Insurance Proposal

Categories: News

The Membership Committee of the Philippine College of Chest Physicians (PCCP) would like to seek your opinion on a new proposal to provide higher insurance benefit to Fellows of good standing ages 64 year-old and below. Our current annual insurance benefit is Php 50,000 (Fifty Thousand pesos) for each Fellowwith the premium being paid by PCCP from our annual membership dues.

We would appreciate if you can give your thoughts and comments to this proposal.

Amount of insurance: Philam Life Insurance Company has offered a Comprehensive PCCP Members Benefit Package, renewableyearly and inclusive of the following benefits:

 

 Benefit

Description

Insurance Amount

Life Insurance

financial assistance extended to the family of an insured member who meets his untimely demise

Php 500,000.00

Accident Death and Dismemberment & Disablement

an amount over and above the Life Insurance for death or dismemberment due to accident

Php 500,000.00

Accident Medical Reimbursement

pays the actual cost, up to the amount selected for medical or surgical treatment and injuries resulting from an accident

Php 50,000.00

 

Annual Premium of Insurance: For the above benefits, Philam Life has pegged the amount of Php 2,307 (Two Thousand, Three Hundred Seven pesos ) for each member enrolled in this package. The PCCP Board of Directors has agreed to compensate the amount of Php 500 (Five Hundred pesos) andproposed that the balanceof Php1,807 (One Thousand, Eight Hundred Seven pesos) will be paid by each member. The premium is renewable annually and each member is expected to pay his/her share consistently. This insurance proposal does not require any pre-qualifying medical examination.

Please answer the survey on or beforeJUNE 30, 2013. If we do not hear from you on or before this date, we will presume that you do not agree to this new proposal.