Welcome to CARD MBA

How CARD MBA Prepared Them for Uncertainties?

September 06, 2018,

San Pablo City, Laguna
Institutional Relationship

In Terms of Membership
Automatic Membership
to CARD MBA
 TARGET MARKET

Socially-and-economically
challenged women and families
including those Indigenous
Group (tribes).
FUNCTIONS OF MICROINSURANCE

MICROINSURANCE is another WEAPON

for poverty alleviation.

MICROINSURANCE is a SAFETY NET

for micro-entrepreneurs.

MICROFINANCE combined with

MICROINSURANCE creates SYNERGY
How to become a member of CARD MBA?
Join and be a client of any Microfinance Institution (MFI) affiliated with
1 CARD MRI like CARD,Inc. CARD Bank, CARD SME Bank, RBI and CARD BDSFI.
(Must be 18 but not more than 65 years old.)

Attend weekly center meetings.

2 Fill-up Aplikasyon sa Pagiging Kasapi (APK) Form from your Account Offic
and submit required proof / documents such as Birth Certificate, Marriage
Contract etc.
How to become a member of CARD MBA?
Pay weekly CARD MBA Contribution amounting to Php 20.00 aside from

3 weekly savings deposit. Php 15.00 for Life Insurance and Php 5.00 for
Retirement Savings Fund.

CARD MBA will encode in CMS (CARD MBA System) the

4 member’s personal data based on their submitted APK.

CARD MBA will also issue and members will be given Certificate
of Membership (CoM) as their insurance policy.
APK & Insurance Policy of CARD MBA “CoM”

President’s Signature
ANY QUESTION?
PRODUCTS &
SERVICES
• Weekly contribution Php 15.00
• Certificate of Membership
(CoM)
• Member & Legal Dependent
insurance coverage
• Benefits depends on Length of
Membership
• Covers Death & Total &
Permanent Disability (TPD)
• Legall spouse
• Biological or legally adopted child, single 14 days old
but not more than 21 years old.
• Biological or legally adopted chilld age 21years old
above , single, disabled and incapacitated to work.

• Parents age 60 years old and above.

• Biological and/or legally adopted children, single and

14 days old but not more than 21 years old.
• Or children over 21 years old, single, disabled &
incapacitated to work.
WAITING PERIOD OR
CONTESTABILITY
PERIOD

45 DAYS GRACE
PERIOD

REINSTATEMENT
POLICY
• Additional Product & Services of CARD MBA exclusive for the members only as part of
their Basic Life Insurance Program coverage

• Any member who found to be declared as TPD will receive

Lump Sum benefits based on “Table of Benefits”
• Automatic Resigned as member once claim is settled
• TPD with dismemberment & TPD without
dismemberment

• Dismemberment due to ACCIDENT or SICKNESS

• Loss of both hands

• Loss of both feet
• Loss of one hand and one foort
• Loss of sight (both eyes)
• Exclusive for member and their legal spouse only
• Confined & hospitalized due to motor vehicular accident
• MVAH Benefits of not more than Php 10,000 (entire membership)
• CARD MBA will pay actual amount of expenses incurred in
hospitalization including medicine & laboratory test.

However, the expenses incurred for the following

will not be covered even if with corresponding
receipts:

1. Medicine drug bought outside the hospital.

2. Fee for the Doctor’s Medical Certificate.
Basic Life Insurance Program (BLIP)

“Multiple Coverage”
Insurance coverage:
as PRINCIPAL member or
LEGAL DEPENDENT.
Ang pagkamatay o permanenteng pagkabaldado ay
babayaran ng benepisyo na naaayon sa bilang ng
sertipiko ng pagiging kasapi.
Basic Life Insurance Program (BLIP)

“Multiple Coverage”
EXAMPLE:
Juan and Maria Dela Cruz are legal spouse and both member of CARD
MBA . Maria died due to accident.

Maria Dela Cruz Juan Dela Cruz

Recognized as member: April 1, 2014 Recognized as member: Jan. 15, 2016
Date of death: July 31, 2017 Date of last payment: July 28, 2017
Length of membership: 3 yrs and 3 mos. Length of membership: 1 yr and 6 mos.

BENEFIT AS PRINCIPAL Member: PhP 100,000

BENEFIT AS LEGAL DEPENDENT: PhP 5,000
TOTAL BENEFIT TO RECEIVED: PhP 105,000
 BENEFITS UNDER CARD MBA’s
LIFE INSURANCE PROGRAM
LIFE INSURANCE BENEFITS (all values in Philippine Peso)
AMOUNT OF BENEFIT
LENGTH OF CAUSE OF DEATH OR TOTAL
MEMBERSHIP AND PERMANENT DISABILITY LEGAL
MEMBER
DEPENDENT
Spouse - 2,000
Due to pre-existing condition 2,000 Children – None
Parents - None
less than 1 year Due to natural cause but not pre-
existing
10,000
5,000
Due to accident 20,000

1 year or more Due to natural cause 20,000

5,000
but less than 2 years Due to accident 40,000

2 years or more Due to natural cause 30,000

10,000
but less than 3 years Due to accident 60,000
Due to natural cause 50,000
3 years or more 10,000
Due to accident 100,000
 Loan Redemption Fund (LRF)
• Also known as LRF PLUS formerly Credit Life Insurance Program (CLIP)
• Amount of benefit = Principal amount of loan
• Automatic Loan Offsetting upon Total & Permanent Disability [AUTO-LOAD]
• Premium (computed LRF) is deducted upon release of the loan.

Topic 1: Premium Rate

LRF PLUS
TERM OF LOAN AMOUNT OF PREMIUM
(as a % of Approved Loan Amount)
One Year 1.5%
Six (6) Months 0.75%
Three (3) Months 0.38%

2
 LRF PLUS FEATURES
A Credit Life Insurance Program

Effective October 1, 2017, LRF Plus

coverage is extended up to age
75
KEY FEATURES OF LRF PLUS:
AGE ELIGIBILITY: At least 18 years old
EXIT AGE: Upon attainment of 75 years old

PREMIUM: PHP 15 per PHP 1,000 Loan Amount

(One-time payment at start of term)

COVERED
AMOUNT OF LOAN: Up to PHP 450,000.00
 LRF PLUS FEATURES
A Credit Life Insurance Program

ELLIGIBLE
PARTICULAR BENEFIT AGES
DEATH ; 100%
TOTAL AND PERMANENT Of Principal Loan 18-75 Years Old
DISABILITY (TPD) Amount
MOTOR VEHICULAR ACCIDENT
10%
of Principal Loan 18-70 Years Old
HOSPITALIZATION (MVAH)
Amount
All members recognized before May 1, 2006
may still avail of loans and be covered by LRF
Plus even they are above 75 years old.
 RETIREMENT FUND (RF)
• Mandatory Exit Age at 70
• Optional Retirement at ages 65, 66, 67, 68 & 69
• Php 5.00 for Retirement Fund

Mandatory retirement age:

(5 yrs. above)
• will receive 100% of total contributions
made to RF, plus interest.
Resigned, died or became disabled
(TPD)
• the member will receive 100% of all
contributions made to RF, plus interest.

3
BLIP Extension Plan (BLIP-Ex)
• BLIP-Ex is a Single Pay Whole Life Insurance
Program for members who retires from BLIP.

• BASIC PLAN for existing members who wants to

continue her insurance after 70 years old.

• ONE-TIME CONTRIBUTION amounting to Php

1,000
Php 1,000
that covers member from age 70 to 100
years old.

4
BLIP Extension Plan (BLIP-Ex)

ELIGIBILITY REQUIREMENTS:
 Existing Member from BLIP who retires at age 70 years old.
 At least one (1) year continuous active membership before the
application in BLIP Extension Plan;
 With proper application form in BLIP Extension Plan.

BENEFITS:
Php 1000 plus Php 500 refund
GOLDEN LIFE INSURANCE
PROGRAM (GLIP)
 OPTIONAL program for
RETIRED members

 Required age is 70 years old

 Payment Period: 10 years

 Insurance Coverage:
up to 100 years old

5
 GOLDEN LIFE INSURANCE
PROGRAM (GLIP)
Weekly
Options Amount of Benefits
Premium
OPTION 1 Php 50.00 Php 25,000.00
OPTION 2 Php 100.00 Php 50,000.00

ELIGIBILITY
 Must be a member of BLIPEx
 Retirement Fund

Refund of Contribution
YEARS
CASH SURRENDER
VALUE
(CSV)

REDUCED PAID-UP
(RPU)
Non-Financial Services

1. CARD MRI Disaster Relief

Assistance Program (CDRAP)

2. Mass Wedding

3. Build Operate and Transfer

Program (BOAT)

5
CARD MRI Disaster Relief Assistance Program

Members who are severely affected by natural

CDRAP calamities like typhoon, earthquake, flood, fire
etc. shall receive FAMILY PACK (worth
Php260) from CARD MRI. (Php 200 relief
goods and Php60 worth of medicines).
 MASS WEDDING

• At least 7 months active member

• CARD MBA: shoulders documentary requirements
ELIGIBILITY: relative to the mass wedding ceremony, venue & person
who will solemnized the event.
• Member: shoulder/ own expense for CENOMAR & Birth
Certificates.
Build-Operate-And-Transfer (BOAT) Program

FEATURES:

• 3 Years engagement.
• During the 3-year period, there will be
technical assistance and transfer of
technology in the management of a mutual
benefit association.
 HOUR
8-24 CLAIMS
SETTLEMENT
STRATEGY
8 HOURS
16 HOURS
24 HOURS
 Process of Claim Settlement
STEP 1 STEP 2 STEP 3 STEP 4
(Operation Staff) (MBA Coordinator) (Unit Manager) (MBA Staff)

1. The member or the 1. Validate using MBA 1. Secure received 1. Review and examine
beneficiary will notify Claims form #07 Claims Form and received Claims Form
the Unit or the MBA submitted & requirements
Coordinator 2. Get and complete the requirements
necessary 2. Signs the Approval
2. Check Records – requirements/ 2. Checks completeness Portion of the Claims
MBA Contribution Documents of the required Form- if approve
documents
3. Ask MBA Coordinator 3. Report to UM 3. Request the Unit to
to validate the claim. regarding the 3. Forwards all received pay the amount of
validation. documents to CARD benefits due for the
4. If it is a DENIED MBA Provincial Office member/ beneficiary
CLAIM- explains 4. Provide
thoroughly the reason recommendations Below Php10,000 – may
of being denied whether or not to pay be brought to the
the claim. beneficiary’s house.

Above Php 10,000 –

should be disbursed only
in the Unit Office
ANY
QUESTION?
But wait, there’s more…
 REFUND
for Basic Life Insurance
Contribution
 REFUND OF CONTRIBUTION
 Also Known as Member’s Equity Value

 In the event that the member become:

1. Dead
2. Total and Permanent Diabled.
3. Resignation or Termination in the Center.

 The member is qualified to receives 50% of TOTAL

CONTRIBUTION he/she pay for Basic Life Insurance
Program with INTEREST depending on the length of
membership in thr Association.
 MICROINSURANCE OPERATION
Establishes Provincial Offices for easy access to the members in
claims settlement and dissemination of information VISAYAS 1 CLUSTER
EASTERN SAMAR
LUZON 2 CLUSTER LEYTE 1
LUZON 1 CLUSTER BATAAN LEYTE 2
BENGUET METRO MANILA 1 SAMAR
CAGAYAN METRO MANILA 2 VISAYAS 2 CLUSTER
ILOCOS SUR CAVITE 2 BOHOL
ILOCOS NORTE PALAWAN CEBU 1
PANGASINAN PAMPANGA CEBU 2
TARLAC RIZAL MASBATE
NUEVA VIZCAYA LUZON 3 CLUSTER VISAYAS 3 CLUSTER
NUEVA ECIJA BATANGAS 1 CAPIZ
BATANGAS 2 ILOILO
CAVITE 1 NEGROS OCCIDENTAL
OCCIDENTAL MINDORO NEGROS ORIENTAL
ORIENTAL MINDORO ANTIQUE
LUZON 4 CLUSTER MINDANAO 1 CLUSTER
QUEZON 2 DAVAO 1
LAGUNA 1 DAVAO 2
LAGUNA 2 DAVAO DEL NORTE
LAGUNA 3 DAVAO ORIENTAL
MARINDUQUE NORTH COTABATO
LUZON 5 CLUSTER SOUTH COTABATO
ALBAY MINDANAO 2 CLUSTER
CAMARINES NORTE AGUSAN DEL NORTE
CAMARINES SUR AGUSAN DEL SUR
QUEZON 1 MISAMIS ORIENTAL
ZAMBOANGA DEL NORTE
ZAMBOANGA SIBUGAY
LANAO DEL NORTE
 Provincial Manager (PM)

ADMIN FIELD STAFFS

Claims Bookkeeper Insurance

PRO (CPMI)
Processor (CP) (BK) Processor (CP)

MBA MBA MBA

Coordinator 1 Coordinator 2 Coordinator 3

One MBA Coordinator is appointed for every

unit with membership of not less than 300.
 1 PO serve an average of:

35 Units 1,400 Centers 49,000 Members

FUNCTIONs OF STAFF
 Provincial Manager
Directs and supervises the
implementation of approved plans,
programs, projects and policies in the
area of operation for and in behalf of
the Association.
 He/She Provides the management
with timely and accurate financial
information together with the result
of the P.O Monthly Financial
Operation.
 Responsible for undertaking
marketing and underwriting activities
of the P.O pertaining to the various
product lines of the Association;
supervise the underwriting activities
Process claims filed by MBA Coordinator
and/or by the assured claimants;
determine the amount of indemnity, and
initiate the settlement of such claim in
coordination with the MBA Coordinators
and Unit Managers; maintains updated
claims .
In charge in all CaMIA transaction in
Provincial Office.
Encoding and Marketing of CaMIA
Products
Monitors MI-Agents on their sales
•Are volunteer CARD members who help the
Association to expedite claims settlement.
•Duties
Validates claim for indemnity.
Assist member-claimant in securing
supporting documents.
Visit 6 center per month
 CARD MBA as MICROINSURANCE MODEL
1. Promotes member’s sense of
ownership and involvement.

2. Delivers the Microinsurance program

thru the Microfinance Network.

3. Sharing the technology to other MFIs and

cooperatives thru BOAT (Build-Operate and
Transfer) Program.

4. Pioneered the 1-3-5 Day Target in claims settlement, a

distinctive advantage of CARD MBA that ensures efficient
claim validation and settlement.

5. Trailblazer in making new track as CARD MBA have stepped up

from “1-3-5” day method to “8-24 hour” settlement strategy–
within eight (8) hours to 24 hours the Association must be able
to pay its clients’ insurance claims.
 Thank you very much for listening!

20 M. L. Quezon St., City Subdivision, San Pablo City, Laguna

TEL: (+6349) 562 4309
FAX: (+6349) 562 0009
EMAIL: info@cardbankph.com

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