The Philippine Star

Malayan Insurance joins fight vs poverty

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Malayan Insurance Co. (MICO), a member of the Yuchengo Group of Companies, continues to join the fight to eradicate poverty in the Philippine­s by 2030.

MICO vice chairperso­n Yvonne Yuchengco said the insurance provider would offer microinsur­ance to member organizati­ons of the Zero Extreme Poverty 2030 Goal or ZEP 2030.

“That is in consonance with the mission of inclusivit­y and thus providing non-life insurance protection, just one of the means to achieve this mission of inclusivit­y,” Yuchengco said.

The program aims to uplift at least one million Filipino families from extreme poverty by the year 2030.

At the signing ceremony held at De La Salle University, Yuchengco said the memorandum of understand­ing allows MICO to offer microinsur­ance cover to member organizati­ons and anti-poverty cluster programs of the ZEP 2030.

She added MICO would aid in sustaining the ZEP 2030 by administer­ing microinsur­ance coverage for indigent recipients from marginaliz­ed sectors as well as qualified individual­s and organizati­ons.

MICO shares the Yuchengco Group’s passion for serving the marginaliz­ed through their contributi­ons to the industry and the local economy.

 ??  ?? Photo shows (seated, from left) Philippine Business for Social Progress president Bro. Armin Luistro, Sun Life Grepa Financial president Richard Lim, Malayan Insurance vice chair Yvonne Yuchengco, chairman of the Board of Directors of 1911 Insurance Agency Bro. Bernard Oca, and Sun Life Grepa Financial vice president Peter Miranda. They are joined by other company officials.
Photo shows (seated, from left) Philippine Business for Social Progress president Bro. Armin Luistro, Sun Life Grepa Financial president Richard Lim, Malayan Insurance vice chair Yvonne Yuchengco, chairman of the Board of Directors of 1911 Insurance Agency Bro. Bernard Oca, and Sun Life Grepa Financial vice president Peter Miranda. They are joined by other company officials.

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