The Public Safety Mutual Benefit Fund, Inc. (PSMBFI) and the Metropolitan Manila Development Authority (MMDA) have signed an agreement, allowing PSMBFI to offer membership and life insurance coverage to MMDA personnel.
The Memorandum of Agreement (MOA) was signed by PSMBFI Chairman Leonardo A Espina and MMDA Chairman Francis N Tolentino, and witnessed by PSMBFI President Mario A Avenido and MMDA Assistant General Manager for Finance and Administration Edenison F Fainsan. The MOA Signing was held last July 3, 2015 in Ortigas, Pasig City and was attended by the directors and executives from both institutions.
PSMBFI is a life insurance provider for public safety practitioners. Aside from the personnel from the MMDA, PSMBFI also insures uniformed and civilian employees from the Philippine National Police, the Bureau of Fire Protection, Philippine Coast Guard, Office of Transportation Security, National Mapping and Resource Information Authority, National Police Commission and the cadets from the Philippine National Police Academy.