MUTUAL BENEFITS & PROTECTION REFERRAL SERVICES
Loan Protection Plan
- The plan is for all members only and intended to shield the cooperatives from losses due to non-payment of loans in cases of death of the borrowers.
- The plan is being implemented to respond to the needs of members through a mutual benefit service as determined by the provision of laws set in article 117 of the RA 9520.
- At reduced rates* and opportunity for the Cooperatives to earn commissions and patronage refunds.
Centralized Damayan Plan
- An integrated bereavement assistance for all individual members utilizing the insurance concept to free the cooperative in any liability resulting from unauthorized insurance scheme practices.
- At reduced rates* and opportunity for the Cooperatives to earn commissions and patronage refunds.
Member's Health & Hospitalization Benefits
- Lost income benefits due to hospital confinements through accredited providers.
Money, Securities and Payroll Robbery Coverage
- Insurance coverage which covers loss of money and securities by any cause within the premises or outside the premises and loss of payroll money occurring within and outside the premises.
Surety Bonding and other Insurance Referrals
- Protection of cooperative against losses resulting from failure to meet obligation. A requirement from the regulators.