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AFPMBAI: 58 Years of Unwavering Commitment to Service, Security, and Social Responsibility

Published Sep 22, 2023 03:27 am

Over five decades ago, the Armed Forces and Police Mutual Benefit Association, Inc.  (AFPMBAI) was born from the noble tradition of "abuluyan" (fundraising through contributions) for the fallen members within the uniformed  services, showcasing their unwavering dedication and commitment to a greater  mission — safeguarding the freedom and sovereignty of the Filipino people, often at  the cost of their own lives. 

AFPMBAI receives its 1st Gorlden Arrow Award in 2022.jpg
AFPMBAI receives its 1st Gorlden Arrow Award in 2022

From its modest origins of systematic contributions to support fallen military and  uniformed personnel, AFPMBAI has evolved into a guardian of financial security and  welfare for its members and their families. Its membership has expanded beyond the  military to include the Philippine National Police, Bureau of Fire Protection, Bureau of  Jail Management and Penology, Philippine Coast Guard, and others. As of 2023,  AFPMBAI boasts of over 400,000 active and retired members. 

To ensure each segment of the uniformed community has a voice, AFPMBAI's Board  of Trustees includes representatives from these various branches of service, with the  current Armed Forces of the Philippines Chief of Staff as the Chairman of the Board.  This guarantees that the Association's actions align with the mission and address the pressing financial and welfare needs of each branch of service. 

Medical equipment and supplies.JPG
Medical equipment and supplies were given to the military and uniformed personnel during the Covid-19 pandemic

One standout benefit that AFPMBAI offers is the comprehensive insurance coverage  for members of the military and uniformed personnel (MUP) due to duty-related  incidents, including death and injuries sustained from war, rebellion, military, or police  operations, which sets it apart from commercial insurance providers. 

AFPMBAI also enhances accessibility for its members through the Regional Sales and  Service Centers (RSSCs) strategically located nationwide. These centers serve as  one-stop shops for processing insurance and loan applications, benefit claims, and  death claims.

2023 GRADE sholar graduates.png
Scholars of the Grants for Dependents (GRADE) Scholarship Program

Furthermore, the RSSCs are complemented by various partner payment centers and  digital wallets, providing convenient ways for members to settle their accounts and  receive benefits. 

With assets totaling P38.7 Billion as of 2022, AFPMBAI stands as the country's  strongest and largest mutual benefit association. In 2022, it recorded an audited  income of P1.14 Billion (net income before tax), distributed P2.1 Billion in dividends  since 1981, and disbursed P1.7 Billion in living benefits in 2022 alone. Additionally, it  has released P2 Billion for corporate social responsibility programs, focusing on  education, health, and general welfare since 2012. 

Handover ceremony of PA Transient Facility.jpg
Handover ceremony of PA Transient Facility

Notable contributions in 2023 include the handover of the Philippine Army transient  facility and the groundbreaking of the Philippine National Police grandstand in Quezon  province. The Grants for Dependents (GRADE) Scholarship Program currently  supports 80 scholars, with P44 Million released as of 2023. This scholarship aids the  dependents of fallen MUP members and has already sponsored the education of 300  graduates. 

AFPMBAI also invests in the well-being of its members through various medical,  emergency, fitness, administrative, and operations equipment, as well as service  vehicles provided to the different branches of service. 

Groundbreaking ceremony of the PNP Grandstand in Queazon Province.JPG
Groundbreaking ceremony of the PNP Grandstand in Queazon Province

As a result of these initiatives and achievements, AFPMBAI ranks 4th among 32 MBAs and has earned the prestigious Golden Arrow Award for the second time, with an  impressive performance rating of over 80% in good governance. This recognition  comes from the Institute of Corporate Directors, an authorized evaluator by the  Insurance Commissio[b]n based on rankings from the  ASEAN Corporate Governance Scorecard.

AFPMBAI's relentless pursuit of corporate governance principles and its commitment  to its mission-defining values of dedication, commitment, and selfless service solidify  its position as a stalwart leader among mutual benefit groups in the Philippines. 

 

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