Why More Filipinos Choose and Trust Cebuana Lhuiller

LIFESTYLE | January 23, 2018

Alagang Cebuana Plus
An infographic containing details on Cebuana Lhuiller's top draw among microinsurance solutions, the Alagang Cebuana Plus (Image Source: Cebuana Lhuiller)
Many pawnshops in the Philippines are now evolved into multifinancial service centers offering a diverse range of services for its customers - from traditional pawning to remittances even to more accessible ones such as bills payments and reloading of prepaid mobile load credits. Among these pawnshops that stand to cope in today's modern world, there is one interesting reason why more Filipinos choose to trust Cebuana Lhuiller. 

Starting out as a small pawnshop in Pasay City catering to families and workers, the 30-year old pawnshop brand has its own variety of diverse services such as pawning, remittance and microloans. But the most interesting thing about Cebuana is that it also offers a variety of microinsurance solutions that are made to be accessible and easily available within reach - from individual life and non-life insurance to group insurance for small and medium businesses.

In fact, eight million Filipinos are already covered by Cebuana's microinsurance solutions which makes up 30 percent of the 26.6 million people who are covered by various forms of microinsurance products available based on data from the Insurance Commission. Not only that, Cebuana has also managed to settle Php180 million in claims providing Filipinos financial security and protection during times of natural calamities and personal tragedy.

Perhaps the top draw among these unique solutions for individuals is the Alagang Cebuana Plus (ACP) Gold, a microinsurance product designed for those aged from seven to 70 years old. For as low as Php40 for an insurancd coverage valid for four months, ACP Gold planholders will have access to the following benefits: life insurance, accidental death/dismemberment and disability, fire cash assistance, and rider benefit for unprovoked murder and assault.

This is just Cebuana's way of supporting the Philippine government's thrust for wider microinsurance penetration in line with its war against poverty as well as its advocacy on financial inclusion. With such solutions that can rival traditional insurance plans, it is without question why Cebuana Lhuiller is the right brand when it comes to affordable and accessible microinsurance.

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