Geraldine Desiderio-Garcia
SVP & General Manager
Bakit
COUNTRY BANKERS?
 47 years in servicing the countryside
established by rural bankers, JOSE E. DESIDERIO, SR
and ALFREDO MONTELIBANO
 Niche market: farmers, market vendors, teachers,
small & medium entrepreneurs, MFIs
 Pioneered in Creditor’s Group Life, loan-based
insurance and the first to have an approval to sell
microinsurance
 Personalized service
 Best known in fast settlement of claims
 100% Filipino
BOARD OF DIRECTORS
MA. VICTORIA G. GUINGONA
Chairperson
DAVID M. CONSUNJI (DMCI)
ALFREDO ALEX S. CRUZ III
ERNESTINE D. VILLAREAL-FERNANDO
GERALDINE DESIDERIO-GARCIA
DENNIS H. LOCSIN
ROBERTO L. MONTELIBANO
AGNES S. DESIDERIO
ANTOLIN T. NAGUIAT
MANUEL Y. PETINES
ROMEO G. VELASQUEZ
ERNEST JULIUS D. VILLAREAL
Ai Ai endorses Country Bankers
C5 Road Pasig
Where we are now
(as of JUNE 2012)
RB partners
Lives protected (principal + dependents)
118
375,973
MFI partners (non-RB)
Lives protected (principal + dependents)
134
902,834
Total Lives Protected
Total Claims paid
1,278,807
64M+
PARTNER-AGENT
MODEL
INSTITUTIONAL OPTIONS FOR MICROINSURANCE
 main provider
 reinsurer
Why it works for MFIs
 Trim down their level of risk (insurance is not their core
competence)
 Give better service to their members without additional
admin costs
 Devote more on their main facility: credit & savings
 Enjoy lower premium rate because of economies of
scale by the insurance partner
 Share in the growth (incentives for the MFI)
We do not want MI members
to fall back into poverty because of
unwanted events or hardships
nor do we want MFIs to empty out
CB KALINGA
the microinsurance product for
everyJuan dela Cruz and his family
BENEFITS
① Natural Death Benefit
② Accidental Death
③ Permanent Disability Benefit
④ Accidental Medical Reimbursement
⑤ Daily (Hospital) Confinement Benefit
⑥ Instant “Abuloy” (in addition to benefits)
⑦ Financial Assistance due to Fire or Natural Calamity
seven (7) BENEFITS in 1 family package/unit
COVERAGE
MARRIED
SINGLE
 Principal member
 Principal member
 Spouse
 Parent/s
 3 Children
 2 Siblings or
Children
MARRIED member
BENEFITS
PRINCIPAL
SPOUSE
CHILD 1
CHILD 2
CHILD 3
Natural
Death
25,000
25,000
5,000
5,000
5,000
Accidental
Death
+ 25,000
+ 25,000
+ 5,000
+ 5,000
+ 5,000
Permanent
Disability
25,000
25,000
5,000
5,000
5,000
2,500
(max)
2,500
(max)
500
(max)
500
(max)
500
(max)
200/day
100/day
(max 30 days)
(max 30 days)
___
___
___
Accidental
Medical
Reimbursement
Daily
Confinement
Benefit
SINGLE member
BENEFITS
PRINCIPAL
PARENT 1
PARENT 2
CHILD 1 /
SIBLING 1
CHILD 2 /
SIBLING 2
Natural
Death
25,000
25,000
25,000
5,000
5,000
Accidental
Death
+ 25,000
+ 25,000
+ 25,000
+ 5,000
+ 5,000
Permanent
Disability
25,000
25,000
25,000
5,000
5,000
2,500
(max)
2,500
(max)
2,500
(max)
500
(max)
500
(max)
200/day
100/day
100/day
(max 30 days)
(max 30 days)
(max 30 days)
___
___
Accidental
Medical
Reimbursement
Daily
Confinement
Benefit
plus
INSTANT ABULOY
10,000 - Principal
2,500 - Spouse/Parent
1,250 - Child/Sibling
FINANCIAL ASSISTANCE
due to FIRE or
NATURAL CALAMITIES
5,000
ANNUAL PREMIUM
Php 280.00 per package
(only
.77 centavos per day)
• 1 FAMILY PACKAGE = 1 UNIT of CB KALINGA
• Maximum of 8 UNITS may be availed per member
FEATURES & CONSIDERATIONS
 Age at enrollment:
18-70 (principal, spouse, parent)
1 day old - 21 (child, sibling)
 Common law spouse is accepted
 Suicide is compensable
 Each principal member gets a Confirmation of
Coverage (CoC)
 Dependents’ coverage will not stop in case of
principal’s demise
 Package/coverage is adaptable to your needs
OUR COMMITMENT
 CLAIMS paid in 5 days
 INSTANT ABULOY given
within 24 hours, without
documents
CLAIMS experience
375 families lost their homes to SENDONG…
All were insured under CB Kalinga.
All got their financial assistance benefit
without any documents submitted
two days after the tragedy.
Our… just
PARTNERS
to name a few
 ARDCI (Catanduanes)
 CARE FOUNDATION (General Santos)
 FIRST ISLAND MULTI-PURPOSE COOPERATIVE (Marinduque)
 KCDI (Manila)
 KMBI (Manila)
 LIFEBANK FOUNDATION (Iloilo)
 MEMPCO (Zamboanga)
 MILAMDEC (Cagayan de Oro)
 SHED (Manila)
 Rural Banks and Coop Banks, Cooperatives (nationwide)
MICRO CGL
loan-based insurance
that protects the MFI
In the event of the member/borrower’s untimely
death during the term of her/his loan
it will become the obligation of
COUNTRY BANKERS LIFE
to pay his/her principal loan
to your Institution
“insurance as a collateral”
Non-Medical Coverage Limit
for the loans up to Php 200,000.00
for each borrower, 18 - 70 years old
“wala ng medical”
Premium rate is lower than
regular CGL rate
NUMBER OF MONTHS
PREMIUM RATE PER 1,000
1 MONTH
1.15
2 MONTHS
1.15
3 MONTHS
1.65
4 MONTHS
2.00
5 MONTHS
2.75
6 MONTHS
3.15
12 MONTHS
6.00
For all other RISKS:





Money, Securities & Payroll (MSP)
Fidelity Bonds
Electronic Equipments Insurance (EEI)
Fire Insurance
Motor Vehicle
NONLIFE, since 1960
We are not in the business
of marketing insurance,
what we really sell
is peace of mind
Bakit
COUNTRY BANKERS?
Bakit hindi?
Maraming salamat po!
Thank you!