CB Kalinga (Microinsurance)
The most comprehensive family insurance program designed for a group of 500 or more members, borrowers, depositors or savers of an MFI, rural or thrift banks, cooperatives and NGOs engaged in microfinance.
Features & Benefits
(CB Kalinga)
A microinsurance that offers protection for one year for members including their families. Death due to natural (sickness or old age) and accident is covered by this insurance.
Natural Death
Loss of life due to old age or other ailment
Accidental Death & Permanent Disability
Loss of life due to accidents, or unforeseen events, or injury sustained in an accident.
Accidental Medical Reimbursement
Covers medical expenses like laboratories and medicines caused by accidents.
Instant Abuloy
Immediate burial assistance is given to bereaved families upon submission of the death certificate of the insured by an authorized claimant. Daily Confinement Benef
Daily Confinement Benefit
Hospital confinement due to sickness or accident.
OTHER PROVISIONS:
For a group of 500 or more members, borrowers, depositors
Offers insurance protection for one year for members including their families. Death due to natural (sickness or old age) and accident is covered by this insurance.
Maximum of eight (8) units per member.
A. Family Package for MARRIED Principal Members
| Benefits | Principal | Spouse | Child 1 | Child 2 | Child 3 |
|---|---|---|---|---|---|
| Death Benefit | P25,000 | P12,500 | P5,000 | P5,000 | P5,000 |
| Accidental Death & Permanent Disability | P25,000 | P12,500 | P5,000 | P5,000 | P5,000 |
| Accidental Medical Reimbursement | P2,500.00 maximum | P2,500.00 maximum | P500.00 maximum | P500.00 maximum | P500.00 maximum |
| Daily Confinement (Maximum of 30 Days) | P200/day | P100/day | None | None | None |
| Instant Abuloy | P5,000.00 | P1,250.00 | P1,000.00 | P1,000.00 | P1,000.00 |
B. Family Package for SINGLE Principal Members
| Benefits | Principal | Parent 1 | Parent 2 | Child 1/Sibling 1 | Child 2/Sibling 2 |
|---|---|---|---|---|---|
| Death Benefit | P25,000 | P12,500 | P12,500 | P5,000 | P5,000 |
| Accidental Death & Permanent Disability | P25,000 | P12,500 | P12,500 | P5,000 | P5,000 |
| Accidental Medical Reimbursement | P2,500.00 maximum | P2,500.00 maximum | P2,500.00 maximum | P500.00 maximum | P500.00 maximum |
| Daily Confinement (Maximum of 30 Days) | P200/day | P100/day | P100/day | None | None |
| Instant Abuloy | P5,000.00 | P1,250.00 | P1,250.00 | P1,000.00 | P1,000.00 |
