MANILA, Philippines – The Authorities Service Insurance coverage System (GSIS) mentioned on Tuesday, April 14 that it has added P500,000 to the life insurance coverage protection of its members working as medical frontliners towards the COVID-19 pandemic.
GSIS president and common supervisor Rolando Macasaet introduced this in the course of the digital technical working group assembly of the Home Defeat COVID-19 committee on Tuesday, April 14. (WATCH: LIVE: Home committee for COVID-19 digital assembly)
“I’m additionally joyful to announce that GSIS has elevated the life insurance coverage of our medical frontliners. In the present day…a GSIS frontliner, medical frontliner has a life insurance coverage of about P300,000 to P500,000. We elevated it by an extra P500,000,” Macasaet mentioned.
“That is the primary time that the GSIS is doing this in recognition of the heroic acts that our frontliners are doing for our nation and for our individuals,” he added.
Below the brand new “Bayanihan Fund for Frontliners,” GSIS members who’re medical frontliners will get an extra P500,000 life insurance coverage protection, without charge to the member.
The insurance coverage interval is between March 1 to December 31 of this yr and covers deaths resulting from COVID-19 in addition to unintentional deaths.
“Which means, any frontliner when he…goes to the hospital or goes to his manner again residence and one thing occurs to him, he’s additionally lined by this insurance coverage,” Macasaet mentioned.
He mentioned the extra insurance coverage is on high of the P1 million offered by Republic Act No. 11469 or the Bayanihan to Heal as One Act to households of well being staff who died within the line of responsibility.
Macasaet additionally introduced that GSIS members nationwide can borrow as much as P20,000 every, payable over three years at 6% curiosity every year.
“GSIS, for the primary time in its historical past, is granting an emergency mortgage program nationwide. The quantity may run as much as P30 billion as a result of it would cowl about 2.2 million GSIS members,” Macasaet mentioned.
GSIS members might avail of the mortgage now with amortization value round P655 a month. With components of the nation below lockdown, members can apply for the mortgage by GSIS’ official web site.
The Division of Well being mentioned COVID-19 has contaminated not less than 252 well being staff within the Philippines as of April 8. Of this quantity, 152 are medical doctors and 63 are nurses. A CNN Philippines report mentioned not less than 17 medical doctors have died whereas on the entrance strains of the battle towards the fast-spreading illness.
The entire COVID-19 circumstances within the nation breached the 5,000 mark on Tuesday afternoon, with 5,223 contaminated with the illness. The DOH mentioned 335 sufferers died of COVID-19, whereas 295 have recovered. – Rappler.com