58 branches of LIGHT (Lead with Integrity and Good Governance in Helping Communities for Holistic Transformation) Microfinance, Inc., joined a zoom learning session on LIGHT’s insurance services benefits for partner-clients with staff and officers from Main Office on October 14, 2022.
Mary Jane Lingat, Microinsurance Assistant discussed that LIGHT Microfinance, Inc. has developed programs over time with the main goal of providing partner clients with a broad range of high-quality financial products and services that are both affordable and accessible including insurances and health benefit plans other than loans. She emphasized that LIGHT continues to hold on to the conviction that low-income partner clients will eventually be able to get out of poverty through the assistance of this insurance services. LIGHT collaborated with Philheath to ensure the wellbeing of its clients and dependents to guarantee a long-term health insurance scheme that covers not only partner clients but including their respective immediate family members.
Genoveva Mesajon, Microinsurance Assistant further explained the benefits of an additional insurance coverage known as “Instant Abuloy” and “Loan Insurance” where immediate burial assistance be provided within 24 hours when the need arises. Certain requirements were well explained for claiming these said benefits.
“Life Insurance is mandatory for all program client members and an optional for their qualified dependents that is co-terminus with the availed loan.”