3 Reasons Why You Can Depend on Country Bankers Insurance

Did you know that according to an Inquirer article last year, only less than 20% of Filipinos currently has life insurance? This is the sad reality of an average Fiipino's financial life and stability in the future.

3 Reasons Why You Can Depend on Country Bankers Insurance Group

This is the advocacy of most financial institutions and insurance companies in the Philippines like Country Bankers.

Country Bankers Insurance Corporation was founded on October 12, 1960 by the late Don Jose E. Desiderio, Sr., and Don Alfredo L. Montelibano Sr., both well-known rural bankers. Today, its main thrust is on the countryside, servicing small business entrepreneurs, industrialists and the numerous agribusiness ventures all over the country.

Let me give you my 3 major reasons why you can depend on Country Bankers:

1. Affordable Insurance Plans

#1 Reason Why You Can Depend on Country Bankers

For just 1 Peso (Php 1) a day, you can already have an insurance that can make you secure! Hence, sigurado, hindi kabado (secure, and not worried).

One of the core life insurance product of CBLIC is the Alalay sa Buhay (ASB) which provides renewable one-year insurance to individuals 13-70 years old for only P 365, with natural and accidental death benefits.

ASB is also available for families and seniors, with ASB family being renewable up to age 70 for principal insured and covers up to 3 to 5 family members for only Php 750 for one unit. ASB for Seniors covers individuals ages 71-80 and offers insurance for one year for only P 1,000 for one unit.

Just recently, Country Bankers Life Insurance Corporation (CBLIC) launched its new insurance product consistent with its mission to serve the needs of rural banks and microfinance borrowers in the countryside.

CBIG Team at the 2nd Blog Conference this February 2019

The CB Kalinga (Microinsurance) 4P’s Program provides a wide range of benefits for an annual amount of P150:

• Death (P5,000)
• Accidental Death and Permanent Disability (P15,000)
• Accidental Medical/Reimbursement (P2,000 max.)
• Daily Confinement (P200/day max. of 30 days)
• Instant Abuloy (P500)
• Fire and/or Lightning Assistance (P3,000)

On the other hand, there is also an option for a six-month coverage for the principal insurer available at Php 75.

Family Package for SINGLE Principal Members

Benefits	Principal	Parent 1	Parent 2	Sibling1/ Child1	Sibling2/ Child2
Death Benefit	P25,000.00	P12,500.00	P12,500.00	P5,000.00	P5,000.00
Accidental Death & Permanent Disability	P25,000.00	P12,500.00	P12,500.00	P5,000.00	P5,000.00
Accidental Medical Reimbursement	P 2,500.00 maximum	P2,500.00 maximum	P2,500.00 maximum	P 500.00 maximum	P 500.00 maximum
Daily Confinement Benefit     (Max 30 days)	P200.00        per day	P100.00        per day	P100.00       per day	None	None
Instant Abuloy	P 5,000.00	P 1,250.00	P 1,250.00	P1,000.00	P1,000.00

Under 4Ps, Family Packages are also available for an annual fee of only Php 250, where a Principal would have his/her Spouse and a maximum of 3 children enjoy insurance benefits.

Kapag Sigurado, Hindi Kabado

A Principal’s Spouse could avail of the following:

• Death Benefit (P5,000)
• Accidental Death and Permanent Disability (P15,000)
• Daily Confinement Benefit (P200/day)
• Instant Abuloy (P500)

...while his/her children (max of 3) would enjoy the following:

• Death Benefit (P1,000)
• Accidental Death and Permanent Disability (P2,000)
• Instant Abuloy (P250)

A 6-month coverage for Family Packages are also available at Php 125 premium.

A.  Family Package for MARRIED Principal Members

Benefits	Principal	Spouse	Child 1	Child 2	Child 3
Death Benefit	P25,000.00	P12,500.00	P5,000.00	P5,000.00	P5,000.00
Accidental Death & Permanent Disability	P25,000.00	P12,500.00	P5,000.00	P5,000.00	P5,000.00
Accidental Medical Reimbursement	P 2,500.00 maximum	P2,500.00 maximum	P 500.00 maximum	P 500.00 maximum	P 500.00 maximum
Daily Confinement Benefit     (Max 30 days)	P200.00        per day	P100.00       per day	None	None	None
Instant Abuloy	P 5,000.00	P 1,250.00	P1,000.00	P1,000.00	P1,000.00

Other CBIG products include the Classic Benefit Plan that offers insurance protection up to age 96 and is payable in a three-, five-, seven-, or ten-year period.


2. Reliable Insurance Plans for the Rural Folk

#2 Reason Why You Can Depend on Country Bankers

With the summer season just a few weeks away, CBIC, a subsidiary of CBIG, has also come up with low-cost non-life insurance for motor vehicle and fire.

CBIC’s fire insurance provides options that fit different lifestyles – from fire and lightning (buildings and/or contents), as well as several situations such as during earthquakes, typhoons and floods. 

Optional supplementary covers may also be availed from clearing of debris, and firefighting expenses, to household employee belongings.

Country Bankers Website

3. 54 Years of Insurance Advocacy for the Rural Areas

#3 Reason Why You Can Depend on Country Bankers

“We want to continue being known as the company with a heart that can be relied upon. Our products are simple, accessible and important,” says Geraldine Desiderio Garcia, senior vice president and general manager of CBLIC. 

Country Bankers Insurance Group continuous to renew its commitment to provide simple and affordable insurance to Filipino families specially in the rural areas as they celebrate their 54th Anniversary!

Watch this brief Youtube Video from Country Bankers:

Country Bankers Centre 
648 T.M. Kalaw Avenue, Ermita, Manila, Philippines
Telephone: (632) 523-8611 (Life Insurance)
(632) 524-0621 (Non-Life Insurnace) Website: http://www.countrybankers.com/
Facebook: https://www.facebook.com/CBLIC.CBIC Hashtag: #CountryBankersKapagSiguradoHindiKabado 

Indeed, Country Bankers is the choice insurance provider in the countryside because it has made affordable, reliable insurance plans accessible to rural folk. Its micro-insurance products also help educate Filipinos on the benefits of insurance by promoting its value to a broader market!