Prudential notes increase in 2011 microinsurance claims

THURSDAY, 19 APRIL 2012 20:26 JUN VALLECERA / REPORTER. BUSINESS MIRROR  THE Philippine Prudential Insurance Co. Inc. has reported paying more than P22 million worth of claims in 2011, a substantial increase compared to 2010 when payouts totaled only P2.49 million. Company officials said this indicated a renewed and more vigorous pursuit of a program [...]

Guarding the Poor from Falling through Microinsurance

By Ferdinand Sia Ms. Ermie Mayor arrived at her mother’s house after making the rounds in Dayhagan Pilar, Balasan Iloilo. She sold a whole bilao (winnowing basket) of banana-que (deep fried bananas with caramelized sugar on stick) and bicho bicho (deep fried doughnut coated with brown sugar) that her mother prepared in the morning. She [...]

A Dream Home Come True

By Ferdinand Sia After getting married in 2001, Mr. Joel and Mrs. Erlyn Espinosa built their small nipa hut in Balasan, Iloilo to start a family. Mr. Joel is a son of a small palay farmer and makes a living as a carpenter for house construction. Years of labor as a carpenter are now showing [...]

The Healing Touch

With four children to support and without a stable income, it was an everyday struggle to make ends meet for Mr. Danelito Castro and his wife. They were so hard-pressed that they could hardly pay basic monthly bills that amounted to a few hundred pesos (less than US$10). Faced with these circumstances, Mr. Castro set [...]