100,000 QC's senior citizens become GSIS policy holders

January 5, 2010 11:06 pm 

MANILA, Jan. 5 -– Close to 100,000 senior citizens of Quezon City became policy holders of the Government Service Insurance System (GSIS), QC Mayor Feliciano “Sonny” R. Belmonte said on Tuesday.

Belmonte said this developed after the Quezon City government availed of the GSIS's Group Personal Accident Insurance.

He said each of the 100,000 senior citizens gets an insurance coverage of up to P65,000 for a premium of only P52.50.

The GSIS Group Personal Accident Insurance offers the cheapest yet the widest accident insurance coverage in the industry today.

The policy covers an indemnity of P50,000 for accidental death or dismemberment and P5,000 for medical reimbursement. In addition, the policy also covers a P10,000 bereavement assistance in case of the accidental death of the insured.

The policy also offers a 24-hour accident insurance coverage of P25,000 and another P25,000 for unprovoked murder or assault.

The availment of the group accident insurance is an initiative of the Quezon City government, led by Belmonte, who was also once the president and general manager of the GSIS.

"The local government of Quezon City has always been an advocate of preparedness. We want to secure the future of our constituents especially against unforeseen events that may severely affect them and their family's future," said Belmonte.

"With preparedness in mind, we have always relied on the dependability of the GSIS as a pension fund and as the country's largest insurer. We went beyond insuring our properties, we also want to protect the future of our constituents," he added. (PNA)

DCT/JCA

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