Braving the New Normal with Greater Social Protection Through Microinsurance

In these challenging times brought on by the pandemic, microinsurance has become an important lifeline for Filipinos with low income and limited access to mainstream insurance services. Microinsurance has come a long way in the Philippines, from a coverage of less than three million low-income Filipinos in 2007, the number has surged to 40 million individuals in 2019.

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At-a-Glance - June 2020

Mi-MBA Members - Partners

18

Membership

6.99 Million

Individual Insured

25.49 Million

Contribution - Premium

1.84 Billion

Claims - Paid

721.10 Million

Equity Value Cumulative

10.86 Million

Equity Value For The Year

683.38 Million

Release of Equity Value

133.76 Million

Total Number of Claims Paid (BLIP)

30,529

Average Amounts of Death Claims per Day

4.01 Million

Average Number of Death Claims per Day

170

Mi-MBA Claims Updates during National State of Calamity

Covered Period : March 16 to December 31

“There are 1,724 COVID-19 related claims “

Total amount of claims paid

1.26 Billion

Average amount of claims paid daily

3.53 Million

Total numbers of claims paid

57,436

Average numbers of claims paid daily

161

Stories Behind Us

ISLA AVP
Bayanihan

Events

Annual General Meeting
July 13, 2020
Annual General Meeting