GROUP INSURANCE

Group Insurance is provided through a Master Policy issued to the company, school, lending institution, union or association with a minimum of 25 employees and/or members, who applies for insurance and becomes the policyholder. The policyholder negotiates with the insurance company in behalf of the individual insured members, and collects and remits their share of the premium, if any. The members are issued Certificates of Coverage under the Master Policy. Group Insurance being an essential low cost protection offers its market a convenient tool to provide a package of fringe benefits as part of their welfare and/or retirement programs for their employees or members.

FINANCIAL SECURITY FOR EMPLOYEES, STUDENTS & MEMBERS OF ASSOCIATIONS

A. Group Yearly Renewable Term - A low-cost group insurance issued on a one-year term basis. Premiums are determined at every policy anniversary.

B. Creditors Group Life Insurance - A special form of group term insurance issued to a creditor to provide for coverage to his debtors in the amount of their outstanding loan payable to the creditor in the event of the debtor's death before loans are fully repaid.

C. Group Student Personal Accident Plan (GSPA) - Especially designed for private school students, it provides coverage to students through a contract issued to the school.

D. Group Permanent Plan - Provides both death and maturity benefits. It also contains non-forfeiture values such as cash surrender value, paid-up insurance and extended term insurance.

E. Group Retirement Plan - Payable for 9 years or up to retirement age of employees at age 60, whichever comes first, in compliance with the provision of Republic Act No. 7641 mandating for retirement benefits for private employees.

F. Group Family Personal Accident - A personal accident plan covering the employees of a particular company or members of any organization as principal members and dependent spouse, children, parent brothers and sisters with medical reimbursement.

G. Fortune PRIMA - A Group Yearly Renewable Term (GYRT) program with indemnity for accidental loss of life or dismemberment of any part of the body that provides basic insurance protection and at the same time cash build-up available anytime while the policy is in force and in effect. This program is payable for a minimum period of 10 years and will mature after the 20 th policy year.