NATCCO MBAI was established in 2009 to enable co-ops to provide financial support to its members and their dependents in the form of death and sickness benefits, provident savings, and loan redemption assistance.  

It was also established to specifically support the micro-insurance needs of the NATCCO Network affiliated cooperatives.  

NATCCO MBAI offers two insurance products, the Damayan Family Plan, a Basic Life Insurance Product that insures the Principal Member and his/her four dependents; and the Co-op Loan Guarantee Plan, a Credit Life Insurance that pays off the Principal member’s loan if there is untimely death.

The Co-op Loan Guarantee Plan is an integral part of NATCCO’s thrust to boost the capacity of cooperatives to serve their members, as well as prevent co-operatives’ insolvency.  It has been found that the death of a borrower leaves loans unpaid, causing financial strain on many primary cooperatives.  With MBAI’s loan protection program, the borrowers’ outstanding balance is paid to the primary by MBAI, and the remainder is given to the deceased borrowers’ family.

NATCCO MBAI continues to support the cooperative partners and their members with the “zero denial” and shortened contestability period to only six months.  It constantly enhances its operations by updating and creating new policies that will drive the association’s mission to provide family protection and co-ops’ security.

2018 data:

1. Damayan Family Plan policies issued - 31,176

2. Total Coop Loan amount insured – PhP 2,124,044,554

3. Claims processed for Damayan Family Plan - 240, with total benefit amount of PhP 8,804,040

4. Claims processed for Coop Loan Guarantee Plan - 136, with total benefit amount PhP 4,579,789

5. Total claims amount released to beneficiaries – PhP 13,380,829