As a brand catering to the financial needs of Filipinos for decades, M Lhuillier knows what a Pinoy family values the most – it’s always the safety of loved ones. While nothing can ever amount to the love shared among family members, one thing to ensure that parents and children are covered with comfort and security in different aspects is through insurance.
Unfortunately, in the Philippines, insurance penetration remains low. According to recent data by Statista, roughly 21.7 million newly-insured people in the Philippines had life insurance in 2021. The number covered below two percent penetration rate in the local insurance industry, one of the lowest in Asia.
Among the factors that amount to the minuscule population of Filipinos with life insurance include being intimidated about the commitment of a regular payment scheme. Normally, insurance policies should be paid monthly or quarterly. For a Filipino family with a minimum wage income, surviving is prioritized more than security.
As its way of helping solve this problem to aid more Filipino families get insured, M Lhuillier, true to its “Tulay ng PaMLyang Pilipino” tagline continues to offer affordable packages with its insurance plans namely Pawners Protect, Kwarta Padala Protect, Family Protect, Pinoy Protect Plus, and Family Protect Plus.
Most of these insurance plans cover accidental death, disablement or dismemberment, burial assistance, cash assistance, educational assistance, and fire assistance, among others, from four months up to 1 year term for ages seven years old up to 75 years old.
M Lhuillier made sure that Filipino families from all walks of life can avail their insurance packages with a price range of P5 to P99.
Apart from its value for money insurance plans, M Lhuillier also offers domestic and international travel plan insurance, the OFW Balik Manggagawa Insurance, Medicare Plus Insurance, Mediphone Insurance, and more.
M Lhuillier partnered with leading global and local insurance providers including AIA Philippines, Paramount Life & General Insurance Corp., MAA General Assurance Philippines, Inc., and PhilLife Financials.
To know more about the comprehensive insurance plans of M Lhuillier, visit https://mlhuillier.com/insurance.
Karina is not your ordinary supermom. She juggles her time bonding with her three amazing kids while being in the loop on the latest happenings in the tech and lifestyle scene. Follow me on Instagram (@digitalfilipina) regularly visit www.digitalfilipina.com for daily dose of updates not just for moms but for everyone!