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Products and Services

KMBA currently offers three main products: Basic Life Insurance Plan (BLIP), Credit Life Insurance Plan (CLIP), and Hospital Income Insurance Plan (HIIP). In partnership with Malayan Insurance, KMBA also offers personal accident insurance with fire assistance, named K-Kalinga. As further service to its members, KMBA provides K-Bente, through a partnership with First Life Financial Company, Inc., and K-Dakila, under Rimansi Mutual Solutions Insurance Agency, Inc.

Moreover, it makes available a scholarship support to members’ children in high school and college under the Kuya Jun Scholarship Program. In times of flooding, a residential housing assistance is given to members.

BLIP

Basic Life Insurance Plan (BLIP) is provided to all KCoop members and staff members of KCoop, KDCI, and KMBA. Moreover, client-beneficiaries of KMBA partner microfinance institutions, members of cooperatives, informal workers, development workers, and other organized basic sectors may avail themselves of KMBA associate membership.

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CLIP

Credit Life Insurance Plan offers to a KMBA partner-organization an insurance coverage in which the latter could insure its individual borrowers or debtors for an amount equal to the loan granted, in each particular case up to a maximum of PHP200,000

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HIIP

Hospital Income Insurance Plan (HIIP) is an insurance coverage for periods when an insured is unable to work owing to hospital confinement. For PHP250 a year, it provides PHP200 a day during hospitalization, to a maximum total of 30 days a year.

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K-Kalinga

K-Kalinga was designed by KMBA and the Bankers Assurance Corporation so that personal accident insurance with fire protection can be offered as optional product to all KMBA members and their legal dependents and who may be in need of insurance coverage. Individuals 18 to 65 years old may avail themselves of this insurance product

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Other Services

KMBA provides additional services to primary and associate members: K-Bente, through a partnership with First Life Financial Company, Inc., and K-Dakila, under Rimansi Mutual Solutions Insurance Agency, Inc.; and residential housing assistance in times of flooding. Moreover, the Kuya Jun Scholarship Program offers high school and college scholarship to children of KMBA members. 


Started in 2007 for students who were in high school, the KMBA scholarship program was subsequently named Kuya Jun Scholarship Program, after KDCI’s first executive director, Severiano C. Marcelo, Jr., who passed away in 2008. The program has since included college students, and is available to children of KMBA primary and associate members. Applicants to the scholarships are required to pass written examinations; those who pass the qualifying marks go through background investigation. To keep their scholarship, high school students should obtain a grade average of 82 while college scholars, a grade average of 2.5 or its equivalent, with no failing marks and two grades of “incomplete.” Scholars who are in high school receive PHP3,000 as financial assistance each school year. Those in college get PHP5,000 each semester

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