State-owned Government Service Insurance System (GSIS) reported record loan disbursements totaling P289 billion last year, providing financial support to over 1.2 million government employees. In a statement, Wick Veloso, GSIS president and general manager, said the strong loan releases were driven...
Filipino depositors have no cause for alarm as the banking system remains stable following the Philippine Deposit Insurance Corporation's (PDIC) remittance of P107.23 billion to the Bureau of Treasury (BTr), according to the state deposit insurer's chief. During the bankers' night hosted by the...
Medical costs in the country are projected to rise by double digits for the third consecutive year due to increased use of health services, rising costs for hospitals and clinics, higher professional fees for medical practitioners, and a greater prevalence of diseases. According to the WTW Global...
State-run Government Service Insurance System (GSIS) has allocated nearly P8.6 billion in emergency loans to assist 363,547 active members and old-age and disability pensioners affected by recent typhoons. In a statement, GSIS said the emergency loan program is open to active members and pensioners...
Security Bank Corporation has assumed management of three FWD Life Insurance Variable Life (VL) funds to offer customers integrated financial solutions that blend life insurance benefits with professionally managed investments. Security Bank, in a Dec. 20 statement, reported that the three VL...
The Government Service Insurance System (GSIS) awarded a grand total of P1.5 million in prizes to 300 members and pensioners during its annual Christmas raffle draw. GSIS reported that a total of P1.5 million was distributed, with 210 active members and 90 pensioners each receiving P5,000. Wick...
Although the Philippine Health Insurance Corp. (PhilHealth) was "taught a lesson" with its zero-subsidy budget, Senator Pia Cayetano expressed her belief that that the action still violated the law. (Photo from the Office of Senator Pia Cayetano) "So siguro naturuan nga ng leksyon (So perhaps we...
The Government Service Insurance System (GSIS) is giving away P1.5 million in a raffle this holiday season to thank its members and pensioners and encourage them to use the GSIS Touch mobile app. The raffle, called "GSIS Touch and Win," will be held on Dec. 17, according to a statement from...
The PhilHealth Benefits Development Planning Protocol has been awarded with the “Continuous Improvement Recognition” during the recently concluded 41st ASEAN Social Security Association (ASSA) meetings. The Benefits Development Planning Protocol was acknowledged for its significant...
The Philippine Health Insurance Corp. (PhilHealth) will get zero subsidy in the P6.352-trillion 2025 national budget. This was according to Senate Finance Committee Chair Senator Grace Poe, citing that they still have their P600 billion reserve fund. "Nakita natin PhilHealth, yung subsidiya na...
The Government Service Insurance System (GSIS) has allocated over P514 million for emergency loans to aid members affected by recent typhoons in Luzon. With over half a billion allocation, the program is seen to benefit 23,469 active members and old-age/disability pensioners residing or working in...
The Government Service Insurance System (GSIS) is set to release P3.7 billion in Christmas cash gifts to eligible pensioners starting Thursday, Dec. 5, two days earlier than the regular December pension schedule, to help them prepare for the holidays. Wick Veloso, GSIS president and general...
