Microinsurance

The poor, having not enough savings for emergencies, are very vulnerable to shocks. Death and accidents are inevitable shocks that the poor deal with. Lacking access to insurance facilities, the poor are forced to make use of their meager income and if any, their savings.

TSPI recognizes the need of its clients to have access to a life insurance facility to secure themselves and their families from such negative shocks. TSPI seeks to address this particular need through the establishment of its own TSPI Mutual Benefit Association (MBA). The MBA will now take on the delivery of benefit packages, which include Life insurance, Accidental Disablement, Accidental Medical Expense Reimbursement, and Settling Outstanding Loan Balance. In addition, all members with or without existing loan, as long as under a specific contract policy, are entitled to get a mandatory benefit package.

The new TSPI MBA is accredited by the Philippine Insurance Commission. The MBA Program will continuously improve the features of the insurance products and study more efficient and effective services to answer the growing security needs of its clients for a better and secured future.