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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The concept of insurance is to provide financial protection from unforeseen events that might cause loss or damage. The premium, which is the agreed price that the insured has to pay is accumulated in a pool from which the insurer is entitled to use for obtaining payment for claims. Policyholders may choose what type of option they prefer when paying for insurance premiums depending on their insurance provider. Some of…

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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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When talking about insurance policy, there are different types of coverage available. Depending on what is covered in a policy, people can ensure financial assistance from life-altering situations that can render people financially incapable. The everyday uncertainty stresses the importance of insurance should certain things happen. While preventing such occurrences is impossible, at least financially, people are in control as the insurance policy can safeguard them from impending obstacles. Despite…

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Regardless of age, career, or lifestyle, taking care of health should be a top priority. However, remaining in good health is easier said than done. The challenge of stress, the temptation of unhealthy foods, and preventing a sedentary lifestyle is an arduous task that requires effort and dedication. As such, it is discouraging for many to keep up with a healthy regimen streak. Furthermore, healthy living does not depend on…

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The coronavirus pandemic has affected the normal flow of work and business, halting operations during the first few months of 2020. Various companies, including insurance firms, have temporarily closed during the enhanced community quarantine implementation in March and continued during the Modified ECQ in May and the current general community quarantine. The strict regulations of the community quarantines have affected individual lives and the workflow of businesses. For example, most…

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