Microinsurance, often referred to as sachet or bite-sized insurance, is designed to protect Filipinos, especially those in vulnerable and marginalized sectors, from falling below the poverty line. Recent studies show that it is among the most widely embraced forms of insurance in the country. Regulated by the Insurance Commission under Republic Act No. 10607, microinsurance requires premiums to remain within 7.5% of Metro Manila’s daily minimum wage, ensuring affordability and accessibility for nearly 80% of the Filipino population.
As CLIMBS marks the National Microinsurance Month 2026, this year stands as a milestone in its journey—reaching new heights through innovative products and services tailored to the evolving needs of every cooperative member. Among its standout offerings is Weather Protect Insurance, a pioneering solution that is gaining global recognition by bringing pre-need and micro-agricultural insurance into the mainstream amid the rapidly changing landscape of business and finance.
As a climate insurance provider, we are leaning into the rapid trends of fast payouts and efficient feedback—making insurance just one click away while actively promoting financial literacy among the youth to help them navigate risks, protect their futures, and respond confidently to climate impacts.
Through our CoopAssurance Centers (CACs) and strong grassroots partnerships, CLIMBS brings accessible life and non-life insurance solutions directly to communities across the country. By working closely with cooperatives and local stakeholders, we ensure that protection is affordable, understandable, and responsive to the real needs of our member-owners. Beyond providing financial security, these initiatives help safeguard livelihoods, protect families from unexpected risks, and reinforce the cooperative values of mutual help, shared responsibility, and solidarity—empowering communities to become more resilient and self-reliant.
