Insurance Claims/Benefits
Your membership with PSMBFI is anchored in the Members Equity Plan (MEP)—our core insurance program designed to protect and empower you throughout your career in public safety. Through MEP, you contribute just 3% of your base pay and, in return, receive comprehensive life insurance coverage for you and your beneficiaries. Beyond protection, MEP also helps you grow your personal savings by building your Equity Value over time—so every contribution works twice as hard for your future.
Who Is This For?
The Members Equity Plan is for all active public safety practitioners—uniformed and civilian personnel serving in the Philippine National Police (PNP), Bureau of Fire Protection (BFP), and other public safety agencies. Whether you are newly commissioned or a seasoned officer, MEP is the foundation of your PSMBFI membership and the gateway to all the benefits and programs the association provides.
Key Benefits
- Life Insurance Protection You Can Count On. From the moment you enroll in MEP, you and your designated beneficiaries are covered by life insurance. In the event of your passing, your loved ones receive the full insurance benefit—providing them with financial security when they need it most. Your coverage scales with your contribution, ensuring that the protection grows alongside your career.
- Build Your Equity Value with Every Contribution. MEP is more than insurance—it is a savings vehicle. A portion of your monthly 3% contribution goes toward building your Equity Value, which accumulates over the course of your membership. This growing fund represents your personal stake in PSMBFI, giving you a tangible financial asset that rewards your loyalty and long-term commitment.
- Automatic Coverage. At just 3% of your base pay, MEP makes comprehensive life insurance accessible to every member—regardless of rank or salary grade. Contributions are automatically deducted, so there are no missed payments, no lapsed coverage, and no additional paperwork. You stay protected without having to think about it.
Secure Your Future Today
Don’t wait to protect what matters most. Enroll in the Members Equity Plan today, start building your insurance coverage and Equity Value from day one. Visit your nearest PSMBFI office or contact your agency’s PSMBFI coordinator to learn more about your contribution schedule, coverage amounts, and the full range of member benefits available to you. The sooner you start, the more you stand to gain.
Highly Recommended
1. Turn Your Equity Value into an Accessible Source of Financial Strength
Your Equity Value is more than just accumulated savings—it is a financial asset that grows along side your membership. When major expenses arise, you can leverage your Equity Value as collateral for member loans, allowing you to access funds at favorable rates without turning to high-interest lenders, credit cards, or informal borrowing schemes. Whether you are financing home improvements, family celebrations, vehicle repairs, or other important needs, your Equity Value provides a practical and affordable source of financing while keeping your insurance protection and membership benefits intact.
2. Bring Your Family Closer to the Dream of Homeownership
For many police officers, owning a safe and comfortable home is one of life’s most important goals. Your accumulated Equity Value can help bridge the financial gap by serving as a source of funds for housing equity requirements, down payments, processing fees, or initial amortization payments under Pag-IBIG, bank-financed, or in-house housing programs. Instead of postponing your family’s dream home due to lack of upfront funds, your Equity Value can help transform years of service and disciplined contributions into a tangible investment that benefits your loved ones for generations.
3. Secure Better Educational Opportunities for Your Children
Education remains one of the most meaningful legacies a parent can provide. Your Equity Value can serve as a readily available education fund that helps support your children’s academic journey—from enrollment fees and tuition payments to books, school supplies, gadgets, board and lodging expenses, review classes, and graduation requirements. Whether your child is entering senior high school, vocational training, or college, your accumulated Equity Value can help ensure that financial challenges do not stand in the way of their future success.
4. A Financial Cushion When Emergencies Cannot Wait
Police service often involves unpredictable assignments and unexpected personal challenges. Medical emergencies, family crises, natural disasters, and urgent household expenses can arise without warning. Your Equity Value serves as an emergency financial reserve that can be accessed when immediate funds are needed, helping you respond to life’s uncertainties without disrupting your family’s financial stability. Instead of relying on costly emergency loans or borrowing from multiple sources, you can draw from a resource that you have steadily built through your membership.
5. Reliable Support During Reassignment and Relocation
Transfers and reassignments are a normal part of police service, but they often come with significant expenses. Transportation costs, temporary housing, moving household belongings, school transfers for children, and other transition-related expenses can place pressure on family finances. Your Equity Value can help ease these burdens by providing readily available funds during relocation periods, allowing you to focus on your new assignment while ensuring your family’s needs continue to be met throughout the transition.
6. Additional Financial Relief During Times of Loss and Bereavement
The loss of a loved one can create both emotional and financial strain for a family. While insurance benefits provide valuable support, immediate expenses often arise before claims are fully processed. By combining your MEP benefits with PSMBFI’s mortuary and bereavement assistance programs, families gain access to timely financial support for funeral arrangements, wake expenses, transportation, burial costs, and urgent household needs. This additional layer of assistance helps relieve financial stress during a difficult period, allowing families to focus on honoring and remembering their loved one.
7. Strengthen Your Retirement Readiness Beyond Government Benefits
Retirement marks the beginning of a new chapter after years of dedicated public service. While GSIS retirement benefits, gratuities, and separation pay provide an important foundation, many members seek additional financial resources to support their desired retirement lifestyle. Your accumulated Equity Value can serve as a valuable supplemental retirement fund that helps cover living expenses, healthcare needs, business ventures, home improvements, travel plans, or other personal goals. It provides added financial flexibility and confidence, allowing you to transition into retirement with greater security and peace of mind.
8. A Reward for Years of Commitment and Financial Discipline
Every contribution made to your MEP account represents a step toward greater financial security. Unlike expenses that provide only short-term benefits, your Equity Value grows over time and remains a tangible reflection of your commitment to protecting your future and your family’s welfare. It is a benefit that rewards long-term membership, responsible financial planning, and sustained service, giving members a sense of accomplishment knowing they have built a financial resource they can rely on when it matters most.
9. Financial Security That Grows with Every Stage of Your Career
Whether you are a newly appointed police officer, a mid-career supervisor, or a senior officer approaching retirement, your Equity Value adapts to your changing financial needs. It can support major life milestones such as marriage, homeownership, children’s education, family emergencies, retirement planning, and legacy-building. This flexibility makes MEP more than just a protection program—it becomes a lifelong financial partner that helps members navigate both opportunities and challenges throughout their public safety career.
10. Peace of Mind for You and Confidence for Your Family
Perhaps the greatest value of Equity Value accumulation is the peace of mind it provides. Knowing that you have built a financial reserve through your membership allows you to face life’s uncertainties with greater confidence. It reassures your spouse, children, and dependents that resources are available when needed, helping strengthen your family’s overall financial resilience. In a profession dedicated to protecting others, MEP helps ensure that the protectors themselves—and the families they serve for—have a dependable source of financial support for the future.
Insurance Plans
SCHEDULE OF BENEFITS FOR PNP
UNIFORMED PERSONNEL
| Rank | 3% Of Base Pay | Basic Life Insurance Coverage | Accidental Death Benefit |
|---|---|---|---|
| Police General | 4,493.55 | 2,212,130.28 | 4,430,260.56 |
| Police Lieutenant General | 3,767.22 | 1,857,080.28 | 3,714,160.56 |
| Police Major General | 3,086.88 | 1,521,701.40 | 3,043,402.80 |
| Police Colonel | 2,417.49 | 1,191,720.42 | 2,383,440.84 |
| Police Lieutenant Colonel | 2,139.39 | 1,054,628.87 | 2,109,257.74 |
| Police Major | 1,876.65 | 925,109.15 | 1.850.218.30 |
| Police Captain | 1,697.46 | 836,776.05 | 1,673,552.10 |
| Police Lieutenant | 1,485.84 | 732,456.33 | 1,464,912.66 |
| Police Exec Master Sergeant/CADET | 1,150.98 | 567,384.50 | 1,134,769.00 |
| Police Sr. Master Sergeant | 1,022.37 | 503,985.21 | 1,007,970.42 |
| Police Master Sergeant | 1,002.33 | 494,106.33 | 988,212.66 |
| Police Staff Sergeant | 963.42 | 474,925.35 | 949,850.70 |
| Police Corporal | 926.01 | 456,483.80 | 912,967.60 |
| Patrolman/Patrolwoman | 890.04 | 438,752.11 | 877,504.22 |
*For deaths caused by accident, the beneficiaries receive an additional amount equivalent to 100% of a member’s life insurance.
SCHEDULE OF BENEFITS FOR PNP
NON-UNIFORMED PERSONNEL AND CIVILIAN EMPLOYEES
| MONTHLY CONTRIBUTION (PHP) | DEATH BENEFIT (PHP) | ACCIDENTAL DEATH BENEFIT (PHP) |
|---|---|---|
| 100.00 | 53,846.15 | 107,692.30 |
| 200.00 | 107,692.31 | 215,384.62 |
| 300.00 | 161,538.46 | 323,076.92 |
| 400.00 | 215,384.62 | 430,769.24 |
| 500.00 | 269,230.77 | 538,461.54 |
| 600.00 | 323,076.92 | 646,153.84 |
| 700.00 | 376,923.08 | 753,846.16 |
| 800.00 | 430,469.23 | 861,538.46 |
| 900.00 | 484,615.38 | 969,230.76 |
| 1,000.00 | 538,461.53 | 1,076,923.06 |
*For deaths caused by accident, the beneficiaries receive an additional amount equivalent to 100% of a member’s life insurance.
OTHER INSURANCE PLANS
THE BASIC GROUP TERM PLAN
The Basic Group Term Plan allows a member to boost his/her insurance coverage at a minimal cost. In case of accidental death, the beneficiaries receive an amount equivalent to 100% of the member’s BGTP coverage.
| RANK | MONTHLY PREMIUM |
INSURANCE COVERAGE |
ACCIDENTAL DEATH COVERAGE |
|---|---|---|---|
| PLTCOL – PGEN | 60.00 | 80,000.00 | 160,000.00 |
| PLT – PMAJ | 50.00 | 70,000.00 | 140,000.00 |
| PMSG – PEMS | 30.00 | 40,000.00 | 80,000.00 |
| PAT – PSSG | 25.00 | 35,000.00 | 70,000.00 |
THE BURIAL ASSISTANCE BENEFIT
The proceeds of the Burial Assistance Benefit (BAB or PSMBFI MEM) forms part of the Cash Advance which is given to the beneficiaries upon the member’s death.
| MONTHLY PREMIUM | INSURANCE COVERAGE |
|---|---|
| 32.00 | 42,000.00 |
| 16.00 | 21,000.00 |
ENDOWMENT AT 56
The Endowment at 56 (E-56) is one of PSMBFI’s most valuable retirement planning tools—combining insurance protection with long-term savings to help you prepare for life after active service. Designed to bridge the financial gap between retirement at age 56 and the start of your monthly pension, the E-56 ensures that you have a reliable source of income during this critical transition period.
Who Is This For?
The Endowment at 56 is available to all active PSMBFI members aged 21 to 50—public safety practitioners serving across the Philippine National Police (PNP), Bureau of Fire Protection (BFP), and other public safety agencies. Whether you are early in your career or approaching mid-service, the E-56 gives you a head start on securing your retirement. Coverage takes effect upon payment of your first monthly premium, so there is no waiting period to begin building your future.
Key Benefits
- Dual Protection: Insurance and Savings in One Plan. The E-56 combines life insurance coverage with a disciplined savings component, allowing you to build your retirement fund while enjoying full insurance protection throughout the paying period. Upon reaching age 56, you may choose to receive your sum assured either as a lumpsum or in monthly installments—giving you the flexibility to manage your finances according to your personal needs.
- Financial Bridge During the Post-Retirement Gap. For public safety personnel, the transition from active service to pension receipt can span up to three years. The E-56 is specifically designed to cover this gap, ensuring that you have financial support from the moment you retire until your monthly pension from the PNP begins. Should the unexpected occur during the paying period, the full sum assured is released to your designated beneficiaries—protecting your family at every stage.
- Flexible Coverage with Optional Riders. With a minimum monthly premium of just P350.00 and a sum assured that can reach up to P3 million, the E-56 is designed to fit a range of budgets and retirement goals. You may also enhance your coverage with the Accidental Death Benefit (ADB) rider for additional cash benefits in the event of accidental death, or the Waiver of Premium Due to Disability (WPD) rider, which waives future premiums if you suffer total and permanent disability due to sickness or accident.
Invest in Your Retirement Today
The earlier you enroll in the E-56, the more time your savings have to grow—and the greater the financial cushion you build for your post-service years. Don’t wait until retirement is around the corner. Visit your nearest PSMBFI office or contact your agency’s PSMBFI coordinator to learn more about premium schedules, coverage options, and how the E-56 can work alongside your other PSMBFI benefits. Your future self will thank you.
Highly Recommended
- Funding Children’s College Education. If you enroll in your late 20s or early 30s, your E-56 maturity lands precisely when your children are entering college—the very season every parent quietly worries about. Picture handing your son or daughter a fully funded enrollment slip on their first day at UP, PUP, or any premier institution, with tuition, board and lodging, books, laptop, and monthly allowance already provided for. No co-borrowed student loans, no last-minute scrambling for matriculation fees, no need to touch your monthly pension. The E-56 becomes the diploma fund you built for them years before they even knew they would need it—a parent’s love expressed in disciplined, decades-long planning.
- Seed Capital for a Post-Retirement Business. Channel your maturity proceeds into the small enterprise you have always dreamed of running on your own terms—the neighborhood sari-sari store managed by your spouse, the tricycle or van-for-hire operation that puts your driving skills to work, the boarding house near a university, the apartment unit that earns rent month after month, or the agri-venture on your provincial lot. With ready capital in hand at age 56, you skip the painful step most retirees face: borrowing against the house to launch a business. Instead, you build a second income stream that keeps you productive, respected in your community, and financially independent—turning your PNP or BFP pension into pocket money rather than your only lifeline.
- Healthcare and Medical Reserve for Senior Years. Set aside your E-56proceeds as a dedicated health war chest for the years when your body finally asks for rest after decades of frontline service. Hypertension maintenance, diabetes medication, cardiac procedures, dialysis sessions, cataract surgery, physical therapy, and eventual home-care or nursing support routinely cost far beyond what PhilHealth, GSIS, and your monthly pension can absorb. With this reserve in place, you walk into any hospital—public or private—knowing you can afford the best available care without asking your children to liquidate their savings or take out loans for your confinement. Your golden years stay golden, and your dignity stays intact.
- Settling a Home Loan or Mortgage at Retirement. Use your lump-sum payout at age 56 to fully pay off whatever remains of your housing loan, Pag-IBIG MP2, GSIS housing, or bank mortgage—and finally hold the clean title to your own home in your own name. No more monthly amortization quietly eating into your salary or pension. No more anxiety about job security affecting the roof over your family. The house you sacrificed years of midnight shifts, hardship postings, and missed family dinners to provide is now fully, undeniably yours. From that point on, every peso of your retirement pension flows to groceries, leisure, grandchildren, and the comfortable life you have more than earned.
- Supporting Aging Parents and Multigenerational Care. If you find yourself in the “sandwich generation”—raising your own children while still caring for elderly parents—the E-56 monthly installment option becomes a quiet act of utang na loob made possible. Your parents bathed you, fed you, and sent you to school; with this benefit, you can return the favor by covering their maintenance medicines, doctor visits, caregivers, hospital arrangements, and household upkeep without straining your family’s monthly budget or creating tension with siblings. You honor them with the same steadiness they once gave you—and your own children grow up watching exactly what filial devotion looks like.
- Funding a Second Career or Skills Retraining. Invest your proceeds in yourself—the post-service certifications, security consultancy licensing, firearms instructor accreditation, first-responder trainer credentials, criminology review classes, or vocational and technical courses that open the next chapter of your professional life. At 56, you still have decades of experience, discipline, and credibility that the private sector values: corporate security director, driving instructor, barangay peacekeeping consultant, government auxiliary, or community college lecturer. Rather than feeling shelved at retirement, you step into an encore career on your own terms, with steady additional income and the deep satisfaction of still being needed, still being of service.
- Estate and Legacy Planning for Grandchildren. Designate your maturity proceeds as an inheritance fund or formal educational trust for your grandchildren—the next generation that will carry your family name forward long after you have hung up the uniform. Imagine your apo, twenty years from now, receiving a fully funded scholarship for medical school, board exam review, or a first business—and being told, “This came from your Lolo. He planned this for you before you were even born.” The E-56 becomes more than a benefit; it becomes a structured legacy vehicle that turns your years of public safety service into a multigenerational blessing, extending your love, discipline, and sacrifice well beyond your own lifetime.
THE SPECIAL GROUP TERM INSURANCE (SGTI)
This is the mandatory insurance plan for active uniformed PNP personnel as mandated by Presidential Decree No. 1965.
The Special Group Term Insurance (SGTI) is the mandatory life insurance plan extended to every active uniformed member of the Philippine National Police (PNP), as required under Presidential Decree No. 1965. For a personal contribution of just ₱6.00 a month, matched by an equal ₱6.00 counterpart from the PNP, every uniformed officer receives ₱17,000.00 of life insurance coverage. Should the unexpected happen in the line of duty—through accidental death or being Killed-in-Action—an additional ₱25,000.00 is automatically added, bringing the total indemnity to ₱42,000.00. SGTI is PSMBFI’s way of standing beside every officer who stands the line.
Who Is This For?
The SGTI is exclusively for active uniformed personnel of the Philippine National Police, as mandated by Presidential Decree No. 1965. From the youngest Patrolman/Patrolwoman to senior commissioned officers, every uniformed member is automatically covered while in active service. Civilian PSMBFI members are served by complementary programs such as the Members Equity Plan and the Endowment at 56.
Key Benefits
1. Real Protection at a Token Personal Cost. With only ₱6.00 deducted from your monthly pay and the PNP shouldering an equal share, SGTI delivers meaningful life insurance protection at a price that fits within even the leanest household budget. Every centavo you contribute is effectively doubled, giving you protection that no equivalent commercial product can match for the same outlay.
2. Enhanced Indemnity for Service-Related Fatalities. SGTI recognizes the unique risks of public safety work. If your passing is the result of an accident or a Killed-in-Action incident, your beneficiaries automatically receive an additional ₱25,000.00 on top of the base benefit—an acknowledgment that those who give their lives in service deserve heightened protection for the families they leave behind.
3. Automatic, Worry-Free Coverage from Day One of Service. Because SGTI is mandated by law and administered through payroll, there are no application forms to chase, no medical underwriting, and no risk of lapsed coverage. The moment you take your oath as a uniformed PNP officer, your SGTI protection is already in force—quiet, reliable, and always there.
Start Early, Maximize Your Benefits
Because SGTI is automatic upon entry into uniformed service, members realize the fullest value of this protection by ensuring coverage begins on day one of commissioning—ideally between the ages of 21 and 25, when most cadets and new appointees take their oath. Starting this early means decades of continuous, uninterrupted indemnity throughout your most operationally demanding years, when the risk of accident or line-of-duty incident is statistically highest. Early enrollment also lays the groundwork for layering SGTI alongside MEP, E-56, and other PSMBFI programs for a fully rounded protection portfolio.
Highly Recommended
1. Your Family’s Immediate Lifeline in the Line of Duty
Police service carries risks that cannot always be predicted. Whether assigned to anti-illegal drug operations, intelligence activities, law enforcement campaigns, manhunt operations, disaster response, or public safety missions, every member faces situations where danger is part of the job. The SGTI’s ₱42,000.00 line-of-duty benefit serves as an immediate financial lifeline for loved ones should the unthinkable happen, helping ease the burden during one of the most difficult moments a family can face.
2. Protection Starts from Day One of Service
Newly appointed police officers and fresh academy graduates often enter active duty before they have the opportunity to build personal financial protection programs. SGTI ensures that every member receives automatic coverage from the very beginning of their service, providing peace of mind not only to the officer but also to parents, spouses, and dependents who worry about the risks associated with the profession.
3. A Strong Foundation for Comprehensive Family Security
SGTI is more than a mandatory benefit—it serves as the cornerstone of a broader financial protection strategy. Members can strengthen their family’s safety net by complementing SGTI coverage with other PSMBFI insurance and savings programs. This layered approach can significantly increase the total financial assistance available to beneficiaries, ensuring that families remain financially stable despite the loss of a breadwinner.
4. Immediate Financial Support While Claims Are Being Processed
In the event of a Killed-in-Action (KIA) incident, families often face immediate expenses long before government benefits, pensions, and other entitlements are released. The additional ₱25,000.00 KIA benefit can provide critical short-term financial support, helping cover daily household needs, children’s expenses, utility bills, and other urgent obligations during the transition period.
5. Dignified Farewell for a Hero in Uniform
Every police officer deserves to be honored for their service and sacrifice. The base death benefit can help families shoulder funeral and burial expenses, allowing them to provide a dignified and respectful farewell without the added stress of financial constraints. It helps ensure that final rites and ceremonies reflect the honor and commitment associated with a life dedicated to public service.
6. Investing in the Future of Surviving Dependents
Beyond addressing immediate financial needs, SGTI benefits can help secure the future of surviving children and dependents. Families may use the proceeds to support educational expenses, school enrollment, tuition fees, learning resources, or vocational training, enabling children to continue pursuing their dreams despite the loss of a parent.
7. Reliable Coverage Wherever Duty Calls
Police assignments can change at any time—from local precincts to regional offices, special task forces, national headquarters, or overseas training programs. SGTI coverage remains with the member throughout these transitions, providing uninterrupted protection regardless of station, unit assignment, or operational deployment. Members can focus on their duties with confidence, knowing that their families remain protected wherever service may take them.
8. Peace of Mind That Extends Beyond the Uniform
The true value of SGTI lies not only in its financial benefits but also in the reassurance it provides. Every member serves with greater confidence knowing that if tragedy strikes, there is a dependable support system ready to assist the people who matter most. It reflects the organization’s commitment to taking care of police officers and their families, recognizing that those who dedicate their lives to protecting others also deserve protection in return.
9. A Benefit Designed Specifically for the Realities of Police Service
Unlike many private insurance products that may involve medical underwriting, waiting periods, or eligibility limitations, SGTI is specifically designed for uniformed personnel. It recognizes the unique hazards and sacrifices associated with police work and ensures that members receive protection tailored to the demands of their profession, making it one of the most valuable welfare benefits available to every police officer.
| MONTHLY PREMIUM | INSURANCE COVERAGE | INSURANCE BENEFIT IN CASE OF ACCIDENTAL DEATH OR KILLED-IN-ACTION ANCE COVERAGE |
|---|---|---|
| 6.00 | 17,000.000 | 42,000.00 |
