GSIS to pay members P930-M in dividends
CITY OF SAN FERNANDO–The Government Service Insurance System (GSIS) has announced that it will pay out P930 million in dividends to its members this year, 14 percent higher than in 2011, after posting surplus earnings from its Social Insurance Funds.
The pay-out includes all active Compulsory Life Insurance policyholders whose insurance coverage has been in force for at least a year as of December 31, 2011.
Upon their entry in government service, employees are automatically covered by a life insurance. Those employed prior to August 1, 2003 are covered by the Life Endowment Policy or LEP while those who entered after July 31, 2003 are insured under the Enhanced Life Policy or ELP.
Active members whose LEP matured after December 31 2011, and were issued ELP will still receive cash dividends based on their LEP.
LEP policyholders who converted to ELP after December 31, 2011 will also be entitled to cash dividends based on their LEP.
GSIS members can expect the amount to be automatically credited to their GSIS eCards on or before December 25, 2012.
Excluded from the cash pay-out are members whose policies lapsed, matured, or were terminated in 2011; who have defaulted in their salary and consolidated loans for at least 12 months or have unpaid premiums for at least 12 months as of December 31, 2011; and whose agencies were suspended as of December 31, 2011. ●
http://www.headlinegl.com/gsis-to-pay-members-p930-m-in-dividends/
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Comparison of crime rates between Philippines Angeles City and Clark Pampanga sheds light on the difference between the twin cities of Pampanga. Regular guests of Angeles City Hotels begin to migrate on base into hotels inside Clark Philippines not only for peace and quiet but peace of mind and a sense of safety and security.
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