Microinsurance, the latest product of AFPGEN, is easy to afford, easy to pay type of insurance. Its objective is to alleviate the affliction caused by devastating events like burning down of property due to accidental fire and death of the head of the family or loss of the main source of income of the family. Two microinsurance products of AFPGEN were approved by the Insurance Commission last September 2012. These are ASSISTANCE & FAMILY PROTECTION and BARANGAY FAMILY PROTECTION. The former is basically designed for the uniformed services and the latter for the barangay constituents.


This insurance has essentially there benefits: property coverage, personal accident, and cash assistance. As property coverage, the company will pay the insured the amount of Php20,000.00 in case of a total loss of the insured’s dwelling and its contents due to accidental fire.

The company will also pay the beneficiary of the insured in the amount of Php 30,000.00 if the insured dies due to an accident or within the period of one hundred eighty(180) days from the date of accident, such injury sustained in said accident resulted in insured’s death, independently of any other cause. Included in the personal accident coverage is the dismemberment/loss of sight (subject to the schedule of indemnities).

The cash assistance includes loan amortization (maximum of Php 3,000/mo. for 3 amortizations or months), hospital (Php 500.00/day, max. of 30 days) and burial cash assistance of Php 3,000.00.


This product has also three main coverages: property, personal accident and cash assistance. In case of a total damage of insured’s property due to accidental fire, the company will pay the insured an amount of Php 10,000.00.

In case of accidental death of the insured, the company will pay Php 20,000.00 to his/her beneficiary. A Php 3,000.00 educational cash assistance will also be provided to children of the insured who are enrolled students. Another Php 2,000.00 will be given as burial cash assistance.

In case of hospital confinement of the insured, a cash assistance of Php 300.00 per day for a maximum of 30 days will be given.

To get a quote on this product, kindly click HERE

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