BENEFITS OF MEMBERS

ACCIDENTAL DEATH BENEFIT

For deaths caused by accident, the beneficiaries receive an additional amount equivalent to 100% of a member’s life insurance.

ACCIDENTAL DISABLEMENT BENEFIT

Members disabled due to accident are entitled to an amount depending on the loss suffered.

Description
Loss of life
Loss of two limbs
Loss of both hands, or all fingers and both thumbs
Loss of both feet
Total loss of sight of both eyes
Description Percentage of Basic Life
Injuries resulting in being permanently bedridden 100%
Any other injury causing permanent total disablement 100%
Loss of arm at or above elbow 70%
Loss of arm between elbow and wrist 60%
Loss of one hand 60%
Loss of four fingers and thumb of one hand 50%
Loss of four fingers 35%
Loss of thumb 15%
Loss of index finger 10%
Loss of index finger 10%
Loss of middle finger 6%
Loss of ring finger 5%
Loss of little finger 4%
Loss of Metacarpals - 1st and 2nd (add'l) 3%
3rd, 4th and 5th (add'l) 2%
Loss of leg at or above knee 60%
Loss of leg below knee 60%
Loss of one foot 50%
Loss of toes-all one foot 25%
Loss of big toe 5%
Loss of any other toe other than big toe, each 1%
Loss of sight of one eye 50%
Loss of hearing-both ears 50%
Loss of hearing-one ear 25%

ACCIDENT HOSPITALIZATION BENEFIT

At no additional cost or contribution, a qualified member hospitalized for at least 24 hours due to accident shall be paid P1,000.00 per day of confinement up to a maximum of ten (10) compensable days. 

EQUITY VALUE (SAVINGS)

A portion of a member’s contribution is set aside as his/her Savings (Equity Value). This will be received upon leaving the service or retirement.

MEMBER'S EXPERIENCE REFUND

This is similar to dividends. Part of the company’s earnings is distributed among qualified members for at least five (5) years. Being owners of the Association, the members receive money sourced from the portion of company funds that is in excess of the amount necessary for the payment of current claims, expenses and reserves required to cover all future guarantees.

MEMBER'S EXPERIENCE REFUND

This is similar to dividends. Part of the company’s earnings is distributed among qualified members for at least five (5) years. Being owners of the Association, the members receive money sourced from the portion of company funds that is in excess of the amount necessary for the payment of current claims, expenses and reserves required to cover all future guarantees.

Minor Injury Major Injury
20,000.00 50,000.00

KILLED-IN-ACTION (KIA) BENEFIT

If a member is killed during legitimate PNP operations, his/her beneficiaries will receive an additional Killed-in-Action Benefit equivalent to 100% of the member’s basic life insurance coverage.

ACCESS TO LOAN FACILITIES

Qualified members can avail of PSMBFI loan products at reasonable interest rates.

  • Salary Loan Plus 
    • 12.5% interest per year 
    • Payable up to 5 years 
    • Loanable amount is up to P500,000 
  • Emergency Loan 
    • 12% interest per year 
    • Payable up to 48 months 
    • Loanable amount is up to P100,000 
  • Policy Loan 
    • 8% interest per year 
    • Payable in 24 months 
    • Loanable amount is 90% of Equity Value
  • Calamity Loan* 
    • 9% interest per year 
    • Payable up to 24 months 
    • Loanable amount is up to P50,000 

* Upon declaration of NDRRMC