State-run pension fund Government Service Insurance System (GSIS) has increased its funeral benefit by two-thirds to ₱50,000 from ₱30,000, providing greater financial assistance to families of deceased government workers and qualified pensioners. In a statement on Monday, July 13, GSIS said the...
Being a middle-class Generation Y breadwinner could be one of the most uncomfortable roles a Filipino could ever assume. To wear a millennial’s shoes means bearing the intergenerational demands of caring for your parents and rearing children, leaving you anxious about securing your retirement and...
PhilCare, one of the leading health maintenance organizations in the Philippines, is officially pivoting the local healthcare sector into the digital future. By integrating Verisk 's innovative Health Risk Rating Solution, the domestic HMO giant has successfully implemented a fully automated...
Three of the country’s largest business groups have backed the expansion of benefits provided by state-run Philippine Health Insurance Corp. (PhilHealth), but stressed that timely and complete premium payments are crucial to sustain the national health insurer’s finances and further widen...
The Government Service Insurance System (GSIS) expanded its investment in Citicore Renewable Energy Corp. (CREC) to ₱4.5 billion, completing a series of secondary-market purchases that finalized builder Megawide Construction Corp.’s exit from the solar producer. CREC disclosed to the...
The Government Service Insurance System (GSIS) expanded its Balik Ginhawa loan moratorium program to allow state workers and pensioners to claim cash refunds equivalent to up to six months of amortizations. Under the enhanced program, also known as Balik Ginhawa 2, qualified borrowers can recover...
The Government Service Insurance System (GSIS) set aside an initial ₱69.1 million in loss reserves to cover reported damages to government properties following the magnitude 7.8 earthquake that struck Mindanao. In a statement, GSIS said the state pension fund’s allocation follows a directive...
Philippine pre-need companies suffered a sharp contraction in earnings in the first three months of the year, as global market volatility erased the bulk of the industry’s investment returns. Based on the data released by the Insurance Commission on Wednesday, June 24, net income across the...
The Insurance Commission (IC) has ordered all regulated insurance entities to streamline their operations by expediting claim payments and relaxing strict documentation requirements for those hit by the magnitude 7.8 earthquake in Mindanao. The order, issued on Wednesday, June 17, activates...
The Philippine Health Insurance Corporation (PhilHealth) on Sunday, June 14, said it has reached out to the family of a deceased member and is coordinating with the hospitals involved after a viral social media post claimed that the patient was denied benefits because his confinement reportedly...
Local insurance sector is expected to escape severe financial strain following the destructive magnitude 7.8 earthquake in Mindanao, as significant portion of the country’s domestic property and infrastructure is uninsured. In a commentary published on Tuesday, June 9, global credit rating agency...
State-owned Government Service Insurance System (GSIS) has earmarked ₱15.1 billion in emergency financial relief to support over 608,000 members and retirees affected by the magnitude 7.8 earthquake in Mindanao. In a statement, Wick Veloso, GSIS president and general manager, announced the relief...
