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It is designed to give Protection to all the family of the members and non-members of a cooperative.



Eligibility & Features
  • Yearly Renewable Term Insurance of at least Five (5) members of the family.
  • At least 18 and not more than 69 years old at last birthday (age at entry to the plan).
  • Members and non-members of the cooperative are eligible to apply.
  • Their legitimate CHILDREN from age 1 to 17 may also participate in the Plan.
  • If no minor children, the following are eligible for Children slots which entitled only to children benefits:
    • Parents, brothers and sisters of the Planholder/Member, and grandparents, uncles, aunts, and cousins up to the 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 Planholder/Member.

  • They must be in good health, able to perform the usual duties of their livelihood and not afflicted with life threatening diseases.
SCHEDULE OF BENEFITS (Face Amount @ PhP 5,000 increment from PhP 15,000 to PhP 100,000)
Incident/Benefits Amount Of Insurance
  Principal Spouse 3 Children
Life Insurance P 15,000.00 P 15,000.00 P 15,000.00/child
Accident Death & Dismemberment P 15,000.00 P 15,000.00 none
Cash Burial Benefits P 5,000.00 P 5,000.00 P 5,000.00/child
Hospital Confinement Daily Benefit (Sickness or Accident) P 200/day for 5 days of the current policy P 200/day for 5 days of the current policy P 200/day for 5 days of the current policy
Weekly Indemnity for Loss of Income due to Accident P 5/1,000 of coverage for 1 week of the current policy P 5/1,000 of coverage for 1 week of the current policy none
 
Schedule of Indemnity In the event of the child for 4 years old and below
Child’s Age at Death Company’s Liability
Less than one year 10% of the Sum Insured
One year or more, but less than two years 20% of the Sum Insured
Two years or more, but less than three years 40% of the sum Insured
Three years or more, but less than four years 60% of the Sum Insured
Four years or more, but less than five years 80% of the Sum Insured
Five years or more 100% of the Sum Insured
 
Schedule of Premium
FACE AMOUNT ANNUAL RATE SEMI-ANNUAL QUARTERLY
15,000.00 780.00 405.60 206.70
120,000.00 1,040.00 540.80 275.60
25,000.00 1,300.00 676.00 344.50
30,000.00 1,560.00 811.20 413.40
35,000.00 1,820.00 946.40 482.30
40,000.00 2,080.00 1,081.60 551.20
45,000.00 2,340.00 1,216.80 620.10
50,000.00 2,600.00 1,352.00 689.00
55,000.00 2,860.00 1,487.20 757.90
60,000.00 3,120.00 1,622.40 826.80
65,000.00 3,380.00 1,757.60 895.70
70,000.00 3,640.00 1,892.80 964.60
75,000.00 3,900.00 2,028.00 1,033.50
80,000.00 4,160.00 2,163.20 1,102.40
85,000.00 4,420.00 2,298.40 1,171.30
90,000.00 4,680.00 2,433.60 1,240.20
95,000.00 4,940.00 5,568.80 1,309.10
100,000.00 5,200.00 2,704.00 1,378.00
 
 
 
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