Mga paraan para makakuha ng microinsurance | Newsroom Ngayon - video Dailymotion

CNN Philippines

Ngayong Enero ipinagdiriwang natin ang Microinsurance Month. Layon nitong paigtingin ang kahalagahan ng financial protection lalo ng mga kababayan nating umaasa lang sa kakarampot na sahod.  Pero ano nga ba ang microinsurance at paano pwedeng makakuha ng ganitong benepisyo?  Makakasama natin si Insurance Commission Philippines Division Manager Gideon Joseph Operiano.  Visit our website for more #NewsYouCanTrust: https://www.cnnphilippines.com/  Follow our social media pages:  • Facebook: https://www.facebook.com/CNNPhilippines • Instagram: https://www.instagram.com/cnnphilippines/ • Twitter: https://twitter.com/cnnphilippines

Transcript

00:00 [Music]

00:03 This January, we celebrate Micro Insurance Month.

00:07 It is a day to look at the importance of financial protection,

00:11 especially for our countrymen who are just hoping for a reasonable salary.

00:16 But what is micro insurance and how can we get this benefit?

00:22 Joining us in our service today is Insurance Commission Philippines Division Manager,

00:27 Gideon Joseph Operiano.

00:29 You may join us in our discussion.

00:32 Just post your questions or comments on our Facebook Live.

00:35 Good afternoon, Sir Gideon.

00:38 Good afternoon, Ms. Mendoza.

00:40 Okay, so Sir, first, please explain to us what micro insurance means.

00:46 What is it?

00:48 Micro insurance is a type of insurance for the low-income sector

00:54 who are paid a premium that should not exceed 7.5% of the current minimum wage of workers in Manila.

01:04 Okay.

01:05 So, say for example, the minimum wage is 610,

01:09 the premium they should pay is only up to 45 pesos in order for them to have a micro insurance.

01:16 So, 45 pesos per month?

01:19 Per day, as you mentioned.

01:22 Per day, they will pay.

01:23 Okay.

01:24 How is this different?

01:25 Aside from your mention that the value of this is lower,

01:31 how else is this different from traditional insurance?

01:35 This micro insurance is simpler for the low-income sector

01:45 and it's easy for them to understand.

01:47 It's easy to claim once there is a risk or something happens to the insured.

01:55 Okay, so you said...

01:56 So...

01:57 Okay.

01:58 This micro insurance was made to cater to those in the low-income sector.

02:08 Okay, so you said this is really designed for the low-income sector.

02:13 Does this mean that this product is only available to them?

02:20 Not necessarily, Ms. Menchu.

02:24 This micro insurance is available to all.

02:27 But this micro insurance is designed for the low-income sector

02:33 so that we can give protection to individuals or their families

02:37 who are earning less than what they should be earning.

02:41 But what are the usual requirements?

02:43 With the regular insurance, it's like you need a lot of documentation.

02:48 When it comes to micro insurance, when you avail this,

02:51 what are the usual requirements that you ask for?

02:54 Usually, this is just an over-the-counter for distributors like Cebuana Lluvillian.

03:02 You can buy this online without too many requirements.

03:07 Okay, but usually, what types of products can you avail?

03:13 Because there's life insurance, there's accident.

03:17 Are the products that are available in micro insurance the same?

03:22 The most common micro insurance product in our market is this credit life micro insurance.

03:31 This is available to an individual if he has a micro lending debt

03:39 to protect his credit once something happens to him.

03:43 And another is an accident micro insurance product

03:49 which is to cover the liability once the insurance is accidental.

03:56 Is there a maximum amount that a person who avails this micro insurance can collect?

04:05 Does it have a ceiling?

04:07 There's no such thing as a mismention.

04:11 What's required is that the premium that a person should avail

04:17 must not go beyond the 7.5% as mandated by the insurance code.

04:23 What benefits can you get from micro insurance?

04:28 Because most of us think that it's expensive.

04:32 What benefits does it have for me?

04:35 It depends on the policy that an individual will take.

04:42 Say for example, he will take it to protect his business.

04:48 For example, in a restaurant, something happens to him.

04:51 The micro insurance will cover the liability or the damage

04:57 sustained by the damage.

05:02 So in other words,

05:03 And also for life, yes.

05:06 So in other words, sir, if there's an accident or a fire or whatever the situation is,

05:13 it covers the owner and the person.

05:21 Yes, that's right.

05:24 We still have a lot to talk about with the Insurance Commission Philippines Division Manager,

05:29 Gideon Joseph Operiano.

05:31 Here in the newsroom at CNN Philippines.

05:34 Let's go back to our service.

05:36 We are still talking about the importance of micro insurance.

05:41 We are with the Insurance Commission Philippines Division Manager, Gideon Joseph Operiano.

05:47 So sir, who are the accredited individuals who sell micro insurance products?

05:53 According to our data,

05:58 all regulated insurance companies and mutual benefit associations can sell micro insurance products.

06:08 So they should be registered with us before they sell micro insurance.

06:13 So they should be registered with you.

06:15 But how can we know if the sellers are legit?

06:20 Are there red flags that our countrymen should follow?

06:25 We cannot follow them one by one.

06:33 But people can directly use the website of the Insurance Commission to check whether the company is legitimate or not.

06:44 So they can see if there is a license or not for the insurance companies or the mutual benefit association.

06:52 Okay, so that is the way to verify.

06:55 Just go to your website and look for the name of the seller of the insurance.

07:02 Okay, but this National Micro Insurance Month, what are your programs for our countrymen?

07:10 We have activities in line with the micro insurance month to let our countrymen know the importance of micro insurance.

07:22 So in fact, we conducted awareness programs to help LGUs in different regions of the country.

07:31 We also held forums to discuss important issues and developments regarding micro insurance.

07:36 Okay, and how has the reception been in our low-income communities regarding micro insurance?

07:46 The low-income sector is receptive to have a positive reaction towards this product.

07:58 They see that this is a big help to them because it protects their lives and livelihood.

08:07 If our countrymen have any questions, where can they contact you?

08:13 The Insurance Commission can contact us at www.insurance.gov.ph

08:23 We can also call our hotline 8523 8461 Local 110

08:29 Or you can visit us at 1071 UN Avenue, Ermita, Manila and our district office in Davao and Cebu.

08:37 Okay, thank you very much Insurance Commission Philippines Division Manager Gideon Joseph Operiano.

08:43 OPERIANO.

Mga paraan para makakuha ng microinsurance | Newsroom Ngayon

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