The insurance penetration rate in the Philippines is still less than 1%.
Uninsured and underinsured Filipinos do not have enough insurance to cover the amount of loss in an emergency.
In the event of an accident,
national calamity like typhoon or earthquake, illness, death, or other emergency, these Filipinos are burdened with all the ensuing costs. The financial strain is often more stressful than the initial problem.
All Filipinos, of course, want to be protected in the event of an emergency. But we avoid insurance as we view it as a liability rather than as an asset. We assume insurance providers do not have our best interests in mind when they present us with coverage options.
KitaMo helps Filipinos cut through the myths surrounding insurance
so you can avail of the coverage that best protects you and your loved ones.