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Why Every College Student Needs Microinsurance

Microinsurance is usually seen as an adult matter. When you’re mature enough to work and move out of your parents’ house, you may consider the everyday risks that you’ll encounter, thus, prompting you to get a financial cushion with the help of various coverages and insurance options. However, do you know that there are also microinsurance options for college students? Yes, you’ve read that right, microinsurance extends even to those who aren’t even working yet (or at least trying to balance both work and studies, if ever they’re a working student). You may ask, what advantage would it give college students? What is the use of getting a microinsurance plan that early? Well, no need to look any further, as we have enumerated a few important reasons why:

     1) Stressful activities.

College students grind day in and day out, giving your all when it comes to your studies, hence it wouldn’t be much of a surprise that you tend to get ill as well on certain occasions. Stress and lack of sleep is common among hardworking students, and trying to balance both your academics and extra-curricular activities is no joke. You may either experience the cold, the flu, and even the heatstroke if you’re not hydrated enough for your daily university activities. In such case, what better way to prepare for such occurrences than getting a health insurance? It is natural for students to live on a limited budget, especially if they’re not a working student at all, hence a health insurance would help cut down on the medical bills if ever they would need to be treated or hospitalized due to extreme academic stress.

     2) Uncertainty when travelling towards school.

Accidents may happen in the blink of an eye. If a college student were to commute towards their university on a daily basis, they are at a much higher risk of getting involved in a road accident, the same as employees commuting to work daily. This risk is even doubled per day, as they do not only need to commute towards school; they also need to commute back at home after class has ended for the day. Acquiring health insurance (like in the first pointer) would reduce the amount of expenses garnered if ever an accident were to occur during your travels.

     3) It is a long-term safeguard, even after you’ve graduated.

Yes, your young body may be able to withstand the everyday stress brought about by your studies, but that doesn’t mean that it’ll stay that way forever. A human body can only take so much during its younger stages, but once you had reached and went beyond your mature stages, you are bound to encounter illnesses that can only occur in your old age. Now, don’t panic, it may sound scary, but this can actually be avoided if you take care of yourself during your early days, including your college years. Some health insurance coverage includes check-ups, so you may know the condition of your body, and do the health regimen to tone it well-enough for your old age. Think of it as a fruitful investment, rather than an extra bill that has to be paid.

With all of those in mind, you may definitely want to weigh your options, analyzing which establishment would be best for availing a microinsurance premium and coverage. Look no further than with Cebuana Lhuiller’s Microinsurance Services, affordable insurance products to help Filipinos avail of financial services and privileges that higher-income earners have easy access to, with innovative microinsurance products and services that promise to minimize impact of distress and misfortune on one’s financial position. Feel free to visit your nearest branch for more information.

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