What is Microinsurance?

Microinsurance is an activity providing specific insurance, insurance-like and other similar products and services that meet the needs of the low-income sector for risk protection and relief against distress, misfortune, and other contingent events.

Microinsurance includes all forms of insurance, insurance-like, and other similar activities with the following features:

(1) Premiums, contributions, fees or charges are collected or deducted prior to the occurrence of a contingent event; and
(2) Guaranteed benefits are provided upon occurrence of a contingent event.

(Section 1, Insurance Memorandum Circular No. 001-2010)

Why choose ALBURO LAW?

Alburo Alburo & Associates Law Offices:

• Have labor law and business law as our main fields of practice. For almost a decade now, we have been helping businesses improve their productivity and profitability by helping them comply with relevant laws, rules, and regulations.

• Observe high standards of excellence.

• Always consider innovative approaches to effectively address the legal concerns of our clients, covering a wide range of industries such as food, manufacturing, chemicals, real estate, retail and wholesale trade, and services in fields such as information technology, human resources, security, training, process outsourcing and other manpower services, among many others.

Contact us: 09778050020 | 09778050015 | (02) 7745-4391

Email us: [email protected] | [email protected]

JUNE 2024 TRAINING PROGRAM

8th Labor Law Certification Training: A Comprehensive Guide

Data Privacy and Protection Certification Seminar

Having your Own Business Identity: Trademark Registration and Other Intellectual Properties

Must-Have Knowledge about DOLE Compliance Inspections and Latest DOLE Issuances