Cebuana Lhuillier K na K sa 24th August Raffle Promo

Mechanics:

1. The promotion period is from August 1 to 15, 2021

2. Open to all registered members of the Cebuana Lhuillier 24k Rewards Program except employees and families of P.J. Lhuillier Inc., its affiliates or subsidiary companies, as well as its representatives or agents and advertising agencies, including their relatives up to the seconddegree of affinity or consanguinity or anyone else professionally connected with the Promotion are disqualified to join.

3. There will be 240 winners for this raffle, of the following prizes:

a.24 Winners of Cebuana Lhuillier Jewelry Voucher worth Php 5,000

b.24 Winners of Cebuana Lhuillier Jewelry Voucher worth Php 1,000

c.24 Winners of Quick FX Gift Pack worth Php 1,000

d.24 Winners of Cebuana Lhuillier Jewelry Voucher worth Php 800

e.24 Winners of Cebuana Lhuillier Jewelry Voucher worth Php 500

f.24 Winners of Cebuana Lhuillier Micro Saving Account Credit worth Php500

g.24 Winners of Cebuana Lhuillier ProtectMAX worth Php50

h.24 Winners of Cebuana Lhuillier Collectibles worth Php300

i.24 Winners of 240 Cebuana Lhuillier 24k points worth Php 240

j.24 Winners of 24 Cebuana Lhuillier 24k points worth Php 24

4.To qualify for the raffle, participants must:

a.Be a member of the CebuanaLhuillier 24k Rewards Programbefore the draw.

b.Like the Cebuana Lhuillier 24k Reward Program Facebook page

5. How to join:

a.Be a registered CebuanaLhuillier 24k Rewards Program Member. Make sure your account is updated.

b.Like the Cebuana Lhuillier 24k Reward Program Facebook page

6. Winners can only win once during the entire promo duration.

7. Winners are drawn electronically based on the following details:

a.24k Reward Client Number

b.24k Reward Card Number

c.Full Name

d.Email Address

e.Mobile Number

f.Present address registered with Cebuana Lhuillier24k Reward Program

8. Winners will be notified through direct messaging on Facebook, SMS, email and/or registered mail based on their information in the records of the Cebuana Lhuillier 24k Rewards Program. Winners will also be announced through the official Facebook page of the Cebuana Lhuillier 24k Rewards Program.

9. There will be one draw date on August 16, 2021:

 

Cut-Off Dates Draw Date Prizes No. of Winners Announcement
August 1to 15 August 16 Cebuana Lhuillier Jewelry Voucher (P5,000)

Cebuana Lhuillier Jewelry Voucher (P1,000)

Quick FX Gift Pack (P1,000)

Cebuana Lhuillier Jewelry Voucher (P800)

Cebuana Lhuillier Jewelry Voucher (P500)

Cebuana Lhuillier Micro Saving Account Credit

Cebuana Lhuillier ProtectMAX (ADB 25K Coverage)

Cebuana Lhuillier Collectibles

240 Cebuana Lhuillier 24k points

24 Cebuana Lhuillier 24k points

24

24

24

24

24

24

24

24

24

24

August 24, 2021

 

10. The raffle draw will be held at PJL Corporate Centre, 1782 Nicanor Garcia corner Candelaria Streets, Makati City via video conference, witnessed and attended by representatives from the Department of Trade and Industry (DTI) and P.J. Lhuillier Inc.

11. Deadline for submission of entries is on August 15, 2021, 11:59pm.

12. PJ. Lhuillier Inc. reserves the right, in concurrence with DTI, to reject a participant if he/she is unable to satisfy the conditions set out in this promo mechanics.

13. Prizes are non-transferable and cannot be exchanged for nor redeemed as cash or other items.

14. Winners must present copy of their 24k card for claiming of the prize. The 240 points and 24 points prize will be credited to the account of winners within 2 days upon full verification of the qualified winners. For those who will win gift packs, Cebuana Lhuillier to send the prize to the registered address of the winner.

15. By entering the Promotion, all participants will be deemed to have accepted and be bound by these terms and conditions, which shall be interpreted by P.J. Lhuillier Inc., in their sole discretion with the concurrence of the DTI. Decisions made by P.J. Lhuillier Inc., in all matters to do with the Promotion are final and no correspondence will be entered into with the concurrence of the DTI.

16. PJ. Lhuillier Inc.shall not be responsible for claims of any nature whatsoever for any loss, damage, illness, bodily injury including death of any customer arising out of participation in the Promotion or the use of the prizes.

17. Acceptance of the prize will be deemed as consent by the winner to use his/her name in all related publicity connected with this Promotion without additional charge or permission.

 

DTI Fair Trade Permit No. FTEB-124270 Series of 2021.

Protect and Win Cebuana Lhuillier CPTL Promo

PROMO MECHANICS

  1. This e-raffle promo will run from July 15, 2021 to December 31, 2021.
  2. This is open only to clients of Cebuana Lhuillier branches.
  3. For every purchase of CTPL insurance (4-wheels or 2-wheels), clients will get one (1) e-raffle entry.
  4. For every purchase of Motorcar comprehensive insurance (4-wheels or 2-wheels), clients will get one (1) e-raffle entry.
  5. There will be equal number of winners per region (8 regions):

 

INSURANCE NUMBER OF WINNERS PRIZES
CTPL 80 3,000
COMPREHENSIVE CAR INSURANCE 40 10,000
COMPREHENSIVE MOTORCYCLE INSURANCE 8 5,000

 

  1. Premiums should be fully paid in order for clients to qualify for the promo.
  2. The deadline of entries is on December 31, 2021, 11:59pm.
  3. Qualified entries will be electronically drawn on January 10, 2021, 2pm at PJ Lhuillier Inc. ICT Office 3/F, The Networld Hub 156 Jupiter cor., Bel Air, Makati City 1209.
  4. In the event that the client’s name is drawn more than once, he/she gets the higher prize.
  5. Winners will be notified through notification letter/SMS.
  6. Unclaimed prizes will be forfeited sixty (60) days upon receipt of notification.
  7. Announcement of winners will be posted in Cebuana Lhuillier branches and official Facebook page.
  8. Employees of P.J. Lhuillier Group of Companies, agencies and services and their relatives up to second degree of consanguinity or affinity are not qualified to join the e-raffle.

CEBUANA AND WESTERN UNION ANNIVERSARY PROMO

PROMO MECHANICS

1.This electronic raffle promo open to all clients who will send or receive their Western Union international remittance through any of Cebuana Lhuillier’s 2,500+ branches nationwide.

2.Promo will run from July 15 – October15, 2021. Each client who will have any of the following will earn e-raffle entry depending on the transactions availed.

 

Qualifier No. of e-raffle entries
International sending from Cebuana Lhuillier to Western Union 3 e-raffles per transaction
International payout from Western Union to Cebuana Lhuillier 1 e-raffle per transaction
Additional entry if 24k member 1 e-raffle per transaction

 

3. Forty (40) winners will be drawn per month or One Hundred Twenty (120) total winners for the whole 3-month promo duration.

    • 1st month: 40 winners of P10,000 cash
    • 2nd month: 40 winners of P10,000 cash
    • 3rd month: 40 winners of P10,000 cash

4.All qualified entries during the promo duration will be drawn on the following dates at the ICT Office, 3/F The Networld Hub, 156 Jupiter cor. Comet Sts., Bel-Air Makati City.

Month Cut-off date Draw date
1st Month July 15 – August 16, 2021 August23, 2021
2nd Month August 17 – September 14, 2021 September20, 2021
3rd Month September 15 – October 15, 2021 October 18, 2021

 

Prizes shall be drawn under the supervision of the assigned representative by the Department of Trade and Industry (DTI).

5.All qualified clients can only win once.

6.All clients must update their personal information (e.g., name, address, active mobile/telephone no. and birthday) in their transacting Cebuana Lhuillier branch as this will be the basis of the marketing team in sending the registered mail and SMS to the winners.

7.All winners will receive a registered mail bearing the procedure on how they will be able to claim their prize. They must present the letter to their winning Cebuana Lhuillier branch together with a valid ID and tax identification number during the redemption period.

8.Announcement of winners will be shared thru the in-branch mini poster and social media pages of Cebuana Lhuillier.

9.Cebuana Lhuillier shall not be liable if the winners did not receive the registered mail due to outdated personal information.

10.All winners will only have sixty (60) calendar days to redeem their prize upon receipt of the registered mail. All unclaimed prizes will be forfeited in favor of Cebuana Lhuillier with prior approval from DTI.

11.All employees of P.J.Lhuillier Group of Companies, Ad/ Creatives Agency, PR and Media agencies and their relatives up to second degree of consanguinity or affinity are disqualified from joining this promo.

 

DTI FAIR TRADE PERMIT NO. FTEB-123114 SERIES OF 2021

Cebuana Lhuillier Bags 13 Awards –including the Grand Globee– from the 2021 Golden Bridge Awards

Cebuana Lhuillier nabbed 13 distinctions from the 13th Annual Golden Bridge Awards, which recognizes global industry leaders for their outstanding business programs and innovations.

 

The company received the highly coveted Grand Globee Award for its multiple recognitions for the innovative products, business continuity programs, services centered on financial inclusion, and more. These were all quickly mounted in response to the global pandemic and the New Normal.

 

Meanwhile, President and CEO Jean Henri Lhuillier received five Gold Globee Awards for the impressive entrepreneurial skills to move the company forward, in spite of the global pandemic. The following awards were bestowed to JHL: Innovator of the Year, Lifetime Achievement Award, Maverick of the Year, Entrepreneur of the Year, and Executive Achievement of the Year. These awards are a testament to his unmatched leadership and remarkable vision that guides the company’s digital transformation.

 

Cebuana From Home, the online platform for pawning services, was named the winner of the Gold Globee Award for Innovation in Consumer Products and the Bronze Globee Award for Innovation in Consumer Services.

 

For the overall initiatives to empower millions of Filipinos for financial inclusion and mobility through Micro Savings, Cebuana Lhuillier received the following awards: Silver Globee for Product Development Project or Initiative of the Year, Bronze Globee for Most Innovative Company of the Year for Consumer Services, and Gold Globee for Most Innovative Company of the Year.

 

In addition, the Digital Brillo 2020 received a Silver Globee Award for Live Event of the Year for Employee Engagement, while CLFI’s Tulong sa Pagbangon also received a Bronze Globee Award for the Company Response of the Year – COVID-19.

 

The Golden Bridge Awards recognizes businesses and institutions from around the world for various aspects of the business, innovation, COVID-19 response, employee engagement, communication campaigns and more. Winners were judged by 85 of the world’s industry experts and business leaders.

 

These awards are a testament to the company’s value of excellence and innovation.

Cebuana Lhuillier 24 Games 24 Days 24 Winners Daily Raffle Promo

Mechanics: 

1.The promotion period is from July 6 to 29, 2021.

2.Open to all registered and verified members of the Cebuana Lhuillier 24k Rewards Program except employees and families of P.J. Lhuillier Inc., its affiliates or subsidiary companies, as well as its representatives or agents and advertising agencies, including their relatives up to the 2nd degree of affinity or consanguinity or anyone else  professionally connected with the Promotion are disqualified to join.

3.There will be 23 daily winners of 24 points and 1 daily winner of a combination of points and skincare giftpacks worth P1,000 for July 6 to 23 and July 25 to 29, 2021 winners. A combination of 24 points and skincare giftpacks worth P1,000 will be given to all 24 winners for the July 24, 2021 game.

4.To qualify for the raffle, participants must:

a) Be a verified member of the Cebuana 24k Rewards Program with an updated profile

b) Like the Cebuana Lhuillier 24k Reward Program Facebook page

c) Join any of the daily Facebook games by providing the correct answer in the post comment section. One game will be uploaded per day:

▪ Game 1: Spot the Difference

– Two similar illustrations will be provided and the participants need to find at least 3

differences between the 2 images

▪ Game 2: Counting Game

– An illustration will be provided and the participants need to give the right answer

to the question

▪ Game 3: 4 Pics 1 Word

– 4 photos will be shown in a grid and the participants need to figure out the

common word

▪ Game 4: Text Twist

– A picture of jumbled letters will be shown and a clue will be given in the caption.

The participants need to provide the right word

▪ Game 5: Word Hunt

– A board of texts will be provided and the participants need to look and comment

the 3 words that they will find

▪ Game 6: Search Game

– A picture will be shown and the participants need to find where the object is

located in the photo

5.How to join:

a) Be a registered Cebuana 24k Rewards Program Member. Make sure your account is updated.

b) Like the Cebuana Lhuillier 24k Reward Program Facebook page

c) Comment the correct answer to our Facebook game post for the day you want to join. To join, your answer must be in the following format: 24k registered last and first name without spaces_last 4 digits of your 24k membership card_correct answer. Example: Delacruzjuan_3798_reward

6.Winners can only win once during the entire promo duration.

7.Winners of 24 points and the grand prize winners will be notified through direct messaging on Facebook, SMS, email and/or registered mail based on their information in the records of the Cebuana Lhuillier 24k Rewards Program. Winners will also be announced through the official Facebook page of the Cebuana Lhuillier 24k Rewards Program.

8. There will be weekly draw dates based on the below schedule:

Cut-Off Dates Draw Date Prizes No. of Winners Announcement
July 6 to 12 July 13 24 points

Gift pack (P1000) & 24 points

161

7

July 16 – 18
July 13 to 19 July 20 24 points

Gift pack (P1000) & 24 points

161

7

July 23 -25
July 20 to 23 July 27 24 points

Gift pack (P1000) & 24 points

92

4

July 30 – July 31
July 24 July 27 Gift pack (P1000) & 24 points 24 Aug 1
July 25 to 29 August 3 24 points

Gift pack (P1000) & 24 points

115

5

August 6 – 8

9.The raffle draw will be held at PJL Corporate Centre, 1782 Nicanor Garcia corner Candelaria Streets, Makati City via video conference, witnessed and attended by representatives from the Department of Trade and Industry (DTI) and P.J. Lhuillier Inc.

10.Deadline for submission of entries is on July 29, 2021, 11:59pm.

11.P.J. Lhuillier Inc. reserves the right, in concurrence with DTI, to reject a participant if he/she is unable to satisfy the conditions set out in this promo mechanics.

12.Prizes are non-transferable and cannot be exchanged for nor redeemed as cash or other items.

13.Winners must present copy of their 24k card for claiming of the prize. The 24 points prize will be credited to the account of winners within 2 days upon full verification of the qualified winners. For those who will win gift packs, Cebuana to send the prize to the registered address of the winner.

14.By entering the Promotion, all participants will be deemed to have accepted and be bound by these terms and conditions, which shall be interpreted by P.J. Lhuillier Inc., in their sole discretion with the concurrence of the DTI. Decisions made by P.J. Lhuillier Inc., in all matters to do with the Promotion are final and no correspondence will be  entered into with the concurrence of the DTI.

15.P.J. Lhuillier Inc. shall not be responsible for claims of any nature whatsoever for any loss, damage, illness, bodily injury including death of any customer arising out of participation in the Promotion or the use of the prizes. 16. Acceptance of the prize will be deemed as consent by the winner to use his/her name in all related publicity  connected with this Promotion without additional charge or permission.

DTI Fair Trade Permit No. FTEB-122882 Series of 2021.

 

Register to be a 24k member now!

Everything You Need to Know About Microinsurance in the Philippines

Introduction

For most people around the world, financial security is difficult to achieve. Most individuals end up spending a large percentage of their wages to pay for bills and everyday essentials. In situations like these, very little money is set aside for future expenses or possible emergencies.

What Is Insurance?

Having inadequate savings poses a lot of risks, which is why people are often encouraged to buy insurance products. Insurance is a contract that provides individuals with financial protection against different kinds of losses in exchange for a regular premium.

Advantages of Insurance

Policyholders can take advantage of a wide variety of benefits depending on the kind of insurance they purchase. For example, a life insurance policy can provide compensation to a household after the primary breadwinner’s death. On the other hand, a health insurance policy can cover large medical expenses, such as surgeries and treatments. There are also insurance products that help protect businesses against liabilities and cover possible property damages.

Accessibility of Insurance

With the number of advantages you can get from insurance, it is clear that it is a good investment for those working their way towards financial freedom. However, not everyone can set aside money to pay for monthly or yearly premiums. A lot of people in developing countries earn just enough to cover their daily expenses, so investing in an insurance policy is often not an option. The desire to provide the lower class with the same financial opportunities as the middle and upper classes led to the popularity of microfinancing options.

Emergence of Microfinancing

While the concept of microfinance has been around since the 18th century, it only gained popularity in 1976 through the efforts of Muhammad Yunus and the Grameen Bank in Bangladesh to help improve the lives of the poor. Since then, microfinancing options, such as microinsurance, have become more accessible, giving less fortunate households a chance to achieve financial security.

What Is Microinsurance?

Microinsurance is a generally more affordable type of insurance product designed to meet the financial needs of low-income individuals and families. It can help cover possible costs brought about by unforeseen events, such as injuries, deaths, and property damages.

How Does Microinsurance Work?

Think of microinsurance as a backup plan for emergencies. Much like traditional insurance products, a microinsurance policy acts as protection against specific risks that you may encounter. In exchange for a regular premium, your microinsurance provider gives you a set amount of funds that you can reimburse when you need it.

How Does Microinsurance Differ From Traditional Insurance?

Premium

The main difference between regular insurance and microinsurance is the premium required for each policy. Since microinsurance is generally for low-income households, premiums are considerably smaller to make it more accessible.

Coverage

Microinsurance products often protect policyholders against a specific type of risk. For example, a health insurance policy can cover medical expenses for injuries, checkups, emergency care, and more. A similar microinsurance product can provide similar coverage, but it may be only limited to accidental injuries and deaths.

This setup gives individuals the flexibility to choose a policy that covers only what is most necessary.

Language

Traditional insurance policies often include a lot of financial jargon. In comparison, microinsurance policies are written in simpler language since the people who purchase these products are usually not as well-versed in the terms used.

Microinsurance in the Philippines

For minimum wage earners, finding affordable insurance in the Philippines is a difficult task. Car insurance, health insurance, and personal accident insurance are some of the most common types available, but low-income individuals cannot even consider buying them because they have to spend their money on more important obligations. Thankfully, Cebuana Lhuillier offers comprehensive microinsurance plans, such as ProtectMax, to help these disadvantaged people.

The microinsurance industry in the Philippines has been steadily growing in recent years because its financial products are more affordable for minimum wage earners. There are even laws in place to ensure that these microfinancing options remain accessible to individuals and families who need them most.

Purchasing a microinsurance policy in the country is relatively easy because most available plans require minimal paperwork. Even with just a mobile phone and valid ID, individuals can already buy their own plan.

Paying for premiums is also convenient for most policyholders because of the wide variety of payment options available. A lot of microinsurance plans can be paid in cash or through mobile applications and salary deductions.

Some microinsurance providers even assist individuals in filing their claims. Underwriters also won’t have to wait too long for their reimbursement because the processing of required documents usually only takes a few days.

Who Should Get Microinsurance?

All minimum wage workers and low-income households are encouraged to get microinsurance products so they can take a step towards achieving financial security. This microfinancing option is also ideal for farmers, street vendors, and small business owners because it can help them invest more in improving their livelihoods.

Why You Should Get Microinsurance

Protection of Assets

Microinsurance plans allow underserved communities to protect their valuable assets without breaking the bank. Policyholders can also have peace of mind, knowing that these products can help them maintain their standard of living.

Access to Basic Services

Low-income households may not have enough funds to access even the most basic services. By purchasing a microinsurance policy, these families no longer have to worry about shelling out a large amount of money in case of medical emergencies or natural disasters.

Less Out-of-Pocket Expenses

With a microinsurance policy, low-income households don’t have to scramble for cash during a crisis. They can simply make a claim to get the funds they need to cover the costs of damages or medical emergencies.

More Chances to Save Money

Since policyholders don’t have to take out money from their savings to pay for unforeseen events, they can set aside more funds for other necessities. They also get a chance to save up for nonessential expenses that could help improve their quality of life.

Investment Opportunities

Several studies have shown that low-income individuals tend to invest more in their livelihoods and new business ventures when they are protected by microinsurance. Since they have additional savings for other expenses, they become more willing to take financial risks.

Convenient and Accessible Financial Services

Microinsurance plans are specifically designed with low-income individuals in mind. Therefore, these policies are easily accessible to those in the informal sector. Microinsurance products are also made to be as comprehensive as possible to meet the needs of these people.

Where To Get Microinsurance in the Philippines

If you are looking for microinsurance, turn to none other than Cebuana Lhuillier. Through our microinsurance plans, we provide Filipinos with accessible and affordable services that help minimize the financial impact of disasters and other unfavorable events. We have around 2,500 branches nationwide, so you can purchase our microinsurance products no matter where you are in the country.

All our policyholders can take advantage of the following:

Affordable Premiums

24-Hour Claims Processing (Terms and Conditions Apply)

Simple Contracts With Minimum Restrictions

Simple Claims Documentations and Requirements

Type of Microinsurance Products Available in the Philippines

Cebuana Lhuillier offers more than 20 insurance and microinsurance products designed to help you with your specific financial needs. Whether you want coverage for your car or your business, you can rely on us to provide you with a comprehensive plan.

Individual Microinsurance

These types of microinsurance products refer to plans purchased directly by the policyholder for their personal benefit. Policyholders are also responsible for paying all required premiums.

Cebuana Lhuillier offers the following types of individual microinsurance:

MicroEnterpriseProtek

This is a property insurance program that covers all risks of property damages, accidents, robberies, and others.

ProtectMAX

Depending on each policyholder’s needs, this microinsurance product can be purchased to cover natural and accidental death, unprovoked assault and murder, and accidental dismemberment and disablement. Cash assistance can also be offered for medical emergencies and residential fire reconstruction.

ERCare

This microinsurance plan covers medical expenses for the treatment of eligible emergency conditions. ERCare is valid for one year from the date of issuance.

TeleCare

Cebuana Lhuillier TeleCare is perfect for people who require regular medical consultations. Policyholders will have access to 24/7 consultation services from licensed doctors. Individuals who purchase this plan can also take advantage of additional services, such as e-prescriptions, online issuance of medical certificates, and ambulance services.

Personal Accident Basic

The Personal Accident Basic plan covers accidental death, dismemberment, and disablement.

Personal Accident MyCare

Similar to the Personal Accident Basic plan, this microinsurance product covers accidental death, dismemberment, and disablement. However, the Personal Accident MyCare program has several exclusions.

Personal Accident Plus

This microinsurance plan also covers accidental death, dismemberment, and disablement, but policyholders have the added benefit of cash assistance for fires.

Personal Accident Prime

Cebuana Lhuillier Personal Accident Prime covers murder and unprovoked assault as well as accidental death, dismemberment, and disablement. Policyholders of this plan also get livelihood assistance, fire cash assistance, and a burial benefit.

HealthCare Plan Dengue

Individuals who purchase this health insurance plan will receive cash assistance for the treatment of diagnosed dengue patients.

HealthCare Plan Dengue+

This microinsurance product is similar to HealthCare Plan Dengue because it provides cash assistance for diagnosed dengue patients. However, this plan also covers accidental death or disablement.

COVID-19 Cash Assistance Benefit+

Through this program, we provide our clients with personal accident insurance that covers accidental deaths as well as those caused by COVID-19, dengue, and chikungunya. Policyholders will get loss of life cash assistance, medical reimbursement, and a daily hospital income benefit.

Pet Care Insurance

Individuals who want extra protection for their pedigreed dogs can purchase Pet Care Insurance from Cebuana Lhuillier. This microinsurance plan includes medical reimbursement, burial assistance, and more.

MicroBiz Protek

MicroBiz Protek is a comprehensive property and personal accident insurance plan specifically made for microenterprises in the Philippines. It protects the property and its contents against natural disasters, burglaries, and robberies. The policy also covers accidental death, permanent disablement, and accident medical reimbursement.

Group Microinsurance

Group microinsurance plans are provided to employees in a company. The premiums for these financial products may either be paid in full by the organization or shared with the member.

Cebuana Lhuillier offers the following types of group microinsurance:

TanodCARE

This microinsurance program is designed for barangay tanod officials and other personnel in the organization. Enrollees will have coverage for accidental death, disablement, and dismemberment, permanent total disability, unprovoked murder and assault, and more.

TodaCARE

Our TodaCARE plan was created to provide financial protection for transport group leaders, officers, and members. This program includes accident medical reimbursement, accident daily hospital income, and a burial benefit.

StudentCARE

With the Cebuana Lhuillier StudentCARE plan, educational institutions can protect their students from various dangerous situations. This microinsurance program has coverage for incidents, such as unprovoked murder and assault as well as accidental death, disablement, and dismemberment.

EmployeeCARE

Companies who purchase EmployeeCARE can provide their workers with medical cash aid for accidents, burial benefits, and coverage for personal liabilities.

SecurityCARE

The Cebuana Lhuillier SecurityCARE plan is a group personal accident insurance product for security guards and officers. Coverage of this program includes accident medical reimbursement, burial benefits, and more.

Other Insurance Products

Aside from our wide variety of microinsurance plans, Cebuana Lhuillier also offers several affordable insurance plans in the Philippines. These include compulsory third party liability (CTPL) insurance, general liability insurance, and bonds.

AutoCARE

Unlike CTPL insurance required by the government, our affordable car insurance plan provides coverage for damages, thefts, bodily injuries, and more.

MotorCARE

Through this insurance product, individuals can protect their two-wheeled vehicles against acts of nature, damages, thefts, and other incidents.

PharmaCARE or Insuremed

This personal accident insurance program is designed for consumers of various pharmaceutical products, including medicine. Insured members will receive cash assistance for fires as well as coverage for unprovoked murder and assault and accidental death, dismemberment, and disablement.

NegosyoCARE

Individuals with micro, small, or medium enterprises can purchase NegosyoCARE to protect their businesses from burglaries, robberies, and property damages. Policyholders will also have coverage for their money, securities, and payroll.

HomeCARE Insurance

Through our HomeCARE Insurance plan, individuals can protect their residential property and its contents from natural disasters, such as fires, earthquakes, typhoons, and floods.

Engineering Insurance

This insurance program is designed for various construction and civil engineering projects, such as buildings, roads, and bridges. The plan includes coverage for accidents that may result in the loss or damage of works in progress, materials, construction equipment, and machinery.

How To Buy Microinsurance From Cebuana Lhuillier

With all the microinsurance options we offer, you will surely find a financial product that provides the coverage you require. We have made the buying process easy so you can apply for a program as quickly as possible.

Read carefully through each policy to determine which one works best for you. Once you’ve decided what plan meets your needs, visit any Cebuana Lhuillier branch and request the microinsurance program you want. You will then be asked to present payment for the Certificate of Cover. After you fill out and submit your Certificate of Cover, you can finally secure a certificate for the microinsurance policy.

Once you are insured, you can enjoy the various benefits that come with your microinsurance plan.

Conclusion

Whether you want to protect your assets or you need backup funds for emergencies, a microinsurance plan can help you achieve your goals. These innovative microfinancing options could be the products you need to progress in your journey toward financial freedom.

No matter your financial needs, you can rely on Cebuana Lhuillier to assist you. Our team has the knowledge and skills to help you understand our wide variety of financial products. We will explain everything you need to know about each microinsurance policy to ensure that you make an informed decision.

For additional information about our microinsurance programs, feel free to get in touch with us today. You may also reach out to us to learn more about our other financial services and products. We will be more than happy to address any of your questions or concerns. Our team looks forward to hearing from you!

Microloans: A Quick Microfinancing Solution for Your Various Needs

Introduction

Saving money is difficult for most people because monthly wages are often just enough to cover everyday expenses and bills. Even if individuals can set aside a small amount of money, it may still take some time to earn enough for large purchases, whether essential or not. In cases like these, financing options, such as loans, may be the best recourse to obtain the necessary funds.

What Is a Loan?

A loan is a sum of money that is lent to another party. The full amount of the debt must be repaid in the future, including any interest charged by the lender. Recipients may also be asked to provide collateral before any funds are exchanged.

Loans may be given to individuals, companies, and even governments to help them cover planned and unplanned costs. Those in need of additional funds may acquire loans from banks, corporations, and other financial institutions.

What Are Loans Used For?

One of the common reasons consumers apply for loans is to cover large purchases and general living expenses. Loans are also common for individuals who may want to start their own businesses or grow their brands. To meet the financial needs of their customers, most institutions offer a wide variety of loan programs.

Types of Loans

All loans are categorized as either secured or unsecured. The former refers to loans that require collateral, while the latter does not. Since unsecured loans do not require collateral, they tend to have higher interest rates because of the risks.

Personal Loans

This is a highly versatile type of loan because it can cover the costs of medical emergencies, vacations, college tuitions, relocations, and much more. It is also common for consumers to get personal loans in the Philippines to consolidate their debts.

Salary or Payday Loans

These loans are short-term financing options that offer small amounts of money, which are typically due by the borrower’s next payday. While these loans may be helpful for emergencies, they could potentially lead consumers deeper into debt because of high interest rates and additional fees.

Calamity Loans

Individuals who live in areas under a state of calamity can take advantage of these loan programs to ease the financial burden caused by disasters. These types of loans are typically offered by government agencies.

Auto Loans

Consumers can get auto loans in the Philippines to purchase new or used vehicles. These financing options are usually offered by car dealerships, banks, and other lending institutions. For these types of loans, the vehicle being bought is also used as collateral if the borrower misses payments.

Home Loans

People planning to purchase houses, condo units, or empty lots can benefit significantly from a home loan. This financing option makes home-buying more accessible to average consumers because it provides them with the funds they need to buy or build a place to live. Some home loans in the Philippines can also be used for property renovations or additions.

Gadget or Appliance Loans

These types of loans are specifically used to purchase electronics and appliances, including computers, mobile devices, refrigerators, and ovens. Gadget or appliance loans usually have shorter payment terms that range from 6 to 24 months.

Credit Cards

Every transaction made using a credit card is essentially like taking out a small personal loan that must be repaid next month. If the balance is not paid in full, the credit card company may charge interest and additional fees.

Unlike traditional loan programs, credit card plans often come with various benefits and rewards for the purchases made. Some credit card companies also promote zero-interest periods as an incentive for consumers to apply for their plans.

Business Loans

Small business owners often apply for loans to keep their establishments up and running. There are a variety of business loans that provide these owners with the funds needed to pay for daily expenses, rent, equipment, and more. These types of loans are also typically used to start new businesses or expand existing ones.

What Are the Advantages and Disadvantages of Getting a Loan? 

Loans give consumers quick access to cash that they may need for immediate concerns. These financial products also allow individuals to make nonessential transactions that could help increase their quality of life.

However, applying for loan programs can be a complicated process with a lot of paperwork and requirements. High interest rates could also potentially increase the borrower’s debt. Aside from these, loans are not easily accessible to low-income individuals because they do not meet qualifications set by lenders. This inaccessibility is what led to the rise of microfinancing options, such as microloans.

What Is a Microloan? 

Much like traditional loans, microloans are sums of money that must be repaid to the lender. The main difference of this financial product is the amount of funds given to the borrower. These loans are typically smaller because they are meant to help low-income or disadvantaged individuals with their financial needs.

Microloans also typically have simpler application processes and more flexible requirements compared to traditional loans. These qualities make microloans much more accessible and convenient for those in need.

If you’re looking for microloans in the Philippines, turn to Cebuana Lhuillier! We offer a variety of programs to assist you with your financial needs. Whether you need money to pay for a hospital bill or a new phone, you can rely on us to give you the funding you require.

How Does a Microloan Work? 

These microfinancing options work just like traditional loans. However, they are usually provided by microlending companies instead of banks. Traditional lenders, such as banks, often focus on making a profit, and microloans are not considered profitable because of the various risks for the lender. On the other hand, microlenders aim to develop the informal sector by giving low-income individuals and households access to additional funds.

What Are the Differences Between Microloans and Traditional Loans?

Amount of Funds

Microloan programs typically offer smaller amounts of money to borrowers, which makes them excellent solutions for urgent payments, such as hospital bills and vehicle repair fees. In the Philippines, Cebuana Lhuillier offers microloans for as low as 5,000 PHP.

Interest Rates

Interest rates for microloans tend to be higher than traditional bank loans because of the risks they pose for lenders. However, since the loaned amounts for these programs are smaller, they are easier to pay back. This means that an individual pays less overall interest if the microloan is repaid early.

The interest rates for Cebuana Lhuillier microloans range from 4% to 10% per month.

Loan Terms

Microloans typically have shorter repayment terms because lenders only offer a small amount of money. At Cebuana Lhuillier, borrowers are expected to repay the loaned amount within three to four months, depending on the loan they get.

Microloans in the Philippines

The microfinancing industry in the Philippines has been growing steadily over the years because of its accessibility to minimum wage earners. The Bangko Sentral ng Pilipinas (BSP) reported a 32% increase in microloans from 2017 to 2019. Based on this data, it is clear that Filipinos are looking for more affordable alternatives to traditional financial products.

As part of the government’s advocacy for financial inclusion in the country, the BSP has implemented several regulations to ensure that microfinancing institutions continue to provide affordable options for low-income households and individuals.

Since microloans are targeted towards people in the informal sector, application processes are often simple and easy to understand. Individuals interested in applying for loans typically only need a valid government ID and proof of financial stability, such as payslips, utility bills, or statements from current loan accounts.

These microloan programs also tend to have flexible repayment terms to give recipients adequate time to pay back the money they borrowed.

Who Should Get Microloans? 

Traditional lenders are often not inclined to accept loan applications from low-income individuals because of the lack of information on their credit history and ability to provide collateral. Because of this, microloan programs serve as the best option for people who do not qualify for traditional bank loans. Microloans allow those in underserved communities to gain immediate access to additional funds that can help pay for their urgent needs.

Aspiring entrepreneurs who want to jump-start their businesses also benefit greatly from microloans because it allows them to acquire the capital they need. Additionally, microloan programs provide small business owners with money that can help further the growth and development of their companies.

What Are the Advantages of Getting a Microloan?

Fast Approval

Since microloans are often used by people who need emergency funds, microlending companies tend to approve applications within a short period of time. Cebuana Lhuillier has an easy application process, so you don’t have to worry about wasting valuable time in long lines.

Fewer Complications

Because microloan processes are simplified, complications are less likely to happen. These financial products are specifically designed to make repayments easier for borrowers so that they do not fall into debt.

Easy Eligibility

Microlending companies typically do not need a lot of requirements for loan applications. Potential borrowers do not need credit histories or high credit scores to be able to acquire the funds they need. At Cebuana Lhuillier, individuals applying for microloans can simply provide valid identification and proof of financial stability. However, those applying for business loans need to present additional legal documents, such as business licenses and registrations.

More Opportunities

According to Plan International Canada, families who receive microfinancing are “less likely to pull their children out of school for economic reasons.” This means that microloans can help households improve their quality of life and potentially lift themselves out of poverty.

Microloans also allow entrepreneurs to establish their businesses and keep them operational. The establishments they put up can also create job opportunities for other individuals in their local communities.

Essential Things to Remember Before Applying for a Microloan

Taking out a microloan is a decision that should not be taken lightly. Before you even consider your options, you should determine if a loan is really necessary for your situation. If there are other solutions to your financial concerns, you shouldn’t disregard them just because a microloan seems more convenient.

Research Your Options

The most convenient microloan programs are not necessarily the best options available to you. It is important to look at offerings from various microfinancing institutions and traditional lenders to see how each financial product can benefit you. Even if you think you won’t qualify for a specific program, it could still be worth applying to.

Compare Your Preferred Microloan Programs

Once you’ve narrowed down your search, compare the terms of each program. Take note of how the loan amounts, interest rates, and repayment periods can affect your ability to pay back the loan. You should also try to find out if lenders charge any hidden fees. After studying the specifics of each microloan, choose the one that best meets your needs.

Prepare Requirements

When you’ve finally decided which lender to go to, prepare the necessary documents before filing your application. The most common requirements include government IDs, financial documents, and cash flow statements. In case the lender requires collateral, you should also prepare the necessary assets.

Where To Get Microloans in the Philippines

No matter where you are in the Philippines, you can rely on Cebuana Lhuillier to provide you with excellent microloan programs. We have around 2,500 branches nationwide, which allows us to provide highly reliable financial services to clients throughout the country.

All of our microloan programs have simple application processes and minimal requirements so that you can quickly acquire all the funds you need. Our programs also have flexible terms to make them more accessible to you.

To make the application process even more convenient, you can apply for any of our loans through our website. We also have a five-point application for the disbursement process that ensures all our services are delivered on time.

What Kinds of Loans Does Cebuana Lhuillier Offer?

Under our microloan programs, we provide Lucky Loans and Happy Loans. The former is offered to registered entities and small to medium enterprises to help them achieve their business goals. On the other hand, Happy Loans are personal loans in the Philippines that allow individuals to get money for their necessary expenses. We also offer Gadgets Loans for people who want to get funds to pay for various electronics or appliances.

Cebuana Lhuillier also offers exceptional home loans and auto loans in the Philippines. Whether you want to buy a new house or car, renovate your existing property, or have your vehicle repaired, we have a loan program that meets your needs.

Aside from these programs, we offer Agricultural Loans for small agricultural businesses. These loans are perfect for farmers who want to increase their resources and develop their professional expertise.

Employee Salary Loans are also exclusively available for all regular employees of the PJ Lhuillier Group of Companies.

Conclusion

With a wide range of innovative microfinancing options available in the Philippines, you no longer have to worry about not having access to essential financial services. Taking advantage of these products can help you take another step toward achieving financial freedom.

You can apply for a microloan if you need emergency cash or want to invest in ways to boost your quality of life. If you’re an aspiring entrepreneur, you can also finally get the money you need to start your business and improve your financial situation. Whatever your reason for getting a microloan, you can rely on Cebuana Lhuillier to make the process as simple as possible.

We have decades of experience in the industry, so you can trust that we have the knowledge and skills to help you find the right microloan program for your needs. Our team will work closely with you to give you a better understanding of our financial products and assist you in determining the best one.

Feel free to get in touch with us today to learn more about our loans and microloans. You may also reach out to us for information about our other financial services. We will be more than happy to address any of your questions or concerns. Our team looks forward to serving you!

CORPORATE AGENT PARTNERS

  • ACTION.ABLE, INC.
  • ALL ACCESS GATEWAY INC.
  • ANTRECCO (AGUSAN DEL NORTE TEACHERS, RETIREES, EMPLOYEES & COMMUNITY COOPERATIVE)
  • ACM VIP
  • ALL CASH
  • AGRILIFE/ AGRIVET
  • ASENSO PINOY STORE, INC. (EASY DAY SHOP)
  • AVICOM ENTERPRISES
  • AYALA ALABANG VILLAGE ASSOCIATION
  • BAUG CARP MULTI PURPOSE COOPERATIVE
  • BAGUIO BENGUET COOP
  • CARD BANK INC
  • CARD MRI RIZAL BANK INC
  • CARD SME BANK
  • CARITAS BANCO NG MASA, INC.
  • CEBU PEOPLE’S MULTIPURPOSE COOPERATIVE
  • CIS BAYAD CENTER, INC
  • COOPERATIVE BANK OF BOHOL, INC
  • COUNTRY BUILDERS BANK
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • AEON CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (VIA ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (VIA ECPAY)
  • ALLIANZ PNB LIFE INSURANCE INC.
  • ALPHA FUND SAVINGS & CREDIT COOPERATIVE (VIA ECPAY)
  • AMADEO WATER DISTRICT (VIA ECPAY)
  • AMYA POLYTECHNIC COLLEGE, INC. AND FINANCING CORPORATION (LENDPINOY)
  • ANGAT WATER DISTRICT (VIA ECPAY)
  • ANGELES ELECTRIC COMPANY ANGELICUM SCHOOL , INC. ILOILO CITY (VIA ECPAY)
  • ANJELMAN REAL ESTATE LEASING
  • ANTIQUE ELECTRIC COOP, INC ANTRECCO (BILLS PAYMENT)

OVER 600 BILLER PARTNERS NATIONWIDE

  • 123 FINANCE CORPORATION
  • 123 LENDING CORPORATION
  • 2C2P
  • 8AMC (VIA ECPAY)
  • ABEJO WATERS CORP.
  • ABRA
  • ACOM CONSUMER FINANCE CORPORATION
  • ACTIVE REALTY & DEVELOPMENT CORP.
  • ADA MANUFACTURING CORPORATION (VIA ECPAY)
  • CREDIT SERVICE
  • AETERNITAS CHAPELS AND COLUMBARIUM (via ECPAY)
  • AFC SME FINANCE INC
  • AFTERWEST MICROLOANS INC
  • AGODA – DRAGONPAY
  • AGRIBANK
  • AGRO-INDUSTRIAL FOUNDATION COLLEGE OF THE PHILS.
  • AGUSAN DEL NORTE ELECTRIC COOPERATIVE, INC.
  • AIR YOU GO TRAVELS PHILIPPINES CO.
  • AKLAN ELECTRIC COOPERATIVE, INC.
  • ALAMINOS CITY WATER DISTRICT (via ECPAY)
  • CREDENCE FINANCING, INC.
  • CURAMED PHARMACY
  • DALTON PAWNSHOP AND JEWELRY INC.
  • DANIELA PAWNSHOP
  • DIRECT AGENT 5 (DA 5)
  • DEVELOPMENT BANK OF THE PHILS.
  • EXPRESSPAY INC.
  • EVRIJEM FOREIGN EXCHANGE AND MONEY REMITTANCE
  • FILHAI MULTI PURPOSE COOPERATIVE
  • GLOBAL PINOY REMITTANCE AND SERVICES (GPRS)
  • GEMARY PAWNSHOP AND JEWELRY (CORP.)

List of Accepted Government/ Valid IDs

  • Passport
  • Driver’s License
  • Professional Regulation Commission (PRC) ID
  • National Bureau of Investigation (NBI) Clearance
  • Police Clearance
  • Postal ID
  • Voter’s ID
  • Philippine Identification System (PhilSys) ID
  • Government Service Insurance System (GSIS) e-Card
  • Social Security System (SSS) ID
  • Senior Citizen’s ID
  • Overseas Workers Welfare Administration (OWWA) ID
  • OFW ID
  • Seaman’s Book
  • Alien Certification of Registration (ACR)
  • Barangay Certificate or ID (with picture and signature)
  • Birth Certificate (applicable to minors only)
  • Firearm License
  • Immigrant Certificate of Registration
  • Marriage License
  • National Council for the Welfare of Disabled Persons
  • New TIN ID
  • OWWA ID
  • Student ID
  • Alien Certification of Registration (ACR) / Immigrant Certificate of Registration
  • Government Office or Government Owned and Controlled Corporations (GOCC) ID (e.g. AFP ID, HDMF (Pag-ibig Fund) ID, etc.
  • Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
  • Department of Social Welfare and Development (DSWD) Certification
  • Integrated Bar of the Philippines ID (IBP)
  • Company IDs issued by private entities or institutions registered with or supervised or regulated either by the BSP (Bangko Sentral ng Pilipinas), SEC (Securities and Exchange Commission) or IC (Insurance Commission)

IDs Accepted

As required by Bangko Sentral ng Pilipinas (BSP), clients who engage in a financial transaction with covered institutions for the first time shall be required to present the original and submit a clear copy of at least ONE (1) valid photo-bearing identification document issued by an official authority. For our clients’ convenience, Cebuana no longer requires submission of the photocopied ID. IDs are captured using a webcam in all branches. Clients are also required to submit an updated photo and other relevant information whenever the need for it arises.

Forms of identification accepted are the following;

Pawn Accepted IDs
1. Passport
2. Driver’s License
3. Professional Regulation Commission (PRC) ID
4. National Bureau of Investigation (NBI) Clearance
5. Police Clearance
6. Postal ID
7. Voter’s ID
8. Philippine Identification (PhilID) card
9. Social Security System (SSS) Card / Unified Multi-Purpose ID (UMID)
10. Barangay Certification
11. Government Service Insurance System (GSIS) e-Card
12. Senior Citizen Card
13. Overseas Workers Welfare Administration (OWWA) ID
14. OFW ID
15. Seaman’s Book
16. Alien Certification of Registration/Immigrant Certificate of Registration (for foreigners)
17. Government Office and GOCC ID, e.g., Armed Forces of the Philippines (AFP ID)
18. Home Development Mutual Fund (HDMF ID)
19. Certification from the National Council for the Welfare of Disabled Persons (NCWDP)
20. Department of Social Welfare and Development (DSWD) Certification
21. Integrated Bar of the Philippines (IBP) ID
22. Company IDs issued by private entities or institutions registered with or supervised or regulated either by the Bangko Sentral ng Pilipinas, Securities and Exchange Commission or Insurance Commission
23. ID issued by the National Council on Disability Affairs (NCDA)