Microinsurance: Guarding the poor from falling
2 likes738 views
Mr. Ferdinand Sia illustrates the impact of microinsurance to a rural bank client during the 2012 RBAP-MABS National Roundtable Conference on June 8.
More Related Content
Viewers also liked (16)
More from MABSIV (20)
Recently uploaded (20)
Microinsurance: Guarding the poor from falling
- 1. Session 7: Transforming MI from Service to Business An Introduction Ferdinand Sia Chemonics International 2012 RBAP-MABS National Roundtable Conference June 7-8, 2012 Hyatt Hotel & Manila
- 2. Microinsurance: Guarding the poor from falling 2
- 3. Ermie peddles banana-que and bicho bicho to raise her two small children 3
- 4. Life was better when her husband was helping the family 4
- 5. But the unexpected happened 5
- 6. Without Microinsurance, Ermie would incur unmanageable debt to pay for funeral and other emergency expenses P20,000 P10,000 Death of Spouse P0 Childbirth Treatment of -P10,000 pneumonia -P20,000 In debt for 3 years Debt -P30,000 Risks of unmanageable debt: 1. Critical illness left untreated 2. Childrens schooling disrupted Poverty cycle would likely continue 6
- 7. With Microinsurance, Ermie did not incur unmanageable debt and continued to raise children without disruption P20,000 P10,000 Death of Spouse P0 MICROINSURANCE Childbirth Treatment of -P10,000 pneumonia -P20,000 In debt for 3 years Debt -P30,000 Freedom from unmanageable debt: 1. Illnesses treated properly 2. Children continue schooling Higher chance of escaping poverty 7
- 8. The RBAP-MABS Microinsurance Initiative Guarding the poor from falling 8