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...
Amid the numerous cyberattacks that government agencies suffered from in the past weeks, Sen. Alan Peter Cayetano floated the idea of providing reward money for catching perpetrators behind cyberattacks provided that there's a stiff penalty for it. Sen. Alan Peter Cayetano suggests that the...
State-run Government Service Insurance System (GSIS) has launched a new condonation and restructuring program with longer and affordable payment terms. In a statement, the pension fund for government workers said the Restructuring Program for Service Loans (RPSL) would benefit GSIS' former members,...
State-run Government Service Insurance System (GSIS) released a memorandum circular concerning revised check replacement policies. According to GSIS' memorandum circular -49-2023, the Policy and Procedural Guidelines (PPG) would cover all claims or refunds as well as miscellaneous checks. This also...
Senators have called on government agencies to provide stronger cybersecurity measures to prevent attacks such as what happened to the Philippine Health Insurance Corporation (PhilHealth). Sen. Grace Poe said that any cyber attack is unacceptable, especially against government data systems. "As...
Vice President and Education Secretary Sara Duterte on Thursday, Oct. 5, said that a Personal Accident Insurance policy is now active for all teachers and personnel of the Department of Education (DepEd) as she works in her concurrent capacity as Education chief to address the challenges faced by...
Land titles from the state-run Government Service Insurance System (GSIS) were given to at least 70 beneficiaries under the Pabahay sa Bagong Bayaning Manggagawa (PBBM) initiative. The PBBM initiative is a GSIS housing program that was introduced last May. It is a three-tiered strategy to support...
The health maintenance organization (HMO) industry recorded a net loss in the first half of the year, reversing the previous year's profit, data from the Insurance Commission (IC) showed. According to the recently released IC report, the HMO sector registered losses amounting to P1.186 billion from...
Car owners with comprehensive insurance for their motor vehicles are not required to buy compulsory third-party liability (CTPL) coverage when registering with the Land Transportation Office (LTO). Insurance Commissioner Reynaldo A. Regalado said comprehensive insurance coverage should meet the...
State-owned Government Service Insurance System (GSIS) has introduced a loan program for teachers with longer payment terms and lower interest rates. In a statement on Tuesday, Sept. 26, GSIS President and General Manager Wick Veloso said that this initiative aligns with the Department of...
Sen. Mark Villar called on the Senate to conduct an inquiry in aid of legislation following a recent cyberattack against the Philippine Health Insurance Corporation (PhilHealth) and all the other attacks against government websites. Villar filed Resolution No. 811 before the Senate directing...
