Cooperative Protection Services
In partnership with
These include life insurance, loan protection, and health coverage plans designed to safeguard your future and provide financial security for you and your family. Stay protected with Mother Rita MPC.
Life Insurance
Our life insurance plans provide peace of mind by offering benefits in times of unexpected events, helping to protect your family’s future.
GADDDI PLUS
Group Accidental Death, Dismemberment & Disablement Insurance- PLUS
A group accident insurance coverage with natural death and burial expense benefit. Features: - Term of Plan: 1 (One) Year Eligibility: 1. Must be 18 – 69 years old. - Exit age is 70th Birthday - Accident related benefits will end on 65th Birthday - In good health, mentally competent and physically able. 2. Group must choose only one (1) Option. 3. Member must have single policy per year per coop only 4. 100% Participation requirement but not less than 25 eligible members.
DAMAYAN PLUS (MORTUARY)
DAMAYAN intends to protect all existing members of the cooperative and to ensure that their beneficiaries will received the coverage from CLIMBS in case of death. Features: - Term of Plan: 1 (One) Year Eligibility: 1. Must be a member-depositor of the cooperative. 2. Entry age 18 - 65 years old 3. Renewable up to 99 (continuous). 4. Exit age is 100th Birthday 5. In good health, mentally competent and physically able.
FIP
Family Insurance Plan
Secure the well-being of your entire family with Family Insurance Plan. A group yearly renewable term insurance that covers five (5) members of the Family. Features: - Term of Plan: 1 (One) Year Eligibility: 1. Must be 18 – 69 years old. - Exit age is 70th Birthday - MARRIED MEMBER - Spouse (18-69 years old) & Children (1-65 years old) - SINGLE MEMBER - parents and siblings up to 69 years old - SINGLE PARENT MEMBER - Children (1 to 21 years old) & Parents up to 69 years old. 2. In good health, mentally competent and physically able.
Any co-insured dependent(s) should be declared upon application and cannot be declared again by another principal member. The coveregae of the Co-insured Dependends will cease its effect if the person becomes a principal holder; Note: If any of the family are both member of the cooperative the FIP policy applies to one member only. In the event that the principal holder will die this policy will automatically be terminated.
GADDDI
Group Accidental Death, Dismemberment & Disablement Insurance
A group accident insurance coverage with natural death and daily hospital confinement benefit. Features: - Term of Plan: 1 (One) Year Eligibility: 1. Must be 18 – 69 years old. - Exit age is 70th Birthday - Accident related benefits will end on 65th Birthday - In good health, mentally competent and physically able 2. Group must choose only one (1) Option. 3. Member must have single policy per year per coop only 4. 100% Participation requirement but not less than 25 eligible members.
CLSP
COOP Life Savings Plan
A group term insurance that protects and encourage capital share and/or savings deposit build-up with the cooperative Eligibility: 1. Must be a member-depositor of the cooperative 2. Entry Age is 18- 65 years old 3. Renewable up to 99 years old (continuous) 4. Exit age is 100th Birthday 5. In good health, mentally competent and physically able. 6. Maximum aggregate limit off Php 300,000.00 capital share per member.
CLPP
COOP Loan Protection Plan
A group term insurance that covers the loan obligation of the member/borrower of the cooperative / financial institution. Benefits: Upon the death of borrower, his/her insured loan will be paid by CLIMBS; thus, reducing the beneficiary/ies' financial burden. Features: 1. Loan Insurance coverage for the Member-borrower of Cooperative or Financial Institution. 2. Premium is computed per thousand per month bases. 3. Protection is usually co-terminus with the term of the loan. 4. Maximum term of Thirty-six (36) months. Effectivity: The effectivity of the Loan Protection shall commence on the date the loan is release. Eligibility: 1. Must be a member of the Cooperative or Financial Institution. 2. 18-25 Years Old 3. For 66-69 years old, graduated rates are applied. 4. In good health, mentally competent and physically able.
GLAFI
Group Life and Accident with Fire Insurance
A group accident insurance with natural death and fire cash assistance. Features: -Term of Plan : One (1) Year (Renewable) Eligibility: 1. Must be 18-69 years old. - Exit age is 70th Birthday - Accident related benefits will end on 65th Birthday - In good health, mentally competent and physically able. 2. Member must have single policy per year per coop only. 3. 100% Participation requirement but not less than 25 eligible members. 4. Maximum of three (3) policy per household only (for fire cash assistance).
KYSE
Kids and Youth Secure
A group yearly renewable term insurance for KIDS and YOUTH who are laboratory members of the cooperative or dependents of cooperative members. Eligibility: 1. Must be a member of the laboratory cooperative or dependents of the cooperative members. 2. Must be 4 to 17 years old; Exit age is on the 18th birthday 3. Single Policy per member per coop per year only 4. In good health, mentally competent and physically able.
BANTAY PROTECTION
Bantay Protection for Barangay Tanods and Security Guards
A group yearly renewable term insurance designed to provide protection for Barangay Tanods and Security Guards. Eligibility: 1. All regular, full-time and actively at work employees or workers. 2. 18-64 years old. 3. In good health, mentally competent and physically able. Requirements: 1. Since this is a group insurance, all qualified employees / workers are required to participate and enroll at the same time. 2. 100% Participation requirement but not less than 25 eligible members
Non - Life Insurance
Non-Life Insurance provides coverage for your assets and property against unforeseen events such as accidents, natural disasters, theft, or damage. Safeguard your home, vehicle, business, and other valuable assets with reliable protection, ensuring peace of mind when the unexpected happens.
Motorcar Insurance
Compulsory Third Party Liability (CTPL)
Protects the welfare of the public in case of motor car related accidents resulting to death and bodily injury. Eligibility: 1. All regular, full-time and actively at work employees or workers. 2. 18-64 years old. 3. In good health, mentally competent and physically able. Requirements: 1. Since this is a group insurance, all qualified employees / workers are required to participate and enroll at the same time. 2. 100% Participation requirement but not less than 25 eligible members Note: Contrary to Popular understanding a CTPL Policy does not cover loss or damage to properties to third parties.
Comprehensive Motor Vehicle Insurance
To provide financial assistance in case of loss or damage (s) on motor vehicle owned by cooperative member. It also covers the property damage, theft and natural acts of nature such as flood.
Fire Insurance
Prestige (Special Home Package)
Benefits: - Fire and/or Lightning with Earthquake, Typhoon, Flood, Explosion, Smoke, Vehicle Impact, Falling Aircraft and Riot Strike & Malicious Damage. - Rental subsidy : max of six (6) months Php 10,000 per month - Debris Removal: Php 20,000 - Fire Fighting Expenses: Php 20,000 - Domestic Outbuilding Clause: Php 20,000 - Comprehensive Personal Liability (CPL): Php 100,000 - Housebreaking/Burglary - 10% of the sum insured, Php 300,000 whichever is lower: Subject to Php 5,000 deductible - Family Personal Accident:
Micro Fire Insurance
For Cooperative members with affordable annual premium to protect properties in case of physical damages. Eligibility: 1. 18 to 65 years old. 2. Residential Fire Insurance. That the premises to which this insurance applies shall be occupied solely as dwelling and that no manufacturing storage or trading of goods for commercial purposes shall be carried out within the said premises. 3. Comprehensive Personal Liability (CPL). The company will pay on behalf of the insured all sum which the insured shall become legally obligated to pay as damages because of bodily injury or property damage within the insured premises to which this insurance applies. 4. Accidental Death, Dismemberment and Disablement Benefit. The policy will pay for deaths caused by accidents and/or up-to 100% of a person's accident insurance coverage in case of accident. 5.Accidental Death due to Natural Causes. The policy will pay for the death of a person due to natural and Accidental causes. 6. Limitations. - Anywhere in the Philippines except for the following locations. (a) Squatters Area (b) Congested Area (c) Public Market (d) Infiltrated by extremist group. 2 - Class "A" and "B" residential building under hard roof. - One certificate per family - Money and Jewelry excluded.
Residential Fire Insurance
FICA
Fire Insurance with Cash Assistance
KEYMAN
Protection for Class 1 occupational pure white collar job against accidents. For Individual under Occupational class 1 - Strictly non-hazardous occupations; pure white collar. Example: clerk, secretary, doctors, dentist, executives, teachers. Coop Leaders, Managers. Eligibility: 18 - 65 years old
COOP AKSI
A personal accident protection and assistance program for 18 - 69 years old. Scope of Coverage: The plan offers 24 hours a day, 365 days a year, worldwide protection against accident which an insured person may be exposed to in the course of activities related to business or pleasure, whether on or off the-job, occurring in the house or while travelling. Coverage includes but not restricted to flying as passenger (not as crew member) in any commercial airline, on any regular schedule, non scheduled, chartered flight or any military transport operated by any government authority.
Student Personal Accident Insurance
Group Term Accident Insurance coverage designed for Students. Eligibility: 5 - 65 years old (purely student)
