Consumers of insurance products may expect a more robust protection as the Insurance Commission (IC) has entered into an agreement with National Privacy Commission (NPC) to advance the use of Privacy-Enhancing Technologies (PETs) in the industry. Other sectors covered in this enhanced protection...
Roberto B. Tan Roberto B. Tan, president and chief executive officer of the Philippine Deposit Insurance Corporation (PDIC), was elected to the Executive Council of the International Association of Deposit Insurers (IADI). Tan was elected during IADI's 23rd Annual General Meeting in Tokyo, Japan....
TOP STATE DEPOSIT INSURER — Top-ranked GOCC for corporate governance and performance. The Governance Commission for GOCCs recognized the Philippine Deposit Insurance Corp. (PDIC) as a top-ranked state deposit insurer in the 2023 Corporate Governance Scorecard. This acknowledgment was part of the...
Jose Arnulfo Veloso, president and general manager of the Government Service Insurance System (GSIS), was elected chairperson of the ASEAN Social Security Association (ASSA), tasked with leading efforts to bolster social security systems across Southeast Asia. "We gather at a pivotal moment when...
“The secret of getting ahead is getting started” – Mark Twain. With rising living costs, saving is tough for many Filipinos, especially minimum wage earners. Waiting for a higher income to save makes it harder to develop the habit. While income affects saving, low income shouldn't hinder...
President Marcos has urged farmers and fisherfolk in Isabela to enroll under the government's insurance program to protect their livelihood. In his speech during the distribution of certificates of land ownership award (CLOAs) and certificates of condonation with release of mortgage (COCROMs) in...
Pru Life UK continued its reign as the leading life insurer in the country in the third quarter of the year, driven by strong sales and premium income, data from the Insurance Commission (IC) showed. IC report showed that Pru Life UK achieved a total new business annual premium equivalent (NBAPE)...
The Department of Health (DOH) on Friday, Nov. 15, announced that the Benefits Committee (BenCom) of the Philippine Health Insurance Corporation (PhilHealth) has recommended to the Board en banc enhanced benefit packages for heart attacks, ten rare diseases, preventive oral health services in...
Pru Life UK launched the country’s first Islamic insurance lto provide financial inclusivity to many Muslim Filipinos and support the government’s goals to develop Islamic financing. Takaful, which means joint guarantee, is a Shari’ah-compliant insurance recently approved by the Insurance...
The Government Service Insurance System (GSIS) has launched its new Multi-Purpose Loan (MPL) Lite program, designed to provide members with quick and accessible financing for unexpected expenses or temporary budget shortfalls. In a statement, the GSIS said the MPL Lite offers loans ranging from...
Former Department of Interior and Local Government (DILG) Secretary Benjamin “Benhur” Abalos Jr. (Mark Balmores/MANILA BULLETIN) Former Department of Interior and Local Government (DILG) Secretary Benjamin “Benhur” Abalos Jr. is urging the...
State-owned Government Service Insurance System (GSIS) said it is closely monitoring typhoon-hit regions and will immediately offer loans to eligible members and pensioners once an area is declared under state of calamity. “GSIS is monitoring other areas in the Bicol Region, CALABARZON, MIMAROPA,...
