In the Philippines, it is a common saying that a house should be robbed than being caught in a fire. Because then, not everything will be taken away, and there will be a slight chance of being in a life-threatening situation. A fire can indeed turn everything in its way into ashes. Not only can it burn assets and properties, but it can also take away the lives of many…
Life insurance, also known as death cover or income protection, plays an essential role in personal financial planning, protecting you, the insured, against life’s uncertainties, such as sickness, disability, and untimely death. It provides a replacement for the loss of income brought about by the circumstances, minimizing the impact of your death on your beneficiaries. Because of the financial protection and peace of mind that life insurance offers, it is…
A home is considered the most significant and often the costliest investment a person makes in their lifetime. Thus, it makes sense for homeowners to protect their properties by purchasing home insurance Philippines. Although some people view insurance plans as a liability rather than an asset and a source of funds for contingencies, most homeowners see the benefits of purchasing an insurance policy. Home insurance is the non-life insurance that…
Due to the Philippines’ geographic circumstances, it has high exposure to natural hazards. Some of the most catastrophic hazards in the country include earthquakes, volcanic eruptions, tropical cyclones, floods, and draughts. Recently, there has been an apparent increase in the economic cost of environmentally induced disasters. Natural disaster losses have escalated over the years due to various reasons, specifically climate changes altering extreme events worldwide. As these disasters continue to…
When was the last time you thought about insurance? Are you even sufficiently covered? If you are unsure of these questions, now is the right time to consider life insurance PH. Before, insurance in the Philippines was seen as a liability rather than financial protection for life’s unforeseen events. However, recent happenings resulted in an increase in insurance penetration in the country. The pandemic has taught Filipinos how fragile life…