
40.9% more Filipinos are now saving in banks. Here’s why you should too
PDIC deposit insurance now covers up to ₱1 million per depositor per bank, giving Filipinos greater protection when saving with insured banks.
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PDIC deposit insurance now covers up to ₱1 million per depositor per bank, giving Filipinos greater protection when saving with insured banks.
1 min read
Philippine insurance premiums rose 16.2% in the second quarter, while insurance penetration reached 1.96% of GDP, still below the industry’s 2% target.
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BSP-licensed digital banks are expanding rapidly, but depositors should know the ₱1 million PDIC insurance limit and stick to the six officially licensed digital banks.
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Pag-IBIG Fund is offering payment moratoriums, insurance assistance, calamity loans, and home improvement loans to eligible members affected by the Mindanao earthquake.
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Borrower Protection Insurance can help settle eligible credit card or loan balances after death, disability, or serious illness, depending on the policy.
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