Quidan Pag-inupdanay Mutual Benefit Association
"Sa MBA Nakaseguro ka kag ang imo Pamilya"
Life Insurance
I.  Contribution - Php 20.00 / week or Php 1,000 per year

II. Coverage
  1. The legal dependents of a legally married member are the following :
    1. The legal spouse.
    2. all legal or biological and/or legally adopted children who are single and 14-day old but not more than 21 years old (twenty first birthday);
    3. all legal or biological and/or legally adopted children who are single and more than 21 years old but disable and incapacitated to work.
  2. If a member is single without children, legal dependents are parents 65 years old and below.
  3. If a member is single with children, legal dependents are children as described in 1.1.b and 1.1.c and not the parents.
III.  Benefit
In case of death of the member or any of her legal dependent, the beneficiary will be indemnified according to the Table of Life Benefits (Table 1) below. Table of Life Insurance Benefits
Length of Continous
Membership
Cause or Total Permanent
Disability
Member Legal Dependants
Less Than 6 Months Due to Natural Death 2,500.00 None
Due to Accident 10,000.00 5,000.00
6 Months Less Than
12 Months
Due to Natural Death 5,000.00 1,000.00
Due to Accident 10,000.00 5,000.00
12 Months Less Than
24 Months
Due to Natural Death 15,000.00 5,000.00
Due to Accident 30,000.00 10,000.00
24 Months or More Due to Natural Death 50,000.00 10,000.00
Due to Accident 100,000.00 20,000.00
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