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The Ownership Advantage
By insuring your members with CLIMBS, your coop joins the network of over 2,000 coops, self help groups/associations that are owners of nationwide mutual protection system, chich has been in the industry for the past 40 years.
Ownership carries the following rights and privileges such as:
- Participation of the parliamentary affairs of the organization/voting rights & voted for an elective position
- Sharing the economic benefits of the business
- National and International Linkages
- Be part in the building of the Integrated Coop Financial System(ICFS)
THE ECONOMIC BENEFIT
- Shares with its member-owner the economic results of the business through patronage refund and dividends
- Experience refund (a unique feature only from CLIMBS)
- Management fee & Tax exemption
SOCIAL DIMENSION
As members/owners:
- We guarantee fast claim settlement
- Customized/tailored fit products for coops
- Poverty alleviation through grassroots insurance
OUR TRACK RECORD
- 40 years of experience and still growing
- 40 years of insuring the ordinary filipinos
- Industry leadership in the cooperative sector
- Risk program & design expertise
- First Coop MBA
- First Coop MBA to established its own insurance company
- First Coop composite insurance company(life and non-life)
OUR COMMPETITIVE ADVANTAGE
- CLIMBS products are designed and economically priced to address the needs of coop members and grassroots people
- With our partnership with other companies, we can now offer a complete line of insurance products (through re-insurance for continuity and sustainability by the sharing and transfer of risk both local & worldwide-Munich RE)
- Presence of CoopAssurance Centers (CAC) all over the country
- Capability to pay claims on time
CLIMBS Life and General Insurance Cooperative
"The pioneer grassroots insurance provider in the country today."
Serving the Filipino Cooperators since 1971...
Written by:
Fermin L. Gonzales
President & CEO of CLIMBS
Source: CLIMBS Journal
Issue: Vol.1 No.16 / January-June 2011
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