Kabalikat 2015 - Public Safety Mutual Benefit Fund Inc.

The PSMBFI Members
www.psmbfi.com.ph
KABALIKAT VOL. 18 NO.2
1
Editorial
Life Insurance and Financial Literacy for Filipinos
T
hings are indeed looking up for the Philippine life
insurance industry this year. Should the life sector
continue its performance during the first half of
2015, with premium collections registering at P98.8 Billion
Pesos from January to June, the industry shall cap the year
with an increase of almost 50%, year-on-year. Consistent
with the economic growth that the country has seen over the
past 5 years, the Philippine insurance industry’s total assets
jumped by 92.18% from P554.7 Billion in 2009 to over P1
Trillion in 2014, according to the preliminary figures obtained
from the Insurance Commission. The combined assets of
all Mutual Benefit Associations (MBAs) also saw a jump of
108.31% to P55.4 Billion in 2014 from only P26.6 Billion in
2009.
More so, the government has recognized the need to
provide risk protection for the marginalized and efforts to
promote microinsurance has increased awareness among
government agencies and insurance companies to develop
the insurance market for the underprivileged.
The aggressive promotion of financial literacy among
Filipinos could pave the way for better personal budgeting
and more stable finances for the family. Unlike some of
our more financially savvy Asian neighbors, the building
of one’s retirement fund for instance, or the relationship
between inflation and one’s interest income, or even the
acquisition of life insurance for estate tax purposes are
financial concepts that we as Filipinos have yet to fully
grasp and consider in our lives as salary earners. For most
of us, the family budget is first and foremost utilized for
purchasing food, medicines, housing and other expenses.
Life insurance, savings and investments take a back seat
in the order of one’s financial priorities.
The family income of Juan de la Cruz was estimated at
P235,000 per year as of 2012, according to the Philippine
Statistics Authority, with an estimated annual family
expenditure of P193,000. About 42.8% of the family income
goes to food expenses, about 2.7% goes to housing and
utilities, 7.5% goes to transportation, 4.1% for education,
3.7% goes to health expenses while the rest are spent on
communication, clothing, household equipment, furnishings
and other expenses. This leaves the Filipino family with
about P42,000 a year for savings/investment or for
purchasing insurance products.
Based on the preliminary data of the Statistics
and Research Division of the Insurance Commission,
Market Penetration Rate for Life Insurance as of 2014
is at 37.39% or 37.35 Million out of the total Philippine
population of 99.9 Million. Insurance Density is at PHP
1,653.30 per capita (average amount a Filipino spent on
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KABALIKAT VOL. 18 NO.2
life insurance for one year). This means a lot of Filipinos
are still uninsured and those who do have life insurance
might still be underinsured. A thorough financial needs
analysis would allow one to determine how much insurance
coverage an income-earner has to have, based on factors
such as income, family size, detailed expenses, etc.
Private sector initiatives are crucial for the promotion of
the life insurance industry. For some Filipinos, their employers
or organizations become a channel to acquire affordable
life insurance. As of May this year, there are about thirtyfour MBAs whose certificates of authority were extended
for License Year 2014-2015. They cover various sectors
such as public safety, education, agriculture and energy.
MBAs provide products specifically created for the market
they serve. Members are able to get insurance coverage
at group rates, with payment schemes that make it easy for
the insured to make his monthly payments, minimizing the
danger of lapsation. A uniformed public safety practitioner for
instance, on an optional basis, may purchase a life insurance
product through the MBA/insurance company accredited by
his institution, with benefits that address the specific needs
of uniformed personnel. Should one choose not to join an
insurance MBA, he has to search for and obtain a suitable
insurance product for himself, and for some agencies, only if
and when the employee so decides.
No matter how aggressive the government and private
sector efforts are to promote financial literacy, the most
important step still starts within the family. A father or
mother should be able to show their children by example,
how to set aside money for savings, and how to forego
unnecessary purchases. Parents should be able to inculcate
among the kids the value of financial preparedness and to
give importance to obtaining life insurance as a primary
responsibility of a breadwinner to his family. At the end of
the day, even when government policies are in place to
make sure that people secure themselves and their families
with insurance products, a person’s preparedness still boils
down to the individual’s financial literacy and willingness to
straighten out his finances.
The time has come for Filipinos to sit down, take the
dusty calculator out of the drawer (or hit the calculator app
for others) and make sense of how much is earned or should
be earned, how much should be saved and invested, and
how much is spent on what are and are not necessary.
PDG Marquez is the New PSMBFI Chairman
ng kapulisan at komunidad o
ang police-community relations.
Sa pagpapatrolya, ang pulis ay
magiging isang pamilyar at kilalang
personalidad sa komunidad, at
dito magsisimulang manumbalik
ang pagtitiwala ng taong-bayan.
Pangatlo,
magkakaroon
ng
pananagutan ang pulis sa komunidad
na kanyang binabantayan, at
mangingimisyang
gumawa
ng
katiwalian o anumang bagay na
magdudulot ng kahihiyan.
P
olice Director General Ricardo C. Marquez has been sworn-in as the
new Chairman of the Board of Trustees of the Public Safety Mutual
Benefit Fund, Inc. The ceremony which was held on August 2, 2015, was
witnessed by the trustees and officers of the Association.
Prior to assuming the top post at the
PNP, PDG Marquez was the chief of the
Directorate for Operations of the PNP.
He was also the taskforce commander
during the Papal visit early this year.
PDG Marquez has emphasized
crime prevention as his priority. Here are
some excerpts during his Assumption
Speech as the new PNP Chief:
Ang pangunahing isyu na dapat
harapin ng kapulisan ay crime
prevention
o
paghadlang
sa
krimen. While we have developed
the methodology to deliberately
reduce crime, as evidenced by the
decreasing trend in crime statistics
in certain areas, the reality is that the
fear of crime remains in the hearts of
our citizens especially our mothers.
Naroroon pa rin ang takot at agamagam ng mga magulang tuwing
umaalis ng bahay ang kanilang mga
mahal sa buhay. Ito ang nais nating
baguhin. Gusto nating masiguro na
www.psmbfi.com.ph
bawa’t anak, kapatid, o kasambahay
ay ligtas sa kapahamakan at
makakabalik nang maayos sa kanikanilang tahanan.
We have tried several crime
prevention measures in the past
without much success. I believe it is
high time to go back to the basics
of policing and institutionalize
the implementation of patrolling
nationwide.
Ako’y
naniniwala
na
ang
pagpapatrolya ng kapulisan sa
mga komunidad ay nagdudulot ng
maraming benepisyo, kabilang na
ang mga sumusunod:
Una, ang tinatawag na police
presence for crime deterrence.
Pagpalagiang
nakikita
ang
kapulisan sa isang komunidad,
magdadalawang-isip
ang
sinuman na gumawa ng krimen.
Pangalawa, tatatagang ugnayan
Pang-apat, sa paglipas ng panahon
at sa pagtutulungan ng pulis at taongbayan sa mga gawaing makabubuti
sa komunidad, matututunan nilang
magkapit-bisig sa pagsugpo ng
krimen.
For the last several years, I have
been patiently advocating the
indispensability of patrolling in policing
and have involved dozens of people
in various offices from Nueva Ecija
PPO, to PRO1, and to the Directorate
for Operations to propagate the
concepts and to develop a manual
for police stations. This manual is
now ready for distribution after its
approval by PDDG Espina last May.
To make patrolling effective, I
hereby order the immediate and
systematic dispersal of personnel
from the national, regional and
provincial offices to our frontlines
– the Police Stations – based on
a well-conceived and properly
developed Patrol Plan.
PDG Marquez succeeded former
PSMBFI Chairman Leonardo A. Espina
who will remain as a director of the
association.
KABALIKAT VOL. 18 NO.2
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DIR LEONARDO A ESPINA
Trustee
DIR CATALINO S CUY
Trustee DIR JUANITO B VAÑO JR
Trustee
PSMBFI BOARD OF TRUSTEES
CY 2015-2016
DIR RICARDO C MARQUEZ
Chairman
DIR ANTONIO P BILLONES
Vice-Chairman
DIR MARIO A AVENIDO
President
DIR BERNARDO C FLORECE JR
Vice President
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KABALIKAT VOL. 18 NO.2
DIR ROBERTO L ALIGGAYU
Treasurer
DIR DOMINADOR E AQUINO JR
Trustee
DIR SERGIO A DIMANDAL Trustee
DIR JUANITO P DIMACULANGAN
Assistant Treasurer
DIR CEDRICK G TRAIN
Trustee
PCSUPT NAPOLEON C TAAS Corporate Auditor
DIR JOVITO L RASCO Trustee ATTY ASHER A DOLINA
DIR MARCOS B BEA
Trustee
Corporate Secretary
Members Attend Financial Literacy Sessions of PSMBFI
PSMBFI conducts financial literacy sessions or integrate financial literacy lessons during its infodrives.
Topics such as investment options, financial needs analysis and monthly budgeting are discussed to
educate members on the need for financial planning.
PSMBFI has extended efforts to conduct financial literacy lectures not only to emphasize the need for life
insurance coverage but to allow members to examine their personal finances and prepare well for the financial
future of their families.
PSMBFI Visits PNP-SAF Members in Region 6
P
NP-Special Action Force (SAF) Personnel in Region 6 got the chance to update their membership
information and inquire about their benefits when PSMBFI representatives, headed by GM Sebastian
C Siga-an Jr., visited the 6th SAF Battalion in Sagay City and the different SAF Companies in Negros
and Panay.
PSMBFI intensifies its campaign to inform members of the need to update their membership information with
PSMBFI. Through the Data Update Form (DUF), a member may add or change his beneficiaries and update his
membership information with PSMBFI.
www.psmbfi.com.ph
KABALIKAT VOL. 18 NO.2
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PSMBFI and NAMRIA Sign Memorandum of Agreement
The National Mapping and Resource Information Authority (NAMRIA) and the Public Safety Mutual
Benefit Fund, Inc., (PSMBFI), have recently inked an agreement that will allow PSMBFI to offer
membership and insurance coverage to NAMRIA employees.
The NAMRIA is an agency under the Department of Energy and Natural Resources which surveys and
maps the land and water resources of the Philippines and provides both the public and private sectors with
map-making services as well as geographic and
resource information.
PSMBFI was established in 1997 to provide
life insurance for the Philippine National Police
personnel who were excluded from the mandatory
insurance coverage of the Government Service
Insurance System.
It has since expanded its
services, insuring both uniformed and nonuniformed employees of other institutions.
Swarming Crew in Blue and White Visit PNP Offices
PSMBFI personnel, in teams of 5 or 6, conducted swarming activities in the different PNP Offices in Camp Crame
and other offices in the regions during the second and third quarter of this year. The teams aimed to distribute Data
Update Forms so members could update their personal information, their list of beneficiaries and apply for their
PSMBFI ID. On the spot infodrives were also conducted so members could be updated regarding their benefits and
the fund in general.
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KABALIKAT VOL. 18 NO.2
Insights from the Frontline
PSMBFI, a Bridge to New Horizons
-by Justo Serrato Luaton
Life is a destiny. And destiny is a matter
of choice.
As beings created in the image and
likeness of God, we are empowered to
make sound decisions and listen to the
whispers of the Spirit.
JSL
O
ur family is one of the primary reasons
why we labor and give our all in the field.
They support our dreams and aspirations and even
understand why we have to go out and risk our lives
for our countrymen. Yet, when untoward incidents
happen to us, they are the ones who are most
affected and most in pain.
The Public Safety Mutual Benefit Fund, Inc. has
remained true to its mission of providing timely
financial and material aid and comfort to public safety
practitioners and their families. The Association has
been constantly ready to give what is due to members or
their beneficiaries. As a life insurance provider, PSMBFI
has become a bridge for bereaved families so they can
look to a new horizon with hope and courage. As such,
While we serve the people whom we took an oath preparation is indeed necessary for the eventualities
to protect, we should not forget that our jobs entail risk that life may bring.
to life and limb. As mortals, sickness and death are
certainties. And when nature calls us to meet our Maker,
The needs of the time dictate how difficult a family’s
no amount of medicine can further extend our lives.
situation could get when something happens to a loved
one, let alone a breadwinner. Fear of such uncertainties,
This representation is an eyewitness to the difficulties though they may never be erased, could somehow be
that bereaved families go through, and oftentimes an tempered by proper planning.
instrument in arranging for the initial assistance to the
family members. Indeed, we should not pause for a
At the far edge of our lives, we will be grateful to
second thought when it comes to life insurance, as this have set the path for new beginnings for those we will
should be a priority especially for breadwinners.
leave behind.
www.psmbfi.com.ph
KABALIKAT VOL. 18 NO.2
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MMDA PERSONNEL JOIN PSMBFI
M
MDA personnel attended the series of PSMBFI
information drive sessions which started in
mid-August, 2015. These personnel come from the
Solid Waste Management, the Traffic Discipline, Health,
Public Safety and Environmental Protection, Flood
Control and Sewerage Management, Metropolitan
Development Planning Service, Physical Planning
and Special Service, Finance Service, Administrative
Service and top management offices.
Qualified MMDA employees who opted to get insured
by PSMBFI will be covered with the MyLife Plus Members
Equity Plan with monthly contributions ranging from P100
to P700 monthly. They may also purchase an additional
Burial Assistance Benefit Plan which costs as low as P16
per month.
Metropolitan Manila Development Authority (MMDA)
Chairman Francis N. Tolentino and then Public Safety
Mutual Benefit Fund, Inc. (PSMBFI) Chairman Leonardo
A. Espina signed a Memorandum of Agreement on July
3, 2015 which accredits PSMBFI as a life insurance
provider for MMDA personnel on a voluntary basis.
MMDA has an estimated number of 6,600 permanent
and non-permanent employees.
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KABALIKAT VOL. 18 NO.2
MMDA FRONTLINE OFFICES’ MISSION:
TRAFFIC DISCIPLINE OFFICE
To provide better management services resulting from
a balanced integration of traffic education, engineering and
enforcement services.
SOLID WASTE MANAGEMENT OFFICE
To promote door to door garbage collection in all LGUs of
Metro Manila as a means to achieve litter-free, garbage-free
streets, sidewalks, vacant lots and waterways and as a tool in
advancing proper collection of recyclable materials thereby
reducing the amount of solid waste that would require land filling
to the final disposal facilities that MMDA assures to provide.
FLOOD CONTROL
AND SEWERAGE MANAGEMENT OFFICE
To prevent flooding in Metro Manila and to make all roads
flood-free and passable to all types of vehicles and pedestrians
at all times.
HEALTH, PUBLIC SAFETY
AND ENVIRONMENTAL PROTECTION OFFICE
To safeguard the health and sanitation of the region, enhance
ecological balance and prevent, control and abate environmental
pollution.
To continuously implement programs, policies and
procedures to achieve public safety, especially disaster
preparedness for preventive or rescue operations during times
of calamities and disasters.
ClientSpeak
Why do we need Life Insurance?
www.psmbfi.com.ph
FO1 RUEL BOLITO,
BFP
TC III WARREN CRISTOBAL,
MMDA
As a public safety practitioner,
we are prone to untoward incidents/
accidents. So whatever happens, my
family is secure.
Since I do field work, it is necessary
for me to have life insurance to
protect me.
Ms JUDY ANN MACABUAG,
ROAD EMERGENCY, MMDA
Ms LIEZL LEBORNIO,
NAMRIA
As part of the rescue team of
MMDA, I am aware of the risks in my
job. By having life insurance, one
can be assured of protection.
As NAMRIA personnel, we get
deployed in different areas such
as upland/forest and coastal areas
nationwide. My insurance in PSMBFI
gives me and my family a sense of
security for the uncertainties of life.
Ms ANNA LISSA BAUTISTA,
NAPOLCOM
MR JERRY ASUNCION,
OTS-DOTC
It is important for public safety
practitioners to have life insurance
coverage because their lives are
always at risk.
Anything can happen to us. It is
important to have life insurance for
the sake of my wife and children.
SN2 RUSSEL LORENZO LOREJO,
K-9 Unit PCG
PO1 DON MCGYVER COCHICO,
PNP
Because of the risky nature of our
work, we should have life insurance
coverage.
It is a must for us to have life
insurance coverage because we
will never know what will happen in
the line of duty. I have life insurance
from PSMBFI.
CDT 1C ALDRIN BAGAYAO,
PNPA
Ms CHERRYBEN PORTACIO,
PSMBFI
I am a PSMBFI member. As a
public safety officer, it is good to
have life insurance that can help me
and my family.
Public safety practitioners need
to be protected and secured for the
untoward circumstances that may
come their way.
Ms SHERYLL CHRISTINE
CABELIN, PNP NUP
PO2 MAY TAMAYAO,
PNP-SAF
I am a PSMBFI member. It is
important to have life insurance for the
benefits that my family will receive in
the future and for the assistance they
extend to the members.
AIl is important for public safety
practitioners to have life insurance
coverage for their own security and for
their families. I am a PSMBFI member.
KABALIKAT VOL. 18 NO.2
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detachable duf
www.psmbfi.com.ph
KABALIKAT VOL. 18 NO.2
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detachable maf
12 KABALIKAT VOL. 18 NO.2
Loan Facilities
PSMBFI members have access to loan facilities with reasonable interest rates, and which are payable at the most convenient
terms.Forms can be downloaded from the website at www.psmbfi.com.ph
Salary Loan / i-Loan
With a high loanable amount, you can dream bigger and plan better! Payable up to 5 years.
Requirements:
• Duly accomplished loan application and Authority to Deduct (ATD) forms
(please secure the signature of Commanding Officer and authorized Disbursing Officer.)
• Photocopy of PNP ID of borrower (back to back and not expired with 3 specimen signatures) If not available,
any 2 valid IDs
• Original and photocopy of latest payslip of borrower for the last two (2) months
• Certification of Active Duty from Station/Unit Clearance
• Three (3) accomplished Notarized Deed of Undertaking
Emergency Loan
Unforeseen circumstances may result to unbudgeted expenses. PSMBFI’s Emergency Loan gives you access to cash of up
to P100,000 so you can be ready for those emergencies.
Requirements:
• The same as Salary Loan / i-Loan
Calamity Loan
Victims suffer different kinds of losses when calamities strike. PSMBFI members may take advantage of the Calamity Loan
package’s low interest rate at only 9% per year.
Requirements:
• The same as Salary Loan / i-Loan
• Endorsement of the Regional Director or his authorized representative stating that the borrower and/or his
family are affected by the calamity
Multi-Purpose Loan
PSMBFI gives you access to cash to make life a bit easier for you and your family. The term is made lighter as you can
stretch the paying period to up to 36 months.
Requirements:
• The same as Salary Loan / i-Loan
Policy Loan
If you have been a contributing Equity Plan member for at least 12 months, you can borrow 90% of your Equity Value at a
low rate of 8% per year!
Requirements:
• Duly accomplished loan application form and Authority to Deduct (ATD) forms
• Photocopy of borrower’s payslip
• Photocopy of PNP ID with three (3) specimen signatures
www.psmbfi.com.ph
KABALIKAT VOL. 18 NO.2
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DOCUMENTARY REQUIREMENTS:
Death Benefit:
• Claims Application Form
• Investigation Report or Spot Report
• Death Certificate (Certified True Copy from the Civil Registrar)
• Certificate of Last Payment and Updated Service Record
• Birth Certificates of Children (designated)
• Photocopy of Claimants’ valid ID with 3 specimen signatures
Additional documents (on a case-to-case basis):
• Marriage Contract with Advisory on Marriage (original copy with official receipt)
• Birth Certificate of Insured (if single) with CENOMAR
• Certificate of Legal Dependent(s)
• Affidavit of Guardianship
• Other documents to address a pending issue
Accident Disability Benefit:
•
•
•
Claims Application Form
Spot Report or Investigation Report
Photo showing the affected parts and the whole
body
• Photocopy of Latest Payslip
• Service Record with Duty Status
• Photocopy of PNP ID (back-to-back) with 3
specimen signatures
For additional Accident Hospitalization Benefit:
• Latest Medical Certificate
• Medical Abstract
• Statement of Account
Wounded-In-Action Benefit:
•
•
•
•
•
•
Claims Application Form
Letter Request of member/claimant
Latest Medical Certificate
Photocopy of PNP ID (back-to-back) with 3
specimen signatures
Spot Report or Investigation Report
Certificate of Wounded-in-Action from unit
Accident Hospitalization Benefit:
•
•
•
•
•
•
•
Claims Notification Form
Spot Report or Investigation Report
Latest Medical Certificate
Medical Abstract
Statement of Account from the hospital
Photocopy of Latest Payslip
Photocopy of PNP ID (back-to-back) with 3 specimen signatures
Refund of Equity Value (Retirement):
•
•
•
•
•
•
•
Application Form
Personal Letter Request for Termination
Photocopy of Retirement Order
Photocopy of Latest Payslip
Photocopy of Certificate of Last Payment
Photocopy of Service Record
Photocopy of PNP ID (back-to-back) with 3 specimen signatures
14 KABALIKAT VOL. 18 NO.2
PSMBFI OFFICES
PRO 8
MAIN OFFICE
318-320 Santolan Road corner 1st and 2nd West Crame
Streets, Brgy. West Crame, San Juan City, Metro Manila
Camp Sec Ruperto K Kangleon
Tel Nos.: (02) 725-1635
Tel. No. (053) 323-4818
PC Hills, Palo, Leyte
PRO 9
(02) 726-1675
www.psmbfi.com.ph
Camp Col Romeo A Abendan
PRO 1
Camp BGen Oscar Florendo
Mercedes, Zamboanga City
Tel. No. 0977-1492616
PRO 10
Parian, San Fernando City, La Union
Tel. No. (072) 607-1840
Camp 1Lt Vicente G Alagar
0905-8213560
Cagayan de Oro City
PRO 2
Camp Gen Marcelo A Adduru
Tel. No. (088) 850-3204
0922-3132480
PRO 11
Alimanao, Tuguegarao City, Cagayan
Tel. No. 0917-5911193
Camp Quintin M Merecido
PRO 3
Camp Capt Julian Olivas
Buhangin, Davao City
Tel. No. (082) 234-9311
San Fernando, Pampanga
0942-1102801
PRO 12
Tel. No. (045) 435-1978
Police Regional Head Office 12
0927-5444754
PRO 4A (CALABARZON)
Brgy. Tambler, General Santos City
Tel. No. 0922-7406745
Camp Gen Vicente Lim
PRO CARAGA
Calamba City, Laguna
Camp Rafael C Rodriguez
Tel. No. (049) 306-0453
Libertad, Butuan City
0922-3947328
PRO 4B (MIMAROPA)
Camp Gen Efigenio C Navarro
Tel. No. (085) 341-8050
0929-3893127
PRO ARMM
Calapan City, Oriental Mindoro
Camp Gen Salipada K Pendatun
Tel. No. (043) 288-1367
Parang, Maguindanao
0917-6109780
PRO 5
Tel. No. (064) 425-0368
0915-8629052
Camp Gen Simeon A Ola
PRO COR
Legazpi City, Albay
Camp Bado Dangwa
Tel. No. (052) 820-6027
La Trinidad, Benguet
0929-9617593
PRO 6
Camp Gen Martin Delgado
Tel. No. (074) 422-8154
0915-9479918
NATIONAL CAPITAL REGION
Fort San Pedro, Iloilo City
Camp Bagong Diwa
Tel. No. (033) 335-0137
Taguig, Metro Manila
0927-9954544
PRO 7
Tel. No. (02) 838-4891
OSS CLES
Camp President Sergio Osmeña Sr.
Osmeña Blvd., Cebu City
Center for Law Enforcement
Tel. No.(032) 415-5530
Studies Bldg.,
(032) 256-1140
Camp Crame, Quezon City
0922-2873198
Tel. No. (02) 234-1886
www.psmbfi.com.ph
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