The Insurance Commission of the Philippines (IC) recently issued an advisory reminding the public to verify if their insurance agent or broker is duly licensed before purchasing any insurance product. This reminder comes after reports of unlicensed individuals selling fake or unauthorized insurance policies.
Why Verification Matters
Dealing with unlicensed agents puts you at serious risk. These individuals may:
- Sell fake insurance policies that provide no actual coverage
- Misrepresent policy terms and benefits
- Disappear with your premium payments
- Fail to process claims when you need them most
- Lack the proper training to advise you correctly
How to Verify Your Agent's License
The Insurance Commission provides several ways to verify if an agent or broker is licensed:
✅ Official Verification Methods:
- IC Website: Visit www.insurance.gov.ph and use the License Verification Portal
- Email Inquiry: Send the agent's full name and license number to the IC
- Hotline: Call the Insurance Commission hotline during business hours
- Ask for ID: Licensed agents must carry their official IC-issued identification card
What to Look For
A legitimate licensed insurance agent should be able to provide:
- Valid IC-issued license number
- Official identification card with photo
- Certificate of Authority from their insurance company
- Business cards with complete contact information
- Official receipts for premium payments
OneNetworx: Fully Licensed and Regulated
At OneNetworx Insurance Agency, all our agents are duly licensed by the Insurance Commission of the Philippines. We take compliance seriously and ensure that every member of our team maintains their license in good standing.
When you work with OneNetworx, you can be confident that you're dealing with legitimate, trained professionals who have your best interests at heart.
💡 Pro Tip
Before signing any insurance policy, always ask your agent for their license number and verify it with the Insurance Commission. A legitimate agent will be happy to provide this information and will never pressure you to skip this step.
Report Suspicious Activity
If you encounter someone claiming to be an insurance agent but cannot provide proper credentials, or if you suspect fraudulent activity, report it immediately to:
- Insurance Commission Enforcement Department
- Email: [email protected]
- Hotline: Available on the IC website
Your vigilance helps protect not only yourself but also other consumers from falling victim to insurance fraud.