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 Uniformed Public Safety Practitioners

Basic Plan

Members Equity Plan (MEP)

With the risks involved in your chosen career, your MEP’s term life insurance gives you maximum insurance protection for an amount you can afford. Plus, your contribution allows you to save money and build your Equity Value.

PSMBFI’s Members Equity Plan provides you with maximum insurance coverage at a minimal cost and an Equity Value which enables you to save up for retirement.


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 coverage.

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.

Wounded in Action Benefit*
Qualified members who sustain major or minor wounds during legitimate PNP/PCG/BFP operations shall receive monetary benefits from PSMBFI.
*For uniformed PNP, PCG and BFP personnel.

Killed-in-Action Benefit*
Beneficiaries of members who get killed during legitimate PNP/PCG/BFP operations will receive the Killed-in-Action Benefit equivalent to 50% of their basic life insurance coverage.
*For uniformed PNP, PCG and BFP personnel.

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.


Optional Plans

Basic Group Term Plan (BGTP)

Members are given the option to boost up their insurance coverage at group rates.

The Basic Group Term Plan (BGTP) allows a member to boost his insurance coverage at a minimal cost. Furthermore, in case of accidental death, the beneficiaries receive an amount equivalent to 100% of the member's BGTP coverage.


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.

The E-56 is intended to bridge the three-year gap from the time a police personnel retires from the active service up to the time he receives his monthly pension from the PNP. 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.


Special Group Term Insurance (SGTI)

The SGTI is a mandatory insurance for the uniformed personnel of public safety agencies.

Special Group Term Insurance (SGTI) Mandatory for all Uniformed PNP Personnel

This mandatory insurance plan was intended to provide financial amelioration for dependents of uniformed personnel of public safety agencies who get killed while still in active service.

Under this plan, a policeman pays P6 monthly and the PNP also gives its share of the same amount. The SGTI provides an insurance coverage of P15,000 and an additional burial benefit of P2,000 for a total of P17,000.

In case a member dies of an accident, an additional P25,000 is given to the beneficiaries.

If a member dies during a legitimate police operation (Killed-in-Action), an additional P25,000 is also given for a total of P42,000.