As the COVID-19 pandemic continues, it is more important now more than ever to maintain healthy lifestyles and protect ourselves from sickness and harm. One of the best ways to do this is to invest in microinsurance.
These insurance products are designed to give minimum wage workers access to excellent financial services. In case of unforeseen events, such as natural disasters and accidents, microinsurance can serve as a backup plan to cover the costs of these emergencies. This allows policyholders to save the rest of their money for other important expenses, including monthly bills and daily necessities.
One thing you must remember before deciding to purchase a microinsurance policy is that these products typically cover a specific type of risk. So, you must carefully consider what type to get depending on the risks you are exposed to the most.
If you’re not sure which microinsurance product is best for you, we’ve listed down some great options you can consider, depending on your line of work.
Do you work at a retail store, fast-food chain, supermarket, or another similar establishment? If you do, then you know that you are at high risk of being exposed to COVID-19. As a frontline worker, you must take extra precautions to protect yourself against the virus, as health protocols can only do so much to keep you safe.
Thankfully, Cebuana Lhuillier offers Health COVID Plus, an exceptional microinsurance product that can provide you with financial protection for medical bills. This policy covers daily hospital cash allowance if you get confined, medical reimbursements for accidental injuries, and more.
Additionally, we offer other health microinsurance products, including Health Care and ER Care, that could supplement the Health COVID Plus policy if you decide to purchase them.
Small Business Owners
When you own a sari-sari store, tiangge stall, or street food stand, not only do you have to think about your own safety, but you also have to protect your business from damage. Aside from these, you have to consider the welfare of your employees, if you have any.
An excellent microinsurance option that can cover all three of these things is the Microbiz Protek Jr. This policy provides you with cash assistance for property damage caused by natural disasters, such as typhoons, fires, and earthquakes. The microinsurance product also covers the costs of robberies, burglaries, and personal accidents for the owner and one employee.
If you have a much bigger business, like a bakery, Internet shop, or carinderia, Cebuana Lhuillier also offers other microinsurance products that are perfect for your needs. You can choose from our MicroEnterpriseProtek, EmployeeCARE, or NegosyoCARE policies for coverage for property damage, payroll, medical cash aid, accidental disablement, and much more. Browse through our various financial products for additional information.
Tricycle, Jeep, and Taxi Drivers
People who work in the transportation industry have always been exposed to various risks, even before the COVID-19 pandemic. They can catch several types of illnesses or get into accidents caused by other drivers or natural disasters.
That’s why, if you work in this industry, it is important to protect yourself as much as possible. One microinsurance product you can get from Cebuana Lhuillier is our TodaCARE group insurance. This is specifically designed for transport group leaders, officers, and members, and it covers accident medical reimbursement, daily hospital income, and more.
If you’re not part of a transport group, you can choose to invest in one of our health microinsurance products as well as our AutoCARE insurance. This policy will allow you to protect yourself and your vehicle, which serves as your source of income.
Much like drivers, delivery riders are exposed to several risks on the road. They also travel from house to house, interacting with a lot of people who could possibly infect them with viruses, such as COVID-19.
Whether you deliver food, parcels, or both, you could benefit from investing in the Cebuana Lhuillier Rider Insurance. This financial product provides you with coverage for telemedicine consultation, daily hospital income, accident medical reimbursement, and more.
Another helpful microinsurance product is our MotorCARE insurance, which covers damage to two-wheeled vehicles such as motorcycles and bicycles. This policy also covers theft, loss, and bodily injury.
Security guards often serve as the first line of defense against danger in both public areas and private institutions. They are in charge of maintaining the peace in case disruptive individuals try to cause trouble. Additionally, they can help provide directions and assistance for people who may need them.
If you are a security guard, you know that the job comes with its fair share of risks. That is why it would greatly benefit you to purchase one of our microinsurance products. At Cebuana Lhuillier, we offer SecurityCARE, a group accident insurance specifically created for the needs of security guards and officers. This policy includes a burial benefit, accident medical reimbursement, and coverage for unprovoked assault, accidental disablement, and others.
We also offer other helpful microinsurance plans such as Personal Accident Basic, Personal Accident MyCare, Personal Accident Plus, and Personal Accident Prime. Depending on the policy you choose, you can take advantage of fire cash assistance, burial benefit, and more.
Given our current circumstances, it is vital to take preventive measures to keep ourselves and our loved ones safe. We shouldn’t wait for an unfavorable situation to happen before we protect ourselves against it. Thankfully, with Cebuana Lhuillier’s microinsurance products, we don’t have to worry as much about the costs of these unforeseen events. These policies can help give us the financial protection we need to achieve our goals in life.
For additional information about our various financial products, feel free to get in touch with us today. We will be more than happy to address any of your questions or concerns. Our team looks forward to serving you!