Liquidating pre-need firm pays out more than 17,000 claims so far, looking to pay out the rest

As it continues the liquidation process, The Philippines' insurance regulator, the Insurance Commission, has revealed that Danvil has paid out over PHP1.62bn ($26.31m) in claims.

According to a statement from the Insurance Commission, this represents payment to 17,274 claims during Danvil’s liquidation and 15 claims after the formal closure of liquidation proceedings on 6 March 2026.

Pre-need firm Danvil was placed under conservatorship on 14 October 2010 and was subsequently placed under liquidation on 16 December 2014. Distribution to planholders commenced in December 2016.

The continuing distribution to planholders marks the culmination of more than a decade of liquidation proceedings and efforts to settle the claims of affected planholders.

The regulator also noted that as of 22 May 2026, 7,681 planholders have yet to claim their cheques, and that Danvil is currently sending out notices to the remaining claimants to facilitate the release of their claims.

“The settlement of these claims reflects the continuing commitment of the Insurance Commission and the liquidator to protect the interests of planholders and ensure that they receive the benefits due to them,” Insurance Commissioner Reynaldo Regalado said.

“We encourage all remaining claimants to coordinate with Danvil and complete the necessary requirements for the release of their claims.”

Source: www.asiainsurancereview.com