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CLMI inks agreement with Philam Life for accessible life and micro-life insurance



Cebuana Lhuillier Micro Insurance (CLMI) continues to provide quality and affordable insurance protection and innovative services to its target clients as it sealed an agreement with the Philippine American Life and General Insurance Company (Philam Life), the country’s premier life insurance company and market leader for 60 years.

The two major insurance players formalized the partnership with the signing of the Memorandum of Agreement held recently in Makati City.

The joint venture intends to make available Philam Life’s existing products to both employees of Cebuana Lhuillier and its clients, as well as develop new “micro-life” insurance products for the general public.

“With Cebuana Lhuillier’s success in making accessible insurance protection to the average Filipino, and Philam Life’s expertise and credibility as the dominant life insurer in the country, the partnership is poised to bring newness and innovation in the microinsurance sector,” said Cebuana Lhuillier Micro Insurance General Manager Jonathan Batangan.

Philam Life offers an extensive line of products that provides solutions to various financial needs including life protection, health insurance, savings, education, retirement, investment, group, and credit life insurance.