Franz Lenard Torres 
Ensuring a safe tomorrow one affordable investment at a time.
Pursuant to Presidential Proclamation No. 1212 s. 2007, January is announced to be the National Microinsurance Month.
For most of us, microinsurance is a relatively new term since the government has only regulated the sector since 2009. By definition, Microinsurance does not stray from customary insurance products. What sets it apart from usual insurance policies is that; Microinsurance is geared for low-income households and people who do not have access to a wealth of financial securities. In simple terms, it is a more affordable option to the normal working-class individual looking to set down roots and be safe along the way.
Given that the Philippines has one of the most developed microinsurance marketplaces in the world, the microinsurance sector here has expanded rapidly in the last several years. The Philippines being a third-world country also contributes to its proliferation and growth.
Microinsurance opens doors for micro-entrepreneurs, farmers, and low-income families, empowering them to pursue their dreams fearlessly. It plays a vital role in building resilient communities, providing a safety net in times of uncertainty. Microinsurance enables possibilities to safeguard our properties and assets in times of need. Without a doubt, microinsurance is a lifeline to those who need it the most.
Let’s take this month to learn, engage, and appreciate the positive change microinsurance brings to Filipinos and people’s lives.
