Learn about the organizations that are spearheading initiatives that integrate financial management to uplift communities. These efforts collectively foster financial empowerment, encouraging individuals to manage their finances responsibly and build a more secure future.
Financial Management Initiatives for Filipinos
1. Financial Literacy and Inclusivity Highlighted at FWD’s Community Care Month
FWD Life Insurance (FWD Philippines) celebrated its 10th anniversary by launching “Community Care Month” in August, observed across its 10 markets in Asia. The event, called “Dream Big, Play Hard,” featured fitness activities and games to promote financial literacy, including saving and budgeting concepts. It involved FWD’s community care partners: Junior Achievement of the Philippines (JA), Humanity & Inclusion (H&I), and Special Olympics Pilipinas (SOP).
The initiative emphasizes inclusivity, allowing people with disabilities to participate and showcase their skills.
FWD Philippines’ Community Care vision centers on financial inclusion, aiming to build a better future by educating the next generation. This initiative empowers people through financial literacy, contributing to nation-building by fostering resilient and inclusive communities. FWD Philippines, which began operations in 2014. It is known for its top customer experience and ranks highly in new business and premium income. Part of the pan-Asian FWD Group, the company strives to transform how people perceive insurance with a customer-focused, digital approach, offering easy-to-understand and innovative products.
2. Policymate Launches Comprehensive Pet Insurance
Meanwhile, Policymate, an e-commerce insurance platform by Advanced Abilities, has launched comprehensive pet insurance to support pet owners in providing the best care for their pets. The insurance covers medical expenses for common and accidental diseases. As well as financial assistance for burial, missing pets, and accidental death or injury.
The first offering, MePets by Liberty Insurance, allows for medical reimbursements and access to a network of veterinarians. It also covers medical emergencies for pet owners, including treatment for injuries caused by pets. It can also be upgraded to include third-party liability for damages or medical costs involving others.
Policymate aims to promote responsible pet ownership by offering diverse insurance options and raising awareness about the importance of pet health and protection. Policymate also offers other types of insurance such as travel, accident, property, and automobile insurance.
3. Personal Collection Hosts Manila-Vietnam Dealers’ Summit and Announce Partnership With TESDA
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Personal Collection (PC), a Filipino-owned direct-selling company, recently held its Manila-Vietnam Dealers’ Summit at Conrad Hotel, hosting over 500 participants. The event reinforced the company’s vision of providing a “Great Life to Every Family,” with a focus on its dealers. It featured product demonstrations, a performance supporting the #GreenLifeGreatLife movement, and an awards night for top dealers. Following the summit, 200 high-achieving dealers were rewarded with a trip to Vietnam for networking and exploration.
Also, Personal Collection (PC) announced partnership with the Technical Education and Skills Development Authority (TESDA), becoming the first direct-selling company to collaborate with TESDA. This partnership aims to enhance professionalism in the dealership industry by offering TESDA-facilitated courses. The initiative seeks to empower PC dealers with advanced skills and create new opportunities for Filipinos to explore direct selling as a sustainable income option.
4. SB Finance Partners with Salve Duplito to Launch Financial Literacy Initiative
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SB Finance, a Security Bank affiliate, has teamed up with financial advocate Salve Duplito and her organization, Empower and Transform (EAT), to enhance financial literacy through a new partnership. This collaboration, formalized by a Memorandum of Agreement, focuses on providing financial education to SB Finance employees and customers. The centerpiece of this initiative is the ‘Utang Manual’. It is a comprehensive guide authored by Duplito, which aims to support continuous learning and application of financial management principles.
Generally, the ‘Utang Manual’ will serve as a practical resource. It offer tips and strategies for improving financial health and managing debt effectively. Alongside the manual, a series of financial literacy workshops led by Duplito will begin in September 2024. Overall, these workshops are designed to equip participants with essential financial skills, fostering a culture of financial responsibility and empowerment within the SB Finance community.