Basic Life Insurance Plan (BLIP) – a family life insurance product designed to protect the members and their legal dependents against loss of life. The maximum coverage is Php60,000.00 for accidental death or Php30,000.00 for natural death. The minimum coverage is Php10,000.00 for accidental death or Php2,500.00 for natural death. Premium Contribution is […]
Credit Life Insurance Life Plan (CLIP) or Loan Protection Plan – an insurance product specifically designed to pay in full the amount of loan of members in the event of death. The amount of insurance is equivalent to the amount loan. In the event of claim the paid portion (amount paid by […]
It is a limited pay whole life insurance plan which provides benefit to the member’s beneficiaries upon death. Whole Life – coverage up to age 100 Limited Pay – there is a fixed payment period. Even after this, the coverage continues Eligibility Uninterrupted membership under BLIP of at least five […]
