Our Insurance Programs
PFCCO-Visayas offers comprehensive insurance programs for members through our partnership with Paramount Insurance.
LOAN PROTECTION PLAN - GROUP CREDIT LIFE INSURANCE (LPP-GCLI)
This program is a term insurance that provides insurance coverage on the lives of members who have loans with the Assured/Coop-creditor. The amount of insurance is equivalent to the amount of loan.
Twenty-four hour, 365 days-a-year coverage against death due to any cause, accident or sickness, worldwide in the course of business or pleasure.
There is an assurance that the unpaid balance will not burden the member’s family; provided all individuals who have existing loans from the coop-creditor
and have made representation in their insurance application that they are in good health and actively-at-work at the inception of the policy shall be
eligible for insurance coverage.
DAMAYAN - GROUP YEARLY RENEWABLE TERM (Damayan-GYRT)
This program is a life insurance coverage on a one-year term basis providing for death benefit,
subject to renewal on an annual basis on the anniversary date of the master policy.
This insurance plan offers coverage against loss of life due to either accidental or natural
causes, with worldwide protection. The coverage ranges from a minimum of ₱5,000.00 to a maximum of
₱150,000.00. Eligible individuals must be between 18 and 75 years old, in good health, and either actively
at work or capable of performing daily living activities.