Country Bankers prepares the Filipino for typhoon seasonPhilippine Daily Inquirer
With an average of 20 tropical storms entering the Philippines every year, it is important to prepare for the worst, lest nature leaves us sick, displaced or with ravaged homes. Apart from stocking up on food and catching up on home repairs in time for the rains, the best way to be prepared for disastrous calamities is through insurance.
About 700 people are hospitalized due to typhoon-related injuries. During these trying times, life insurance helps cover some, if not all of the hospital bills and eases one’s financial burden. If the policy holder unfortunately dies during the storm, life insurance would pay out his surviving family members to make sure that the family is stable financially even with the loss of a loved one.
Country Bankers Insurance Group (CBIG) has these situations in mind as it offers secure, very affordable insurance plans fit for every Filipino’s needs. The CB Kalinga is currently, the most affordable and comprehensive insurance plan, that has become very popular especially among cooperatives, NGOs and financial institutions catering to microfinance. It is a popular choice among said institutions to insure members and provide assistance especially during calamities.
For those who can afford to pay a higher premium, the Classic Benefit Plan offers whole life insurance protection up to age 96 which is payable in just three, five, seven or 10 years. For ages 50 to 80 years old, the Golden Classic Benefit plan provides whole life protection until 100 years old for a short paying period of only three years. Aside from giving family protection in case of death, the Classic Benefit Plan provides living benefits to the insured in the form of cash values which provides a source of funds in cases of emergency.
Alalay sa Buhay Plan, on the other hand, offers individuals from 13 to 70 years old affordable insurance for one year for just P365 per unit. The plan is renewable until age 70 and covers natural death and accidental death. It also includes a daily hospital confinement benefit for non-pregnancy related cases and instant abuloy as burial assistance in case of death of insured.
For inquiries on life and nonlife insurance products, visit Country Bankers Centre at 648 T.M. Kalaw Avenue, Ermita, Manila or call 5238611 for life and 5240621 for nonlife.