InLife, the country’s first and largest Filipino life insurer, has completed the sale of its shareholdings in iCare HMO to Value-Based Health Care PF PTE. LTD. (VBHC) of Singapore, subject to regulatory approval.
The move is part of InLife’s strategy to streamline its portfolio and focus on life insurance and corporate solutions, allowing the company to deliver more comprehensive services to clients nationwide.
“This realignment allows us to focus on areas where we can create the greatest value,” said InLife Executive Chairperson Nina D. Aguas. “We remain committed to providing world-class insurance solutions and delivering ‘A Lifetime for Good’ to Filipinos.”
Founded in 1991 as a wholly owned subsidiary of InLife, iCare HMO has benefited from decades of modernization, including upgraded core systems, digital platforms, and operational improvements. These initiatives helped iCare HMO rise from 12th place in 2018 to 6th in 2023 in the local HMO sector, attracting foreign investment through a partial acquisition in 2023.
Today, iCare HMO serves over one million members nationwide, continuing to build on its strong foundation and decades of experience in the Philippine healthcare sector.
