CLIFSA

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Coop Loan Protection Plan (CLPP)

A group term insurance that covers the loan obligation of the member/borrower of the cooperative/financial institution.

Benefits for the cooperative

Minimize loan payment delinquency due to member’s death.

Benefits for the member

Upon the death of borrower, his/her insured loan will be paid by CLIMBS; thus, reducing the beneficiary/ies’ financial burden.

Benefits	Coverage
Natural Death	Loan Face Amount
Benefits (RIDER)	Coverage (RIDER)
Accidental Death	Double the Loan Face Amount
Accidental Dismemberment	Various, per Schedule
Total & Permanent disability due to accident	LPP face amount

Features

✔

Loan Insurance Coverage for the Member-borrower of a Cooperative or Financial Institution.
✔

Premium is computed per thousand per month bases.
✔

Protection is usually co-terminus with the term of the loan.
✔

Maximum term of Thirty-six (36) months.

Effectivity

✔

The effectivity of the Loan Protection shall commence on the date the loan is release.

Eligibility

✔

Must be a member of the Cooperative or Financial Institution
✔

18-65 years old.
✔

For 66-69 years old, graduated rates are applied.
✔

In good health, mentally competent and physically able.

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Coop Life Savings Plan (CLSP)

A group term insurance that protects and encourage capital share and/or savings deposit build-up with the cooperative. CLSP intends to protect the coop member’s capital share and/or savings deposit, at the same time encourage them to build up more to ensure that their beneficiaries will receive not just their capital share and/or savings deposit in the cooperative, but also the coverage of same amount insured from CLIMBS in case of death.

Premium

The premium for CLSP is equivalent to one percent (1%) of the total share/savings of the member in the cooperative per year.

Effectivity

The protection offered by CLSP is co-terminus with the membership in the cooperative of the eligible member.
(The effectivity of the insurance of an eligible member commences on the month of the first premium remittance up to the period that the member withdraw his/her membership or is terminated from the cooperative or at the time of his/her death.)

Group Eligibility Requirements

✔

Registered entity with the Government
✔

The organization must have been operating for at least one (1) year
✔

100% Participation requirement but not less than 25 eligible members availing at the same time
✔

Group average age of 44 years old

Individual Eligibility Requirements

✔

Must be member-depositor of the cooperative
✔

Entry Age 18 to 65 years old
✔

Renewable up to 99 (continuous)
✔

Exit age is 100th Birthday
✔

In good health, mentally competent and physically able
✔

Maximum aggregate limit of 300,000 capital share per member

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Group Life and Accident with Fire Insurance (GLAFI)

A group term insurance that covers the loan obligation of the member/borrower of the cooperative/financial institution.

Features

✔

TERM OF PLAN: One (1) Year (Renewable)

Eligibility

✔

Must be 18 – 69 years old.
✔

Exit age is 70th Birthday
✔

Accident related benefits will end on 65th Birthday
✔

In good health, mentally competent and physically able.
✔

Member must have single policy per year per coop only.
✔

100% Participation requirement but not less than 25 eligible members.
✔

Maximum of three (3) policy per household only (for fire cash assistance).

Benefits	Coverage
Accidental Death & Dismemberment	50,000.00
Unprovoked Murder & Assault	25,000.00
Cash Burial Benefit due to Accident	15,000.00
Natural Death	15,000.00
Fire Cash Assistance	10,000.00
ANNUAL PREMIUM	300.00

Note: Fire cash assistance claim will still be based on the evaluation of your actual loss with a maximum limit stated in the schedule of benefit.

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Group Accidental Death, Dismemberment and Disablement Insurance (GADDDI)

A group accident insurance coverage with natural death and daily hospital confinement benefit.

Features

✔

TERM OF PLAN: One (1) Year (Renewable)

Eligibility

✔

Must be 18 – 69 years old.
✔

Exit age is 70th Birthday
✔

Accident related benefits will end on 65th Birthday
✔

In good health, mentally competent and physically able
✔

Group must choose only one (1) Option
✔

Member must have single policy per year per coop only
✔

100% Participation requirement but not less than 25 eligible members

Benefits	Option 1	Option 2	Option 3	Option 4
Accidental Death	50,000.00	100,000.00	200,000.00	300,000.00
Unprovoked Murder and Assault	25,000.00	50,000.00	100,000.00	150,000.00
Cash Burial Benefit (accident only)	7,500.00	15,000.00	30,000.00	45,000.00
Hospital Confinement Benefit due to accident (maximum of 30 days)	50.00/day	100.00/day	200.00/day	300.00/day
Natural Death	12,500.00	25,000.00	50,000.00	75,000.00
Indemnity for Loss of Income due to Accidental Total Disability (1 week only or 7 days max)	250.00/day	500.00/day	1,000.00/day	1,500.00/day
Indemnity for Loss of Income due to Accidental Partial Disability (1 week only or 7 days max)	62.50/day	125.00/day	250.00/day	375.00/day
ANNUAL PREMIUM	230.00	460.00	920.00	1,370.00

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Group Accidental Death, Dismemberment and Disablement Insurance - PLUS (GADDDI PLUS)

A group accident insurance coverage with natural death and burial expense benefit.

Features

✔

TERM OF PLAN: One (1) Year (Renewable)

Eligibility

✔

Must be 18 – 69 years old.
✔

✔

Exit age is 70th Birthday
✔

Accident related benefits will end on 65th Birthday
✔

In good health, mentally competent and physically able.
✔

Group must choose only one (1) Option
✔

Member must have single policy per year per coop only
✔

100% Participation requirement but not less than 25 eligible members

(It is understood that loss any extremity by dismemberment, i.e. hand, foot, big toe, refers to actual amputation or severance of extremity)

Benefits	Option 1	Option 2	Option 3	Option 4
Accidental Death	50,000.00	100,000.00	200,000.00	300,000.00
Unprovoked Murder and Assault	25,000.00	50,000.00	100,000.00	150,000.00
Accidental Disablement & Dismemberment Benefit	various, per schedule	various, per schedule	various, per schedule	various, per schedule
Natural Death	12,500.00	25,000.00	37,500.00	50,000.00
Burial Expenses Benefit	7,500.00	15,000.00	22,500.00	30,000.00
ANNUAL PREMIUM	250.00	500.00	800.00	1,000.00

In case the Burial Expenses receipts cannot be submitted only 50% of the benefit will be paid.

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Coop Family Plan (CFP)

A group yearly renewable term insurance that covers five (5) members of the family.

Eligibility

✔

Must be 18 – 69 years old.
✔

Exit age is 70th Birthday for Principal and Co-insured
✔

Accident related benefits will end on 65th Birthday
✔

Co-insured dependents who are one (1) year old and not more than 69 years old may also participate in the plan.
✔

The following are eligible for Children / Secondary Co-Insured slots & benefits:
•Parents, brothers and sisters of the Plan holder/Member, and grandparents, uncles, aunts, and cousins up to the 4th civil degree when shown that they belong to the same family household. In-laws are also eligible, provided, it can be shown that they belong to the same family household of the Plan holder/Member.
✔

In good health, mentally competent & physically able.

Other Provisions:

Sample of Eligible Dependents to enroll:

✔

Any co-insured dependent(s) should be declared upon application and cannot be declared again by another principal member.
✔

The coverage of the Co-insured Dependents will cease its effect if the person becomes a principal holder;
✔
✔
✔

Note: If any of thefamily are both member of the cooperative the CFP policy applies to one member only.
✔

In the event that the principal holder will die this policy will automatically be terminated.

	Single	Married	Single Parent
Primary	Parent Sibling	Spouse Child	Child #1
Secondary	Parent 2 Siblings	Child or Children Parents Siblings	Child #2,#3 & #4 Parents Siblings

SCHEDULE OF BENEFITS (Face Amount @ P5,000 increment from P15,000 to P100,000)

Benefits	Principal	Spouse/Primary Co-Insured	Children/Secondary Co-Insured
Life Insurance	15,000.00	15,000.00	15,000.00 / dependent
Accidental Death & Dismemberment	15,000.00	15,000.00	NONE
Cash Burial Benefits	5,000.00	5,000.00	5,000.00 / dependent
Hospital Confinement Daily Benefit (Sickness or Accident)	200/day for 5 days of the current policy	200/day for 5 days of the current policy	200/day for 5 days of the current policy / dependent
Weekly Indemnity for Loss of Income due to Accident	5/1,000 of coverage for 1 week of the current policy	5/1,000 of coverage for 1 week of the current policy	NONE
ANNUAL PREMIUM	780.00	780.00	780.00

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Kids and Youth Secure (KYSE)

A group yearly renewable term insurance for KIDS and YOUTH who are laboratory members of the cooperative or dependents of cooperative members.

Group Eligibility Requirements

✔

Minimum of 50 persons
✔

Only one (1) option per group

Individual Eligibility Requirements

✔

Must be a member of the laboratory coop or dependents of the cooperative members
✔

Must be 4 to 17 years old; Exit age is on the 18th birthday
✔

Single policy per member per coop per year only
✔

In good health, mentally competent & physically able

Benefits	Option 1	Option 2	Option 3
Natural Death	10,000.00	15,0000.00	20,000.00
Accidental Death	20,000.00	30,000.00	40,000.00
Cash Burial Benefit (Natural Cause Only)	2,000.00	3,000.00	4,000.00
Accidental Medical Reimbursement	2,000.00	3,000.00	4,000.00
ANNUAL PREMIUM	45.00	70.00	90.00

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Bantay Protection for Tanods and Security Guards

A group yearly renewable term insurance designed to provide protection for Barangay Tanods and Security Guards.

Individual Eligibility Requirements

✔

All regular, full-time and actively at work employees or workers
✔

18 to 64 years old
✔

In good health, mentally competent & physically able

Participation Requirements

✔

Since this is a group insurance, all qualified employees / workers are required to participate and enroll at the same time
✔

100% Participation requirement but not less than 25 eligible members

Benefits	Barangay Tanod (per unit)	Security Guard (per unit)
Life Insurance	10,000.00	10,000.00
Accidental Death and Dismemberment	N/A	10,000.00
Hospital Confinement Benefit (HCB) (natural or accident – max. of 10 days)	N/A	100.00 per day
ANNUAL PREMIUM	182.00	300.00
MAXIMUM UNITS	2	3

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Family Protection Plan (FPP)

A rider to Coop Loan Protection Plan (CLPP) to provide additional protection of the cooperative members dependents.

Eligibility Requirements

✔

Principal holder must have an active CLPP coverage of the cooperative.
✔

Age Eligibility:

Coop Members (Principal Holder)	18 to 69 years old
Spouse & Parents of Coop Members	18 to 69 years old
Children of Coop Members 2	4 to 17 years old

✔

Eligible Dependents to enroll:

	Single	Married	Single-Parent
Primary	Parent 1	Spouse	Child #1
Secondary	Parent 2	Children (3)	Child #2,#3 & #4

✔

Any co-insured dependent(s) should be declared upon application and cannot be declared again by another principal borrower.
✔

The coverage of the Co-insured Dependents will cease its effect if the person becomes a principal holder;
✔

In the event that the principal holder will die this policy will automatically be terminated.
✔

Non-medical, provided at the effectivity of insurance they are in good health, able to do their usual daily activities and not afflicted with life threatening diseases or terminal illnesses.
✔

Must fill-out the individual application form for insurance.
✔

Must be remitted together with the Coop Loan Protection Plan (CLPP).

Benefits	Primary Co-Insured	Secondary Co-Insured (Maximum of three (3) )
Life Insurance	10,000.00	5,000.00 each
MONTHLY PREMIUM	17.10	17.10
ANNUAL PREMIUM	190.00	190.00

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Prime Health Pro

http://primehealthpro.clifsa.com.ph/

Premium (Principal Members)

LEVELS	ROOM & BOARD	MAXIMUM BENEFIT LIMIT	ANNUAL PREMIUM PER PREMIUM	MONTHLY PREMIUM PER PREMIUM
Ages 18 - 65 y.o.	Ward	60,000	6,100	508.33
Ages 66 - 70 y.o.	Ward	60,000	12,733	1,061.08
Ages 71 - 75 y.o.	Ward	60,000	18,693	1,557.75

MBL: 60,000 * Per illness, per year

Ages: 18-65 years old	Ages: 66-70 years old	Ages: 71-75 years old

Premium: 6,100	Premium: 12,733	Premium: 18,693

In-patient Benefits
Out-Patient Benefits
Room & Board Accommodation
Emergency Care Services
Annual Physical Examination
Dental Benefit
Special Modalities
Diagnostic Modalities
Other Concessions
Therapeutic Modalities
Pre- existing Medical Condition COVERED
Financial Assistances thru Insurance

In-patient Benefits
Out-Patient Benefits
Room & Board Accommodation
Emergency Care Services
Annual Physical Examination
Dental Benefit
Special Modalities
Diagnostic Modalities
Other Concessions
Therapeutic Modalities
Pre- existing Medical Condition COVERED

In-patient Benefits
Out-Patient Benefits
Room & Board Accommodation
Emergency Care Services
Annual Physical Examination
Dental Benefit
Special Modalities
Diagnostic Modalities
Other Concessions
Therapeutic Modalities
Pre- existing Medical Condition COVERED
Financial Assistances thru Insurance

Life Insurance

Coop Loan Prote​​ction Plan (CLPP)

Benefits for the cooperative

Benefits for the member

Features

Effectivity

Eligibility

Coop Life Savings Plan (CLSP)

Premium

Effectivity

Group Eligibility Requirements

Individual Eligibility Requirements

Group Life and Accident with Fire Insurance (GLAFI)

Features

Eligibility

Group Accidental Death, Dismemberment and Disablement Insurance (GADDDI)

Features

Eligibility

Group Accidental Death, Dismemberment and Disablement Insurance - PLUS (GADDDI PLUS)

Features

Eligibility

Coop Family Plan (CFP)

Eligibility

Kids and Youth Secure (KYSE)

Group Eligibility Requirements

Individual Eligibility Requirements

Bantay Protection for Tanods and Security Guards

Individual Eligibility Requirements

Participation Requirements

Family Protection Plan (FPP)

Eligibility Requirements

Prime Health Pro

Premium (Principal Members)

Coop Loan Protection Plan (CLPP)