MEMBERSHIP UPDATE
Particular
Number
Total Insured Lives
144,382
Total Member Insured
42,591
GLIP Members (Including the Active Members)
Resigned
1,052
CLAIMS PAYMENT
Particular
Number of Individual
Amount
Basic Life Insurance Program
1,126
19,757,500.00
Death
1,122
19,652,500.00
TPD
4
105,000.00
Refund of Member’s Equity
1052
2,304,562.63
Credit Life Insurance Program
393
11.427.530.06
Loan Redemtion (Full Pay to Coop)
351
3,673,414.54
Load Refund (Refund to Member’s Benificary
GLIP CLAIM
GLIP NON-FORFEITURE
OTHER MEMBER'S BENEFIT
Particular
Number of Individual
Amount
Calamity Assitance
147
160,000.00
Scholarship Grantee
29
171,000.00
FINANCIAL HIGHLIGHTS AS OF DECEMBER 2019
Asset
117,814,506.49
Liabilities
66,083,360.99
Fund Balance
51,731,145.48