Last April 21, 2007, MW Jaime V Bantolo, the Grand Master of the Most Worshipful Independent Grand Lodge of Free and Accepted Masons of the Philippine Islands; and Ms Carolina Cajes, the GREPALIFE Regional Manager based at Bacoor, Cavite; signed a mother policy contract for a Group Insurance coverage for qualified members of the IGLPI at the Emilio Aguinaldo Memorial Lodge No 5 with the presence of the IGLPI Grand Officers.
The Plan covers a Life Insurance of P40,000.00; an Accidental Death Benefit addition of P25, 000.00; an Accidental Dismemberment Benefit ranging from ½ to the full sum Assured. The annual premium is P299.80. The Plan covers 18-64 years of age. An Experience Refund Bonus and a Collection Fee accrues to the Fraternity as an added advantage. This culminated the 3 months project of providing a replacement or alternative benefit program to IGLPI members after leaving the GLP.
A separate Seniors Benefit Plan is under process with the appointment of VW Kit Aquino as Chairman of the Seniors Benefit Plan. An initial investment of P400.00 per Seniors and P100.00 for the younger members will start-up the Plan. This had to be proposed as no life insurance provider provides group insurance coverage to those 65 years and above. Both Plans were approved during a District Meeting held in February 2007 at the Farm of WB Pol Toledo at Mendez Nunez.
Under the former Grand Lodge, a member gets P17,000.00 death benefit for a P200.00 annual contribution. A PM gets an additional P10,000.00 death benefit for a P100.00 annual contribution to the Grand Guild of Past Masters.
The IGLPI aim is to serve its members. The nagging issue of benefits became a top priority of an ageing member who kept on pressing on what the IGLPI can provide him at old age that he now expects to receive at death. In response to this was the search for the best plan for the members at the least cost and avoiding the pitfalls that caused other self-managed insurance plan to fail. We trusted the GREPALIFE being the Number 1 Group Insurance provider in the business,
To those who missed this opportunity, please get in touch with your lodge. Please pass to other members dispersed all over the world. Thanks.
We would like to inform the others of our progress. Though existing for 8 months, we have gain great mileage in our efforts to carve our designs in building our temple.
Bro Jim Bantolo
The Plan covers a Life Insurance of P40,000.00; an Accidental Death Benefit addition of P25, 000.00; an Accidental Dismemberment Benefit ranging from ½ to the full sum Assured. The annual premium is P299.80. The Plan covers 18-64 years of age. An Experience Refund Bonus and a Collection Fee accrues to the Fraternity as an added advantage. This culminated the 3 months project of providing a replacement or alternative benefit program to IGLPI members after leaving the GLP.
A separate Seniors Benefit Plan is under process with the appointment of VW Kit Aquino as Chairman of the Seniors Benefit Plan. An initial investment of P400.00 per Seniors and P100.00 for the younger members will start-up the Plan. This had to be proposed as no life insurance provider provides group insurance coverage to those 65 years and above. Both Plans were approved during a District Meeting held in February 2007 at the Farm of WB Pol Toledo at Mendez Nunez.
Under the former Grand Lodge, a member gets P17,000.00 death benefit for a P200.00 annual contribution. A PM gets an additional P10,000.00 death benefit for a P100.00 annual contribution to the Grand Guild of Past Masters.
The IGLPI aim is to serve its members. The nagging issue of benefits became a top priority of an ageing member who kept on pressing on what the IGLPI can provide him at old age that he now expects to receive at death. In response to this was the search for the best plan for the members at the least cost and avoiding the pitfalls that caused other self-managed insurance plan to fail. We trusted the GREPALIFE being the Number 1 Group Insurance provider in the business,
To those who missed this opportunity, please get in touch with your lodge. Please pass to other members dispersed all over the world. Thanks.
We would like to inform the others of our progress. Though existing for 8 months, we have gain great mileage in our efforts to carve our designs in building our temple.
Bro Jim Bantolo
May 11, 2007
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