MANILA — Igloo, Southeast Asia’s full-stack insurtech company building the operating system for insurance, and M Lhuillier, one of the Philippines’ largest non-bank financial institutions, today announced a partnership to bring calamity protection insurance to Filipino families through M Lhuillier’s branches.
For many Filipino families, a visit to their local M Lhuillier branch is part of everyday life, whether to send money home, pay bills, or take out a loan. Those families can now also buy calamity protection for themselves and their homes at the branch.
The plans, called Calamity Protect Basic and Calamity Protect Plus, cover death or disability from an accident. They also give cash assistance if the policyholder’s home is damaged by fire, lightning, an earthquake, a typhoon, or a flood. Cover runs for a full year and is open to adults aged 18 to 65.
Igloo and M Lhuillier have already helped over 200 families affected by flooding.
Making calamity protection accessible for Filipino communities
The Philippines remains one of the world’s most disaster-prone countries, regularly exposed to typhoons, floods, earthquakes, and fires. Yet insurance penetration in the country hovers at around 2%, leaving families financially exposed when crises hit.
Through the partnership, families can get protection at the same branches they already use to send money, pawn assets, and pay bills.
“Low-income households are among the least insured in the Philippines, and they are often the hardest hit when a disaster strikes,” said Ramjit Lahiri, country head of the Philippines at Igloo. “Our experience partnering with e-wallets and financial services platforms across Southeast Asia has given us a deep understanding of what it takes to embed protection into user journeys. Many of these families already rely on M Lhuillier for their everyday needs. Now they can protect themselves and their homes for a full year through a name they trust.”
Accessible protection via platforms Filipinos trust
The partnership extends Igloo’s work of embedding insurance in the financial services Filipinos already use. With M Lhuillier’s network of more than 3,000 branches, it puts protection within reach of households historically underserved by traditional insurance.
“We are always looking for new products to offer our clients, and insurance is an important part of meeting their financial service needs. Igloo is a trusted partner, and they are offering beneficial insurance products that we believe will be valuable to our customers,” said Michael Lhuillier, president and chief executive officer of M Lhuillier. “We hope to grow this business and make this partnership something exciting and successful for both companies. We would also like to thank Igloo for placing its trust in M Lhuillier and allowing us to offer its services through our network.”
Calamity Protect Basic and Plus are available at M Lhuillier branches nationwide.
