Bankers Assurance Corporation settles typhoon claims of MicroEnsure clients.

 

Honoring its service commitment to its policyholders and business partners, Bankers Assurance Corporation (BAC) disbursed the amount of P50 million as insurance claims payment to clients of MicroEnsure Philippines, an insurance broker engaged in providing insurance products to the low-income sector. Policyholders under MicroEnsure’s Alpha Program, a Fire and Calamity Assistance Insurance Program underwritten by BAC for members of Taytay sa Kauswagan, Inc. (TSKI) and Opportunity Kauswagan Bank, Inc. (OK Bank), were affected by the devastation caused by super typhoon Yolanda (Haiyan). BAC, a subsidiary of the country’s leading non-life insurer Malayan Insurance, has partnered with MicroEnsure for the development of crop, accident, health, and property loss assistance microinsurance products to cover the insurance needs of the underserved markets. Photo shows (from L-R) BAC General Manager Mr. Carlo Diaz, Microensure President Mr. William Martirez, TSKI Chairman of the Board Mr. Angel De Leon Jr, and OK Bank President Mr. Agerico G. Agustin during the turnover ceremony held in Iloilo City.