As a compassionate response to our members whose livelihood were severely affected by the pandemic, the Association was able to secure the approval of the Insurance Commission to provide our BLIP Renewal at no cost for CY 2020.
This was to ensure that each member will have active Basic Life Insurance during the Covid-19 pandemic. Aside from members being insured for one year, they also get P120 equity value.
BLIP is the mandatory life insurance plan of the Association with a premium of Php240 per annum. It covers the member for a benefit of P10,000, the spouse for Php5,000 and up to four children below 21 years old for Php2,500 each. The insurance coverage includes death and accidental death benefits, accidental dismemberment or disablement and total and permanent disability.
For members who already paid for their P240 BLIP premium contribution last year, their BLIP will be automatically renewed for CY 2021.