Continuing its program to reach out to more people all over the country, the country’s leading microinsurance agency opens its doors to bring to the people in Mindanao its affordable and innovative insurance products.
Cebuana Lhuillier MicroInsurance (CLMI), the micro insurance arm of Cebuana Lhuillier, recently opened its regional office in Davao City, the first in Mindanao, as part of its efforts to expand its reach to more people outside its branches.
“We are happy that we officially have set a base in Davao City. This establishes our foothold in Mindanao, and allows us to bring closer to the people the importance of getting insurance, and the affordable ways to do so,” says Cebuana Lhuillier Micro Insurance General Manager Jonathan Batangan.
The new CLMI office is located within the regional office of Cebuana Lhuillier in Ladislawa Garden Village in Buhangin, Davao City.
“We would like to bring into the people’s awareness, particularly those who are in the financially-challenged and vulnerable sector, that insurance need not make a big dent on one’s budget. We also need to educate the people about the necessity of being ready always, of having the contingency in case something comes up. This CLMI initiative also complements the government’s program to promote social protection and financial inclusion”, Batangan added.
Its flagship product, called Alagang Cebuana Plus (ACP), offers affordable personal accident coverage for only P25. Those who avail ACP are assured of a P20,000 accidental death, dismemberment and disablement coverage and P5,000 fire-cash assistance, valid for four months.
ACP also offers free medical consultation through a dedicated hotline to its customers. It also boasts also of a 24-hour claims settling facility backed up by Cebuana Lhuillier’s Pera Padala. Insurance claims can be filed and are paid out in any of Cebuana Lhuillier’s close to 2,000 branches nationwide. Selling at more than one million certificates per month, it is arguably the most successful micro insurance product in the country today, having paid out more than P80 million claims.
Aside from ACP, Cebuana Lhuillier also offers various affordable insurance products that provide coverage against liabilities from motor vehicle accidents, as well as specialized insurance packages for security guards, students, employees, barangay tanods, and drivers of public utility vehicles.