July 19, 2018, 8:39 pm
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1 Philippine Peso = 0.0687 UAE Dirham
1 Philippine Peso = 2.01833 Albanian Lek
1 Philippine Peso = 0.03442 Neth Antilles Guilder
1 Philippine Peso = 0.51646 Argentine Peso
1 Philippine Peso = 0.02528 Australian Dollar
1 Philippine Peso = 0.0333 Aruba Florin
1 Philippine Peso = 0.03741 Barbados Dollar
1 Philippine Peso = 1.57108 Bangladesh Taka
1 Philippine Peso = 0.03151 Bulgarian Lev
1 Philippine Peso = 0.00707 Bahraini Dinar
1 Philippine Peso = 32.75309 Burundi Franc
1 Philippine Peso = 0.01871 Bermuda Dollar
1 Philippine Peso = 0.02527 Brunei Dollar
1 Philippine Peso = 0.12832 Bolivian Boliviano
1 Philippine Peso = 0.07203 Brazilian Real
1 Philippine Peso = 0.01871 Bahamian Dollar
1 Philippine Peso = 1.27899 Bhutan Ngultrum
1 Philippine Peso = 0.19255 Botswana Pula
1 Philippine Peso = 374.4856 Belarus Ruble
1 Philippine Peso = 0.03737 Belize Dollar
1 Philippine Peso = 0.02464 Canadian Dollar
1 Philippine Peso = 0.01868 Swiss Franc
1 Philippine Peso = 12.20576 Chilean Peso
1 Philippine Peso = 0.12563 Chinese Yuan
1 Philippine Peso = 53.5578 Colombian Peso
1 Philippine Peso = 10.55649 Costa Rica Colon
1 Philippine Peso = 0.01871 Cuban Peso
1 Philippine Peso = 1.77142 Cape Verde Escudo
1 Philippine Peso = 0.41506 Czech Koruna
1 Philippine Peso = 3.32024 Djibouti Franc
1 Philippine Peso = 0.11972 Danish Krone
1 Philippine Peso = 0.93303 Dominican Peso
1 Philippine Peso = 2.19981 Algerian Dinar
1 Philippine Peso = 0.25129 Estonian Kroon
1 Philippine Peso = 0.33389 Egyptian Pound
1 Philippine Peso = 0.51106 Ethiopian Birr
1 Philippine Peso = 0.01606 Euro
1 Philippine Peso = 0.03917 Fiji Dollar
1 Philippine Peso = 0.01429 Falkland Islands Pound
1 Philippine Peso = 0.01431 British Pound
1 Philippine Peso = 0.08962 Ghanaian Cedi
1 Philippine Peso = 0.88982 Gambian Dalasi
1 Philippine Peso = 168.66816 Guinea Franc
1 Philippine Peso = 0.14005 Guatemala Quetzal
1 Philippine Peso = 3.88103 Guyana Dollar
1 Philippine Peso = 0.1468 Hong Kong Dollar
1 Philippine Peso = 0.44747 Honduras Lempira
1 Philippine Peso = 0.1187 Croatian Kuna
1 Philippine Peso = 1.26057 Haiti Gourde
1 Philippine Peso = 5.20183 Hungarian Forint
1 Philippine Peso = 269.36027 Indonesian Rupiah
1 Philippine Peso = 0.06796 Israeli Shekel
1 Philippine Peso = 1.28159 Indian Rupee
1 Philippine Peso = 22.25963 Iraqi Dinar
1 Philippine Peso = 813.69248 Iran Rial
1 Philippine Peso = 1.99588 Iceland Krona
1 Philippine Peso = 2.43547 Jamaican Dollar
1 Philippine Peso = 0.01325 Jordanian Dinar
1 Philippine Peso = 2.11107 Japanese Yen
1 Philippine Peso = 1.8771 Kenyan Shilling
1 Philippine Peso = 1.27484 Kyrgyzstan Som
1 Philippine Peso = 75.70146 Cambodia Riel
1 Philippine Peso = 7.90311 Comoros Franc
1 Philippine Peso = 16.83502 North Korean Won
1 Philippine Peso = 21.15413 Korean Won
1 Philippine Peso = 0.00566 Kuwaiti Dinar
1 Philippine Peso = 0.01534 Cayman Islands Dollar
1 Philippine Peso = 6.4508 Kazakhstan Tenge
1 Philippine Peso = 157.22035 Lao Kip
1 Philippine Peso = 28.15189 Lebanese Pound
1 Philippine Peso = 2.98915 Sri Lanka Rupee
1 Philippine Peso = 3.00412 Liberian Dollar
1 Philippine Peso = 0.24822 Lesotho Loti
1 Philippine Peso = 0.05703 Lithuanian Lita
1 Philippine Peso = 0.01161 Latvian Lat
1 Philippine Peso = 0.02573 Libyan Dinar
1 Philippine Peso = 0.17723 Moroccan Dirham
1 Philippine Peso = 0.31076 Moldovan Leu
1 Philippine Peso = 0.98373 Macedonian Denar
1 Philippine Peso = 26.78638 Myanmar Kyat
1 Philippine Peso = 45.80995 Mongolian Tugrik
1 Philippine Peso = 0.15122 Macau Pataca
1 Philippine Peso = 6.64048 Mauritania Ougulya
1 Philippine Peso = 0.64347 Mauritius Rupee
1 Philippine Peso = 0.29125 Maldives Rufiyaa
1 Philippine Peso = 13.40105 Malawi Kwacha
1 Philippine Peso = 0.35353 Mexican Peso
1 Philippine Peso = 0.07589 Malaysian Ringgit
1 Philippine Peso = 0.24819 Namibian Dollar
1 Philippine Peso = 6.7153 Nigerian Naira
1 Philippine Peso = 0.58586 Nicaragua Cordoba
1 Philippine Peso = 0.15284 Norwegian Krone
1 Philippine Peso = 2.04293 Nepalese Rupee
1 Philippine Peso = 0.02753 New Zealand Dollar
1 Philippine Peso = 0.00719 Omani Rial
1 Philippine Peso = 0.01871 Panama Balboa
1 Philippine Peso = 0.06114 Peruvian Nuevo Sol
1 Philippine Peso = 0.06073 Papua New Guinea Kina
1 Philippine Peso = 1 Philippine Peso
1 Philippine Peso = 2.39618 Pakistani Rupee
1 Philippine Peso = 0.0692 Polish Zloty
1 Philippine Peso = 106.97905 Paraguayan Guarani
1 Philippine Peso = 0.06809 Qatar Rial
1 Philippine Peso = 0.07472 Romanian New Leu
1 Philippine Peso = 1.18 Russian Rouble
1 Philippine Peso = 15.95267 Rwanda Franc
1 Philippine Peso = 0.07015 Saudi Arabian Riyal
1 Philippine Peso = 0.14747 Solomon Islands Dollar
1 Philippine Peso = 0.25122 Seychelles Rupee
1 Philippine Peso = 0.33483 Sudanese Pound
1 Philippine Peso = 0.16573 Swedish Krona
1 Philippine Peso = 0.02554 Singapore Dollar
1 Philippine Peso = 0.0143 St Helena Pound
1 Philippine Peso = 0.41538 Slovak Koruna
1 Philippine Peso = 153.38571 Sierra Leone Leone
1 Philippine Peso = 10.68088 Somali Shilling
1 Philippine Peso = 393.68313 Sao Tome Dobra
1 Philippine Peso = 0.16367 El Salvador Colon
1 Philippine Peso = 9.633 Syrian Pound
1 Philippine Peso = 0.24845 Swaziland Lilageni
1 Philippine Peso = 0.62252 Thai Baht
1 Philippine Peso = 0.04952 Tunisian Dinar
1 Philippine Peso = 0.04351 Tongan paʻanga
1 Philippine Peso = 0.08966 Turkish Lira
1 Philippine Peso = 0.12587 Trinidad Tobago Dollar
1 Philippine Peso = 0.57159 Taiwan Dollar
1 Philippine Peso = 42.49906 Tanzanian Shilling
1 Philippine Peso = 0.49158 Ukraine Hryvnia
1 Philippine Peso = 69.56977 Ugandan Shilling
1 Philippine Peso = 0.01871 United States Dollar
1 Philippine Peso = 0.58277 Uruguayan New Peso
1 Philippine Peso = 145.09914 Uzbekistan Sum
1 Philippine Peso = 2239.05724 Venezuelan Bolivar
1 Philippine Peso = 431.12608 Vietnam Dong
1 Philippine Peso = 2.04265 Vanuatu Vatu
1 Philippine Peso = 0.04883 Samoa Tala
1 Philippine Peso = 10.52881 CFA Franc (BEAC)
1 Philippine Peso = 0.05051 East Caribbean Dollar
1 Philippine Peso = 10.52881 CFA Franc (BCEAO)
1 Philippine Peso = 1.90591 Pacific Franc
1 Philippine Peso = 4.67265 Yemen Riyal
1 Philippine Peso = 0.24818 South African Rand
1 Philippine Peso = 97.07258 Zambian Kwacha
1 Philippine Peso = 6.76955 Zimbabwe dollar

PROVIDES 1M MICROINSURANCE POLICIES: FINTQ kick-starts financial inclusion initiative

TOKYO – FINTQ, through its grassroots-based financial inclusion program KasamaKA, yesterday said it is on-track of achieving over 3 million member-enrollees this year as it agreed to provide 1 million free microinsurance policies to unbanked and underserved Filipinos across the 42,000 barangays nationwide.

The distribution of the 1 million free microinsurance policies is an initiative under the KasamaKA Ka-Barangay sa Kaunlaran, a capacity-building initiative in collaboration with Liga ng mga Barangay sa Pilipinas. 

It was announced during the Liga ng mga Barangay sa Pilipinas National Assembly last week. 

Lito Villanueva, FINTQ Managing Director, and Founder and Lead Convenor of KasamaKA, said this initiative will accelerate the realization of FINTQ’s goal to bring 30 million Filipinos to the formal financial system encompassing payments, investments, savings, insurance and lending, all via mobile phone.

“The 1 million free microinsurance is just to kick-start the awareness campaign on the importance of having peace of mind. With the current take-up, it looks like we can achieve over 3 million KasamaKA member-enrollees,” Villanueva said at the sidelines of the Philipines-Japan investments and Cryptocurrency Forum being held here in Tokyo.

“We all need security and protection from any uncertainties. With this affordable and accessible microinsurance policies under the KasamaKA Microinsurance Program, this will kickstart the massive nationwide financial literacy campaign to educate millions of unbanked and underserved Filipinos on the importance of being financially secured and insured,” Villanueva said.

Villanueva who is also the chairman of the FinTechAlliance.ph noted that with a microinsurance policy, Filipinos will have an additional source of financial assistance to help them cope and recover faster in times of natural disasters or unfortunate events in their lives.

“Given that it’s is limited, we hope that each barangay would be able to enjoy it. If you are to allocate for each barangay at 1 million policies, there would only be 24 constituents per barangay would be covered.  Also, it is on a first-come-first-served basis,” Villanueva said.

The distribution of free microinsurance policies has started and will continue up to March 13 only. 

“Only one person will be allowed by the system to get a microinsurance. Coverable or allowable age for the insurance coverage would be from 18 to 64 years old. No medical screening required.  No pre-approved listings from any barangay. It’s inclusive, and therefore everyone should be eligible within the age requirement. Even the claims processing has been simplified just by calling a specific mobile number,” Villanueva said.

This microinsurance also covers kasambahay, security guards, maintenance workers, OFWs and practically all sectors.

Once approved, the insurance coverage period will be for three months. 

“After the three-month insurance coverage has expired, the KasamaKA member-enrollee has the option to either renew or not. If he/she wants to renew for another quarter, he/she pays P25. It can be paid using airtime load, at any Bayad Center, PayMaya as a bills payment or at any sari sari store.” Villanueva said.

Beneficiaries of policyholders are entitled to the following claims: Accidental death and disablement, P20,000; Total and permanent disability due to accident, P2,500; Burial assistance due to accident, P5,000; Daily accident hospital benefit,P200 per day for a maximum of 10 days hospitalization due to accident; and Fire cash assistance, P5,000.

To avail of the free microinsurance, an individual has to register as a KasamaKA member by simply texting KKK to 29292 or signing up at KasamaKA’s website:  www.kasamaka.com.

For SMS registration, type in REG <Space><First Name>/<Last Name>/<Date of Birth, MMDDYYYY>/<Address> and send to 29292. 

For website registration, provide your Full Name; Date of Birth; Nationality; Present Address; Source of Income and Mobile Number.

“Once you are registered, you will receive your KasamaKA Builder ID Code, which will also serve as your insurance policy number. Your beneficiaries need to provide your Builder ID Code to claim the benefits under your policy,” Villanueva explained, adding he or she will also receive a text message from partner insurance companies and brokers.

Among the partners include Pioneer Insurance,  Malayan Insurance, Sun Life Financial, Country Bankers Insurance, Gotuaco del Rosario Insurance Brokers and a lot more. 

To make an insurance claim, beneficiaries need to call 0999-9932161 and provide the policyholder’s KasamaKA Builder ID code number. 

The KasamaKA Builder ID Code of policyholders also serves as their referral ID for KasamaKA Loans via Lendr which will allow them to earn P300 for every successful loan release. And soon, this includes the KasamaKA Microsavings and KasamaKA Microinvestments. 

KasamaKA is a grassroots-based, self-help, and digital-enabled social intervention and last mile solution to promote financial literacy and inclusive growth. It is a cost-efficient, convenient, secured, and transparent shared services platform to expand the reach of banks, financial services and insurance sector to the unbanked and underserved Filipinos providing microsavings, microinsurance, microinvestments, and lending products. 

FINTQ is the leader in customer-centric, demand driven, evidence-based, and mobile-first digital financial innovations by way of engaging regulators, enabling enterprises, and empowering individuals. FINTQ is committed to accelerating universal
digital access to finance at scale via pioneering financial technologies in growth and emerging markets. It is the financial technology arm of Voyager Innovations under the PLDT Group.  –Jimmy C. Calapati
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