Email: clrl_pfcco@yahoo.com.ph / info@pfcco-clrl.coop Contact Nos.: (044) 794-6145 / 0917-820-0225

Life/Non-Life Insurance

Loan Protection Plan – Group Credit Life (GCL)

    • A program where the loans of the borrower members are insured to guarantee that the Creditor gets paid in the event of the borrower member’s death.
    • The amount of insurance is equivalent to the amount of loan.

Advantage to DEBTOR

    • Assurance that the unpaid balance will not burden debtors’ family or estate

Advantage to CREDITORS

    • Prompt settlement of outstanding indebtedness
    • Development of goodwill with the debtors’ family & prestige in the community

Total & Permanent Disability  Income Benefit

  • A supplementary benefit that provides a monthly income to an insured person who becomes totally and permanently disabled as a result of bodily injuries or illness.
  • A monthly pension equivalent to P 18.32 per 1,000.00 of the insurance will be paid during the insured person’s disability. Until the amount of insurance with interest per year on the unpaid balance from the date of 1st payment is exhausted. If the insured person dies before all installments are paid the computed value of the remaining installments will be paid in lump sum to the designated beneficiary.

For Accidental Dismemberment not resulting to loss of life, each insured shall be indemnified as follows:

Underwriting Requirements

  • All eligible individuals who are 18-64 years old are not required to fill up any application form as long as his personal loan does not exceed to 1,000,000.00. Individuals who are 65-69 years old must submit to the Company evidence of insurability in the form of the duly accomplished Health Declaration Form.

AGE NO EVIDENCE LIMIT(NEL)
18-64 Min – P3,000  Max P1,000,000.00 (NEL)
65-69 Min – P3,000  Max – P 500,000.00  (NML)
  • Medical Examination shall be required for those individual who exceeds the Non-Medical Limit subject to acceptance & approval.

PREMIUM RATES

LOAN PROTECTION PLAN

AGE **RATE/1,000.00/Month
18-64 0.43
65-69 0.77

With Total Permanent Disability Benefit

GROUP LIFE INSURANCE “DAMAYAN”

Group Life Insurance with Accidental Death & Dismemberment Benefit

  • Insurance against  loss  of  life due to accident,  illness  & or  natural   death
  • All actively at work individual member who  are  18  but  not  more  than  75  years old
  • Minimum  of   P 5,000.00  Coverage – Maximum of P150,000.00 Coverage

GLYRT/DAMAYAN RATES

Minimum:5,000.00  Maximum: 150,000.00

Unit  Coverage 18-64 Years Old 65-74 Years Old
1 5,000.00 12.00 18.00
2 10,000.00 36.00 54.00
3 15,000.00 60.00 90.00
4 20,000.00 84.00 125.00
5 25,000.00 108.00 162.00
6 30,000.00 132.00 198.00
7 35,000.00 156.00 234.00
8 40,000.00 180.00 270.00
9 45,000.00 204.00 306.00
10 50,000.00 228.00 342.00
11 55,000.00 252.00 378.00
12 60,000.00 276.00 414.00
13 65,000.00 300.00 450.00
14 70,000.00 324.00 486.00
15 75,000.00 348.00 522.00

GLYRT/DAMAYAN RATES

Minimum:5,000.00  Maximum: 150,000.00

Unit  Coverage 18-64 Years Old 65-74 Years Old
16 80,000.00 372.00 558.00
17 85,000.00 396.00 594.00
18 90,000.00 420.00 630.00
19 95,000.00 444.00 666.00
20 100,000.00 468.00 702.00
21 105,000.00 492.00 738.00
22 110,000.00 516.00 774.00
23 115,000.00 540.00 810.00
24 120,000.00 564.00 846.00
25 125,000.00 588.00 882.00
26 130,000.00 612.00 918.00
27 135,000.00 636.00 954.00
28 140,000.00 660.00 990.00
29 145,000.00 684.00 1,026.00
30 150,000.00 708.00 1,062.00

FREE Accidental Death & Dismemberment Protection

  • P 50,000.00 worth of Free Accidental Death and dismemberment protection for Board of Directors and Managers of Primaries.
  • Each insured shall be covered for an amount equal to the sum insured against Accidental Death

NON-LIFE INSURANCE PRODUCTS

FIDELITY GUARANTEE INSURANCE

  • Insurance against loss of money  as  a result of dishonesty of collectors or cashiers.

Requirements:

  1. Name of establishment
  2. Complete Address
  3. Complete Name of Persons to be insured & their respective positions
  4. Amount of Insurance per Person

MONEY, SECURITIES & PAYROLL ROBBERY

MSPR Inside Premises – insurance against loss of  Money and Securities as the result of robbery or any attempt thereat occurring within the premises or as the result of theft following upon violent and forcible entry of or followed by violent and forcible exit from the premises or any attempt thereat.

MSPR Outside Premises – insurance against loss by robbery against a Collector occurring outside the Premises of Money and Securities in the Personal charge of a Collector in transit on a Money Route.

OTHER  PRODUCTS

  • Fire Insurance
  • Building Insurance
  • Car Insurance
  • Surety Bond
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