Public Safety Mutual Benefit Fund Inc.

Your contribution to a PSMBFI Equity Plan entitles you to membership to the association. See which of the plans are right for you.

For Non-Uniformed Public Safety Practitioners

Basic Plan

My Life Plus (Members Equity Plan)

Having adequate insurance coverage is a duty of every responsible individual. My Life Plus gives you maximum insurance protection for an amount you can afford and your contribution allows you to save money and build your Equity Value.

My Life Plus empowers you to take control of your finances. For as little as P100 a month, you get covered with a term life insurance and save up for retirement through your Equity Value


Accidental Death Benefit
In case of death caused by an accident, the beneficiaries receive an amount equivalent to 100% of a member's life insurance.

Accidental Disablement Benefit
In case of disablement due to an accident, a member receives an amount depending on the loss suffered.

Accident Hospitalization Benefit (AHB)
A qualified member who is hospitalized for at least 24 hours due to an accident shall be paid One Thousand Pesos per day of confinement up to a maximum of seven (7) compensable days.

Click here to download the AHB Brochure

Members' Experience Refund
Members receive a portion of the company's earnings that is distributed among qualified members based on their Equity Value.

Access to Loan Facilities
Qualified members may avail of the Salary Loan Plus, Emergency Loan, Multipurpose Loan, Calamity Loan or Policy Loan packages of the association.


Burial Assistance Benefit (BAB)

The BAB is an easy and affordable way to ensure that your family will receive some cash to pay for your final expenses.

The proceeds of the Burial Assistance Benefit (BAB) forms part of the Cash Advance given to the beneficiaries upon the member’s death. Costing as low as P16 per month, this plan may only be availed by Equity Plan members.


Endowment at 56 (E-56)

The E-56 is an insurance and savings plan which allows members to save up for retirement and at the same time be protected with a life insurance coverage. This product helps the member with his expenses after retirement at age 56, prior to his receipt of his monthly pension.

The Endowment at 56 (E-56) is an investment and insurance plan in one. A member pays for this plan up to age 56. Upon reaching this age, the policy holder may choose to receive the sum assured either in lump sum or on a monthly basis. However, if the policy holder dies within the paying period, the sum assured will be given to his designated beneficiary/ies.

All PSMBFI members aged 21 to 50 can enroll in the E-56 and the insurance coverage will take effect upon payment of the first monthly premium.

Amount of sum assured

The amount of the sum assured depends on the insurance age and the monthly premium. The minimum amount of premium is P350.00,while the sum assured can go as high as P3 million.

Available riders

The Accidental Death Benefit (ADB) rider provides additional cash benefit to the beneficiaries if the policy holder’s death is due to an accident. The Waiver of Premium Due to Disability Benefit (WPD) rider waives future premiums if the policy holder suffers total and permanent disability due to sickness or accident.