sedp mba

Pamilya mo ay siguradong protektado!

Sa Oras ng Pangangailangan, May Makakapitan!

As of December 2021

BASIC LIFE INSURANCE

PHP 149,383,883.50

CREDIT LIFE INSURANCE

PHP 30,784,036.00

DAILY HOSPITAL INCOME BENEFIT

PHP 3,098,880.00

TOTAL AMOUNT OF CLAIMS PAID

PHP 183,266,800.00

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

As of December 31, 2021

Membership

Active Members
77,723
Insured Individuals
125,423
Total
203,146

Amount of Premium /Contribution

Basic Life Insurance Plan
35,783,262.00
Credit Life Insurance Plan
8,576,457.00
Total
44,359,457.00

Financial Update

Assets
364,970,886.00
Liabilities
222,523,587.00
Fund Balance
142,447,299.00

Number of Claims

Basic Life Insurance Plan
990
Credit Life Insurance Plan
348
DHIB
560
Total
1,948

Amount of Claims Paid

Basic Life Insurance Plan
23,388,000.00
Credit Life Insurance Plan
5,450,950.00
DHIB
431,600.00
Total
29,270,550.00
Amount of Calamity Assistance
26,000.00
Number of Beneficiaries
13

Claims Update

  • 2021
  • 2020

PRESIDENT’S MESSAGE

REV. FR. REX PAUL B. ARJONA

President and Chairman

AWARDS & CITATIONS

Microinsurance MBA Association of the philippines

(Plaque of Membership)

Social Initiative Against Catastrophe (SICAT)

(Plaque of Appreciation)

Insurance Commision

(Plaque of Recognition)

Simbag sa Emerhensya asin Dagdag Paseguro Mutual Benefit Association Inc. (SEDP MBA) © 2021 | ALL RIGHTS RESERVED

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