GSIS offers accident insurance for as low as P100 annual premium

By Philippine Information Agency (PIA 8)
March 6, 2007

TACLOBAN CITY, Leyte  –  Do you know that the Government Service Insurance System is also offering accident insurance for its members and their immediate families? Yes! For as low as P100.00 annual premium for a P100,000.00 face amount.

This was learned from Atty. Teresita Rojas, the GSIS Tacloban Branch Manager. Atty. Rojas said that even the parents, the brothers and sisters, the sons and daughters, the husband or the wife of the GSIS member can avail of this plan.

What is good about the enhanced GSIS Accident Insurance is that in case the plan holder meets an accident, she or he gets a hospitalization benefit in the amount of P10,000.00.

God forbids that the plan holder dies because of an accident, his beneficiaries will receive P10,000.00 burial assistance aside from receiving the face amount of P100,000.00, Atty. Rojas added.

The face amount, Atty. Rojas clarified, will depend on how much face amount the member wants. He may get an accident plan which is as high as P1 million.

Aside from the enhanced GSIS Accident Insurance Plan, GSIS also has the enhance car insurance and fire insurance.

Where before, what is being insured by the GSIS are only the vehicles of government offices, nowadays, even the personal cars and other vehicles of the members may also be insured at GSIS. This, at a much, much cheaper premium than those offered by the private non-life agencies, Atty. Rojas revealed.

The government agencies are required to insure their offices from the hazards of fire, Atty. Rojas said. The head of the agency will be made liable in case something happens to the office without any insurance, she added.

The enhanced GSIS Fire Insurance accepts insurance of the houses or buildings of the members from any government agency, Atty. Rojas informed.