The Philippines has officially rolled out a comprehensive insurance coverage aimed at protecting the country from infrastructure losses caused by natural disasters, the Bureau of the Treasury announced. In a statement, Treasury Officer-in-Charge Sharon P. Almanza said the National Indemnity...
The Government Service Insurance System (GSIS) said that the relatives of deceased pensioners who had availed of the Choice of Loan Amortization Schedule for Pensioners (CLASP) are not obliged to settle the remaining loan balance. In a virtual briefing on Tuesday, Dec. 19, Wick Veloso, GSIS...
State-run Government Service Insurance System (GSIS) has invested in renewable energy firm Alternergy Holdings Corp. to speed up the development of wind power projects in Rizal and Quezon. In a disclosure to the Philippine Stock Exchange on Tuesday, Dec. 19, Alternergy stated that the pension fund...
The Government Service Insurance System (GSIS) said it will offer fire insurance coverage for public school buildings under the Department of Education (DepEd) nationwide. Wick Veloso, GSIS president and general manager, said the pension fund will extend coverage to over 132,000...
The Insurance Commission (IC) reported on Wednesday, Dec. 13, that pre-need companies bounced back from the high benefit claims the industry experienced last year. In a statement, IC said that the pre-need industry reported a net income of P1.79 billion from January to September this year, marking...
The insurance industry in the country experienced an increase of 9.38 percent to P38.28 billion during the third quarter on the back of a surge in life and non-life segments. The latest data released by the Insurance Commission (IC) showed that the industry's net income increased from July to...
(Unsplash) Increasing PhilHealth's benefit packages to 30 percent across the board would be the 'best Christmas gift ever" to Filipinos. AGRI Party-list Rep. Wilbert T. Lee had this to say Monday, Dec. 4, or just 10 days ahead of the scheduled meeting...
Malayan Insurance Co., Inc., the country's leading non-life insurance company, has partnered with ISLA Gas Partnership, makers of Solane LPG, to offer Filipinos free personal accident and fire assistance coverage for three months through its early Christmas offer, the Solane Conversion Promo. This...
Saving money is a smart way to achieve goals and secure the future. But without the right mindsets, it can be very challenging. “ Your beliefs become your thoughts Your thoughts become your words Your words become your actions Your actions become your habits Your habits become your values...
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...
