June 08, 2018

Memorandum Circular 2018 - Amended Benefits for CGLI

To      :   All SBUs

Thru:    GM

Subject:    Amended Expanded Benefits for CGLI by MB Life

Objectives:

1.  To increase benefits for customers who are insured under CGLI
2.  To make insurance more inclusive 

Reality:

1.  We have excluded many customers who are elderly but can still be insured
     by the CGLI

2.  We have done numerous paperworks for those who have purchased more than
     P100,000.00 thus further delaying the insurance.

What:

MB Life has announced that the insurance coverage with them, despite the low level of inclusion (it has to be 5,000 per year) that it will be renewed effective May 2018

Amendments have been made as to insurance coverage effective May 2018.

1.  Insurance max is P600,000

2.  Those who are still insurable age is up to 64 years.

For compliance.

RRURAC

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