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Malayan Insurance signs memorandum, commits to Zero Extreme Poverty 2030 goal

by ecommerce | Aug 19, 2019


Seated, from left: Br. Armin A. Luistro FSC- President, Philippine Business for Social Progress; Mr. Richard S. Lim, President, Sun Life Grepa Financial, Inc.; Ms. Yvonne S. Yuchengco, Vice Chairperson, Malayan Insurance Company, Inc; Br. Bernard S. Oca FSC- Chair, Board of Directors, 1911 Insurance Agency Corporation; Mr. Peter Miranda- Vice President - Sun Life Grepa Financial, Inc. Standing, from left: Mr. Radden Nibungco–Manager, Group Sales Intermediaries, Sun Life Grepa Financial, Inc.; Mr. Martin D. Yuchioco, First Vice President, Malayan Insurance Company, Inc.; Mr. Dante Francisco M. Mayo, Assistant Vice President, Malayan Insurance Company, Inc.; Ms. Cynthia R. Pendatun, General Manager and OIC, Soliciting Officer, 1911 Insurance Agency Corporation.

MANILA, Philippines — Malayan Insurance Company (MICO) and various stakeholders signed an accord called Zero Extreme Poverty 2030 Goal (ZEP 2030), a program that seeks 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, Ms. Yvonne S. Yuchengco, MICO Vice Chairperson, said the Memorandum of Understanding allows Malayan Insurance to offer microinsurance cover to member organizations and anti-poverty cluster programs of the ZEP.

“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.

A member of the Yuchengco Group of Companies, MICO shares the Group's passion for serving the marginalized through their contributions to the industry and the local economy. Malayan Insurance will aid in sustaining the Zero Extreme Poverty Goal by administering Microinsurance Covers for indigent recipients from marginalized sectors, as well as qualified individuals and organizations.