Salary Loans and Insurance programs for Government and Private Employees
SALARY LOAN INSURANCE
Salary Loan Insurance is a program offered to all permanent and/or regular employees of government or private entities. This program aims to provide better financial services & opportunities to employees.
Salary Loan Insurance
Employees can avail of the different insurance products together with Financial Assistance program. If the employee does not wish to avail of the Permanent Life Plan, a mandatory CGL (Credit Group Life) will take place.
Credit Group Life (CGL)
An insurance coverage required for loan borrowers. The Credit Group Life Coverage will be based on the Principal Loan. The minimum CGL coverage is 25,000. CGL cost per unit is Php4 per 1,000 coverage.
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