CBIG pays claims of Yolanda victims

Manila Bulletin
Mon, Mar 24, 2014

Country Bankers Insurance Group (CBIG) has paid, as of February 21, 2014, P5.67 million to benefit 956 policy holders who have been displaced or disadvantaged due to typhoon Yolanda, according to Eileen Infante-Enobal, assistant vice president for Claims & Microinsurance of Country Bankers.

CBIG clients have benefitted from their purchase of CB Kalinga, a microinsurance product which protects the insured in risks associated with losses such as death, illness, or injury of a family member. Its benefits include Financial Assistance for irreparably damaged houses and Instant Abuloy for families who lost lives.

A substantial amount of claims covered fisherfolk, farmers, vendors and members of the marginalized sector in the areas of Leyte, Cebu, Iloilo, Biliran, Sorsogon, Catanduanes and in other affected areas in the Visayas.
CBIG is composed of Country Bankers Life Insurance Corporation (CBLIC), a life insurance company that has been around for 48 years now, and Country Bankers Insurance Corporation (CBIC), a non-life insurance company serving its clients for the past 53 years.

Meantime, CBIG, thru its Senior Vice President and General Manager Geraldine Desiderio-Garcia said the company is committed not only to make insurance affordable but accessible through solid partnerships with rural banks and microfinance institutions all over the country.”

CBIG, through its microinsurance products aims to help educate Filipinos on the value of insurance by promoting insurance consciousness to a broader market.

It is committed to promote measures that would protect the disadvantaged, which carries the heavier burden in times of catastrophe, in times of financial distress.

CBLIC offers a wide range of products from life insurance for CEOs and executives to individuals and families, including credit group life and microinsurance for small entrepreneurs, farmers, and fishermen. On the other hand, CBIC provides insurance products such as fire, motor vehicle and personal accident, to name a few.