01:12.3
Yung parang sa tingin mo ay pinakabahan ka, pinaka natatakot ka.
01:18.0
Tapos ano yung type ng insurance naman na gusto mong magkaroon ka ng insurance?
01:24.9
Gaya sinabi kanina ni Servin sa session niya, ito yung typically na malaki yung magiging epekto sa inyo kung nangyari.
01:34.2
So ilagay ninyo sa chatbox para makita natin ano ba yung mga insurance na...
01:40.7
Parang pinaka, ano ninyo, parang gusto nyong magkaroon.
01:52.9
Kailangan pa mag-iisip.
01:57.4
Ayan, si Homer sabi niya car para sa mga accident and house.
02:04.4
Pwede siguro from fire or other accident na pwede mangyari sa bahay.
02:10.7
Okay, tapos meron dito.
02:13.0
Para hindi magiging pabigat sa mga kamag-anak, kaya ako kumuha ng insurance.
02:22.4
Okay, term insurance. Single po ako, no child.
02:26.2
Against health, just pension.
02:29.3
Health, health. Ayan.
02:30.8
So talagang makikita natin gustong pahalagahan yung health.
02:36.9
Kasi pagka nangyari yun,
02:39.1
pag na-hospitalize tayo, malaking gastos.
02:43.3
So sabi din ni June, yung lifestyle, diseases or critical illness,
02:49.7
sickness, disability, vehicular crash or illnesses and health.
02:55.3
Tapos accident din.
03:02.7
So na-excite ako.
03:04.9
Meron tayong quiz ngayon.
03:08.6
Ang gagawin natin ay meron tayong mga words na or meron tayong question
03:16.1
and then pipiliin ninyo kung ano yung tamang term na nagmamatch doon.
03:27.5
hopefully makita ninyo yung ating quiz.
03:33.6
So, isa-isahin natin to.
03:36.7
So, yung first question,
03:38.6
is it is the printed document issued to the policy holder by the insurance company
03:46.1
stating the terms and conditions of the insurance contract.
03:50.3
So, ito yung mga options.
03:54.1
So, lahat ng mga katunungan pare-pareho yung mga options.
03:57.1
Pipili lang kayo ng isa.
03:58.7
So, beneficiary, benefits, claim, payment, deductible, eligibility, exclusion.
04:08.1
Policy, premium, pre-existing condition, or waiting period.
04:13.6
So, ipasok ninyo po yung sagot ninyo.
04:16.8
Yung next na term na alamin is the sum paid by a policy holder to keep an insurance policy in force.
04:31.5
Pareho yung option dyan.
04:38.1
Next, the person named in the policy as the recipient of the insurance money in the event that an insured event occurs.
04:52.2
Number four, a request for payment due to an event or loss that may come under the terms of the policy.
05:08.1
Number five, the amount payable by the insurance company to the person who submits a claim or his or her beneficiary under each coverage.
05:26.5
Number six, specific conditions or circumstances listed in the policy that are not covered
05:35.1
and for which the policy will not pay.
05:38.1
Number seven, the criteria that determine who can purchase an insurance policy.
05:50.8
Example, there may be age restrictions that prevent people above or below a certain age from buying an insurance policy.
06:08.1
Okay, number eight, an amount of money that a policy holder agrees to pay per claim or per accident toward the total amount of an insured loss.
06:21.5
Insurers usually use this mechanism to share risk with policy holders and reduce false claims.
06:31.7
Ayan, I think paggamit kaya tayong phone, hindi nakakapag-next.
06:38.1
Kaya nawala yung ibang question.
06:40.7
So siguro pwede niyong ilagay muna sa paper kung ano yung sa tingin niyong tamang sagot.
06:54.5
Okay, number nine, the time a policy holder must wait before his or her coverage becomes effective.
07:04.0
For example, in life insurance, there is a delay between the time when policyholders,
07:08.1
begin paying premiums, and when the coverage is active,
07:13.5
reducing the risk that someone who is about to die will purchase a policy.
07:23.1
Number ten, a physical or mental condition of an insured person that existed before the person purchased the policy.
07:34.9
So yung last na question is,
07:36.9
the portion of the loss that the policy holder pays himself,
07:42.1
it is used by insurers to share risk with the policy holder and reduce false claims.
07:54.3
Ayan, bigyan ko kayo ng mga two minutes para tapusin itong quiz natin.
08:02.2
Don't worry dun sa mga nawala yung questionnaire.
08:05.6
Siyempre, i-discuss naman.
08:06.9
Kung ano yung tamang sagot dito.
08:11.1
So yung una natin na dinefine is,
08:16.8
ayan, this is the printed document issued to the policy holder by the insurance company
08:22.3
stating the terms and conditions of the insurance contract.
08:27.8
So ito yung policy.
08:30.8
Ayan, so 89% sa inyo alam na policy ang tawag dito.
08:35.3
So importante na meron.
08:36.9
Mayroon kayong copy nito kasi nandun lahat ng terms and conditions nung insurance.
08:43.6
Ayan, so yung next na question natin is,
08:47.7
the sum paid by a policy holder to keep an insurance policy in force.
08:52.8
So ito yung binabayaran natin which is yung premium.
09:00.9
So 100% ng sumagot, umama dito.
09:07.4
Nabayaran yung premium, hindi maku-cover na yung insurance ninyo.
09:13.9
Minsan nagnibigay yung insurance company ng grace period para mabayaran mo yung inyong premium
09:20.3
kung hindi nakapagbayad doon sa duty.
09:25.4
So yung next natin is yung beneficiary, yung tamang sagot, which is yung tao na nakapangalan
09:34.1
sa policy as the recipient
09:36.1
of the insurance money
09:37.8
kung nangyari yung event
09:41.9
So, for example, sa life insurance,
09:44.0
kung namatay yung policy
09:46.1
holder, ang makakatanggap
09:48.6
ng insurance money
09:50.0
is yung beneficiary.
09:56.5
a request for payment due to
09:59.9
an event or loss that may
10:02.0
come under the terms of the policy.
10:05.0
So, ang tawag dito
10:07.8
So, pwede kang mag-claim kung
10:09.5
or mag-request ng payment
10:11.7
kung nangyari yung event
10:15.4
kinukover nung policy ninyo.
10:21.6
amount payable, babayaran
10:23.7
ng insurance company to the
10:25.8
person who submits a claim
10:27.6
or his or her beneficiary
10:29.5
under each coverage.
10:39.4
So, ito yung mga specific
10:40.9
conditions or circumstances
10:45.6
sa policies na hindi
10:47.2
siya covered. So,
10:49.0
dahil hindi covered, hindi siya
10:50.7
mabibigyan ng benefits.
10:55.4
Next naman is yung
10:57.0
criteria that determine
10:58.7
who can purchase an insurance
11:00.4
policy. So, ito yung
11:02.0
eligibility requirements.
11:04.2
So, kunwari, ang eligible
11:05.8
age lang is 18 and
11:08.1
above. So, below 18,
11:10.4
hindi pwedeng magharoon
11:11.8
ng insurance na yun.
11:15.8
naman, ito yung amount
11:17.9
of money that a policyholder agrees
11:20.1
to pay per claim or per
11:21.9
accident toward the total amount
11:23.9
of uninsured loss. So,
11:26.0
bali, for example,
11:29.7
nag-a-apply sa mga
11:36.1
So, ang nangyayari,
11:37.8
kunwari, ang sum insured mo
11:45.5
yung inyong magiging
11:49.7
ang nakita ko noon na
11:51.3
typical na percentage ng
11:53.5
deductible is for
11:55.6
private vehicles,
12:02.0
And pagka-commercial
12:03.2
vehicles naman is
12:10.2
sa motorcycle, I think
12:14.7
din. And then may minimum
12:17.7
siniset. So, bali,
12:20.2
ang mangyayari doon, kunwari,
12:22.1
nagkaroon ng aksidente
12:25.5
100,000 yung gastos.
12:30.0
sum insured ay 500,000.
12:37.6
So, ang mangyayari,
12:46.1
nagastos or gagastusin
12:48.4
para doon sa aksidente,
12:56.2
So, let's say yung 2.5, yun yung
12:58.0
deductible niya, kailangan
12:60.0
yun yung babayaran niya doon sa
13:06.2
dahil doon sa aksidente.
13:07.9
Once nabayaran niya yung 2.5 na yun,
13:16.4
Okay? So, mechanism ito
13:20.0
na mag-share ng risk and
13:21.8
bumaba yung possibility
13:23.9
na false yung claims.
13:25.7
Para lang magsabi na
13:29.4
So, ganun yung nangyayari.
13:32.0
Pari, for deductibles.
13:37.2
time na yung policyholder
13:39.9
must wait before his or
13:41.6
her coverage becomes effective.
13:44.6
Ang tawag dito ay
13:45.7
waiting period. So,
13:48.0
for example, sa life insurance
13:50.0
may waiting period.
13:52.4
Usually, may delay
13:53.9
between the time when the policyholders
13:56.3
begin paying premiums.
14:00.2
ang nakalagay sa policyholders,
14:02.0
yung policy is one year
14:03.8
na waiting period.
14:07.4
namatay is namatay
14:12.0
one year. So, there's a possibility
14:15.9
hindi mababayaran
14:19.7
Kasi, nasa loob siya nung
14:24.9
Kailangan malaman mo din
14:26.5
kung anong mangyayari
14:27.9
kung hindi umabot dun sa
14:30.0
waiting period. Wala bang matatanggap?
14:32.0
Or, mag-underdo pa ba
14:43.8
ma-reduce yung risk
14:46.2
na kukuha lang yung
14:50.0
policy or ng insurance dahil
14:53.1
may taning ng buhay niya.
15:02.0
For the insurance
15:06.6
Ayan. So, yung next
15:08.1
naman na term is physical
15:10.0
or mental condition of an insured
15:12.1
person that existed before
15:14.1
the person purchased the policy.
15:16.3
So, ang tawag dito is
15:17.7
pre-existing condition.
15:22.1
sakit na meron ka
15:26.0
nagkaroon nung insurance policy.
15:32.0
yung huli natin is
15:34.1
yung tinatawag natin
15:37.8
portion ng loss that the policy
15:40.0
holder pays himself.
15:42.0
So, for example, meron siyang health
15:43.8
insurance. And yung
15:45.6
nandun sa policy is may co-payment
15:48.4
na magbabayad muna
15:53.7
500 pesos. Tapos,
15:56.4
pag nabayaran na yung 500 pesos,
15:58.8
yung remaining na
16:03.1
pagtapahospital or doon sa
16:06.2
procedure na yun,
16:07.9
ang mag-cover na is
16:10.8
insurance company.
16:15.1
So, ang tawag doon
16:20.1
na-clarify sa inyo itong
16:22.1
mga insurance terms na ito.
16:24.6
Pero, syempre, meron pa tayong
16:25.8
ibang i-clarify. So, for example,
16:28.5
sino yung beneficiary for
16:30.2
property insurance?
16:34.1
ito yung policy owner
16:39.9
ng property. So, kung sino
16:42.2
yung may-ari ng bahay, sino yung may-ari
16:46.6
And, sino naman yung
16:47.7
beneficiary for the health insurance
16:50.2
policy? So, usually,
17:02.0
okay. So, usually, ito yung
17:04.5
policy owner o kaya yung
17:06.5
kanyang immediate
17:10.8
And, yung para naman
17:12.7
sa life insurance policy,
17:14.6
ang beneficiary natin dito
17:18.7
holder, pero yung
17:20.4
beneficiary ang makakatanggap
17:24.4
his or her death.
17:28.3
kanina nabanggit natin yung
17:29.9
exclusions. So, bakit
17:32.0
pa nagkakaroon ng
17:33.3
exclusion? So, ito yung
17:36.3
nasabi natin, ito yung special
17:37.9
circumstances na hindi
17:39.9
kinukover ng policy.
17:42.6
So, depende to sa type ng
17:44.1
policy kung ano yung i-exclude
17:46.1
niya. For example,
17:48.0
for life insurance,
17:52.1
exclusion dito ay suicide.
17:54.9
Sa health insurance
17:58.1
mental illness, yung sinasama,
18:04.3
or minsan, may mga
18:06.7
critical illness o pre-existing
18:10.8
hindi sinasama dun sa health
18:15.7
property insurance na
18:22.9
syempre, hindi, ine-exclude
18:24.7
nila yung arson o yung
18:29.3
parang, inano mo yung
18:33.2
nagsunog dun sa bahay mo.
18:35.5
So, i-exclude yung mga
18:39.1
situation na yun. So, syempre,
18:41.8
prinoprotectahan nung
18:43.1
insurance company yung sarili nila
18:45.3
na pwedeng si policyholder
18:49.5
ng paraan para makapag
18:51.3
claim ng benefits.
18:52.9
Katulad nga nung arson or
18:58.2
Ayan. So, ano yung
18:59.2
checklist natin? Pag nagkakataon,
19:00.7
nag-a-avail tayo ng insurance. So, ito yung
19:03.0
kailangan mong tanungin.
19:05.1
So, yung policy, premium,
19:06.7
beneficiary, claim, benefits,
19:09.8
ano yung mga exclusions,
19:11.5
ano yung eligibility requirements,
19:13.6
magkano yung deductible,
19:15.4
and waiting period.
19:17.1
So, pagdating sa premium,
19:18.9
syempre, magkano yung babayaran ng premium?
19:23.2
ito babayaran? Cash ba?
19:25.2
Deducted from a loan?
19:26.5
Or, other way of paying?
19:29.6
And, gano'ng mong kadalaan,
19:30.7
mas ito na babayaran.
19:32.8
So, monthly ba? Quarterly
19:36.4
So, typically, pag-annually,
19:38.8
mas nagiging maliit
19:41.7
per period versus quarterly
19:47.4
Sa coverage naman
19:48.5
is, alamin mo anong type
19:50.4
of policy ito. Ano yung
19:52.4
events na kinukover niya.
19:54.5
So, for example, si
19:56.0
life insurance, minsan merong rider
20:03.6
So, kailangan mong malaman
20:05.4
kung ano yung kasama doon.
20:07.1
Minsan din, nasama yung critical illness.
20:10.7
Okay? Yung benefits
20:15.6
or ano yung mga benefits
20:17.3
kung nangyari yung
20:23.3
insurance policy.
20:25.9
And, ano yung mga events
20:29.0
Para ikaw ay makapag-claim
20:31.7
nung benefits na yon.
20:34.9
Okay. Pagdating sa claim,
20:38.6
i-submit mo para makakuha ka
20:42.4
And, ano yung mga
20:46.3
So, ano din yung paraan or ano yung mga
20:50.3
gagawin ni policyholder
20:52.7
para makukuha yung benefits na yon?
20:56.4
kailan niya dapat gawin ito? Meron bang
20:59.0
parang deadline yon na dapat
21:01.0
within one year, masubmit mo lahat
21:03.2
ng documents from the
21:05.0
date of the event?
21:07.4
So, merong mga ganong consideration.
21:11.1
So, yung beneficiary,
21:12.8
sino yung pwedeng maging beneficiary?
21:15.3
Ilan yung pwede natin
21:16.4
i-nominate as beneficiary?
21:19.6
Meron bang special provisions
21:21.1
if benefits are paid to a named
21:23.1
beneficiary who is
21:26.8
Okay. So, sa exclusion,
21:29.0
ano yung mga events na excluded
21:30.9
from the policy? Para alam mo din,
21:32.8
syempre, kung ano yung mga
21:34.9
out-of-pocket expenses
21:36.6
na manggagaling sa'yo
21:38.7
dahil excluded yun from the policy.
21:42.1
Ayan. Sa deductible
21:43.1
naman, magkano yung amount of deductible?
21:46.9
Nag-iiba ba yung deductible
21:53.0
is it the same for every claim?
21:57.0
what if the event
21:58.9
is less than deductible?
22:01.6
So, kunwari, ang deductible
22:06.8
medical bill ay nasa 1-5.
22:09.4
Anong magiging arrangement
22:12.8
policyholder and the insurance
22:14.8
company? And, ano din
22:18.5
wala kang pera na
22:20.3
pambabaya dun sa deductible
22:28.9
sasakyan, minsan, pumapayag
22:31.0
sila na magkaroon ng
22:32.5
payment scheme para mapadali
22:36.6
ng pagpuno ng deductible.
22:39.5
Minsan naman, hindi pumapayag
22:41.0
yung gagawa na hindi mo
22:42.8
mabayaran yung deductible. Ganon din
22:44.9
sa insurance company,
22:47.0
hindi din sila magpipay out hanggang
22:51.4
yung deductible na yun.
22:52.8
So, kailangan mong malaman kung
22:54.4
ano yung mga pwedeng repercussions
22:57.1
pag hindi ka makabayan.
22:58.9
Ayan. So, waiting
23:01.1
period naman, ang important
23:04.7
kailan ma-activate yung
23:09.7
ano yung mangyayari
23:11.4
may nangyari sa'yo
23:17.1
sa'yo during the waiting period?
23:19.2
Entitled ka na ba
23:20.7
dun sa benefit na yun o hindi pa?
23:24.7
Okay. So, pagdating sa pag-nominate
23:27.3
or pagpipili ng benefit,
23:29.6
itong situation na to
23:36.5
o mag-nominate ka ng
23:38.6
beneficiary mo, sino yung pipiliin mo?
23:41.0
At meron kang anak
23:42.4
in this situation.
23:46.5
ang inominate natin is
23:48.3
yung spouse. Kasi,
23:50.8
ang iniisip natin is
23:56.5
may iwan mong anak,
23:58.9
kung ano yung mas nakakabuti sa mga anak ninyo.
24:01.9
And, will need help
24:03.6
caring for the children.
24:05.9
Tapos, pwede din siyang
24:07.7
mag-opt to invest
24:09.3
yung matatanggap na benefits
24:11.8
para ma-increase yung
24:15.4
Ang advantage naman, pagka binigay mo
24:17.9
or ni-nominate mo
24:19.4
yung child mo as a beneficiary,
24:23.3
mapupunta sa kanya yung
24:28.9
ay intended for the children's welfare.
24:32.3
So, another option
24:35.0
nominate your adult sibling
24:37.3
as the beneficiary.
24:39.4
So, ito naman, ang advantage nito
24:41.3
is mapaprotektahan
24:43.3
yung pera na intended
24:45.1
for the children against the demands
24:47.4
or expectations from the
24:49.1
spouse and his family.
24:53.5
So, meron din naman itong
24:55.3
mga disadvantages.
24:57.4
So, yung parents,
25:00.6
inonominate mo as beneficiary,
25:03.5
may possibility na
25:04.9
gamitin niya ito for other
25:06.7
purposes. Pwede din na
25:09.9
magkaroon ng ano sa
25:12.5
ibang asawa. Doon gamitin
25:14.8
yung pera. Pag child
25:16.7
naman, yung maging beneficiary mo,
25:19.2
may possibility din na
25:20.6
hindi pa siya mature or
25:22.4
responsible enough to make financial
25:24.7
decisions, lalo na kung batang-bata
25:28.7
ang binigyan naman
25:30.8
ng pera ay yung adult sibling,
25:33.3
pwedeng itakbo yung pera
25:34.7
or gamitin niya yung pera sa sarili
25:36.7
niyang anak or sa
25:38.7
sa sarili niyang anak
25:40.7
instead of doon sa naulila
25:44.7
nieces. Okay. So,
25:47.2
itong mga pagpili
25:48.8
ng beneficiary na ito, depende
25:52.9
kung ano yung dynamics ninyo
25:54.7
na pamilya. Wala siyang set na
25:56.5
ito yung best na gawin ninyo.
25:58.7
In terms of choosing
26:06.2
this session, and even yung
26:08.5
previous session,
26:12.9
sa chatbox kung nag-aagree
26:14.6
ba kayo or nag-disagree kayo
26:16.5
dito sa mga statements na ito.
26:19.6
So, unang statement,
26:21.4
sacrificing to pay
26:22.8
for insurance now is better
26:24.9
than facing financial
26:26.9
ruin when hit with an
26:28.7
unexpected disaster.
26:33.0
disagree or agree?
26:44.7
Ayan. Pare-pareho tayo
26:51.4
maliit lang naman yun na halaga
26:56.5
pwedeng i-require.
26:58.7
Sa atin kung nangyari yung mga
27:00.5
disaster or yung mga risk.
27:03.0
Okay. Second na statement,
27:08.6
really unlucky to be hit with a
27:10.6
crisis that can ruin your business
27:14.7
unlucky people need to buy
27:28.7
Ayan. So, agree tayong lahat
27:30.8
na nag-disagree tayo.
27:33.0
Kasi, yung pwedeng
27:35.0
mangyaring risk is
27:38.9
kahit kanino, especially
27:40.6
yung death. Lahat naman
27:42.8
tayo ay mamamatay. Hindi lang
27:44.7
natin alam kung kailan at
27:48.9
pati yung health, hindi naman
27:50.6
forever na okay yung health natin.
27:54.6
nang sigurado kayo kesa yung
27:56.7
hindi kayo sigurado.
27:58.7
Something that you can't control.
28:01.3
At least, pag meron tayong
28:02.6
insurance, is something na
28:04.5
parang nagkakaroon tayo
28:08.5
control over the possibility
28:10.5
na pag nangyari ito, at least
28:12.4
meron tayong kosyon.
28:15.5
Ayan. So, pangatlo
28:16.7
na statement, paying for insurance
28:18.9
is worth the peace
28:20.6
of mind you gain.
28:28.7
Ayan. Lahat din tayo
28:36.5
If you experience an emergency
28:38.3
covered by insurance,
28:40.3
the benefits you receive are likely
28:42.5
to be far more than
28:44.0
you can save on your own.
28:48.7
If you experience an emergency
28:50.8
covered by insurance,
28:52.3
the benefits you receive are
28:54.4
likely to be far more than you
28:56.2
could save on your own.
28:58.0
Ayan. Usually, yung
29:02.5
insurance is malaki
29:04.9
benefits na mali-receive
29:08.0
kesa yung sinave natin. Kasi
29:09.9
pooled yung resources
29:12.1
natin at kaya niya
29:13.7
makover yung mas malaki
29:16.0
kesa yung nasave natin.
29:20.9
Second to the last
29:21.9
statement, regular saving in
29:24.0
your own bank account is better
29:26.0
protection than paying for
29:27.9
insurance that you may or may
29:33.3
nagdi-disagree. Actually, lahat
29:35.5
nagdi-disagree. So,
29:37.9
tama naman yun. Although, meron
29:39.9
ding advantage yung regular
29:42.0
saving kasi mas flexible
29:45.7
madali na ma-withdraw.
29:51.3
predictable yung mga
29:53.7
expenses na pwedeng
29:56.1
mangyari, then you can do it.
29:57.9
You can get that from the
29:59.3
account. You can save for it.
30:01.7
Pero yung mga mas malalaking
30:07.8
insurance yung mag-cover.
30:10.1
Or sometimes, merong
30:13.9
For example, mga car insurance,
30:15.8
required na kung meron kang sasakyan
30:17.6
is meron kang insurance.
30:20.0
So, syempre, hindi naman pwede na
30:21.9
regular savings lang yung gamitin
30:24.0
mo doon or something that is
30:27.9
And lastly, if I pay for
30:29.6
insurance but don't make any
30:31.7
claims to use the benefits during
30:33.5
the year, I should be entitled
30:41.7
Do you agree or disagree?
30:45.6
ay medyo nag-iisip pa
30:47.7
pero karamihan is
30:52.4
tama, no? Disagree
30:54.7
ang binabayaran natin
30:57.7
sa insurance is yung
30:59.3
protection, which it is
31:01.3
able to do in that period
31:05.5
year. Kung hindi mangyari
31:07.2
na, ay kung hindi
31:09.3
mangyari yung event na covered,
31:11.3
di pasalamat tayo na
31:12.9
hindi yun nangyari. So,
31:15.0
binababayaran niya, yung nabibigay
31:17.3
o yung binabayaran natin ay
31:19.0
yung peace of mind na nabibigay
31:21.8
ng insurance company
31:23.4
dahil meron tayong insurance
31:25.8
doon sa covered na.
31:29.5
Ayan. So, hopefully,
31:31.8
mas may na-clarify sa inyo
31:33.9
in terms of the terminologies
31:36.1
that we need to know about
31:39.0
Yan. Pili ko lang talaga, no?
31:41.3
Dapat naman ay mamaster na nila
31:43.8
yan. At mukha namang, ano, no?
31:45.4
Mukha namang nag-gets na gets kung ano
31:47.6
yung insurance flaw
31:49.7
dahil nga doon sa mga agreements
31:51.3
and disagreements sa mga statements
31:53.2
ay consistent doon sa mga
31:55.6
itinuturo din natin.
31:57.7
Yan ang mga sagot nila.
