The hassles of commute to work, high rate of accidents and crimes, and the struggles to make ends meet are just some of the challenges that most Filipinos have to face on a daily basis. With a majority of the population below the poverty line, it comes as no surprise that acquiring the basic needs remains top priority. Ideally, an insurance policy is a necessity, especially for those who are continuously exposed to the hazards of living and working in places like Metro Manila. However, the high cost of traditional insurance products has hindered most minimum wage workers from purchasing them. It is this issue that encouraged Pioneer Insurance and Cebuana Lhuillier to offer micro-insurance to majority of the country’s low-income earners through Alagang Cebuana Plus, a basic form of insurance policy that covers individuals aged seven to 70 years old from accidental death, dismemberment, and disability, and a rider benefit for unprovoked murder and assault for up to P20,000....
