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.