Main bg1


 Microinsurance, as defined in R.A. No. 10607, is a financial product that meets the risk protection needs of the poor where (a) the amount of contributions, premiums, fees or charges, computed on a daily basis, does not exceed 7.5% of the current daily minimum wage rate of a non-agricultural worker in Metro Manila; and (b) the maximum sum of guaranteed benefits is not more than 1,000 times of the current daily minimum wage rate for nonagricultural workers in Metro Manila.

For a reasonable amount, an individual can have the opportunity to enjoy and experience the protection that insurance brings, even though the individual’s capacity is below the minimum wage.

Know more about Microinsurance and how it helps. Be insured. Be protected.