In 2021 amid a crippling coronavirus pandemic, the Philippine Deposit Insurance Corporation (PDIC) revised its vision to enhance its effectiveness. The revised vision states: “By 2023, the PDIC will be a leading institution in governance, recognized for its operational excellence in depositor...
Paranaque City Mayor Edwin Olivarez advised students aged 21 years-old to secure PhilHealth in preparation for face-to-face classes (F2F). Olivarez said the Paranaque Health Plan Office located at the ground floor of the Paranaque City Hall came out with an advisory on April 4 on how to secure...
How about an unemployment insurance program for the benefit for Filipinos who lost their jobs? Jinggoy Estrada That's what UniTeam senatorial candidate Jinggoy Estrada plans to create via legislation if and when he wins in the upcoming May 9 polls. He specifically said that he would push for an...
Two foreign-led insurers are set to enter the Philippine market, the Insurance Commission (IC) announced. Without naming names, Insurance Commissioner Dennis B. Funa said they are now processing the applications of the two new entrants coming from a Southeast Asian conglomerate. “We will announce...
Although COVID-19 restrictions have been remarkably downgraded, not everyone is venturing outdoors. Most Filipinos still work from home, attend online classes, or stay indoors. While being at home generally protects people from the virus, the chance of injuries from accidents remains just as...
The time spent in settling insurance claims and resolving loan accounts in closed banks was significantly reduced following the Philippine Deposit Insurance Corp.’s (PDIC) shift to digital platforms, the Department of Finance (DOF) said. Roberto B. Tan, PDIC president and chief executive officer...
PhilHealth, PCIC accounting norms monitored By Chino S. Leyco The Insurance Commission (IC) is closely monitoring the compliance of the Philippine Health Insurance Corp. (PhilHealth) and the Philippine Crop Insurance Corp. (PCIC) with the directive of the Department of Finance (DOF) to adopt...
Healthcare benefits and claims rose by 25 percent from October to December last year amid the prolonged pandemic, the Insurance Commission reported on Friday, March 25. In a statement, Insurance Commissioner Dennis B. Funa said health maintenance organizations (HMOs) paid P32.72 billion in benefits...
BAGUIO CITY—After successfully staging its 11th edition recently, the LBC Ronda Pilipinas will go back to the Visayas and Mindanao for another encore next year. “We are happy to announce that there will be an LBC Ronda Pilipinas next year and LBC is looking at Visayas and Mindanao as venues,”...
Loan releases by State-run Government Service Insurance System (GSIS), the pension fund for government workers, jumped to P151 billion in 2021, driven mainly by support to members who have reached borrowing limit and unable to pay loans. In a statement, Rolando Ledesma Macasaet, GSIS president and...
The Life Underwriters Association of the Philippines (LUAP) launched its first-ever national awards program for the country’s top life insurance advisors and companies. In partnership with the Insurance Commission (IC), LUAP unveiled the Philippine Life Insurance Agents Awards (PhilLIAA). A...
TARLAC CITY—Ronald Oranza of Navy Standard Insurance goes all out to protect the overall lead he grabbed following a scintillating Stage Six performance as the 11th LBC Ronda Pilipinas approaches its final four stages including Thursday's Stage Seven that starts here and ends in Baler, Aurora....
