sedp mba
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BASIC LIFE INSURANCE PLAN
Basic Life Insurance Plan is the primary product of SEDP MBA which covers life protection to members and their families on unforeseen event especially during untimely death of member and/or his qualified dependents.
With a minimum of Eighty Pesos (P 80.00) monthly contribution the member can avail of the following benefits:
1. DEATH BENEFIT
Member can avail of Fifty Thousand Pesos (P50,000.00) maximum benefit in the event of natural cause of death and One Hundred Thousand Pesos (P100,000.00) maximum benefit during accidental death.
While dependent spouse and parent can avail of Fifteen Thousand (P15,000.00) maximum benefit for natural cause of...
CREDIT LIFE INSURANCE PLAN
To cover loss of member’s Loan upon Death or Total and Permanent Disability (TPD), SEDP MBA insured the loan of the member with a minimal premium of 1.5% per annum computed based on the loan amount and term.
Credit Life Insurance Plan covers the principal amount of the loan within the prescribed loan term for the benefits stated below:
1. LOAN REDEMPTION
The outstanding loan balance of the member during his/her death or total and permanent disability is considered paid.
SEDP MBA shall assume payment of the outstanding principal amount to the loan provider thereby considered full payment of the loan...
BASIC LIFE INSURANCE PLAN
Death Benefits
Sickness
Upon death of member or his/her qualified legal dependents the designated beneficiary shall receive the benefits according to the Table of Benefits under sickness category.
Accident ...
Disability Benefits
The Total and Permanent Disability (TPD) shall mean disability caused by bodily injury or disease which prevents the member from engaging in any gainful activity
Disability with dismemberment
If a member...
Daily Hospitalization Income Benefits
Eligibility & Benefits:
1. Hospital confinement of the member for not less than twelve (12) hours.
2. SEDP MBA shall pay Two Hundred Pesos (Php 200) daily hospitalization benefit up to five days within a year.
3....
Living Benefits
Upon termination of membership Fifty Percent (50%) of premium contribution will be refunded to member
AT A GLANCE
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AWARDS & CITATIONS
Simbag sa Emerhensya asin Dagdag Paseguro Mutual Benefit Association Inc. (SEDP MBA) © 2021 | ALL RIGHTS RESERVED
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