The bill seeking to amend provisions in the Philippine Deposit Insurance Corporation’s (PDIC) Charter is now up for Senate plenary discussions. Senator Sonny Angara, who chairs the Senate Finance Committee, on Wednesday night (Aug. 25), has sponsored Committee Report No. 287 on Senate Bill No....
The Philippine Health Insurance Corp., commonly known as PhilHealth, may need to revise its coverage as the state-run company struggles to pay off its debt, the government’s chief economic manager said. PhilHealth Finance Secretary Carlos G. Dominguez III said that PhilHealth’s massive spending...
Insular Life (InLife) has assured its policyholders that claims and benefits due will be adequately provided as the country continues to reel from the effects of the coronavirus pandemic. InLife President and CEO Raoul E. Littaua In a statement, Raoul E. Littaua, InLife president and chief...
The Insurance Commission (IC) wants to remove variable insurance products from the list of mutual fund schemes to avoid increasing costs for consumers and defeating the goal of financial inclusion for all Filipinos. Sec. Dominguez and Comm. Funa In a letter to Finance Secretary and Capital Market...
The Philippine Hospital Association (PHA) on Monday, Aug. 9, said it is set to have a meeting with the Philippine Health Insurance Corporation (PhilHealth) on Tuesday to discuss "uncertainties" regarding the coverage for coronavirus disease (COVID-19) patients. (Photo from Unsplash) Speaking to GMA...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) has assured that it is now working to address the complaints of hospitals in claims processing delays. Citing its records, PhilHealth said it has already paid a total of...
Malayan Insurance Co., Inc. remains ahead in the non-life business as global insurance ratings firm A.M. Best improved the local insurer’s credit rating outlook to “stable.” Despite the global pandemic and its effects on the Philippine economy, the Yuchengco-led insurance company said it...
Uncertainties caused by COVID-19 have driven more Filipinos to save extra, but they do it without careful planning, a survey commissioned by Hong Kong-based AIA Group Limited revealed on Tuesday, July 20. Based on AIA’s Save Smarter Study 2021, the survey showed that fear and insecurity arising...
Some 16 local and foreign business groups have strongly urged for the immediate enactment of the proposed Financial Consumer Protection (FCP) Act, which seeks to protect consumers amidst the growing complexity in financial services, especially digital services. In a statement the business group...
British life insurer Pru Life UK has entered into a partnership with pharmaceutical firm AstraZeneca and two local healthcare providers to offer a group insurance package for companies and their employees. In a statement, Pru Life UK announced on Wednesday, July 7, that it partnered with British...
Philippine Health Insurance Corporation (PhilHealth) (MANILA BULLETIN) The Philippine Health Insurance Corporation (PhilHealth) is eyeing to adjust the case rate for its coronavirus disease (COVID-19) benefit package. PhilHealth Spokesperson Shirley Domingo said that they will soon implement the...
State-owned Government Service Insurance System (GSIS) said its multi-purpose loan disbursements hit P65 billion since its launching nine-months ago. Rolando Ledesma Macasaet, GSIS president and general manager, said on Friday, June 25, that the pension fund’s multi-purpose loan facility has also...
