APPEND : Microinsurance


Micro Insurance


These are life, accident, property insurance coverage to the members (micro-entrepreneurs) and their family members. Micro-insurance gives protection and relief to the members and their families against distress, calamities and death, something they are unable to do so before because of their financial limitations. In the event of the micro-entrepreneur's demise, the family receives financial assistance. APPEND provides insurance through (1) Pinoy Ako Insurance Services – an insurance agency owned by APPEND and 8 partners. Fifty percent of the net income of Pinoy Ako Insurance Services goes to fund the education of clients’ children; (2) Mutuality Model – Mutual Benefit Associations (MBAs) are insurance schemes run on a "not-for-profit" basis, which exist for the purpose of helping their members. MBAs are regulated by the Insurance Commission and are required to engage the services of an actuary for the purpose of their insurance functions.


"He who is kind to the poor lends to the LORD, and HE will reward him for what he has done."

Proverbs 19:17