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The Government Service Insurance System ( Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a government-owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined benefit scheme under the law. It insures its members ...
The Social Security System ( SSS; Filipino: Paseguruhan ng Kapanatagang Panlipunan) is a state-run, social insurance program in the Philippines to workers in the private, professional and informal sectors. SSS is established by virtue of Republic Act No. 1161, better known as the Social Security Act of 1954. This law was later amended by Republic Act No. 8282 in 1997. Government employees ...
The Home Development Mutual Fund ( HDMF ), commonly known as the Pag-IBIG ( Pag tutulungan sa Kinabukasan, I kaw, B angko, I ndustriya at G obyerno) Fund, [a] is a government-owned and controlled corporation under the Department of Human Settlements and Urban Development of the Philippines responsible for the administration of the national savings program and affordable shelter financing for ...
In August 2023, ABSLI announced the ABSLI Nishchit Laabh Plan, a non-linked, non-participating individual life insurance savings plan. Philippines. Sun Life entered the Philippines in 1895, and established its Cebu operations in the 1960s. As of 2019, Sun Life is the number one provider of insurance products to Filipinos.
The Philippine Deposit Insurance Corporation ( Filipino: Korporasyon ng Pilipinas sa Seguro ng Deposito, [1] abbreviated as PDIC) is a Philippine government-run deposit insurance fund. It was established on June 22, 1963, by Republic Act 3591. It guarantees deposits up to ₱ 500,000. [2] The primary function of PDIC is to protect small investors/depositors and build strong confidence in ...
The Philippine Health Insurance Corporation ( PhilHealth) was created in 1995 to implement universal health coverage in the Philippines. It is a tax-exempt, government-owned and controlled corporation (GOCC) of the Philippines, and is attached to the Department of Health. On August 4, 1969, Republic Act 6111 or the Philippine Medical Care Act ...
The insurance division of the state Department of Commerce and Consumer Affairs regulates premium prices only for locally licensed insurance companies.
The State Insurance Fund was created by Act Number 45 adopted on April 18, 1935, known as the Law of Compensation System for Occupational Accidents. Its purpose is to guarantee the constitutional right of all workers to be protected from health risks in the workplace. Through Act Number 83 of October 29, 1992, which amended Act Number 45, a board of directors was established and is appointed ...