Case study

CARD MBA (The Philippines)

Last update: 30 April 2021

Key facts

The Center for Agriculture and Rural Development Mutual Benefit Association (CARD MBA) is the largest mutual microinsurance provider in the Philippines with 83 percent of the market share. Founded in 1999, CARD MBA now has over 6 million members providing life insurance to 22 million individuals (members and dependents).


CARD MBA is part of a group of companies promoting financial inclusion under the name CARD Mutually Reinforcing Institutions (CARD MRI), including 20 companies with 17,000 staff providing microfinance credit, life and non-life insurance (ie disaster and crop insurance), banking, financial education, investment, healthcare, publishing and aid. CARD Inc. is one of these companies and is the Philippines largest microfinance institution. Becoming a member and being insured through CARD MBA is a compulsory requirement when taking a microfinance product in one of its CARD MRI institutions. For more information visit their website.

Risk reduction exemptions 

Risk-reduction exemptions are intended to highlight dangers and help protect lives. CARD MBA life insurance exemptions include death caused by an accident while drink-driving or driving without a licence.  

Credit with Education Programme

CARD MRI’s Credit with Education Programme supports members with a budget of USD 2.1 million under a range of themes, including a risk reduction and resilience theme which helps build skills related to disaster preparedness, stress debriefing and conducting fire and earthquake drills. 

Mechanisms: Awareness & Advice, Prerequisites
Hazards: Multi hazard, Road Traffic Accident

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