Project Basics
Pioneer Life Inc. is a leading life insurance company in the Philippines and 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 and services through distribution channels suited to their unique requirements.
This project combines financial and risk management education with a product that bundles savings with life and accident microinsurance. The programme and products are offered through savers and wellness clubs set up in schools and churches. The project aims to be unintimidating by providing built-in savings in “bite-sized” amounts, alongside insurance cover. This is combined with education on savings and insurance to create awareness of their benefits and promote a culture of informed risk management. Savings can be topped up through technology such as mobile money and ATMs.
The clubs are initiated by the church in every diocese of target provinces. A network of school coordinators and parish leaders form a community of financial wellness facilitators who support the implementation of the programme. Facilitators also help impart the key messages of the financial and risk management education modules and increase club membership.
Delivery Channel Set Up
Learn more about the Overseas Filipino Workers’ (OFW) Savers and Wellness Club product
Date of last Learning Journey update: December 2012
