The project combines financial and risk management education with a product that bundles savings with life and accident microinsurance. The program and products will be offered through Wellness Clubs set up in schools and churches. The built-in savings, through small “bite sized” amounts, and insurance cover, combined with education on savings and insurance, is a non-intimidating approach to create a culture of informed risk management and awareness of the benefits of savings and insurance.
The clubs will be initiated by the church in every diocese of target provinces; a network of school coordinators and parish leaders will form the community of financial wellness facilitators that will support the implementation of the program. Facilitators will also help impart the key learning of the modules and increase club membership on a wider scale and at a faster rate.
Click here to view the Product Description of Pioneer Life.
The project targets families of migrant workers – children and adult dependents – who are part of a migrants´ association at churches and schools in selected provinces within Luzon and Metro Manila. Through financial literacy sessions, the project shall educate 250,000 migrant families, with an average monthly income of $350 and provide access to microinsurance and savings products.
Pioneer Life Inc. is a leading life insurance company in the Philippines. A member of the Pioneer Group, which has been in operation for more than fifty years, Pioneer Life´s core business is to provide its clients with suitable financial options to secure what matters most to them. Pioneer makes itself relevant to its customers by identifying their particular needs and providing products/services and distribution channels suited to their unique requirements.
For comments, email us at firstname.lastname@example.org.