MBAI Protek is the basic membership insurance plan for AFPMBAI members approved by the Insurance Commission in September 2018. This plan is effective from date of entry to the service and is mandatory for uniformed personnel from the Philippine Army (PA), Bureau of Fire Protection (BFP), Philippine Navy (PN), Philippine Marines (PM), Philippine Air Force (PAF), Bureau of Jail Management and Penology (BJMP), and the Philippine Coast Guard (PCG), while being optional for the Philippine National Police (PNP). The monthly contribution is either 0.5% or 1.5% of base pay (for the Table of Insurance Benefits, please download the brochure in the link below).
Half (50%) of the monthly contributions is set aside as Member’s Equity Fund to be withdrawn upon retirement or separation from the service. This equity fund grows over time with compounded annual interest and is available for financial emergencies in the form of Equity Loan.
The other half (50%) of the monthly contributions is allocated for the member’s insurance coverage. The member is covered with Natural Death (regardless of cause), Accidental Death (death due to accidental causes), Killed-in-Action (KIA), and Permanent Disability & Dismemberment benefits. Members are also entitled to FREE Comprehensive Financial Assistance Benefits (CFAB), such as the additional KIA Benefit, Wounded-in-Action (WIA), Battle Injury Assistance (BIA), and Burial Cash Assistance benefits.
You will know you are covered by MBAI Protek if you have these deduction codes in your payslip: ‘MBAI DUES,’ ‘MBAI DUES ADDL,’ ‘MBAI PREM,’ or ‘AFPMBAI P.’
For more information, please send us a PM using the Chat box below.