Database (NDB) findings
  2. Articles of Incorporation and By-Laws
  3. Certificate of Registration of By-Laws and Articles of Incorporation with Securities and Exchange Commission (SEC)
  4. Latest Income Tax Receipt and copy of Company’s Official Receipt
  5. Audited Financial Statement (AFS) or initial Financial Statement (FS) for newly-organized company
  6. Board Resolution appointing the Soliciting Official of the corporate agent
  7. License Fee of P7,575.00
  8. Soliciting Official’s application requirements indicated in numbers 1 to 7 in the first bullet
  • If a newly formed corporation, without license from other non-life insurance companies, submit the following:
  1. Requirement from numbers 1 to 7 above
  2. The appointed Soliciting Official should be a holder of a valid license as an individual agent prior to his appointment as Soliciting Official.  If not, the Soliciting Official should go through the licensing procedure of an individual agent and wait for a year before applying as a corporate agent.

For more inquiries, please contact BPI/MS Business Development Unit at (02) 840-9467, 840-9454, 840-9049 and 840-9453 or send an email to [email protected] and [email protected].