What We Offer
We are committed to help our members by providing them affordable and competitive insurance products and services that go beyond risk-mitigation. Check them out now!
GROUP TERM PLANS
-
This group plan is designed to make the debt die with the debtor relieving the co-maker and the heirs the responsibility of assuming the loan.
Salient Features
Insurable Age: 18-65 years old
Minimum Participation: 15 members/borrowers
Term of Coverage: Coterminous with the loanBenefits
Life Insurance based on the Principal Loan
Non-medical limit of P 5,000,000.00 -
This is a group term life insurance plan for members of the cooperatives or other cooperative-oriented organizations wherein a uniform amount of benefits is provided for each members. Benefits and premium can be customized according to the demographic profile of the cooperative.
Salient Features
Insurable Age: 18-65 years old
Minimum Participation: 100 individual members
Term of Coverage: One (1) Year (Renewable)Benefits
Basic Life Insurance Optional Rider Benefits:
- Accidental Death and Dismemberment
- Total & Permanent Disability
- Burial Benefit
- Daily Hospital Income
- Accidental Medical Reimbursement -
This is a group term life insurance plan for members who have capital share and savings with the cooperative. This serves as an additional benefit on top of member’s capital share and saving.
Salient Features
Insurable Age: 18-65 years old
Minimum Participation: 100 individual members
Term of Coverage: One (1) Year (Renewable)Benefits
Basic Life Insurance based on the Outstanding Balance of Capital Share and/or Savings of the member.
-
A youth and elderly insurance protection which covers from age 18 up to age 99 years old.
Benefits
- Life Insurance Benefit
- Accidental Death and Dismemberment
- Daily Hospital Income Benefit
- Medicine Allowance Reimbursement
- Ambulance Service Reimbursement
- Burial Cash Assistance
MICROINSURANCE PLANS
-
A comprehensive start-up group insurance protection for employees, officers and members of the cooperative or other cooperative-oriented groups. Benefit package includes Basic Life, Hospital Income, and Accident Insurance.
Salient Features
Insurable Age: 18-65 years old
Minimum Particip ation: 15 individual members
Term of Coverage: One (1) Year (Renewable) -
This is a personal accident insurance available for members of the cooperatives in the form of card. Enrollment is done thru Short Message Service (SMS)
Salient Features
Insurable Age: 18-65 years old
Term of Coverage: One (1) Year (Renewable)
Maximum Coverage: P50,000.00Benefits
- Accidental Death
- Accidental Dismemberment
- Total & Permanent Disability -
This is a group term life insurance plan for students who are dependents of the members of the cooperative.
Salient Features
Insurable Age: 3-21 years old (for students)
Minimum Participation: 15 students
Maximum Coverage: P50,000.00Benefits
- Life Insurance
- Accidental Death and Dismemberment
- Burial Benefit
- Accidental Medical Reimbursement -
The KOOPamilya insurance is the newest Microinsurance product of 1CISP which is designed for cooperatives to provide family insurance package to its members.
Salient Features
Natural Death or total and permanent disability
Accident Death InsuranceBenefits
- Protection for beneficiaries
- Beneficiaries will be burden free from the sudden loss
INDIVIDUAL PLANS
-
A 15-year endowment insurance for a fixed amount of benefit and a level amount of premium payable during the first five (5) / seven (7) years.
-
A participating permanent life insurance plan that provides level lifetime protection with annual endowments starting on the age 70.