Category: Financial Literacy
-
Microinsurance: Abot-kayang klase ng insurance
Pinaka-essence ng insurance ang pooling of risks over a large number of similar units such as households, persons or businesses. Inispread natin ang risk para yung financial loss ay hindi lang sa atin tatama. Insurance should not be treated as an investment Hindi dapat pinagkakakitaan ang insurance dahil hindi ito investment. Para itong bayanihan, you…
-
Forms of insurance
May apat na forms ang insurance – formal, informal, public at hybrid. Pooling of risks over a large number of similar units such as households, persons or businesses ang insurance. Inispread ang risk para ang financial loss ay hindi pasan lamang ng iisa kundi ng marami. Formal insurance Galing sa corporations and cooperatives ang formal…
-
Kinds of insurance
Pooling of risks over a large number of similar units such as households, persons or businesses ang insurance. Pinaghahati-hatian ng maraming ang risks – tulad ng kamatayan, pagkakasakit, aksidente, kalamidad – para ang financial loss ay hindi pasan lamang ng iisa kundi ng marami tao. Term insurance Upon death of the insured, may benefits paid…
-
Challenges of investing in Bitcoin
Bitcoin is a digital currency that uses blockchain technology. It is located in a computer network, meaning it is only accessible through a network such as the Internet. Bitcoin is unregulated In the event of a grievance or dispute, there is no institution to turn to as the governing body of all transactions. The lack…
-
Cryptocurrencies: Where does Bitcoin come from?
Should you be investing in Bitcoin? Will it sustain its massive gains? Is it safe to invest in it? A lot of people have become curious about Bitcoin again since its perceived value is near historic highs the past month. What is Bitcoin? Bitcoin is a cryptocurrency. Other popular cryptocurrencies include Bitcoin Cash, Litecoin, Ethereum,…
-
Blockchains: Where does Bitcoin come from?
If central banks print currencies, where does Bitcoin come from? Blockchain Bitcoin enigmatically appeared in the Internet. Satoshi Nakamoto, its unknown originator, used blockchain technology in order to create Bitcoin. Blockchains are democratized “public” ledgers. Ledgers are the recordkeeping books that accountants and bookkeepers typically use. Thus, blockchains are one method of record-keeping. Because blockchain…
-
SEDPI’s Social Welfare Protection Program
SEDPI offers the Social Welfare Protection Program (SWePP), where members can avail microinsurance coverage for their families in the Philippines or themselves. SWePP is a consolidated microinsurance and social safety net program and provides security and protection to low-income SEDPI members. As a hybrid form of insurance, it adopts formal, informal, and government social insurance…
-
What qualifies as microinsurance in the Philippines?
Insurance involves pooling risk over a large number of similar units such as households, persons, or businesses. It protects people and businesses against financial loss by spreading their risk among large numbers, and is similar to the concept of “bayanihan.” Insurance is not an investment. You are not after financial gain. It is for protection…