INSURANCE FOR UNIFORMED PERSONNEL

With the risks involved in your chosen career, your MEP’s term life insurance gives you maximum insurance protection for an amount you can afford. Plus, your contribution allows you to save money and build your Equity Value.

PSMBFI’s Members Equity Plan provides you with maximum insurance coverage at a minimal cost and an Equity Value which enables you to save up for retirement.

Members Equity Plan (MEP)

Members Equity Plan (MEP)

With the risks involved in your chosen career, your MEP’s term life insurance gives you maximum insurance protection for an amount you can afford. Plus, your contribution allows you to save money and build your Equity Value.

Basic Group Term Plan (BGTP)

Basic Group Term Plan (BGTP)

The Basic Group Term Plan (BGTP) allows a member to boost his insurance coverage at a minimal cost. Furthermore, in case of accidental death, the beneficiaries receive an amount equivalent to 100% of the member’s BGTP coverage.

Burial Assistance Benefit (BAB)

Burial Assistance Benefit (BAB)

The proceeds of the Burial Assistance Benefit (BAB) forms part of the Cash Advance given to the beneficiaries upon the member’s death. Costing as low as P16 per month, this plan may only be availed by Equity Plan members.

Endowment at 56 (E-56)

Endowment at 56 (E-56)

The E-56 is an insurance and savings plan which allows members to save up for retirement and at the same time be protected with a life insurance coverage. This product helps the member with his expenses after retirement at age 56, prior to his receipt of his monthly pension.

Special Group Term Insurance (SGTI)

Special Group Term Insurance (SGTI)

Mandatory for all Uniformed PNP Personnel This mandatory insurance plan was intended to provide financial amelioration for dependents of uniformed personnel of public safety agencies who get killed while still in active service. Under this plan, a policeman pays P6 monthly and the PNP also gives its share of the same amount. The SGTI provides an insurance coverage of P15,000 and an additional burial benefit of P2,000 for a total of P17,000. In case a member dies of an accident, an additional P25,000 is given to the beneficiaries. If a member dies during a legitimate police operation (Killed-in-Action), an additional P25,000 is also given for a total of P42,000.

INSURANCE FOR NON-UNIFORMED PERSONNEL

With the risks involved in your chosen career, your MEP’s term life insurance gives you maximum insurance protection for an amount you can afford. Plus, your contribution allows you to save money and build your Equity Value.

PSMBFI’s Members Equity Plan provides you with maximum insurance coverage at a minimal cost and an Equity Value which enables you to save up for retirement.

My Life Plus (Members Equity Plan)

My Life Plus (Members Equity Plan)

Having adequate insurance coverage is a duty of every responsible individual. My Life Plus gives you maximum insurance protection for an amount you can afford and your contribution allows you to save money and build your Equity Value.

Burial Assistance Benefit (BAB)

Burial Assistance Benefit (BAB)

The proceeds of the Burial Assistance Benefit (BAB) forms part of the Cash Advance given to the beneficiaries upon the member’s death. Costing as low as P16 per month, this plan may only be availed by Equity Plan members.

Endowment at 56 (E-56)(NUP)

Endowment at 56 (E-56)(NUP)

The Endowment at 56 (E-56) is an investment and insurance plan in one. A member pays for this plan up to age 56. Upon reaching this age, the policy holder may choose to receive the sum assured either in lump sum or on a monthly basis.