GSIS to release annual dividends to active members Members of the Government Service Insurance System (GSIS) will receive their annual cas...
GSIS to release annual dividends to active members
Members of the Government Service Insurance System (GSIS) will receive their annual cash benefit upon the approval the GSIS Board of Trustees.
Cash Benefit is an amount distributed by GSIS annually to active members or policyholders of the life insurance plan as they share in the Social Insurance Fund (SIF) income.
The SIF is derived from all members' contributions, including the income and growth of GSIS investments. This fund also provides GSIS with other benefits provided to members.
Members better recognize Cash Benefit as a dividend.
Members of the Government Service Insurance System (GSIS) will receive their annual cash benefit upon the approval the GSIS Board of Trustees.
Cash Benefit is an amount distributed by GSIS annually to active members or policyholders of the life insurance plan as they share in the Social Insurance Fund (SIF) income.
The SIF is derived from all members' contributions, including the income and growth of GSIS investments. This fund also provides GSIS with other benefits provided to members.
Members better recognize Cash Benefit as a dividend.
GSIS will automatically credit the benefits of all qualified GSIS members to their GSIS unified multipurpose identification (UMID) card.
READ: Update on the release of remaining 3,000 SRI
Holders of compulsory life insurance policies that matured in 2018 and whose agencies were suspended as of December 31, 2018 are also eligible for the benefit.
However, GSIS members whose compulsory policies lapsed in 2018 are not qualified to receive the benefit.
Those whose policies were terminated due to death, retirement, or separation, as well as those with unpaid consolidated loans or premiums for at least 12 months as of December 31, 2018, are likewise ineligible.
For queries on the dividends, members may call the GSIS at telephone number 847-4747 or email, gsiscares@gsis.gov.ph.
To get the latest information, please browse the GSIS website, www.gsis.gov.ph or follow their official GSIS Facebook account, facebook.com/gsis.ph. (GSIS).
QUALIFIED BUT NO DIVIDEND RECEIVED?
GSIS has not missed yet granting this cash benefit to its members.
Last year, 2018, GSIS annual cash dividends were released on December 22, 2018,
On 2017, GSIS cash dividends were granted to its members on December 15, 2017.
GSIS has not missed yet granting this cash benefit to its members.
Last year, 2018, GSIS annual cash dividends were released on December 22, 2018,
On 2017, GSIS cash dividends were granted to its members on December 15, 2017.
If the member has not received a dividend but is qualified according to the requirements, he /she may request to receive the Cash Benefit using Members’ Request Form (MRF), which can be downloaded from GSIS website – www.gsis.gov.ph. DOWNLOAD MRF
Qualified to receive the cash benefits are GSIS members whose compulsory life insurance policies have been in force for at least one year as of December 31, 2018.READ: Update on the release of remaining 3,000 SRI
Holders of compulsory life insurance policies that matured in 2018 and whose agencies were suspended as of December 31, 2018 are also eligible for the benefit.
However, GSIS members whose compulsory policies lapsed in 2018 are not qualified to receive the benefit.
Those whose policies were terminated due to death, retirement, or separation, as well as those with unpaid consolidated loans or premiums for at least 12 months as of December 31, 2018, are likewise ineligible.
For queries on the dividends, members may call the GSIS at telephone number 847-4747 or email, gsiscares@gsis.gov.ph.
To get the latest information, please browse the GSIS website, www.gsis.gov.ph or follow their official GSIS Facebook account, facebook.com/gsis.ph. (GSIS).
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