Covers
COVID-19 cases, pre-existing medical conditions,
and
teleconsultation
with
maximum benefit limit of PH
60,000 per illness per year. Also has National Medical
Network of ever 1,000 Medical
Hospitals and Medical Clincs.
200+
Plan
Coordinators,
20,000+
Accredited
Medical
Specialists and 500+ Dental
Facilities Nationwide.
Features:
✔In-patient
Benefits
✔Out-Patient
Benefits
✔Room
& Board Accommodation
✔Emergency
Care Services
✔Annual
Physical Examination
✔Dental
Benefit
✔Special
Modalities
✔Diagnostic
Modalities
✔Other
Concessions
✔Therapeutic
Modalities
✔Pre-
existing Medical Condition
✔Financial
Assistances thru Insurance
A group term insurance that covers the loan obligation of the member/borrower of the cooperative/financial institution.
Benefits for the Cooperative: Minimize
loan payment delinquency
due to member’s death.
Benefits for the member: Upon
the death of borrower, his/her insured loan will be paid by CLIMBS; thus,
reducing the beneficiary/ies’
financial burden.
Features:
✔Loan
Insurance Coverage for the Member-borrower of a Cooperative or Financial
Institution.
✔Premium
is computed per thousand per month bases.
✔Protection
is usually co-terminus with the term of the loan.
✔Maximum
term of Thirty-six (36) months.
Effectivity: The
effectivity of the Loan Protection shall commence on the date the loan is
release.
Eligibility:
✔Must
be a member of the Cooperative or Financial Institution
✔18-65
years old.
✔For
66-69 years old, graduated rates are applied.
✔In
good health, mentally competent and physically able.
A group term insurance that protects and encourage capital share
and/or savings deposit build-up
with the cooperative.
CLSP
intends to protect the coop member’s capital share and/or savings deposit,
at the same time encourage them to build up more to ensure that their beneficiaries will
receive not just their capital share and/or savings deposit in the cooperative,
but also the coverage of same amount insured from CLIMBS
in case of death.
Premium: The premium for CLSP is equivalent to one percent (1%) of the total share/savings of the member in the cooperative per year.
Effectivity: The protection offered by CLSP is co-terminus with the membership in the cooperative of the eligible member.
(The effectivity of the insurance of an eligible member commences on the month of the first premium remittance up to the period that the member withdraw his/her membership or is terminated from the cooperative or at the time of his/her death.)
Group Eligibility Requirements:
✔Registered entity with the Government
✔The organization must have been operating for at least one (1) year
✔100% Participation requirement but not less than 25 eligible members availing at the same time
✔Group average age of 44 years old
Individual Eligibility Requirements:
✔Must be member-depositor of the cooperative
✔Entry Age 18 to 65 years old
✔Renewable up to 99 (continuous)
✔Exit age is 100th Birthday
✔In good health, mentally competent and physically able
✔Maximum aggregate limit of 300,000 capital share per member
A group accident insurance with natural death and fire cash assistance.
Features: Maximum aggregate limit of 300,000 capital share per member
Eligibility:
✔Must
be 18 – 69 years old.
✔Exit age is 70th Birthday
✔Accident
related benefits will end on 65th
Birthday
✔In
good health, mentally competent and physically able.
✔Member
must have single policy per year per coop only.
✔100%
Participation requirement but not less than 25 eligible members.
✔Maximum
of three (3) policy per household only (for
fire cash assistance).
A group accident insurance coverage with natural death and
daily hospital confinement
benefit.
Features:
✔TERM OF PLAN: One
(1) Year (Renewable)
Eligibility:
✔Must
be 18 – 69 years old.
✔Exit age is 70th Birthday
✔Accident
related benefits will end on 65th
Birthday
✔In
good health, mentally competent and physically able
✔Group
must choose only one (1) Option
✔Member
must have single policy per year per coop only
✔100%
Participation requirement but not less than 25 eligible members
A group accident insurance coverage with natural death
and burial expense benefit.
Features:
✔TERM OF PLAN: One
(1) Year (Renewable)
Eligibility:
✔Must
be 18 – 69 years old.
✔Exit age is 70th Birthday
✔Accident
related benefits will end on 65th
Birthday
✔In
good health, mentally competent and physically able.
✔Group
must choose only one (1) Option
✔Member
must have single policy per year per coop only
✔100%
Participation requirement but not less than 25 eligible members
A group yearly renewable term insurance that covers
five (5) members of the family.
Eligibility:
✔Must
be 18 – 69 years old.
✔Exit age is 70th Birthday for Principal and
Co-insured
✔Accident
related benefits will end on 65th
Birthday
✔Co-insured
dependents who are one (1) year old and not more than 69 years old may also
participate in the plan.
✔The
following are eligible for Children / Secondary Co-Insured slots
& benefits: Parents, brothers and sisters of the Plan
holder/Member, and grandparents, uncles, aunts, and cousins up to the 4th civil
degree when shown that they belong to the same family household. In-laws are also eligible, provided, it can
be shown that they belong to the same family household of the Planholder/Member.
✔In
good health, mentally competent & physically able.
A group yearly renewable term
insurance for KIDS and YOUTH who are laboratory members of the
cooperative or dependents of cooperative members.
Group Eligibility Requirements:
✔Minimum
of 50 persons
✔Only
one (1) option per group
Individual Eligibility Requirements:
✔Must be a member of the laboratory coop
or dependents of the cooperative members
✔Must be 4 to 17 years old; Exit age is on
the 18th birthday
✔Single policy per member per coop per
year only
✔In good health, mentally competent &
physically able
A group yearly renewable term
insurance designed to provide protection for
Barangay
Tanods
and Security Guards.
Individual Eligibility Requirements:
✔All regular, full-time and actively at
work employees or workers
✔18 to 64 years old
✔In good health, mentally competent &
physically able
Participation Requirements:
✔Since this is a group insurance, all
qualified employees / workers are required to participate and enroll at the
same time
✔100%
Participation requirement but not less than 25 eligible members
A rider to Coop Loan
Protection Plan (CLPP) to provide additional protection of the cooperative
members dependents.
Eligibility Requirements:
✔Principal
holder must have an active CLPP coverage of
the cooperative.
✔Age
Eligibility: Coop Members (Principal Holders)
Spouse & Parents of Coop Members: 18 to 69 years old
Children of Coop Members 2: 4 to 17 years old
✔Any
co-insured dependent(s) should be declared upon application and cannot be
declared again by another principal borrower.
✔The
coverage of the Co-insured Dependents will cease its effect if the person
becomes a principal holder;
✔In the event that the principal
holder will die this policy will automatically be terminated.
✔Non-medical, provided at the
effectivity of insurance they are in good health, able to do their usual daily
activities and not afflicted with life threatening diseases or terminal
illnesses.
✔Must fill-out the individual
application form for insurance.
✔Must be remitted together with the Coop Loan Protection Plan (CLPP).