You perhaps have heard about HMO insurance and Family Accident Insurance when talking about health insurance. But what are they? What are their differences? More importantly, how do you know which one suits you best?   There are two types of health insurance in the Philippines: health insurance policies and Health Maintenance Organizations (HMOs). Both have the same goal and share of benefits, but their services are delivered differently.  …

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Time and time again, people are reminded how uncertainties can set us back financially. But despite the risks that can ruin savings and potentially impede plans, many still regard insurance as an insignificant intangible product in the Philippines. However, the insurance industry in the country experienced a sudden increase in the number of insured as many realized the contribution of insurance in mitigating risks, and the industry is poised to…

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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…

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Insurance is important across many aspects of life. It can help you ensure that you are financially secure and ready to face unforeseen situations in life. Having a life insurance Ph policy enables you to protect your loved ones financially at the time of your demise or if you become disabled due to an accident. A health insurance Ph policy ensures that you are covered in the event of a…

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Technological advancements that led to the digitization of business processes have forever changed people’s lives. Whether buying clothes, foods, or even insurance products, many prefer going to the digital space as it is more convenient and cost-effective. Gone are the days where insurance agents would knock on doors to convince people to buy a particular policy. Today, purchasing insurance products are as easy as a few clicks on computers and…

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More than a year since the World Health Organization announced a pandemic, there is still fear and anxiety about the novel coronavirus. Accordingly, the continuous implementation of quarantine protocols and social distancing measures also adds to the stress and anxiety of people as it makes them feel overwhelmed and more isolated. Therefore, it is crucial to practice self-care during these times. It would be best if you implemented strategies to…

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For the Philippines, monsoon can either be a delightful season or a harmful one. Rains bring respite from months of intense heat, but they may also leave losses from destructive storms and downpours. Joint problems may include engine problems for vehicles stuck in floods, excessive damage to properties, and even water-borne or viral diseases breaking out. Monsoon is yet another season that one needs to prepare for financially. To prevent…

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Many Filipinos have Philhealth, a universal health coverage system in the Philippines designed to help pay for the sick’s care and provide accessible healthcare for all the Philippines’ citizens. However, it might be best to purchase private health insurance policies to cover the needs adequately, given the differences in circumstances. Having health insurance is an absolute must for everyone. Yet, many still choose not to avail of a policy as…

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Sometimes in life, people get lucky. Often, this luck involves money, which has the potential to bring about significant change. Such gains might be cash from an inheritance, financial reward, or the most common, the fruit of hard work. Many things can be done with excess money. Having something to spend without the worry of becoming broke may tempt people to splurge on things they want, donate to the needy,…

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Accidents and health issues can threaten financial security anytime—an unexpected hospital stay and a medical care plan might not be enough to cover all the medical services needed. With health insurance ph, the insured’s medical expenses are covered should they get sick or injured. The insured can also access preventative care such as doctor visits and various tests, preventing the onset of any potential diseases. In most cases, people with…

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