Have you ever thought of yourself having a wonderful time basking in the
sun and sitting in the beach and sipping a cool beverage and watching
the sea and feeling the cool salty breeze of sea wind? But what if you
get sick on your vacation, had an accident while trying to surf because
of the heavy waves, or your airplane had engine trouble and crash landed
to the sea?
It may sound morbid, absurd and far-fetched but what if these things happen to you?
What it can do for you
It is a type of insurance that provides the insured with
comprehensive shield from accidents, illnesses and other travel related
difficulties or bad situations we might encounter. This type of
insurance is ideal for holiday makers or even frequent travelers either
domestic or overseas.
Premiums of travel insurance
Rates of travel insurance may vary depending on the available
packages offered by the insurance companies whether it will be a
domestic travel or international travel. Domestic travel insurance
(travel within the Philippines) for one to four days at P230 with
P500,000 worth of insurance coverage; international standard travel is
at P282 for one to four days with P1 million worth of insurance
coverage, international comprehensive rates at P562 for one to four days
with P2.5 million worth of insurance coverage.
WHILE commuting from work, I stumbled upon this 12-year-old girl who
sat in front of me. I got curious on what was in her loot bag, which
reminded me a lot of my childhood when I saw a glimpse of a toy inside.
In it was this very interesting board game that rekindled old memories I
had as a kid. Surprisingly, I was able to check the Internet if these
other board games still exist with the emergences of computer–based
games in different gadgets such as tablets, mobile phones and desktop
PCs that can be downloaded for a small fee or for free nowadays. You can
see the youth playing for hours on “Defense of the Ancients (DOTA),”
“Counterstrike” on the neighborhood Internet cafés or computer shops or
even young adults and professionals busy with their mobile phones or
tablets playing “Clash of Clans (COC),” “Candy Crush” and more inside
the bus or even on jam-packed Metro Rail Transit/Light Rail Transit on
their way to work or going home.
It may be new for some people but it has existed in the past few
decades in other countries. For some it is a form of religious-based
investing using the principles and teachings according to one’s belief
and denomination. It is somehow helpful in providing spiritual guidance
on one’s financial growth although churches or religions are nonprofit
organizations and they do not issue stocks or shares. In the
Philippines, there are no religious-based index funds or financial
products available in the market. However, first- world countries such
as the United States, Europe, Japan, Australia, the Middle East and our
Asean neighbors like Malaysia and Indonesia have religious-based
investment products based on Koran do exist in great numbers and people
of different religious denomination invest in it.
Before there was
online banking and smartphone apps that let you track your expenses anytime,
anywhere; long before there were websites that let you compare vehicle insurance
and financial products in an instant, our lolos
and lolas had their own way of saving
money. If you ever paid attention to your grandparents back when you were
young, they might have taught you these money saving tricks that still hold
true in this day and age.
Let’s take a
look at some actual money saving lessons shared by the lolos and lolas of
friends around the office.
“There is no substitute for victory – Gen. Douglas MacArthur”
April 9 was “Araw ng Kagitingan”
or “Day of Valor” as we celebrate and honor our veterans and remember the
fallen of World War II and other battles and conflicts in our history who gave
the ultimate sacrifice for this country and for the people.Looking back, my late grandmother would tell
us stories of how our late grandfather’s escape with a few of his comrades during
the infamous Bataan Death March.
They were able to escape and hide through the
help of the townsfolk they knew during the transfer of the bulk of prisoners of
war in the historic San Fernando Train Station in the City of San Fernando,
Pampanga to be shipped to Camp O’ Donnell in Capas, Tarlac through railway by
their Japanese captors. He was a young army officer of the Philippine
Commonwealth Army then. Although he died four decades ago, I still recount what
my grandmother and some of the old folks we know who lived during the Japanese
occupation years as a very harsh period in our Philippine history.
Have you ridden a motorcycle
before? We know for a fact that riding a motorcycle is pleasurable and fun. It
felt like having your wings and flying away. In my experience, it is the freedom
that makes it thrilling for riders alike. It can maneuver on congested streets
and heavy traffic. It can be used for sports and even travel / adventure or
cruising on an out of town ride.
The motorcyclists are common
sight in the urban or rural areas around the Philippines. Even in other Asian
countries like India, Vietnam, China, Cambodia and Thailand were the number of
motorcycles outnumbered cars and trucks. Motorcycles have become the mode of
transport of the masses. This is second only to the passenger jeepney which is
still the “King of the Philippine Road”
here in our country. In terms of frugality, motorcycles are very economical with
fuel prices skyrocketing weekly in which fuel expenses can be used for a week
at most. Motorcycles Loans are available in the market through commercial and
other financial institutions. Repairing and upgrading costs is lower compared
to a car or an SUV.
Have you wondered what does
Mortgage Retention Insurance (MRI) is for when you are paying to your
respective lending institutions like Home Mutual Development Fund (PAG-IBIG) or
at commercial banks or private lending companies? Sometimes, the licensed real
estate agent professionals might have missed out to discuss to you about these
about this type of insurance included in your other charges or they might have
discussed this to you but you have forgotten about it or still figuring out the
charges on your computations.
A month ago, the Department of Education and Bangko Sentral ng Pilipinas through their joint program, Guro ng Pag-Asa, awarded four public elementary-school teachers in the country in recognition of their effort at instilling the youth with the basics of personal finance and entrepreneurship under this program. It was also good to hear that they were given cash incentives for these effort, as well.
Personal finance has come a long way in the past decade with information and ideas on investing and handling personal finance and money management. The recent development excites in that they are teaching the basics in public elementary schools around the country. But back in the days, there was not much information on personal finance and it was a concept I had a few years ago.