We are pleased to announce that effective June 1, 2016, a deceased member will be entitled to a 50% refund of his or her total membership contributions, in addition to the PhP 60,000.00 benefit that will be paid out to the designated beneficiary .
We likewise take this opportunity to inform the members that there are other enhancements to our benefits portfolio that have already been submitted to the Insurance Commission (IC) for approval, which we are confident will come to fruition this year. Expect new loan facilities such as Medical and Surgical Equipment Loan, House and Repair Loan, School Assistance Loan and Insurance Premium Loan with maximum loanable amounts of up to PhP 100,000.00, payable in 24 months for a very low interest rate of 6% per annum.
We have also submitted a proposal to IC to allow the Association to increase the maximum loanable amount for Medicine and Supplemental Loan. Once approved by the IC, the Association will release another communication to convey the revised benefits portfolio.
Rest assured that your Association will continue to uphold its commitment to continuously improve service and assistance to its members .
For information and guidance.