PHCCI members in general are covered with a mortuary plan from CLIMBS up to the amount of PHP50,000.00 per year depending on the premium contributed by the specific member. However, some members may find this insurance coverage inadequate. Thus, PHCCI, as a microinsurance agent of CLIMBS, offers the following life insurance products and/or services.
1. Group Accidental Death Disablement & Dismemberment Insurance (GADDDI)
provides accident insurance to the members with natural death benefits
yearly renewable
16 to 69 years old. Exit age 70 years old
2. GADDI-FUSA
group yearly renewable term
18 to 69 yrs old; exit age 70 yrs old
Accident coverage with Life and Funeral insurance
Funeral assistance may be converted to cash up to 50%.
3. PHCCI Family Insurance
No double coverage
Yearly renewable
18 to 69 years old Planholder
5 to 69 So-insured
If no minor children, the eligible children slots might be given to the family members up to 4th civil degree.
4. COOP Family Plan
Designed to give protection to all the family of the member
Yearly renewable
18 to 69 years old at last birthday (age entry to the plan)
Their legitimate children age from 1 to 17 may also participate.
If no minor children, the eligible children slots might be given to the family members up to 4th civil degree.
5. CLIMBS Life Plan
A partnership with the Cosmopolitan Funeral Homes and Philippine Mortuary Association
Renewable Yearly
6 months constestability on pre-existing illness
May be converted to cash up to 100% of the coverage.