The Philippine Health Insurance Corporation (PhilHealth) approved an increase in the capitation rate for its “Konsulta” program to P1,700 per patient per year, the Department of Health (DOH) confirmed in a statement on Thursday, March 14. Photo from PhilHealth The PhilHealth board also approved...
The Insurance Commission (IC) announced that car owners can now claim twice the benefits in their mandatory motor insurance without any increase in premiums. In a statement on Tuesday, March 12, IC said that the regulator has updated the compulsory motor vehicle liability insurance (CMVLI) scheme...
Department of Health (DOH) Secretary Teodoro Herbosa on Tuesday, March 12 issued a directive to the Philippine Health Insurance Corporation (PhilHealth) to bolster the primary care benefits offered through its “Konsulta” benefit package across the country. (Photo from DOH) In line with...
Government Service Insurance System (GSIS) members and pensioners affected by the recent African Swine Fever (AFS) in Oriental Mindoro can now avail of an emergency loan. In a statement on Friday, March 8, GSIS said that the pension fund opened its emergency loan window valued at P428 million,...
FWD Life Insurance (FWD Philippines) has urged Filipinos to include insurance protection among their priorities and part of plans in building a better future. Roche Vandenberghe, FWD Philippines Chief Marketing and Digital Business Officer, stressed this as the company launched a new video campaign...
The Government Service Insurance System (GSIS) plans to secure new investment opportunities as part of its efforts to diversify and enhance long-term profitability. Wick Veloso, GSIS president and general manager said the fund has intensified its focus on alternative investments, including private...
With an expanding portfolio of insured properties from government agencies, the Government Service Insurance System (GSIS) has emerged as the largest non-life insurer in the country. Wick Veloso, GSIS president and general manager, said the pension fund's gross premiums written (GPW) for its...
The Philippine Health Insurance Corporation (PhilHealth) on Thursday, Feb. 8 warned the public against a fraudulent website that uses its name to offer users a financial loan. (PhilHealth) In a post on its official Facebook page, PhilHealth said it only provides immediate benefits and services for...
As the Philippines grapples with increasing healthcare costs, the government is gearing up to conduct a morbidity study aimed at determining reasonable premium rates for insurance companies. The Insurance Commission (IC) and the Actuarial Society of the Philippines (ASP) have joined forces to...
The Philippine Health Insurance Corporation (PhilHealth) declared on Thursday, Jan. 25, the extension of privileges related to ongoing systems optimization until Jan. 31. (PhilHealth) The announcement through PhilHealth Advisory No. 2023-0039 outlined changes that will come into effect on Feb. 1,...
The Department of Finance (DOF) has urged the Insurance Commission (IC) to develop new products aimed at addressing emerging challenges, notably climate change. Finance Secretary Ralph G. Recto said there is the need to develop new products, implement innovative solutions, and utilize new...
The Government Service Insurance System (GSIS) has announced its readiness to provide emergency loans to its members and pensioners in Mindanao who have been affected by heavy rainfall, leading to flash floods and landslides. In a statement, Wick Veloso, GSIS president and general manager, said...
