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PRESS RELEASE |
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Public Information Office, Headquarters Philippine Air Force Colonel Jesus Villamor Air Base, Pasay City Telefax (632) 853-5023 local: 6629/6529 Email: pio@paf.mil.ph & paf_pio@yahoo.com
DATE: 23 DECEMBER 2009 MAJ GERARDO M ZAMUDIO JR Director, PIO |
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PRESS RELEASE 23 December 2009
For more information, please contact Ms. Adelina Marieta M. Robles, head, Public Relations at (02) 911-8046 or 911-4051 to 60 locals 249 & 265. Insurance of soldiers now improved
Armed Forces Chief of Staff Gen Victor S Ibrado AFP signed a memorandum of agreement last 17 December 2009 with the President of the Armed Forces and Police Mutual Benefit Association, Inc. (AFPMBAI) RAdm Rufino S Lopez Jr AFP (Ret) that will improve the insurance protection of all personnel of the AFP.
The improved Basic Insurance of AFP personnel provides higher insurance coverage with accidental death benefit, higher disability benefit, higher retirement benefit, higher and faster build-up of loanable amount, and additional P50,000 for those killed-in-action.
Witnessed by the commanders of the different branches of service including the Commanding General of the Philippine Army, LtGen. Delfin N Bangit AFP, the Flag-Officer-In-Command, VAdm Ferdinand S Golez AFP and the Commanding General of the Philippine Air Force, LtGen Oscar H Rabena AFP, the signing of the MOA was held yesterday at the AFPMBAI Boardroom in Bonny Serrano Ave., Quezon City.
The last upgrading of the Basic Insurance was in December 2000 when the coverage was increased to P35,700 for a monthly premium of only P25 for enlisted personnel and a maximum of P85,600 for a monthly premium of only P60 for officers.
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