State-run Government Service Insurance System (GSIS) said it plans to broaden its insurance program to cover additional government-owned properties aside from public schools. Wick Veloso, GSIS president and general manager, stated that they intend to expand the coverage of the National...
The Insurance Commission (IC) reported on Friday, Aug. 16, that healthcare benefits paid out by health maintenance organizations (HMOs) rose by 15.7 percent from January to June this year while their net income also increased. In a statement, the IC said HMOs paid P30.33 billion in benefits in the...
State-run Government Service Insurance System (GSIS) has extended the restructuring program for service loans (RPSL) until May next year to provide borrowers with more time to take advantage of longer and more manageable payment terms. In a statement, Wick Veloso, GSIS president and general...
The Government Service Insurance System (GSIS) said it has begun identifying and processing claims from government agencies affected by Typhoon Carina. In a statement, Wick Veloso, GSIS president and general manager, said they are contacting all government agencies, local government units (LGUs),...
The Insurance Commission is considering offering insurance products for overseas Filipino workers (OFWs) in three regions worldwide. IC Commissioner Reynaldo Regalado told reporters that they are already coordinating with the Department of Migrant Workers on the proper circular to execute this...
Finance Secretary Ralph G. Recto called on the life insurance industry to redefine how people perceive life insurance, noting that it is not mere expenses but protection for a better future for Filipino families. “It is not a mere transaction but a selfless act of love that they can bestow upon...
The Insurance Commission stated that most health maintenance organization (HMO) providers are expected to meet the planned increase of P100 million in minimum capital requirements, but seven others will be affected. On the sidelines of the 74th anniversary of the Philippine Life Insurance...
The Marcos administration increased its financial backing for the National Irrigation Administration (NIA) while scaling back support for the Philippine Health Insurance Corp. (PhilHealth) in the first half of the year. Data from the Bureau of the Treasury revealed that the national government...
Starting at just P145 per year, Filipinos can now have their hospital bills covered for the top three critical illnesses with the introduction of Oona Philippines' new insurance product. The Critical Illness Insurance was designed to provide affordable coverage for three major health threats:...
The Government Service Insurance System (GSIS) has allocated P18.5 billion for emergency loans to aid members and pensioners impacted by typhoon Carina and the southwest monsoon. In a statement Thursday, July 25, the state pension fund for government workers said that approximately 864,089 GSIS...
The Department of Agriculture (DA) has called on the Philippine Crop Insurance Corp. (PCIC) to modernize its operations and enhance the accessibility of its insurance products and services to better cater to farmers, fisherfolk, and livestock raisers. In a statement, Agriculture Secretary Francisco...
State-owned Government Service Insurance System (GSIS) has introduced a new housing program tailored for government employees featuring zero down payment. Wick Veloso, GSIS president and general manager, announced on Monday, July 15, that the launch of this new program, which enables borrowers to...
