Life Insurance Protection Plans

OUR LIFE INSURANCE PROTECTION PLANS

Our uniformed services offer their lives for our fellowmen and country. This selflessness is being complemented by AFPMBAI’s provision of hassle-free, long-term protection with the most affordable monthly payment; ensuring our members are prepared to face any of life’s challenges while giving them peace of mind that their loved ones are taken care of as well.

UPGRADED BASIC INSURANCE (UBI)

  • Insurance coverage and additional benefits for the PNP, BFP, BJMP and PCG members and their families
  • For active members of AFP wherein amount of contribution is based on the percentage of member’s base pay 
  • Members will receive annual equity fund, the amount that will be saved by the member = 50% of the member’s monthly contribution + annual interest
  • Members have higher total living benefit or total accumulated Equity Fund + added high interest will be given to the member when he leaves active service
  • Members and their dependents will receive higher benefits upon unexpected demise of member
  • With higher disability benefit

MODIFIED BASIC INSURANCE (MBI)

  • For active members of AFP wherein amount of contribution is based on the percentage of member’s base pay 
  • Members will receive annual equity fund, the amount that will be saved by the member = 50% of the member’s monthly contribution + annual interest
  • Members have high total living benefit or total accumulated Equity Fund + added high interest will be given to the member when he leaves active service
  • Members and their dependents will receive high benefits upon unexpected demise of member
  • With high disability benefit 

GROUP YEARLY RENEWABLE TERM INSURANCE

  • Insurance protection for members of CAFGU, ROTC, PMA classes, security agencies, cooperatives and other special groups

SPECIAL GROUP TERM INSURANCE (SGTI)

  • Provides a coverage of P16,000 for natural deaths and P32,000 for members who are killed in action
  • P1,000 funeral benefit
  • With disability benefit if incurred while on performance of duty

WHOLE LIFE

  • Life-long protection for the member which shall be paid as long as the member is living or until the member reaches 99 years old
  • Dividends will be received on the policy’s 4th year which will continue every year as long as the member is living if the policy is participating

20 PAY LIFE

  • Life-long protection for the member which shall be paid in just 20 years
  • Dividends will be received on the policy’s 4th year which will continue annually as long as the member is living if the policy is participating

SPECIAL WHOLE LIFE

  • Exclusive for retired officers and enlisted personnel who are 50-60 years old 
  • Extensive coverage at a very affordable amount