Membership
CARE MBA provides microinsurance to a diverse membership base encompassing cooperative partners, formal organizations, DSWD members, church groups, and other institutions.
Simple requirements in Membership Application (Ages 18-65years old):
- Membership Application form (Application form#1 to be filled up by member)
- Birth certificate of the member
- Marriage Certificate (if married)
- Birth Certificate of children
- Marriage contract of parents below 65 years old (if single)
| Financial Highlights as of December 31, 2024 | |
|---|---|
| Assets | ₱ 189,223,116.22 |
| Liabilities | ₱ 101,477,708.19 |
| Fund Balance | ₱ 87,745,408.03 |
| Membership Updates as of December 31, 2024 | |
|---|---|
| Total Active Members | 28,128 |
| Dependent | 42,191 |
| Total Insured Lives | 70,318 |
| Claims Summary as of December 31, 2024 | |
|---|---|
| BLIP | ₱ 34,917,595.64 |
| CLIP | ₱ 31,935,164.83 |
| GLIP | ₱ 414,750.00 |
| TOTAL CLAIMS | ₱ 67,267,510.47 |
| Other Members Benefit as of December 31, 2024 | ||
|---|---|---|
| Mutual Aid | Insured Lives | Claims Benefit |
| FREE Insurance Benefit | 9,756 | ₱ 940,000.00 |
| Other Members Benefit as of December 31, 2024 | ||
|---|---|---|
| Mutual Aid | Classification | Claims Benefit |
| Calamity Assistance | Members | ₱ 310,000.00 |
| Non-Members | ₱ 30,000.00 | |
| Fire Assistance | Members | ₱ 13,000.00 |
| Non-Members | ₱ 10,000.00 | |
| CARE Scholars | 18 Members dependent | ₱ 732,000.00 |
| Number of graduated scholars: 12 students | ||
