AFPMBAI's 59th Anniversary Cash Bonanza!
I. GEOGRAPHICAL SCOPE AND DURATION
This NATIONWIDE promo will run from January 02 to December 16, 2024
II. MECHANICS:
- The promo is open to ALL REGULAR UNIFORMED SERVICES MEMBERS and ASSOCIATE MEMBERS of the AFPMBAI, as defined in the attached Definition of Terms (Attachment A).
- AFPMBAI Members can acquire raffle entries by applying for the following, from January 02 to December 16, 2024:
- Insurance Plans
- MBAI 5ecure (5-Year Term Plan)
- Saver’s Protection Plus
- MBAI Achiever (Educational Plan)
- Insurance Loans
- Salary Loan
- Policy Loan
- Equity Loan
- Emergency Loan
- Members’ Educational Assistance Loan (MEDAL)
- Special MEDAL
- Expanded Salary Loan
- Housing /Construction/Mortgage Loans
- Insurance Plans
- For approved insurance plans, insurance loans, and housing/construction/ mortgage loans mentioned in item 3, payor-members & borrower-members are entitled to the following raffle entries:
| Products | Raffle Entry/Transaction |
|---|---|
| MBAI iProtek | 1 |
| Insurance Plans |
|
| Insurance Loans | |
| Real Estate Loans |
The basis for the raffle entries shall be the APPROVAL DATE of insurance and loan applications in the system.
- All raffle entries for Insurance plans and loans will be requested by Strategic Marketing Department to and generated by the Information Technology Division thru Accedata. Meanwhile, UPMD will handle submission and verification for MBAI iProtek, and Real Estate Division for the Real Estate Loans.
- The Official Sales Reports shall be generated on or before the reporting dates below:
| REPORTING DATE | SALES PERIOD COVERED |
|---|---|
| 04 September 2024 | 02 January 2024 to 30 August 2024 |
| 18 December 2024 | 02 September 2024 to 16 December 2024 |
- The data gathered shall be stored in an in-house database and shall be subject to two electronic raffle draws on September 10, 2024 (Tuesday) and December 18, 2024 (Friday).
- Back-up winners will be drawn on the same dates as substitutes in case the original winners are not eligible.
III. RAFFLE PRIZES
- The raffle entries will vie for the following prizes:
| FIRST DRAW – SEPT 10, 2024 | Raffle Prizes |
| ANNIVERSARY GRAND PRIZE | One (1) Winner of P590,000.00 CASH |
| SECOND GRAND DRAW – DEC 18, 2024 | Raffle Prizes |
| MINOR PRIZES |
|
| MAJOR PRIZES |
|
| CHRISTMAS GRAND PRIZE | One (1) Winner of a P590,000.00 |
Note: AFPMBAI will shoulder taxes for all the raffle prizes
- All prizes are non-transferable.
IV. DRAWING OF WINNERS
- Each raffle entry will be assigned a raffle number to serve as an electronic raffle entry.
- The electronic raffle entry shall be raffled off using the e-Raffle software developed by the IT Division of AFPMBAI.
- Members can win multiple raffle prizes, provided each prize is from a different transaction. Members can have more chances of winning in one raffle draw with
a higher number of raffle entries (e.g. one raffle entry for a P100K MEDAL transaction; five raffle entries for a Salary Loan transaction worth P500K; 10 raffle entries for a 1M Real Estate Mortgage Loan transaction). - Raffle entries shall be drawn starting from the lowest prizes first, and the grand prizes last. Winning raffle entries shall be removed from succeeding raffle draws.
- The raffle draws will be held on September 10, 2024 (Tuesday) and December 18, 2024 (Friday) at 2:30 PM, at AFPMBAI Head Office, and shall be witnessed by an AFPMBAI Internal Audit representative. Drawing of winners will be documented.
Note:
- Raffle entries that were not picked as winners during the first raffle draw will still be included as entries for the second raffle draw on December 18, 2024.
- Winner of the first raffle draw will no longer qualify for the second draw using the same transaction. However, he/she can qualify again with a differenttransaction within the promotional period.
V. ANNOUNCEMENT OF WINNERS
- Winners will be notified via SMS, e-mail, call out of a representative, and registered mail from the Marketing Division.
- Names of the winners will also be posted on AFPMBAI’s Facebook Page and Official Website.
VI. AWARDING OF WINNERS
- Raffle prizes must be claimed within sixty (60) calendar days from receipt of notification from AFPMBAI. Otherwise, the prizes shall be forfeited and retained by AFPMBAI with prior DTI approval.
- Winners can claim their prizes at:GMA Winners – Marketing Division, 3/F AFPMBAI Annex Building, Col. Bonny Serrano Road cor. EDSA, Quezon CityPROVINCIAL Winners – nearest AFPMBAI Branch or Extension OfficeCONTACT PERSON:PRINCESS MELODY U. AGUSTINAdvertising & Promotions CoordinatorTel. 0995-129-0187Email : pt.ulit@afpmbai.com.ph
VII.
To claim prizes, winners must bring their National ID (Philsys), Service ID, or AFPMBAI ID. If there is none, any two of the following government IDs shall be acceptable:
- Philippine Passport
- Driver’s License
- Voter’s ID
- Postal ID
- PhilHealth Card
- TIN Card
Additional IDs acceptable (for Associate Members only):
- SSS Card
- GSIS Card
VIII.
In the event that the member is unable to claim the prize, an authorized representative can claim in behalf of the member but shall be required to present the following:
- National ID, Service ID, AFPMBAI ID, or two valid government IDs of the winner/member
- Original copy of the winner’s authorization letter
- National ID or two valid government IDs of the authorized representative
IX. DISQUALIFIED PARTICIPANTS:
AFPMBAI’s employees, suppliers, contractors, vendors, agencies and consultants, including their relatives up to second degree of consanguinity or affinity, are disqualified from joining the promotion.
ATTACHMENT A – DEFINITION OF TERMS
- Regular Members – The following are considered regular members:
- Military personnel inactive service of the Armed Forces of the Philippines (AFP)
- Those in active service of the following:
- Philippine National Police (PNP)
- Bureau of Fire Protection (BFP)
- Bureau of Jail Management and Penology (BJMP)
- Philippine Coast Guard (PCG)
- Bureau of Corrections (BUCOR)
- Retired and honorably separated or discharged AFP, PNP, BFP, BJMP and PCG personnel
- Associate Members – The following are considered associate members
- Members of the Reserve Officer Training Corps (ROTC)
- Reservists of the AFP
- Members of the Citizen Armed Forces Geographical Unit Active Auxiliary (CAFGUAA), and Special Civilian Armed Auxiliary (SCAA), Volunteer Fire Brigade, Bureau of Corrections, and other uniformed service units.
- Personnel from the Philippine Drug Enforcement Agency, National Bureau of Investigation, Bureau of Immigration, National Mapping Resource Information Authority, Airport Police, and Customs Police
- Parents, dependents, wives and children of regular members
- Duly licensed private security guards
- Civilian employees of the AFPMBAI, other AFP financial institutions, non-uniformed personnel of the PNP, and other organizations and agencies connected with the uniformed services and major services bureaus
- Graduates of the Philippine Merchant Marine Academy (PMMA), Philippine National Police Academy (PNPA), and Maritime Academy of Asia and the Pacific (MAAP)
- MBAI 5ecure – A five-year term insurance plan offering pure protection with no cash values and no maturity benefit. Upon application this plan is guaranteed renewable for another five years with no medical examination required, or it can be converted to a permanent insurance plan.
- Saver’s Protection Plus – A valuable but affordable investment wherein members are protected for 15 years while paying only within a 10-year period.
- MBAI Achiever- A plan payable within 5 years for children aged 0-11 years old, wherein children are insured, along with a monthly payment waiver in case the members passes away or the member becomes totally and permanently disabled.
- New Loan – refers to salary, policy or equity loans made for the first time using the purchased additional insurance policy or MBAI Protek basic insurance policy. Includes loan renewals where the previous balance is paid by deducting the loan balance from the proceeds of the new loan.
- Salary Loan – a loan for Members with active permanent insurance, subject to maximum of P500,000 loanable amount and take-home pay requirements; can be availed right after the first payment for the permanent insurance policy has been deducted and remitted to AFPMBAI.
- Policy loan – a loan for members with permanent insurance or old basic insurance; Members can apply for the loan after two years of paying for any of the Endowment Plans or after three years of paying for any of the Life Plans.
- Equity Loan – a loan for Members with MBI (AFP) or UBI (PNP, BFP, BJMP and PCG) with maximum loanable amount equal to 90% of the total equity fund that has been accumulated from 50%of the Member’s monthly contribution to MBI/UBI.
- Members’ Educational Assistance Loan (MEDAL) – a loan with a maximum loanable amount of P100,000 applied for by the Member to help defray the tuition cost of his/her child, payable in three years.
- Special MEDAL – a loan with maximum loanable amount of P150,000 applied for by the Member to help finance his/her further schooling or enrolment in masteral degree courses or specialized courses for career progression and advancement
- Emergency Loan – a loan with maximum loanable amount of P75,000 with the lowest interest rate of 5.0% per annum designed as financial assistance in case of specific emergency situations experienced by the Member (e.g. medical or accident-related, personal property-related, or state of emergency)
- Expanded Salary Loan – A loan for 55-year old officers who are going to retire within the year and their lump sum pay has not been computed by AFPPGMC or their Finance Center; maximum loanable amount is P1 million, or amount not exceeding 25% of the member’s lump sum pay benefit.
- Housing Loan – refers to the long-term housing loan facility that can be applied for by Members when purchasing real estate property (lots, house & lots) from the Association’s own inventory
- Mortgage Loan – refers to long-term mortgage loans that can be applied for by Members when purchasing any real estate property outside of the Association.
- Construction Loan – refers to long-term loans that can be applied for by Member in constructing their own house.
- Verified applications – refer to loan applications that have been completed with the corresponding underwriting requirements and verified by the SBUs concerned in terms of the Member’s paying capacity and/or creditworthiness.
- Officers – refer to the higher-ranked uniformed personnel of the different branches of service, starting with the ranks of 2nd Lieutenant (AFP), Inspector (PNP, BJMP & BFP), and Ensign (PCG)
