The Government Service Insurance System (GSIS) partnered with the Japan International Cooperation Agency (JICA) to enhance the safeguarding of public properties and assets from disasters. In a statement, Wick Veloso, GSIS president and general manager, said the pension fund has finalized a...
State-owned Government Service Insurance System (GSIS) has issued guidelines for providing emergency loans (EL) to both active members and pensioners. In a memorandum dated Nov. 22, 2023, GSIS said eligible borrowers may receive emergency loans worth P20,000, and those with existing EL accounts who...
The Government Service Insurance System (GSIS) announced it has opened its emergency loan program for members and pensioners affected by the earthquake in two regions in Mindanao. In a statement, Wick Veloso, GSIS president and general manager said a total of 171,341 members and 27,962 pensioners...
Three state-run banks and insurance corporations received the highest ratings for corporate governance in 2022 from the Governance Commission of GOCCs (GCG). During the Government-owned and Controlled Corporations (GOCC) governance awards on Monday, Nov. 20, the Land Bank of the Philippines...
The Government Service Insurance System (GSIS) has announced that it will begin distributing Christmas cash gifts to its old-age and disability pensioners on Dec. 6. In a statement, Wick Veloso, GSIS president and general manager said the pension fund has allocated a total of more than P3.47...
The Government Service Insurance System (GSIS) reported a surge in interest for its Multi-Purpose Loan Flex (MPL Flex) Program that offers public school teachers and other members the opportunity to access loans at a low interest rate. In a Facebook post on Friday, Nov. 10, the pension fund for...
President Marcos has named the former Chairman of Century Rural Bank Inc., Rodolfo Del Rosario Jr., the new Government Service Insurance System (GSIS) chairman. Rodolfo Del Rosario Jr. (Rodolfo Del Rosario - RDR Jr/Facebook) This was bared in a Facebook post by the Presidential Communications...
The pre-need industry’s net income surged to P11.21 billion in the first half of the year amid an increase in the number of memorial plans sold, the Insurance Commission (IC) said. According to IC data, this was a 9.45 percent increase collected from January to June last year. The commission said...
State-run Government Service Insurance System (GSIS) has invested in publicly listed Alternergy Holdings Corp., a renewable power pioneer known for its profitability and clean energy vision. In a statement on Tuesday, Nov. 7, the pension fund for government workers said a total of P1.45 billion was...
Senator Sherwin Gatchalian on Sunday, November 5 urged state regulators to strengthen mechanisms for consumer protection amid the continuing proliferation of online fraudulent activities especially with the onset of the Christmas season. Gatchalian, in particular, urged the...
Over P100 billion will be spent on the government’s national health insurance Program next year, the Department of Budget and Management (DBM) said Friday, Oct. 27. Budget Secretary Amenah F. Pangandaman said a total of P101.51 billion budget will be allocated to the Philippine Health Insurance...
Micro-insurance companies collected over P6.7 billion worth of premiums in the second quarter this year, surging by 22.7 percent from P5.5 billion in the same period last year. Latest data released by the Insurance Commission (IC) showed that the number of lives insured under micro-insurance...
