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....
Insurance claims related to the pandemic reached P16.71 billion in the past two years, with life coverages accounting for more than half of the payouts, the Department of Finance (DOF) said. In a report to Finance Secretary Carlos G. Dominguez III, the Insurance Commission said 23 percent or P3.89...
Arriving foreign tourists are required to present a travel and health insurance policy for Covid-19 with a minimum coverage of $35,000. PIXABAY / MANILA BULLETIN This was reiterated by Presidential Communications secretary and acting presidential spokesperson Martin Andanar in a virtual Palace...
AIA Philippines, formerly AIA Philam Life, is seeking thousands of its policyholders and beneficiaries who have yet to claim their benefits ranging from policy maturities, reinstatements, claims, redemptions, and even refunds. In a statement, AIA Philippines said on Tuesday, March 8, that there are...
Despite uncertainties amid the pandemic, the Government Service Insurance System (GSIS) said its investment fund expanded last year on the back of “well-positioned” foreign currency denominated portfolio. Rolando Ledesma Macasaet, GSIS president and general manager, said on Friday, March 4,...
