Saturday, November 28, 2020

GSIS Raises Life Insurance For Medical Frontliners

GSIS Raises Life Insurance For Medical Frontliners

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The Government Service and Insurance System (GSIS) on Tuesday announced that it will increase the life insurance of medical front-liners by an additional PHP500,000.

During a virtual meeting of the House of Representatives’ Defeat Covid-19 Committee (DCC), GSIS president and general manager Rolando Ledesma Macasaet said the GSIS “Bayanihan Fund for Front-liners” would be in addition to the regular life insurance of the member front-liner based on his monthly compensation.

“GSIS has increased the life insurance of our medical front-liners. A GSIS medical front-liner has life insurance of about PHP300,000 to PHP500,000. We’ve increased it by an additional PHP500,000,” Macasaet said.

“So if a medical assistant passes away, he gets insurance of roughly PHP800,000 to PHP1 million depending on his basic salary,” he added.

Macasaet noted that the new insurance policy is on top of the PHP1 million that the families of health workers who died of Covid-19 in the line of duty will receive under the Bayanihan to Heal as One Act.

“GSIS will add another million so they will receive a total of PHP2 million,” he said.

The Bayanihan Fund for Front-liners covers GSIS members under the Department of Health, health offices, hospitals, medical centers, treatment and rehabilitation centers, including local government unit- and DOH-supervised hospitals. (PNA)

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