Luzon Rural Bankers Complete Microinsurance Basic Training Course

Ten rural banks from Luzon attended the Microinsurance Basic Training Course held at the Orchid Garden Hotel in Manila on August 2-3, 2011.  Nineteen (19) of the course participants also successfully completed the qualifying examinations administered at the end of the course, which is the first step to becoming a qualified Microinsurance Soliciting Officer.

The two-day training covers the fundamentals of microinsurance, marketing and servicing. One of the tools used in the training is the Microinsurance Agent Tool Kit which includes all the requirements from the Insurance Commission and the Bangko Sentral ng Pilipinas to apply for a Microinsurance Agent License.

Since its launch in January 2011, 208 rural bank representatives from 99 rural banks have been trained under the Rural Bankers Research and Development Foundation Inc. Microinsurance Basic Training Course. Upcoming course will also be held on August 11-12 in Ozamiz City, August 18-19 in Davao City and in Iloilo City on August 22-23 and August 24-25.