Losing everything in a fire can be both a tragic and traumatic experience. The idea of seeing your hopes and dreams go up in smoke is difficult to accept. When this happens, rising from the ashes of despair and sorrow can be challenging and life-changing, especially without the right insurance.
Fortunately, this grave tragedy can be prevented with the help of Cebuana Lhuillier’s microinsurance products like Alagang Cebuana Plus (ACP) Gold Plus. More than 7,100 families in over 36 areas whose homes have been ravaged by fires will attest that this product has greatly aided them.
Since 2015, the micro financial services institution has been helping fire victims through Claims Rapido. In this initiative, a dedicated team of Cebuana Lhuillier personnel goes to fire-stricken areas to immediately process the microinsurance claims of victims.
From having a two-day window in claims releasing, the company now releases claims on-the-spot, easing the fire victims’ worries by giving them seed money to start anew. A P5,000 fire cash assistance (up to P25,000 for five certificates of cover) is provided to all claimants with complete documents.
“Cebuana Lhuillier has always been a business that puts emphasis on being a step ahead in answering clients’ needs. Through Claims Rapido, we ensure that our KaCebuanas will have a means to recover; a crutch that will carry them over until they’re fully ready to begin a new life,” according to Jean Henri Lhuillier, company president and CEO.
The firm has already managed to settle more than P180 million in payouts, providing Filipinos with financial security and protection during natural calamities and personal tragedies. Cebuana Lhuillier’s thrust to reach as many people as possible and educate them on the value of a microinsurance coverage is part of the 30-year old brand’s financial inclusion advocacy.
What makes microinsurance attractive is its accessibility. With low premiums, simplified requirements, and faster payouts compared to traditional insurance plans, microinsurance allows Filipinos — even those in low-income segments — to have financial coverage.
A top choice among KaCebuanas is ACP Gold, a life and non-life microinsurance product designed for individuals aged seven to 70 years old. For as low as P40 for an insurance coverage valid for four months, plan holders are given access to: accidental death/dismemberment and disability, fire cash assistance, rider benefit for unprovoked murder and assault, and microinsurance life coverage.
Customers know the value of this affordable investment, as Cebuana Lhuillier has handled multiple pay-outs in the past, peaking at most during the months of March to April where incidents of fire are at its highest.
The next time disaster strikes, be prepared. Sleep soundly knowing that you’re protected.