The insurance premiums of the state-run Government Service Insurance System (GSIS) jumped to 12 percent in the first quarter of 2024. The GSIS reported on Thursday, May 2, that their collected insurance premiums garnered P2.98 billion from January to March this year, which is higher than P2.65...
In light of the pertussis outbreak in Sta. Rosa City, Laguna, the Government Service Insurance System (GSIS) has set aside P178 million for emergency loans to assist members and pensioners directly affected by the situation. In a statement, the pension fund for government workers said the...
Over P13 billion worth of premiums were paid to microinsurance companies by the year-end 2023, increasing by 17.3 percent from P11 billion in 2002. The Insurance Commission said that the significant increase in premium collection could be attributed to the across-the-board increase in premium...
The Government Service Insurance System (GSIS) is encouraging pensioners to take advantage of the pension fund's online services, especially amid the extreme heat affecting the country. This announcement came after the weather bureau warned of unprecedented temperatures, reaching up to 46...
The Government Service Insurance System (GSIS) has allocated nearly P2.5 billion for emergency loans to support members and pensioners in Cavite and Occidental Mindoro. In a statement, the state-run pension fund said the emergency loan provision aims to assist members impacted by the pertussis...
The Insurance Commission (IC) has reinstated the two-tiered minimum insurance premium rates for catastrophe insurance products. Based on IC Circular Letter No. 2024-11, premium rates for earthquake risks now back at 0.10 percent, while for typhoons and floods, they are set again at 0.05 percent....
Insurance policyholders will soon have access to free legal assistance when they need to file a claim or complaint related to insurance, pre-need plans, or health maintenance organization (HMO) services. The Insurance Commission (IC) and the Integrated Bar of the Philippines (IBP) signed a...
The head of the Government Service Insurance System (GSIS) claimed that former Ombudsman Merceditas Gutierrez is ineligible to serve as a trustee due to not meeting the required qualifications at the time of her appointment. The GSIS President and General Manager Jose Arnulfo A. Veloso submitted...
The Government Service Insurance System (GSIS) announced plans to discontinue the issuance of the Unified Multi-purpose Identification (UMID) eCard by the end of May this year. Based a memorandum signed GSIS President and General Manager Jose Arnulfo A. Veloso dated April 2, 2024, the pension...
Health maintenance organization (HMO) Carehealth Plus Systems International has been placed under conservatorship by the Insurance Commission (IC) due to complaints of inability to provide claims. The IC said in a statement Monday, April 8 that Carehealth will be put under conservatorship to...
In light of the ongoing El Niño phenomenon, the Department of Budget and Management (DBM) has provided P900 million to cover crop insurance premiums for farmers and fisherfolk in the country. Budget Secretary Mina F. Pangandaman announced on Sunday, April 7, that the funding has been released to...
The Philippine Health Insurance Corporation (PhilHealth) announced that the PhilHealth Member Portal can now be accessed through the eGovPH Super App for “hassle-free” and “accessible” information. PhilHealth PhilHealth said it collaborated with the Department of Information and...
