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The Protector for micro-finance individual borrowers.



BENEFITS
Incident/Benefits INSURANCE COVERAGE
Life Insurance P 15,000.00
Accident Death & Dismemberment P 15,000.00
Accident Medical Expenses Reimbursement P 5,000.00
Residential Fire Insurance Cash Assistance P 15,000.00
PREMIUM FOR 3 MONTHS COVERAGE P 60.00
 
FEATURES
  • The plan is a group renewable term insurance for a minimum coverage of 3 months or co-terminus with the term of loan.
  • For loan term above three (3) months, additional premium of twenty pesos (PhP 20.00) per month of coverage.
  • It is designed to protect the micro-finance individual borrower from financial loss in case of accident, death and fire.
ELIGIBILTY
  • All micro-finance borrowers who are 18-69 years old.
  • Non-medical basis, provided, at the affectivity of insurance they are in good health, able to perform the usual duties of their livelihood and not afflicted of life-threatening diseases.

Effectivity of insurance starts upon deduction of the total premium and release of the loan proceeds duly receipted by the borrower, and remitted to CoopLife within the specified period.

 
 
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