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Danvil Plans, Other Pre-Need Firms: Updates
Just like you, I got so bothered when I read on Inquirer.net that 4 pre-need firms are about to collapse. Philip Piccio, president of PEP Coalition, named one of the four as Pryce and then challenged the SEC to name the 3 other firms. One top SEC executive denied there are 3 other failing firms, but the other one confirmed it.
And this after the collapse of 3 Legacy pre-need firms, and long before them, the collapse of CAP and Pacific Plans. Although Pacific seems to be okay now, since Noel Oñate’s Abundance Providers Investments Corp., the new owner of Pacific, promised to buy back Pacific plans at 15% yearly interest. Piccio and his group, however, plan to pursue their case against the original owner of Pacific.
These are some info that I gathered as of today, February 14:
1. On SEC website, Danvil Plans is one of the 24 pre-need corporations with 2009 dealer’s license. Compared to the list of September 2008, the pre-need firms removed were:
Ideal Pension
Legacy
Pacific Plans
There is one new firm on the list: AMA Plans.
On another page there are three other firms with 2009 dealer’s license:
IMG Insurance Brokers
Prudentialife Market Resources, both linked to Prudentialife and
Jardine Lloyd Thomson Insurance Brokers, linked to Philam Plans
2. Philip Piccio, president of the Parents-Enabling Parents Coalition (PEP) who is campaigning for
Pacific Plans open-ended educational planholders, was generous enough to reply to my text about Danvil. He texted back that Danvil Plans is not one of the 4 pre-need firms about to collapse.
3. Jack of Danvil Plans in Makati said that Danvil is very stable. Jack was the one who answered me on the phone when I called the Danvil office in Makati on February 13. I asked him if he knows about the 4 pre-need firms being mentioned about to collapse, and he said that he doesn’t know. He said that what he knows is that Danvil is stable and that it has been paying claims as of date. I asked him why Danvil is not updating its web site, and he said that he will relay my concern to management.
4. According to a list provided by Salve Duplito on her article on Inquirer.net Money Smarts, Danvil Plans is one of the 19 pre-need firms who have signed a document expressing their willingness to increase their capital in 2009 to cope with anticipated difficulties due to low investment rates in the financial markets. The bigger pre-need firms are on the list.
5. My conclusion is that the 4 pre-need firms being reported about to collapse includes Ideal Pension because I read one planholder complaining that Ideal Plan has not given him the proceeds of his plan which has matured in 2008. The other one would be Pryce Plans, which most everybody knows by now has already collapsed way back in 2007. But in fairness to Pryce, it’s doing its best to give something to its planholders. My friend who is a Pryce planholder is getting some benefits through Pryce’s other companies, such as hotel stays, etc. She has also received some amounts of money for tuition.
As for the other two pre-need firms, I’m still checking. I’ll update this article again today after I get home from church. Happy Valentine’s Day to all Danvil planholders.
Pre-Need Corporations With 2009 Dealer’s License as of January 28, 2009
1 AMA Plans Inc. (pension)
2 Ayala Plans Inc. (education, pension)
3 Caritas Financial Plans Inc. (pension)
4 CityPlans Inc. (pension)
5 Cocoplans Inc. (education, life, pension)
6 Danvil Plans Inc. (formerly Berkley International Plans, educational, pension)
7 Destiny Financial Plans Inc. (pension)
8 Eternal Plans Inc. (education, life, pension)
9 First Country Plans Inc. (pension)
10 First Union Plans Inc. (pension)
11 Grayline Plans Inc. (pension)
12 Himlayang Pilipino Plans Inc. (education, life, pension)
13 Loyola Plans Consolidated (education, life, pension)
14 Manulife Financial Plans (educ pension)
15 Mercantile Careplans (educ life pension)
16 Paz Memorial Services (life)
17 Permanent Plans (life, pension)
18 Philam Plans (educational, life, pension)
19 Provident International Plans (life, pension)
20 Prudentialife Plans (educational, life, pension)
21 St. Peter Life Plan (life)
22 Sun Life Financial Plans (educational, pension)
23 Transnational Plans (educational, pension)
24 Trusteeship Plans (educational, life, pension)
Additional List of Pre-Need Firms With 2009 Dealer’s License as of January 28, 2009
IMG Insurance Brokers Corp.
Prudentialife Plans Inc.
Jardine Lloyd Thomson Insurance Brokers Inc.
Philam Plans Inc.
Prudentialife Market Resources Corp.
Prudentialife Plans Inc.
Removed from the Licensed Dealer List of January 2009
Ideal Pension Plans
Legacy Consolidated Plans
Pacific Plans
Listed in the February 2007 list, but no longer licensed since 2008
Classic Plans
Eduplan Phils
Millennium Plans
Primanila Plans
PrimePlan
sources:
SEC List of Pre-Need Firms With 2009 Dealer’s License
Article by Salve Duplito on Inquirer Money Smarts
Comments
227 Responses to “Danvil Plans, Other Pre-Need Firms: Updates”
Leave a Reply
[...] Updates on Danvil Plans as of Feb 14, 2009 [...]
Hi Nora, I think your posting serves now as a leakage about the four pre-need companies up to now are being withheld to be divulged by government agencies. Well, ganun talaga. ‘Ika nga sa kawikaang Tagalog: “May pakpak ang balita, may tainga ang lupa.” Good day.
Hi Nora,please give a more specific answer, about Lifetime Plans (Pacific Plans), I have a pension plan with them and will be finished paying on May 2009. I want to know if it is still doing fine.Hope to get an answer from you. my email ad : klarlisa@yahoo.com
I want to know what is a licensed dealer (which is Pacific is no longer licensed as you stated above. does it mean they are closing,or they are just not going to accept more applciants(not allowed to sell anymore).Does it mean they cannot fulfill their promise? please enlighten me with this, thanks a lot, for being a good samaritan.
Hi Nora. What a great info you have. You seem to be very well updated. Thanks for the info. I was interested because I am a planholder of Danvil plans. Before, I felt na naloko din ako. But that feeling encouraged me to become broker in the financial services industry. So right now I am very much aware how investments, insurances and other financial services work. Baka interested ka ding maging broker, you can contact me. I believe that you will be a very good business partners.
To all who also want to attend FREE SEMINARS about financial literacy, investments, and entrepreneurship, you can contact me at 09053363816. You can also have the chance to own a business in our brokerage program. You can also send me an email to chardbiz@gmail.com for any inquiries.
Good day to all!
Thanks, Richard, for the invitation. So now, you’re an insider. I think you’re in a better position to see what’s really happening in the pre-need industry because you’re working within the industry. I hope you visit this site from time to time and share important updates. You’re a Danvil Plans planholder, I’m glad. I’m interested in what you think about Danvil. Maybe sometime, you can guest post here. Just a short article about Danvil, about what you think, anything that can help fellow Danvil planholders. As you can see in most of the comments, many are asking whether they cash in now with a big big loss, or wait to get either the full amount or the zero amount. As for being a broker. I’m not sure. The environment for selling financial plans seems to be very difficult now in light of these bleak developments in the financial industry. More power to your business. By the way, are you already a member of Sulit? You can advertise your business there freely. If interested in being a member, just please click the red-orange ad on the top-left part of this page. Referral kita. May 1 raffle point ako pag ma-refer kita. Puede ka rin mag-refer later on and join in the raffle. If already a member, good. Have a great day.
so danvil is still in.
thank you
Hello,
I’ve been trying to access Danvil’s website since yesterday, http://www.danvil.com.ph but I always get a page load error or page not found. Does anyone know if it is just down or they have already taken down the site?
Help please, as I am abroad this is the only way I can check my account.
Hi Nora: Any updates on Danvil recently? I can’t login to the e-Member section to check my policy information and status. The website is up but it only contains info upto 2008. Any update you can provide will be well-appreciated.
Thanks.
The latest good thing about Danvil is an info from Hill (in one of the comments on this Danvil Plans article) that he received his check (proceeds of his investment plan) days before the scheduled date at Danvil’s SM Megamall branch.
hi! my husband is due to receive his pension from eduplan. what does not having a license mean? does this mean they wont be able to honor their obligations in the coming years?
I made a little online research about eduplan because I’m not familiar with eduplan. According to a Manila Times article in June 2008, Eduplan decided not to renew its license because of low sales and then opted for voluntary liquidation. If that plan includes all their plans, including pension, then I suggest you should pursue your claims now. If eduplan is still there in its office in Q.C., I suggest you go there and inquire about your plan. I have written an article on how to file a complaint with SEC, based on SEC guidelines. How to File a Complaint Against Any Pre-Need Plan Company in the Philippines But of course, it’s better if you visit first eduplan’s office. By the way, about the license question. What I usually read about license in relation to plan providers is the license to sell. — if the license is suspended, the firm can not sell plans, temporarily until such time that a condition is met.
Hi Nora,I am a planholder of Danvil Plans..For easy payment naka autodebit na sya sa credit card ko..
i am wondering kung bkit ang receipt na narereceive ko is from philippine prudential life insurance corp at hindi from Danvil Plans.
Tin, paki-check lang yong policy mo kung anong company ang issuer. Kung life insurance yan o endowment plan, malamang Phil Prudential ang nag-issue niyan, at Danvil lang ang sales agent. Nagbebenta kasi ang Danvil ng Phil Prudential Life policies. Bukod don, in 2005, ibenenta ng Danvil Plans ang kanyang life insurance portfolio sa Phil Prudential, kaya meron silang special alliance. Ang dapat kasi, sinasabi ng Danvil Plans na Phil Prudential ang issuer kung Prudential ang ibenebenta…
Hi Nora,as I’ve checked my policy, its endowment plan at phil prudential life nga almost lahat ng documents..Hindi kasi nila na explain ng maayos saken nung kumuha ako ng plan sa kanila then everytime na tumatawag ako sa costumer service ng danvil d ko sila macontact…until yesterday ng macontact ko sila sabi nila tlagang sa phil prudential manggagaling ung mga receipt ko…Medyo nagwowori lang ako kasi diba may issue ang phil prudential life ngayon. i dont know if i should continue or stop paying my endowment plan?
Tin, usually pag endowment plans, cash value ang kino-compute pag early termination. Expectedly, konti lang ang cash value lalo na kung few years pa lang. Just analyze na lang, Tin, how much risk you can bear and how much loss you can accept. Parang sugal na Tin ngayon ang pre-need… so sad and so frustrating… Visit Prudential so you’ll see what’s happening there.
hi po, nanggaling na po ako sa danvil pinaliwanag po nila sa akin yung tungkol sa endowment plan ang may hawak nga po nyan ay phil prudential insurance company po yun na hindi sakop ng SEC sa Insurance Commission po sila nakarehistro.
Hi!i want to cancel and refund my plan sa Danvil..how do i go about sa process?im currently overseas..and will not be back in a few months time…thanks for the help.
Hi, Tez, how long have you had your plan? If you’ve just purchased your plan this month, then I suggest you write to Danvil canceling your plan and demanding for a refund of your down payment. You must describe how you were forced/enticed/deceived into giving your credit card. I can refer you to other sites which described how they cancelled their newly-bought plans. But if you’ve had your plan long ago, you can cancel your plan in writing through email and then follow it up when you’re back here in the country. But you’ll get back only a very small part of what you’ve paid. You can see your termination value in your policy. By the way, is your plan from Danvil or Prudential?
Hi, Ces, good you visited the office. And thanks for reminding that endowment plans are supervised by the Insurance Commission and not by the SEC. Wish you visit again and describe your experiences with Phil Prudential so other planholders can learn from your experiences. Thanks
Hello everyone! Danvil and Prudential are very stable. If you want to know why am I confident in saying this or if you want to know what’s behind these financial industries, attend our seminars. Its free. Just text me for the schedules & venue… 09053363816
“Information is the most expensive asset of all. If you think financial education is a waste of time & money, try IGNORANCE.” – Bo Sanchez
Lifted from Inquirer.net Posted 11:48:00 05/06/2009:
3 More Pre-need Firms Face Suspension
MANILA, Philippines— (UPDATE) Three of 22 pre-need companies with a license to sell this year might be suspended by the Securities and Exchange Commission if they fail to fund their deficiencies within a month, an SEC official told a Senate hearing Wednesday.
Merli Joy Pascual, assistant director of SEC’s non-traditional securities and instruments department, identified the two companies that submitted their capital build-up but with “trust fund deficiencies” as Coco Plans, Danvil Plans, and AMA Plans, which has yet to submit its capital build-up proposal.
Coco Plans and Danvil Plans “have to fund their deficiencies within 30 days. If they don’t we will suspend their licenses,” Pascual told the Senate committees on trade, and banks.
The other pre-need companies with a dealer’s license are:
1. Ayala Plans
2. Caritas Financial Plan
3. CityPlans
4. Destiny Financial Plans
5. Eternal plans
6. First Country Plans
7. First Union Plans
8. Grayline Plans
9. Himlayang Pilipino Plans
10. Loyola Plans
11. Manulife Financial Plans
12. Mercantile Careplans Inc
13. Paz Memorial Service
14. Philam Plans
15. Provident Plan
16. St. Peter Life Plan
17. Sunlife Financial plans
18. Transnational Plans
19. Trusteeship Plans
What will happen to my plan at Family First, now Danvil. It will mature next year.
People at Danvil is telling me that their plan is life insurance at not pre-need. Is this true?
Thanks, Epoy, for your timely info. Thanks talaga. Gosh! Bad, very bad. Parang gambling na talaga itong nangyayari sa atin… For me personally, isusugal ko kaya yong higher maturity proceeds ko na ine-expect ko next year? O kunin ko na ngayon na siguradong meron pero only half of what I paid?
Ariel, that’s also my question because my plan also matures next year. I’m still thinking about it.
Ariel, check your policy if it’s from PhilPrudential or from Danvil. If it’s a PhilPrudential life insurance or endowment plan, then it’s a life insurance policy. If it’s from Danvil, then it’s pre-need. From news archives, Danvil has already sold all its insurance policies to PhilPrudential, so what’s left with them are the pre-need plans. By the way, the earlier Danvil plans are named Berkley.
On second thought, Epoy, I’m curious about the other licensed pre-need firms — if they have already submitted their capital build-up plans. I remember, it was PhilPrudential’s license which was first suspended because it was first in submitting its capital build-up plan. If the trust fund of most of the other pre-need firms, excluding SunLife, Manulife, Philam and perhaps Ayala, are also deficient, then it’s really an industry problem and a low fund rate problem (which can hopefully be remedied), not a management problem (which is very bad for us). If the 4 mentioned pre-need firms are deficient in their trust funds, and all the other pre-need firms are not…. I’m getting nervous/angry now…
Makisali naman ako. Di ba ang may problema is prudential plans..Kasi sabi dun sa isa kong nabasa iba raw iyong prudential life insurance…Totoo ba to
Sana we always update ourselves here. Pare-parehas lang tayo nang plight. Lalo n yung magmamature yung plan this year. Balitaan nyo naman kami.
Nora, according to SEC, Danvil and Coco Plans have both submitted their capital build up proposal plan, while AMA Plans has not yet submitted its own. The proposals will be still be reviewed by the SEC. We need to wait for the SEC decision. If the proposals, based on SEC judgment, are still inadequate, the SEC will suspend the license of these firms to sell new policies. We just wish that these firms will be able to pull it through. Our consolation is that, at least, Danvil was able to submit a proposal. We just don’t know if it’s just a sham proposal or really a sincere one.
Nora, i got my plan from Family First which was Berkley then now Danvil. Danvil people are telling me that they are insurance and not pre-need.
Coco Plans capable of covering preneed payouts for 9 years
AMITA O. LEGASPI, GMANews.TV
Article posted May 06, 2009 – 08:06 PM
MANILA, Philippines – Preneed company Coco Plans said it remains capable of covering maturing policies in the next nine years, contradicting government claims that their trust funds are deficient.
Coco Plans still has P1.4 billion in its trust fund, an amount sufficient to cover payouts up to the next 9 years, company president Caesar Michelena told reporters.
“The total amount of maturity that we have to pay out in the next 10 years comes out to a total of P1.6 billion,” he said after the Senate hearing regarding the status of the pre-need industry.
During the hearing, the Securities and Exchange Commission (SEC) said that Coco Plans, Danvil Plans, and AMA Plans have deficient trust funds.
Coco Plans and Danvil have already submitted their multi-year capital build up program while SEC is set to meet with AMA.
An estimated P190 million deficiency in their trust fund can be filled up through the three-year program Coco Plans proposed to the SEC, Michelena said.
The SEC is now evaluating the proposal together with the capital build up program submitted by the Coco Plans.
If the SEC approves its proposal, the company is prepared to infuse P61 million to the trust fund by middle of July, P18 million next year, and another unspecified amount on the third year.
Michelena assured that Coco Plans is paying and will continue paying their planholders.
The company pays “all the maturities on time,” Michelena said. “Everything that are due, we are paying on time.”
He added that the company already secured board approval to infuse additional capital.
Besides urging planholders to continue paying their dues on time, Michelena also said that the company will continue selling preneed products because it is going to deliver what it previously committed.
“All clients who have matured plans or benefits were able to receive benefits on time,” he said. – GMANews.TV
All Rights Reserved. 2006 © GMA Network Inc.
Source:
http://www.gmanews.tv/story/160154/Coco-Plans-capable-of-covering-preneed-payouts-for-9-years#
Cocoplans Inc.
Address: 5th FloorRufino Plaza,AyalaAvenue cornerV.A.Rufino St., Makati CityTel. Nos.: (632) 892-4956to 59;Fax No.: 894-4852E-mail: customercare@cocoplans.comwww.cocoplans.com
ADDRESSING THE TRUST FUND BUILD-UP ISSUE
This is with regards to the news article that came out about the trust fund deficiency of Cocoplans. While it is true that we really do have deficiencies mainly due to paper losses or mark-to-market losses, we have every intention of keeping our dealer’s license and fill in the deficiencies using the regulatory leeway that the Securities and Exchange Commission (SEC) is giving.
DEFICIENCY BEING FILLED
Much attention is drawn to us recently because we are just one of the two pre-need companies who were able to submit a capital build-up plan on or before the April 15, 2009 deadline. Although the submission of a capital build-up plan is an admission of our current deficiency, it is an indication that we intend to stay for the long haul, the deficiency being filled and intend to fulfill our promises to our planholders. This is why we sent a plan to SEC in the first place.
It is just unfortunate that the media only sees the deficiency and not the drive to keep our commitments and the temporary state of the deficiency. In the 15 years of Cocoplans, it is only recently that we are experiencing a deficiency because of the economic times. It is not a secret that other industries and other countries are also having a problem.
Rest assured that we are complying with all SEC regulations and requirements.
DEALER’S LICENSE
We intend to keep our dealer’s license. We have submitted complete requirements and have complied on time with all SEC directives which will ensure that our license to sell remains effective.
TRUST FUND LEVEL
According to our Audited Financial Statement as of December 2008, our trust fund level is:
P1,304,495,471
While below is what we owe for the next five years:
Summary of Maturing Plans from 2009 to 2014
Pension Education
2009 56,150,000.00 1,292,000.00
2010 77,835,000.00 1,865,000.00
2011 86,285,000.00 2,225,000.00
2012 136,505,000.00 2,215,000.00
2013 134,080,000.00 3,736,000.00
2014 194,335,000.00 5,490,000.00
Total 685,190,000.00 16,823,000.00
Total Pension & Education 702,013,000.00
Notice that even in the next five years we have more than enough to cover these plans by the mere trust fund we have allocated. Not included in the trust fund level is the interest it would generate through the years and the additional contributions we have been regularly putting in.
REGULATORY LEEWAY, NOT BAILOUT
We have availed SEC’s multi-year funding scheme known as the Multi-year Capital and Trust Fund Build-up. SEC gave this regulatory leeway to us because they know the nature of the deficiencies (paper losses). Although we have the resources to completely cover any deficiency, we availed of an avenue that the SEC has made available to us.
(SGD.) CAESAR T. MICHELENA
President
by the way, i’m a planholder of Cocoplans and i somewhat have faith in them.
Just want to share with you guys, just recently i’ve e-mailed danvil for the first time since i’ve been a member mainly becoz of what i’ve watched on gma news. Here’s the response…..
Dear Mr. Dela Cruz,
Thank you for e-mail.
In pertaining with your concern, we would like to inform you that while
Danvil Plans, Inc. has a dealer ’s license to sell pre-need plans, it has
not been selling pre-need educational plans since December 2007 and pre-need
pension plans since December 2008, and has only been servicing existing
plans. Any shortfall in its trust fund is merely a paper loss due solely to
the collapse of the stock market. However, its trust fund remains liquid and
sufficient to service any and all claims of its planholders. Thus, it has
not defaulted in the payment of any such claims, and will continue to honor
its obligations.
Please feel free to e-mail us again should you have anymore conerns.
Best regards,
Eleazer L. Francisco
Customer Service Supervisor
Customer Relation Group
Danvil Plans, Inc.
(632) 755-1521
Hi! I’m also one of the planholder in Danvil. I bought the policy 2004 and I’m on my 5th year of payment. Am thinking of refunding it kaso wala pa sa half ng binayad ko ang makukuha ko. Any news from you guys about Danvil would really help me decide.
Hi Guys,
FYI, i sent a letter to Danvil re: GmaNews, here’s their responce….
Thank you for e-mail.
In pertaining with your concern, we would like to inform you that while
Danvil Plans, Inc. has a dealer ’s license to sell pre-need plans, it has
not been selling pre-need educational plans since December 2007 and pre-need
pension plans since December 2008, and has only been servicing existing
plans. Any shortfall in its trust fund is merely a paper loss due solely to
the collapse of the stock market. However, its trust fund remains liquid and
sufficient to service any and all claims of its planholders. Thus, it has
not defaulted in the payment of any such claims, and will continue to honor
its obligations.
Please feel free to e-mail us again should you have anymore conerns.
Best regards,
Eleazer L. Francisco
Customer Service Supervisor
Customer Relation Group
Danvil Plans, Inc.
(632) 755-1521
my danvil plan din ako. my payments will end next year pero sa 2019 ko pa makukuha ang money. do you think dapat ko pang ituloy? may pera pa kaya sila by 2019? or should i get my money now pero 40% lang ng naibayad ko. suggestions/advice naman pls.
hi, im also a plan holder of danvil, i think its an endowment/or from prudential life plan, im currently out of the country and my sister inform me about the news about the submission of the license or something, can anyone here explain this to me..before i decide to cancel and get my refund.thanks..
Maia (Cocoplans), you’re luckier, your president cares enough to take the time to write a press release to assure its planholders. I don’t know what Mr. Villanueva is doing. I’m so disappointed that Mr. Villanueva is not putting any announcement on Danvil’s web site.
Rolly, Mr. Francisco said Danvil stopped selling pre-need pension and educational plans. So what were they selling these past months and weeks? PhilPrudential Plans? I know they’re selling something this 2009 because of the complaints I’ve read on many Pinoy blogs about their aggressive selling tactics and about how they canceled their plans and got back their down payments.
Anthonette, can you check your plan if it was issued by Philippine Prudential Life Insurance Plans Co.? I just found out now that this company is not the same company whose license to sell pre-need plans was suspended by the SEC. Kindly refer to the comments of Rolly here and my explanation: My Mistake
Nora, that’s something i don’t know. Wala rin kasi ako sa Pinas. Sana kung meron dito na galing doon, magsabi sana kung ano na ang binebenta nila ngayon. Sumagi rin yan sa isip ko….Hopefully, sana lahat tayo makuha natin ang pinaghirapang pera.
Thanks, Epoy, for your comments. I just wish Mr. Villanueva makes some statements on his web site, just like what the other presidents of troubled companies have done.
Yeah, Anthonette, check mo iyong sa iyo. Kasi itong sa akin, tinurn-over nila sa Prudential Life Insurance Co. and not the Prudentialife Plans. Makikita mo iyon sa receiprt na natatanggap mo….
Ariel, I think they say those things because they’re sales people. Their license to sell is a pre-need license and they’re under SEC. Siguro kasi they’re selling Phil Prudential life insurance plans, kaya sinasabi na lang na ganoon, at bad word kasi sa marami ang pre-need ngayon…
HR, can you check your plan if it was issued by Philippine Prudential Life Insurance Plans Co.? I just found out now that this company is not the same company whose license to sell pre-need plans was suspended by the SEC. Kindly refer to the comments of Rolly here and my explanation: http://www.workingpinoy.com/2009/05/i-have-to-correct-my-mistake-prudentialife-plans-inc-is-different-from-philippine-prudential-life-insurance-co-inc/” rel=”nofollow”>My Mistake If your plans are from Phil Prudential Life (although sold by Danvil), then you can visit the web site of Phil Prudential to get some more info… Please comment again because I’m curious about the plans Danvil are selling now…
Grace, thanks for the comments. About updates, kindly refer to comments from Rolly here — he has just received an email from Mr. Francisco of Danvil.
HI Rolly & Nora – thanks for the info. It’s really helpful. Would you mind if I ask what’s the email address of Mr. Francisco. I’ll frequently check this site for any updates. Hope Danvil’s fund will be sufficient still by 2019.
No problem Grace, mine will be on 2017…..
Hi, Im also a planholder of danvil. My plan will mature next year naguguluhan ako what to do kung kukunin nalang ba yung 50% ko o antayin yung feedback from SEC & Danvil itself hindi naman sila naglabas ng assurance na mababayaran paba nila yung mga existing planholders or any explanation of what is happening right now. Thanks for the updates.
Ann, basahin mo yung latest na sulat nang Danvil sa akin ….. Just cross your finger some more, and hopefully you’ll get all your hard-earned money. Pero, kung kukunin mo na ngayon ang 50%, in behalf of Danvil, magpapasalamat na ako sa iyo dahil parang binigyan mo sila nang pera. Next year ka na….I think just wait……
Based on Rolly’s post regarding the email from Danvil – YES, it’s true that SEC temporarily canceled their license to sell pre-need plans because of trust fund deficit. I know this because I went to one of their branch the other day. And I was really shocked and frustrated ng malaman ko yun! If since 2007 pa eh nacancel na ang license nila, then dun pa lang alam mo ng may problema (thanks to SEC’s incompetence!) Right now if you are thinking kung ano pa binebenta nila, I think insurance plans na ang mga yon because they tied up with Philippine Prudential Life. This is totally different with Prudentialife Plans as the first one is an Insurance company and the latter as a Pre-need firm.
As for me, I am already decided to cancel all my plans. I don’t care anymore kung sobra laki ng lugi ko as long na may makukuha pa ako at this point in time kesa naman totally wala na ako makuha in the future. Pero if risk taker kayo, then go ahead by all means. Just be prepared of whatever the outcome is. Just my 2 cents!
To Ann, if your plan is about to mature next year then I think antayin mo na lang. The risk there is minimal. Ang swerte mo kasi you only have months left before you actually get the lump sum of your hard-earned money. Ako kasi kaya icacancel ko na eh my plans will mature on 2013 and 2019 pa – too risky to wait!
Mark, based on what Mr. Francisco has written,
“Danvil Plans, Inc. has a dealer ’s license to sell pre-need plans, it has
not been selling pre-need educational plans since December 2007 and pre-need
pension plans since December 2008, and has only been servicing existing
plans.”
There was no mentioning of temporary cancellation of dealership license, in fact, if you browse SEC site until now they still have license to sell but as what has been said ‘they are not selling it since 2007(educ) & 2008(pension) which is totally different from cancellation. It’s their option whether to sell it or not. At kung tatanungin mo ako kung ano ang binebenta nila ngayon, wala ako masasagot, pag-uwi ko siguro saka ko aalamin lahat. Whether they’re telling the truth or not, that’s one thing. Kaya it’s important na paikutin natin itong blog na ito. To get info…
One thing more, SEC has given all other ailing pre-need company until the 15th of this month to submit their plan for capital build up. Yun eh para pampunan sa trust fund deficit nila. Yun nga lang ang nangyari sa Prudentialife Plans, yung sinubmit nilang plan eh real estate na di naman profitable, much less, earning. Kaya sinsuspend nang SEC ang kanilang dealership license. From what I know, Cocoplans and Danvil have submitted their own plans. As to the outcome of their report, wala pa ako balita. Hopefully, kung meron kayong nabasa paki-paste naman dito. For our information. Kaya up to now, di pa cancelled ang license nang Danvil. Wait tayo until the 15th or so…of this month. Then maybe we can think of our alternatives. Hopefully nga lang SEC will buy whatever Danvil has offered them for capital build up.
Mark, let me quote you “I know this because I went to one of their branch the other day. And I was really shocked and frustrated ng malaman ko yun! “. Did somebody really tell you that they’re license has been cancelled, whether temporary or not? Or, you just assumed it ‘coz they’re not selling it anymore? Because according to this,
http://www.sec.gov.ph/pre-need/Pre-Need%20Directory%20(2009)%20-%20dealers%20jan2009.pdf
Danvil has dealership license. So kung natemporarily cancel sila at nitong Jan 28, 2009, according to this report, eh na lift yun, it’s something we should be happy about. Kasi di malilift yun kung di sila nagpakita nang sapat na halaga para punan yung obligation nila. Which i doubt, kasi hinihingan nga sila nang SEC for a plan for capital build up. And they’ve submitted, let’s hope nga lang na SEC will buy it off or at least be lenient.
Hi Rolly, thanks for quoting me on that one. I apologize for the confusion, I have used the term “cancel” which is wrong. I assume too much, sorry. Yes to clarify that, they still have a dealer’s license. But don’t you think it’s kinda weird that they stop selling pre-need plans? Dun lang ako nashocked kasi di ko alam. Any reasons stated in the e-mail by Mr. Fransisco regarding this?
As regards to what they are selling right now, puro plans na ng Philippine Prudential Life. This is what the agent, who assisted me that day, told me kasi tinanong ko siya kung since di na sila nagbebenta ng products nila then ano pa binebenta ng mga agents niyo (pertaining to the people inside the room)?
And yes, the agent also mentioned that they already have submitted plans para mapunan yung trust fund deficit sa SEC. So now, depende na SEC ang decision. Let’s hope for the best for the sake of others. Ako kasi decided na talaga.
Mark, no problem. In fact, dapat ka pa namin pasalamatan dahil you are giving us firsthand information. As to your decision, we do respect it. At least may firm decision ka kaagad based on your assessment of the situation. Ako rin may dalawang plan sa Danvil, iyong isa 2012 maturity at iyong isa 2017. Pero undecided pa rin ako kasi I’m still gathering up as much information as possible to make a logical and informed decision.
Mark, patungkol dun sa weirdness kung bakit di na nagbebenta nang plan nila ang Danvil. Maybe nakita rin nila na kapag nagbenta pa sila di na nila kaya itong bayaran pagdating nang maturity. It’s precisely the same reason why SEC is cancelling licenses of many pre-need plan companies nowadays. Pero let’s us not equate cancellation of dealership license to bankruptcy. Yan ang maling notion nang iba, akala nila kapag nakancel ang license to sell, wala nang pera ang kompanya para bayaran sila. I’m not pro-Danvil, frustrated and disappointed din ako sa kanila, pero what happened to Legacy is different from what’s happening to Danvil now. Legacy’s problem is more on mis-management. Nagsiguro iyong president nila tapos nagfile nang bankruptcy, iniwan na lang mga planholders sa ere. Isa ang Cocoplans sa ilang company na maaring macancel ang license to sell new plans, pero kahit macancel nga ito they’re still equipped to pay until 9-10 years nang mga plans na magmamature according to GMA news. Also, see Maia’s comment. Prudentilife plans, based on GMA news, also informed the public that they have the capacity to pay all planholders. Cancellation of dealership’s license only means that the company no longer can sell new plans. Bottomline is, we should always be vigilant and informed on what’s going on around pre-need industry to come up with a good decision. Salamat Mark.
Thanks Rolly and Mark for your advised. So far I can’t decide yet so might as well wait for any statement from danvil or SEC.
Wow, thanks, Rolly, for actively participating in the discussion and for answering a lot of the questions. I’m glad you’re putting efforts to share your info and opinions as I’m here in our storm-battered province, with unstable electric and Internet connection. Thanks also to Mark for explaining your decision and giving advice to the others. Thanks also to the others. Let’s help each other with our info and our opinions.
im a plan holder and stop to pay monthly.i want to cancell and want to claim the money?pls i need an answer thanks…
Gud day to all and thanks to Richard, Mark, Rolly and others for their inputs on Danvil Plans. I’m also an FFI (now Danvil) policy holder to mature in 2016. I’ve inquired also with their (Danvil) SM Megamall branch office the other day and was appalled, feeling disgusted what will happen to my hard earned investment as future provider for my family, (or is it Danvil?). Bottomline is, we should always be vigilant and informed on what’s going on around pre-need industry to come up with a good decision and PRAY that we will reap the rewards for our endeavors.
salamat sa mga comments nyo hirap kasi makibalita pag nasa abroad nakakakaba tuloy nyo lang update. 2012 pa kasi maturity ko sa FFI(Danvil). sana maging ok plan ng danvil for buildup ng funds.
hello people, like most of you here i also intend to cancel my plan with FFI (Danvil)… mine will mature sa 2015-Nov pa… i wrote an email to Danvil last friday and got a reponse today… so basically this is what i’ll get if i terminate my plan now..
RE: Policy: FPN041640
Thank you for your e-mail of 15 May 2009.
Our records shows that your plan under policy number FPN041640 is fully paid. Should you decide to pre-terminate at this stage you will be entitled to a refund of Php 33,352.50 or 50% of the Actual Amount Paid to date. This is in accordance with the provision on Plan Termination Value (PTV) in your contract provision. Please see attached plan termination schedule for your reference at your policy. As respectfully pointed out before, any decision to pre-terminate is disadvantageous to the client.
Should you decide to avail your Plan Termination Value, you need to send us a signed letter of cancellation, and your PTV check will be available thirty to forty five (30-45) days after you have surrendered your contracts that pertains with your policy.
Please feel free to e-mail us again should you have anymore concerns.
Best regards,
Eleazer L. Francisco
Customer Service Supervisor
Customer Relation Group
Danvil Plans, Inc.
(632) 755-1521
just want to share also that i wrote a follow up email & Mr. Francisco likewise replied… though im already decided to pre-terminate my policy but i still wrote to him just to get something that might be of interest to other’s and here’s his reply..
Subject: RE: Policy: FPN041640
Thank you for your e-mail of 18 May 2009.
In pertaining with your concern, we would like to inform you that while Danvil Plans, Inc. has a dealer ’s license to sell pre-need plans, it has not been selling pre-need educational plans since December 2007 and pre-need pension plans since December 2008, and has only been servicing existing plans. Any shortfall in its trust fund is merely a paper loss due solely to the collapse of the stock market. However, its trust fund remains liquid and sufficient to service any and all claims of its planholders. Thus, it has not defaulted in the payment of any such claims, and will continue to honor its obligations.
SEC also already released their result of evaluation with status of company and they assure our capacity to meet our obligations.
Please feel free to e-mail us again should you have anymore conerns.
Best regards,
Eleazer L. Francisco
Customer Service Supervisor
Customer Relation Group
Danvil Plans, Inc.
(632) 755-1521
hi eleazer im josephine capitle i emailed 3x here and i didnt get the answer could you pls.do reply thanks.what should i do?ima plan holder to berkey and now danvil then i stop the payment for monthly last year.and i want to claim the money and my policy is fcn619080.could you pls.update me.many thanks
Hi, Josephine, try using these email addresses: mypolicy@danvil.com.ph or efrancisco@danvil.ph Both of these will reach Eleazer L. Francisco, the Customer Service Supervisor of Danvil Plans.
Hi, Wero, thanks sa updates kahit you decided to terminate na. I respect your decision although I feel sad about your loss of more than 33 thousand.
all i can say is make sure you understand what the issue is all about before you decide and the more planholders preterminating their plans the bigger the profit margin for the company.
ok lang na terminate nila sure na may pera sila makukuha . negative result sa mga magpapreterminate. advantage sa maiiwan at sa danvil.
Hi, tnx for all the updates, at least medyo nalilinawan ako sa kung ano ang dapat gawin tho’ talagang malaki ang lugi para sa cancelled plan. anyway sana na nga lang may pera pa ang danvil by 2016 the time of my policy’s maturity date. mahirap din kc magpa cancel pag wala ka sa pinas, pero kung totoo ung makukuha mo ang 50% within 45 days, parang ok na rin magpacancel.. pls. continue to give us an update from those who already receive a refund.
Hello po sa mga danvil planholder,meron po akong 15 year endowment plan.5 yrs to pay-10 yr waiting period.pagkatapos ko po bang mabayaran in 5 years ilang percent ba makukuha ko kung hindi na ako makapaghintay ng another 10 yrs waiting?
Hi, Ed. Malamang yong plan mo is from Philippine Prudentialife, kasi yan ang ibenebenta ng Danvil. Paki-check na rin yong chart ng cash values. Meron akong Philam life insurance at meron itong chart, i-mu-multiply ko yong number under 5 years sa kung ilang 1,000 pesos sa face amount ng plan ko. I checked the web site of Phil Prudential, sabi don “Cash values accumulate fast.”
Hi Nora and the other danvil planholders. As promised, I’m back to share with you if I’m able to collect my maturity benefit. Well, yes I was able to collect. I filed my claim on May 6 and got the check on June 2 and deposited it the following day. When I checked my account today, the check has already cleared. Just to share with you, the check was issued by the Cash/Trust Dept. of Land Bank Head Office and not by officers of danvil. My guess is danvil approves the claims and sends them to Land Bank for issuance of the check. So I think for as long as the trust account in land bank has money, all claims that come will be paid. Now the question is how much money does the trust account contain? We don’t know that because danvil is not announcing it unlike cocoplans. For now, we’ll just take SEC’s word that all the pre-need companies with licenses can meet their obligations. So I hope my report would somehow help the other planholders in deciding whether or not to continue with their policies. Thank you Nora for having this site and for being the eyes and ears of all danvil planholders.
Jun, thanks for the updates….
Thanks a lot, Jun, for visiting again to share with us your good news. And thanks for the details. Hope you update us again if you hear or read something about Danvil or the other pre-need firms.
hi! i have been searching the web for articles or anything about danvil and phil. prudential because like all here, i too am an anxious plan holder. i just want to have a support group basically. i just want to know if danvil is a legit company or phil prudential, whichever. i am still interested in keeping my endowment policy (and i still have a long way to go) i just hope i get what is promised. so please, please keep updates coming, guys.thanx!
Hello, Tetay. I like your term ’support group’ — it evokes a warm feeling.
Sa lahat ng planholders, continue the plan. wag nyong i-cancel lalo na if waiting for maturity na lang kayo.Now, if you are really in doubt, attend our seminars para maintindihan nyo ang takbo ng financial industries. Matutulungan ko pa kayong kumita. I agree with most of the comments here. I’m also a planholder of Danvil & active pa rin ako sa accumulation period ko. Although hindi talaga sya ang best company, I believe na they can hold to their claims as long as you stick with your policy. Don’t terminate. Andyan na yan. If nag-cancel ka, sure na ikaw ang lugi. Why not wait longer for a bigger chance of not losing. Again, I invite you all to attend our seminars, it will really help you a lot in terms of your financials. Just contact me for the scheds… 09053363816
to Nora re: you reply -HR on May 7th
you told me to check if my insurance was issued by prudential. i checked my papers and did not see prudential on any of them. I only saw Berkeley Plans Inc. is that good or bad?
sorry for the late reply been busy. but i’m glad that I can find updates here coz danvil does not issue any notice to update the planholders about their status. i guess maybe i’ll just take Richard’s advice to continue paying.wait does Richard work for Danvil?
Hi HR! No, I am not from Danvil. I’m just a planholder. Same experience like the rest of you when it was introduced to me. I felt that I was scammed that time. So I made researches and the like. Until I found myself entering the financial industry which helped me a lot not just with the updates but also with my personal financial life. I am a part time broker & a financial consultant but also a full time engineer. We conduct lectures about financial literacy and all sorts of investments like mutual funds. That’s why I also have a good background about financial services like preneed and insurances. So if you also want to increase your financial knowhow, attend our seminars. We can also give free financial coaching. Just txt me if interested.. 09053363816
Hello, HR. I asked if your plan is PhilPrudential because I figured you’d be better off with an insurance plan than a
pre-need plan, with the uncertainties surrounding pre-need firms today. Besides, I initially thought your plan is an endowment/insurance plan because of the length of time you mentioned. Also, all Berkley insurance policies were bought by PhilPrudential in 2007.
Since you said your plan is an insurance plan and issued by Berkley, your plan was among those bought by PhilPrudential in 2007. But too be sure, can you email Danvil’s customer service supervisor Eleazer L. Francisco at efrancisco@danvil.ph about this. And then kindly share the answer you get. It would be good info for us.
Hello, Richard, thanks for your advice and offer of free financial coaching. What investment companies/mutual funds do you carry?
Hello mga ka-Danvil. Hello Nora. Dito lang po ako, nagbabasa sa mga updates. Kapag medyo may gusto clarify, for the sake of information drive about Danvil, magsusulat po ako. Before 2007, Family First Inc. was the marketing arm of Berkley International(Life Insurance * Plans). Yung name nang mother company natin before makikita po natin sa upper left hand nung full payment certificate po natin. Anu-ano po ba ang binebenta nang FFI noon before 2007. Una is Future Provider Plan. Second, is yung tinatawag na Protector Plan. Third, Family Shield Plan. So anu-ano po ba ito, kailangan po natin maintindihan para di po natin napapagpalit palit. Pare-parehas kasi may plan sa huli kaya nagkakalituhan. Una is itong Future Provider Plan, actually ito po yung unang binenta sa atin nang FamilyFirstInc na ngayon po ay naging Danvil Plans Inc. Hanggang ngayon po ay under Danvil Plans Inc., ito po yong plan po natin talaga na sisingilin po natin sa Danvil upon maturity. Ito rin po yata yung gusto ibenta before sa Legacy Plans. Iyung pangalawa po is Protector(di ko na lalagay yung plan para di malito ang iba). Ito po yung group insurance na binenta po sa atin nang FFI malamang sa pangalawang pagkakataon na pumunta kayo sa opisina nila. Ito po iyong insurance na binenta nang Danvil sa Philippine Prudential Life Insurance Co.(not Prudentialife Plans). Makikita po ninyo yan sa resibo na natatanggap nyo kung kumuha po kayo nyan before. At third, is iyong Family Shield(then again tinanggal ko yung plan for the sake of clarity), ito po yong insurance na kung napanood nyo sa “The Probe” eh nirereklamo nung isang ka-Danvil natin na di pinaliwanag sa kanya na walang babalik na pera sa kanya. Ito po yung on top of the 2mil insurance sa Protector + 2milyon pa poh. At hindi po totoo na di pinaliwanag na walang babalik na pera, kasi ako just a month ago ko lang pinaterminate at ako po ang nagsasabi sa inyo pinaliwanag sa akin. So to summarize, iyong plan po natin ay sa Danvil po natin sisingilin at iba po ito sa Protector which is the insurance part na binenta naman sa PhilPrudLifeInsuCo. Yun lang po.
Hello, Rolly, thanks sa iyong clear explanations. Learned a lot, kasi ang nakuha ko lang is the first type — the Future Provider Plan. Di na talaga ako kumuha ng second kahit anong marketing style ang ginamit nila. So ang mga sagot ko lang dito is from extra readings, such as on PhilPrudential’s web site. Rolly, I like to put your explanations on the post page, para mas accessible sa iba, kasi your explanations clear up some things. I’d just like to ask you for some more, para clearer pa. Yong sinasabi mong third type (Family Shield), ano kaya siya doon sa products being offered on the PhilPrudential’s web site? Andon ba siya sa Individual Plan (na may mga endowments) o sa Group Plan? Yong second type (Protector), pure insurance ba ito? (yong wala talagang makukuha habang alive yong insured? o may investment portion?) Thanks again, Rolly, for taking time to share…
Hi Nora,
I have a savings/pension plan with Ideal Pension Plan that matured last August 2008. Until now we cannot claim any money. Every time we ring them they give us excuses like their president resigned, no cheque signatory, person issuing cheque on holiday etc etc. Could you please advise what is the best step we should take against them? According to your post, Ideal are no longer licensed. What does this mean? Are they no longer allowed to sell plans?
Hello, Gigie, i hope Jun or Hill reads your query and answer it because they’re the ones who have filed their claims. But I think among the requirements for filing claims are your certificate of full payment, your plan documents and copies of IDs.
Hello, Jay, according to the SEC web site, this is the way to file a complaint. How to File a Complaint I advice that you do it so that you can start the process. Yes, accdg. to the SEC lists of licensed pre-need firms, Ideal Pension was last listed in the September 9, 2008 list. Sa pagkakaalam ko, pag wala na SEC license to sell, di na sila puede magbenta ng pre-need plans, but they should still continue to service their planholders. Yong Permaplans at Prudentialife, wala na sila SEC license to sell pre-need, pero nag-ooperate pa sila in limited capacities. Ganon din yong CAP, Pryce Plans at iba pa. I-file mo muna yong complaint, tapos pag walang mangyari, lapitan ninyo si former Senator Rene G. Espina, former chairman ng Ideal Pension, accdg. to the Sept 2008 SEC list. Nakita ko sa zoominfo.com na the former senator is the same Rene Gandiongco Espina in the Ideal Pension SEC info. Ewan kung may gumawa na nito among Ideal Pension planholders — puede kayo mag-create ng blog sa Blogger (which is free and easy to do) para maka-create kayo ng group para you can help each other. Hope this helps…. If I come upon helpful info, I email you.
Hi Nora, pasensya na sa late response. Sasagutin ko yung mga tanong mo base lang sa nalalaman ko. Kasi last visit ko sa kanila was 2003, beyond that hindi ko na alam kung ano na details nang mga binebenta nila. Hopefully, makauwi ako at aalamin ko yang lahat. Patungkol dun sa Protector, yes purely insurance lang siya na kapag nabayaran mo iyong premiums for a period of ten years, at hindi mo nagamit, ibabalik sa iyo lahat nang premiums mo pati iyong downpayment. Dun naman sa FamilyShield, ito yong additional pang claims, kung sakali, knock on wood, may mangyari sa iyo. Pero ito ang catch, walang return of investment dito. Kung ano na ang mga tawag sa mga ito, i really don’t know Nora. But lately ko lang pinaterminate yung FS ko. At saka pala iyong Protector yun na ngayon yung PhilPrudLifeInsuco…..Hopefully, natulungan kita.
Thanks again, Rolly, for the additional info — very helpful. Will use info in one of my next posts.
I’m a plan holder from family first ngayon worried lng me kc dati ung billing monthly is danvil don sa 6 ngayon 1 na lng tapos prudencial na ask ko lng la nba ung danvil pano ung pera namin end of payment namin is 2012 makukuha namin 2017 meron paba o wala thanks pls help us
Hi again Ma’am Nora! Marami kami hawak na investment firms. Sakop namin lahat ng financial services except lending. Affiliate namin ang Philequity(no. 1 mf company in terms of stocks & equities), First Metro by metrobank, Philam Assets & MAA. For healthcare services, intellicare, medicard & kaiser(long term). For real estate, Crown asia & Ayalaland. Madami pa actually. Kaya I suggest na umatend ka din ma’am Nora nung seminars namin. Marami din yun. We can help you become a broker or better yet, become a financial adviser. So many things that you can learn. Text nyo lang po ako 09053363816.
Update lang sa mga Danvil plan holders na katulad ko. I just called their customer service hotline. Medyo matagal nga daw sila sumagot dahil daw maraming tawag, but they told me that their trust fund is enough to cover all planholders. In tact pa rin daw sya. Though alam natin na stop selling ang preneed ngayon dahil sa bago & mas pinahigpit na regulatories ng SEC ngayon, it doesnt mean na hindi na nila ma-accommodate mga previous planholders. Kung anu nakalagay sa mga policy natin, they should stick to it. Walang mababago. Or else, its a breach of contract. This is also true for other preneed companies like prudential. So, the most important thing to do is become aware and updated of what’s happening sa mga financial industries.
Hello, Tess. Puede clarify ko lang — bale 7 Family First plans ang nakuha ninyo noon, then ngayon isa na lang yong Danvil Plans ang billing at yong 6 PhilPrudentialife ang billing? Ganon kaya? Okay naman ang takbo ng PhilPrudential — hindi siya pre-need firm, insurance company siya. Danvil at PhilPrudential, may special alliance sila. As of now, pasado naman ang Danvil sa trust fund test ng SEC last May.
Thanks, Richard P., for the info. It would be nice to attend your seminars. But could not for now. Hope your info inspires others to attend your seminars.
hi. danvil future provider planholder din po ako. actually, magmamature na po this august. nakapagfile na po ako ng maturity ( per plan po, pwede na i process ang maturity 3 months earlier), at babalik nga po ako by august. add ko lang din po regarding sa protector (yun po ung binabayaran ko pa sa ngaun), parang savings + insurance lang po yun. 10 years to pay, and then right after, makukuha mo na hinulog mo without interest, pero insured during the 10-yr paying period.
Hello, Fides, thanks a lot for sharing. Wow, makukuha mo na pera mo this August. Yong Protector pala, parang yong Ten-Year Money Back life insurance ng Insular Life. Ganon din – insured ka during the 10-year paying period, tapos makukuha mo total premiums after 10 years, without interest. Share ka uli ha. Thanks.
Hi everyone.. thanks to all your comments, after reading your notes gumaan ang feeling ko. I am also a planholder from danvil and my policy will mature this august 2009.
tess,
Parehas tayo nang plan….Let’s hope for the best..Pero so far, okay pa naman ang lahat sa Danvil…..
Amy,
Kapag nakuha mo pera mo. Share mo sa amin experience mo. Sa inyo lang kaming mga naghihintay huhugot nang lakas at pag-asa..
hi,
plan holder po ako gusto ko lang i ask bakit tumatawag ako sa costumer service no. nyo e parang putol na ang linya so i get bothered gusto ko kasing mag inquire tungkol sa insurance na kinuha ko patapos ko na kasing hulugan so pwede po bang malaman ang bagong contact no. nyo
thanks a lot,
marieta
hi everyone,
Promise. Malalaman nyo po. More power to all.
hi to all, impress ako sa move ng prudentialife after na tinanggal ang kanilang lisensya, they are sending letters to all their planholder how to do with their plans. planholder have 3 options, wait for the plans to mature, make a loan or terminate. i think ok pa ang prudentialife because sending letters alone to their 300,000 planholder will caused them million of pesos. all in all, we had 36 plan contract with prudentialife with different maturity. mam, ano sa palagay mo, di ko na lang iterminate plano ko?
Hello, Marieta, sinubukan ko kanina tumawag sa Danvil Plans sa tel. no. 755 1591 at meron naman agad nag-reply. Tinanong ko bakit parang putol daw ang linya minsan. Sabi nong taga-Danvil, pag weekdays daw, marami raw callers, pero mag-antay lang daw sandali at makaka-connect din. Saturdays daw at Sundays, maluwag daw ang linya kasi konti lang daw tumatawag. Sige na, Marieta, tawag ka na uli.
Thanks, Amy. Sabi nga ni Rolly, much needed yong updates from others, lalo na sa katulad mo na malapit na ang
maturity date. Sabi ng iba dito, puede ka na yata mag-file ng claim in advance para tamang-tama sa August. Wow, next month na pala.
Hello, Joventino, wow, you’ve a lot of plans. Yes, Prudential’s decision to inform through mail its planholders about its plans in light of the suspension of its pre-need license is commendable. From the firm’s efforts as shown by updates on its web site and some of the news, it looks like Prudential is doing its best. I hope the firm’s best would be enough.
Perhaps the one thing that would make the firm struggle is its open-ended educational plans which it is still servicing — I’ve read somewhere that it has been paying tuition fees of Ateneo planholders (siempre meron ding mga LaSalle).
Parang we’re gambling na, Joventino these times – We either win or lose. Research ka some more, visit Prudentialife. Ultimately siempre nasa iyo pa rin ang desisyon.
Hi Ms. Nora thanks a lot for taking time to read and reply to all our notes. I would like to file my claim but I can’t do it soon, I need to wait few days more, wala pa po ako sa Pinas.
Paano nakakakuha ng certificate of full payment?
Hello again Amy. To get the certificate, just call them or email them to prepare the certificate for pickup at a certain date or week. You can also mention your plan of visiting their office soon to file your claim. Their customer service head Eleazer L. Francisco emails updates on plans. mypolicy@danvil.com.ph or efrancisco@danvil.ph tel.no (632) 755 1591. When I got my certificate years ago, I had to call Danvil several times because I asked them to mail it to me, which they failed to do. So I had to schedule a definite time to claim the certificate at their office. Have a nice trip.
Thanks Ms. Nora, for your advice. I will let you know about the developments regarding my claim. I will try my best to visit the Danvil Office, in Filinvest, Alabang at the end of this week.
Hello, Amy, wala nang office ang Danvil sa Festival Mall Alabang, matagal na. Sa SM Southmall, Megamall, North Edsa at Fairview ang alam ko meron pa. At saka sa main office sa Makati.. Thanks Amy, will wait for your updates…
Hello Ms. Nora, salamat po ng marami sa infos nyo. I informed Mr Francisco of my plan to visit their office sa Festival Mall, he didn’t even told me na matagal na pala sarado. Five years na po ako di nakauwi.
thanks mam nora, tama po kayo kasi i have 4 children all are scholar of prudentialife and one s now a graduating student at ateneo, 2 was still in high skul and one in elem. we got those plans when we still have good business, ryt now wala na kaming business so i am counting and looking 4ward in our investment with the company. just an update mam nora, the company is offering their planholder a premium termination. the way i understand, the offer is much higher over the regular termination of 50%. i’ll talk it over with wife maybe some of our plans will do. thanks and regards!
hi to everybody, i am also a planholder of Danvil and my plans maturity is July 10,2009… I am residing in the US , so my cousin processed my documents thru Power of Attorney last June 10 and yesterday he already get my cheque at SM Megamall branch…. I receive my cheque same date with my maturity… so siguro sa inyo na matagal pa maturity eh isugal niyo na lang. dont attempt to withdraw.. sayang din yun…
My policies are Provider FPN 213145-213147 ( 3policies) to be matured on Feb 12, 2010.When can I apply for the whole maturity benefits..
Hello po sa lahat. Nice to read all your comments again, medyo naging busy. Hi Nora.
Liza,
As far as i know, mga a month before the maturity date puwede ka na mag-file nang claim. Read mo lang sa mga previous comments dito.
hello,
i want to know what is the status of my autopayment,I know i have to change account but just no time to do it as I am working abroad
Hi din Rolly, thanks for visiting from time to time… thanks for the support and for replying to the questions… as I’m also busy with work… Thanks
Hi Patric, thanks for your info and advice.
hello everyone. got my check na yesterday. medyo na delay lang about 1 week dahil daw nag open sila ng ibang trust bank sa dami ng checks (don’t know what that means
. SIla na mismo tumawag sa akin na ready na for release ung check. goodluck to all of us, planholders. may 2 plans pa ko. 
wow, okay yan fides….congrats…..
Fides,
Hope you won’t mind, baka naman puwede mo sabihin sa amin kung anong mga documents ang kailangan sa pag-claim nang check….
Thanks in advance….
Hi Rolly! Buti na lang may copy pa me claim form
I have filed my benefit 3 months before the maturity date. Requirements: Maturity Claim Processing Form (from them), Family First Future Provider Plan (Face Page), Certificate of Full Payment, Policy Contract, Cedula, 2 valid IDs. Mas maganda dalhin u lang lahat documents.
Fides,
Thanks a Lot……….
Hey guys,im one of the planholder in Danvils…sinced i am in abroad i am very worried about all the news that i heard in Danvil plans,im very interested to know where i can get the updated news about Danvils,i just finished all my payments last year and my god the termination date is still long for waiting its until 20019…pls help me…i am really worry about it…pls let me know where i can find the updated news or pls share me..if Danvils plans si still going good…and if there happen to this company how can we get or save our money?pls give me an advice…thank you in advance….
Mary Ann,
Basahin mo lang yung mga past comments dito, more or less, ganyan pa rin ang situation nang Danvil.
As for your future decision, marami ring naghihintay pa nang maturity nila almost the same time sa iyo, pero marami na rin ang kumuha nang pera nila without waiting for the maturity. At marami na rin ang nakuha nang maturity benefit at ang ilan sa kanila ay nag-post din dito tungkol sa ease nang pagkuha nang pera nila. Walang hassle kung baga.
Nasa abroad din ako, just always surf the net for more info about Danvil and do always feel free to stop by here and read comments and post comments if you may. It can relieve you with your anxieties and fears……
GUD AM. AM GLAD I VISITED THIS SITE. UR COMMENTS N UPDATE ARE MOST HELPFUL. AM ALSO A DANVIL PLANHOLDER N D MATURITY IS 2015 BUT I WISH TO PRE-TERMINTE IT NOW. AM NO LONGER EMPLOYED DUE 2 ILLNESS N NEEDED CASH RIGHT NOW. CAN U HELP ME GO ABOUT IT? ALTHO IL TRY 2 CONTACT D OFIS USING D NO. I READ HERE IN 1 OF D MESSAGES. TNX A LOT.
gud morning mam nora follow up q lng po qng ncancel n po b ng philippine prudentiaL life insurance company,inc danvil plans s sm north ung pnrefund q n pera,nagbyad aq nung sept 16th,2009.. nag fill up aq nung sept 18 2009 para ipaCANCEL UNG INITIAL DEPOSIT Q…sbi kz nla nla w8 daw me ng 30-40 DAYS PARA S PAGPROCESS N2..W8 Q NLANG PO UNG REPLY NYO PO….TNX PO
Hello Rolly,thanks for the advice…nagdadalawang isip nga ako eh malaki din kasi ang binayaran ko sa plan ko kaya ganun na lang ang kaba ko,but sa nakikita ko naman na sa mga comments dito mukha namang ok na ang Danvils siguro pansamantala madalas ko na lang bibisitahin nag site na ito para laging up to date sa balita,i wish na sana naman anu! sa tagal pa ng panahon ng maturity date na aantayin namin,sana lang wag silang masira sa mga taong planholder ng Danvil,kaya nga nag invest at nagpapakahirap sa pagbabayad ang mga planholder ay para sa future ng pamilya nila di ba? pero salamat na din sa advice mo Rolly,wish ko na sana walang maging problema sa company ng Danvils,good luck sa atin lahat!
FOLLOW UP Q LNG PO UNG PINAREFUND Q N PERA.,…MADALI LNG NMAN PO PAG NGPPREFUND NG PERA S BNK KC S DANVIL PLans nman pumasok pera q db po/bt aabutin ng 30-40 days pag process po nun….
Hello, Maria Reshelyn, sa mga nababasa ko, ganon talaga yong process ng Danvil Plans for refunds, kahit last year pa. Ang okay naman don ay makukuha mo naman yong refund, mag-antay ka nga lang. Sa edearns.com, may kuwento don about
refunds sa Danvil.
Hello, Liza, I hope you’ve already called Danvil and I hope you’ve got a good response. Kung pareho tayo ng plan, meron kang makukuha pero konti lang compared to what you paid.
Hi Maria Reshelyn/any one, nagparefund din ako kaso kinakabahan ako kasi yung letter of cancelation na pinasulat sakin walang date, ganun din ba yung sa inyo? I just want to make sure that I did everything correctly when requesting for my refund.. wala kasi akong pagkukuhanan ng pambayad sa initial at sa monthly 19K yung initial tapos 1,600++ yung monthly.. all i have is their word and a copy of the SOA and my letter. Sabi nasubmit na dw sa head office, kaya lang after what I’ve been through with danvil, naubos tiwala ko sa tao.. thanks!
good day ….is pryceplan still working today? could someone answer me?
Hello, Joel, palagay ko, operational pa siya. I’m not a pryce planholder, pero dati kong officemate, pryce planholder siya. Earlier this year, nakakakuha pa siya, although yong checks na-issue sa kanya months before pa. Parang nakapila yong mga checks. Tsaka totoo yong mga in-kind na binibigay. Yong officemate ko, nabigyan ng stay sa hotel, etc., kasi may mga ibang businesses pa ang pryce.
update ko lang nakuha ko na cheque ko from Danvil. Halos 2 months and 2 weeks inabot ang paghintay ko ng check. In fairness sa call hotline nila sinasagot naman ang tawag ko at they call me as soon as the check is ready to pick up. Salamat sa Diyos!
hi nap.. it’s good na nakuha mo na yung check mo.. just a question, did you file your claim in advance of your maturity date? or the 2 months waiting started after your maturity date?
Hi mga kabayan,
magmamature na plan ko in january 2010 , im in the process now thru SPA, nasa abroad din ako.
Update ko kayo for any impt developments & results .
Tnx sa mga post nyo rito at na-inform ako, gaya ng na pwede pala mag file 3 mos earlier before maturity date.
at saka pinalakas ninyo ang loob ko.
My turn to share. Tnx a lot!!
Thanks din, blandino. wow, malapit ka na… May special request naman ako sa iyo, kung puede lang naman… Puede bang pag nakuha mo yong check mo ay i-post mo dito yong name of bank at yong nag-issue ng check? Curious lang ako. Ay, nasa abroad ka nga pala, pero baka puede mong tanungin sa relative mo who’s handling your SPA. Thanks Blandino.
Thanks, Nap, parang di ko yata nasagot post mo. Thanks for the update…. I-clarify ko lang — kahit nag-antay ka, tumama pa rin sa maturity date mo yong pagkakuha mo ng check? or delayed talaga — meaning 2 months 2 weeks after your maturity date?
guys lets continue to update each other.. meron na ba latest update sa mga nakakuha o kumukuha na ng check.. mabilis pa rin ba o me delay na sila ngayon sa pagbibigay ng checks? promise to keep you update when I got mine in Apr 2010..
Oo nga, Jeff, medyo busy na yong mga nakakuha ng checks… Yes, kindly update us when you receive your check. Sa February, puede ka na mag-file ng claim, di ba? Wow, lapit ka na.
guys kung sino man ang may complaint sa danvil plan ibigay u naman contacts nyo..isa din kasi ako sa nabiktima nila…pumunta kami kanina sa office nila sa sm north pero yung agent nila sinasabi di na daw danvil ang company nila prudential life daw nakiki-rent lang daw cla ng office sa danvi..weird naman pinagsasabi nila halata kabado yung agent nila di nga makatingin sa amin..pero bakit hangang ngayon nag bebenta pa rin cla ng policy? eh di ba wala na nga clang pondo?
guys ask ko lang marerefund ba yung initial payment ko na 6,650.00 plus yung 1,610.00 for 3 mos na binayaran ko bumili kasi ako policy nung nov 2008..di kasi na tuloy hulog ko for 1 year dahil nga lumabas na sa tv yung nangyari sa danvil na yan.
Avoid being scammed! Get financially educated in the financial industry. Once again I would like to invite everyone to attend our financial literacy seminars. Series 1 and series 2 is free. Contact me at 09088852950 if interested.
“If you think financial education is a waste of time and money, try ignorance.” – Bo Sanchez
Hi
My Update :
naayos na pala ng relative ko yung claim. Medyo excited ko (na may kaba?) na dahil malapit na makuha yung check.
Yung check ay naipangako naman na irererelease 4 days after ng maturity date this xx january 2010 (malapit na).
So update ko na lang you guys for on the infos regarding the check , bank , or anything.
Thank you sa site na ito
rgds
Blandino
Hi to All,
Me and my husband was a (Family First) future provider planholder since Feb 2006 pa po… this coming Feb 2010 4 yrs na po namin binabayarn monthly.. sad to say ang term ko po ay 7yrs, and ang maturity niya is 15 yrs.. which 2021 kopa makukuha… this past few weeks ko lang nalaman ang issue regarding sa Danvil because i’m presently working here in abroad..muntik na po ako mgfreak out when i checked my plan termination value kung magkano makukuha ko if i decided to terminate my contract after 4 yrs kong hinulugan ang it came out to 16,000 plus lang… parang ang bigat sa pakiramdam… that’s why i really research about danvil and thank God napunta ako sa site niyo which it really helps me a lot… hope all of you guys will not stop updating all the Danvil planholders…. Thanks a lot… i’ll visit this site frequently….
thanks for your update blandino.. i just called danvil last week and inform my upcoming maturity claim this Apr 2010.. so far I sense nothing is going wrong with this company.. they actually advise me to file and submit all requirements as early Jan 2010 so that by Apr 2010 the checks will already be available.. eventhough the processing time is 45 days.. in case anyone would be asking the documents needed for the claim : 1. original copy of the contract policy, 2. Photo copy of ID and Cedula. I’ll let you guys know details of processing, checks, bank or any issue I might encountered. Let’s still continue to pray that Danvil will continue to serve all of us.
hello po! medyo matagal tagal akong d nakabisita dito sa site. buti at may updates pa din. Thanks po senyo. Just want to share na i happen to pass by at megamall office, at PPLIC na yun nakalagay hindi na danvil. I asked the receptionist. Ang sabi danvil pa din daw. i was advised to come inside. kaso i had an appointment non so didnt have the time to check. may balita po ba kau? thanks again!!!
Blandino, thanks sa update. I hope you inform us again kung nakuha na yong check, including other details. A lot of Danvil planholders are waiting for positive updates.
Thanks, Shey, for writing. Yes, I feel for you, kasi ganyan din naramdaman ko dati, especially during the time Danvil is being acquired by Legacy (buti na lang di natuloy). Gusto ko na ngang October na, haha, para makuha ko na yong sa akin. I really hope Danvil will survive for a long time, kasi dami palang after 10 to 15 years pa ang mga maturity years. I hope it can forge a stronger bond with Prudential to help it grow.
Thanks, Jeff, for the info. Malapit na ang April. Glad you’ll get na the fruits of your investment. Thanks for updating us again.
Thanks, Mai, for mentioning what you saw. It’s nice getting updates, especially those seeing Danvil offices. I think PPLIC stands for Philprudentialife — the firm Danvil is affiliated with. As Danvil no longer sells Danvil plans, it sells PPLIC plans.
hello there…im one of the danvils policy holder…i would like to have some new information about this company..im still so much worry about my plans there..im on abroad and i have no chance to go there personally to check whats goin on now to this company….i paid my policy here for almost 700,000 plus and the maturity date to wait is still long for me its about 2019…pls give me any new information about this company…hope you can give more news about this company so that i could do some any action to return my money full….really its not a joke…its not easy to make money in abroad until you work very hard…i wish anyone can help me for having a new information to this company..thank you…have a good day to every one!
Hello, Mary Ann. Wow, you’ve got a big investment in Danvil. My investment is much lower than yours. However, we both need to be vigilant about our investments, as you said. I called 755-1521, and a certain George answered me quickly. He explained that the Danvil website has been down for 4 days now because it is being moved to another server, and could be running in the next few days. He insisted that the firm is stable, and that the firm is no longer selling Danvil plans. They’re only servicing previous plans. He said that PPLIC is another firm — of course, it is different — but I know their reps are selling these PPLIC plans, perhaps to cover their office rental costs.
Nevertheless, I got this info over the phone, and I could be being misled (knock on wood), so let’s continue to be vigilant. I hope I can visit one of their offices soon. By the way, Danvil, accdg. to George is still supervised by the SEC, including other pre-need firms, and not yet under the Insurance Commission, as reported in recent reports.
guys i just went to Danvil HO this morning to submit my maturity claim requirements (original copy of the contract, photo copy of 2 valid ids).. though my maturity date is still on Apr 2010, i filed it early so i can claim my checks on the date of my maturity.. since my payment is updated, i encounter no problem with the submission.. however, there was a guy that did not know that there was a 45days processing time and got frustrated because he just submitted his requirement after his maturity date.. so my advise to you all, file as early as 2 months before the maturity date..
Jeff, thanks for coming back to share your updates. And it’s great for you because you know that we can file our claims two months before our maturity date. Continue updating us, okay? Thanks.
i want to ask what the standing of firm i have loss to much money when i engage to invest my cash in ur firm
@Jeff
Do we really have to submit our original policy first?
It’s a 45 days processing, anything can happen.
Ano na ang pinanghahawkan natin if we don’t have the original policy with us?
Sorry for the ignorant question but my and my husband’s policy will mature this March 2010 and its only now that I’m reading about these updates about the company.
Thanks for the advice.
Hello, Bong. As far as I know, as of today, okay pa naman ang Danvil, kasi wala pa naman akong nabasa o napanood sa TV na nagreklamo that they failed to get their claims from Danvil. All Danvil scam news that I’ve heard or read are about the marketing nila na high-pressure, sapilitan at may deception. Recently, I also called them at siempre, pero okay mga sagot nila. Marami lang na-alarm these past weeks kasi nag-down ang website nila nang matagal, na dapat hindi. Di na nga nila ina-update, down pa. Bong, email mo or call Danvil, or pass by their office, and then share your experience with us. Thanks.
Hello, Yana, I’ll forward your question to Jeff. Siguro, i-xerox natin yong docs. At dapat, they give a receipt for the docs, na parang sa Philam din. Please continue sharing your experience kasi malapit na malapit na maturity mo. Thanks.
Hi mga Kabayan,
Update po, nakuha ko na po yung check last feb 5 . Nag early file ako ng november 2009 , my plan maturity is 3rd week jan 2010. Yung ibang details later ko sasabihin pag nag clear na yung check at pumasok na yung pera sa king acct.
Tnx sa site na ito natulungan nyo ko….
Congrats, Blandino! Great na you didn’t have to wait for 45 days more because you filed early. As a background for other readers, unang nag-comment dito si Blandino last November about filing his documents. By the way, anong bank nila, Blandino?
Hi,
Landbank ang naka indicate sa check :LANDBANK
Hi Yana.. Yes the original policy contract is required for submission.. They are issuing a document signed by their customer sales assistant + a photocopy of your policy, showing that you had submitted those documents..
Hi, Blandino and Jeff, for the updates.
Ate Nors,
Musta sa inyong lahat, good to hear good news from you guys who have taken their hard-earned money’s worth. I’m still here crossing finger for the next two years more. Hoping for the best, so far wala pa namang issue muli sa Danvil. Mary Ann just keep reading this site. Tulung tulong tayo dito. Meron din ako sa 2017, habaan pa natin ang dasal. Btw,sa mga may PhilamPlans, any feedback from the share sale agreement with Philfirst and STI…..
Hello, Rolly, great to hear from you again. It’s been a long time. Ang dami mo pala talagang plans. Mukhang okay naman yong bumili ng Philam Plans. Yong Philam buyer, mukhang pabulusok naman ang business operations nila. You may have read these news items already, but here are the links if you haven’t read them – http://bworldonline.com/main/content.php?id=5477 and http://www.abs-cbnnews.com/business/02/02/10/philplans-buys-53-edc-p51-b PhilPlans na tawag nila. Okay, have a great day wherever you are.
Blandino on February 7th, 2010 8:40 am
Thanks, Blandino for your successful maturity benefit check claim! It’s an inspiration on our part but I am still waiting for the exact date of my check issuance to date. Since we already submitted all our documents (scanned) through email since we’re living abroad last January yet. Our Plan matured 1st of February yet. But somehow, your experience gave us a hope. Thanks for sharing! This is a plus factor for Danvil! Mabuhay!!!
Hi mga kabayan
Nagclear na po yung pera ko , dito ko na ininquire sa abroad after 3 days clearing ng check. Umuwi pa ko para mag open lang ng acct sa pinas last jan pero di ko na rin naasikaso yung pick up ng tseke dahil mas prinarioty ko ang pamamasyal
Landbank ang bank , pangalan ng issuer ng danvil
Some stories: last year ng pumutok ang balita ng legacy issues , nabankrupt na insurance companies etc,nag suggest halos lahat ng kamag anak ko na ipull out ang pera ko kesa mauwi daw sa wala . Sinuway ko sila at sinugal ko yung pera ko , buti naman at maganda ang nangyari,
rgds po sa lahat
Wow, congrats, Blandino, at maganda ang result ng decision mo. Sana, lahat tayong Danvil planholders ay makuha ang ating mga investments plus gains. Thanks again for the update, Blandino.
Hi !! this is to inform you that i already got my maturity check and thanks to Danvil…I hope na sana makukuha din ng iba pang nag-invest because talagang hard-earned money po to.. again, thank you… .
Liza, thanks a lot for coming back to talk about your claim. You inspire us. For others: Liza commented here last December 30 that she filed her claims on Dec 18 for her 3 plans, ahead of her maturity date of Feb 12.
hi maam nora,,,tanong ko lang po,,,kung pwede ko na lang iutos sa brother or sister ko pag claim ng pera,,,nand2 kasi ako sa abroad,,,not sure kung makauwi ako kasi maturity date ng plan ko july 5,2010,,,,please advice me,,,thankx a lot
Hello, Minie, oo puede mong ipakuha yong pera mo, pero kelangang mag-send ka ng special power of attorney (SPA). Nakukuha ito sa Phil. embassy diyan. Or from any Filipino lawyer diyan. I-file mo mga papers sa first week of May para may 60 days allowance. Kapag sa July ka pa magpa-file, antay ka pa 45 days to 2 months. Click mo ito para sa list ng papers na kelangan sa pag-file ng claim. Magpa-xerox ka ng kopya mo bago mo ibigay. Pag-file mo, meron silang ibibigay na parang resibo. Itong mga sinabi ko based sa mga nagko-comment dito at sa tawag ko sa phone. Yes, makukuha mo lahat pera mo, kasi sabi mo, fully paid ka. Pareho tayo, Minie, ng years ng pag-antay, pero okay na rin. Dati noon, yong ordinary time deposit sa ilang bank, yong 100K magiging around 150K in 5 years na di gagalawin (mababa na ngayon). Parang ganon na rin sa atin. Pero inipon muna natin yong 100K nang 5 years bago nag-interest (dito tayo medyo lugi, pero tingnan mo na lang na at least nakaipon tayo. Di ako taga-Danvil ha. opinyon ko lang.)
hi!! Thank you din po.. The checks were already cleared 3 days after so ok na.. at least I’ve got the hard-earned money na inenvest ko.. goodluck to Danvil and more power!!
hi again maam nora,thanks for your advice,,,I just send to my sister SPA then some of those documents that required to claim the check….But i will try my best to go back to phils.during that maturity date… thanks again,,,God Bless To Danvil,,,
Ate Nors,
Thanks for the info site. Kaya nga isa ako sa nagpapasalamat sa iyo for your site, dahil nung mareceive ko yung sulat about name change, itong site mo kaagad ang naalala ko to get firsthand info. And ngayon pala marami na rin ang sumusulat at nakakabasa dito sa site mo. Salamat sa inyong lahat and hopefully we continue to support this information drive regarding pre-need plans until we all get the amount we all deserve to receive.
Dito lang ako, kapag may update or news regarding pre-need plans, susulat ko lang para kung sino ang may information share it with all the readers. Let’s keep the ball of information rolling……..God bless us all…..
Rolly, thanks a lot for your encouragement. You’ve been so positive since you started commenting here. Wish you the best in all aspects of your life.
hello, I’m a danvil plan holder,since 2008 i cant receive my receipts from your office.
another thing i have i pension plan was lapse last year dec.2009. what if i need to reconstruct the plan? how?
thanks ,,,,GOD bless
Hi all.
We submitted already our requirements.
Our maturity date is May 07, 2010 pala. But Danvil staff encouraged us to file it already as others here advised.
We’ll get our cheque on May 18, 2010.
So, it’s wait and see for now.
By the way, transaction was a breeze at SM North EDSA branch.
Hello, Gee. When you said “lapsed,” you have not made your monthly payments in 2 years? If so, you can no longer reactivate your plan. But read your policy or call Danvil, your plan may have a longer reactivation period.
hi all, me and my husband also a plan holder of danvil, nabasa ko d2 sa net 2-3months b4 mag mature ang plan mo pwede ng magfile ng claim,and b4 ko mabasa almost a month nalang mature na ang plan namin, by the way madali lang naman magfile ng claim and ung mga danvil people namin is very accomodating kya sna lahat tyo makapag claim talaga, sbi naman nila Danvil have enough money naman para mabigay lahat sa plan holders…tpos daming nagcancel kya mas lalong malaki pa ang kanilang asset para mabigay ang para sa mga plan holders tlga.
Hello, Cora, thanks a lot for your encouraging comments.
Yana, thanks. May 18 is just several days ahead. Hope you come back again to share your good story after you’ve encashed your check.
Hi ate nora. I’m already excited because next week na yung maturity nung plan ko at nung sa wife ko, May 14. I just called Danvil and according to them our checks are already being processed. I hope to get them on the exact maturity date. I’ll come back and share 2 weeks from now.
Wow, Jeff, we’re happy for you too. Ang magaling sa iyo, nai-file mo months before maturity date, kaya tamang-tama talaga sa maturity date mong makukuha yong pera mo. Thanks for the update. Please visit again and share with us your story. Ako, 4 months pa bago ako makapag-file para tamang-tama sa maturity date.
Hello po ulit! =) medyo matagal akong nde nakavisit dito sa site nyo but im at ease na wala naman po negative feedback or balita na nde nakapagclaim. 2019 pa po maturity ng plan ko. matagal tagal pa, sana by that time eh maclaim din namin yun hard earned money namin.
Ms. Nors, naisip ko lang po, suggestion lang din po for those plan holders who regularly visit your site, bka pwede po post natin month and year ng maturity ng plans natin. maganda po cguro kung magkaron tayo lng list for reference. For me po, gsto ko din malaman kung may mga kasabay ako na magmature pa ng 2019. at makikibalita din. suggestion lang po.
Im so thankful po sa site nyo and to all who share their stories. its really a big help. God bless us all.
Thanks, Mai, for your suggestion. Naisip ko rin yan dati. Puede kong simulan yong list sa mga dati nang nag-ko-comment dito. Kasi marami namang sinasabi nila kelan mag-mature plan nila. What do the others think? By the way, Mai, ano ba yong name ng plan mo? At anong month and year mo nakuha? Thanks Mai.
Hi Nor its been a while since i made a comment but i always make sure na i visit ur website everytime im online to get an update. Regarding Mai’s suggestion thats good may kasama pala akong maghihintay ng matagal-tagal hehe.Sa May 2019 din ang maturity date ko,still wishing na makukuha ko rin ang hard earned money ko.Thanks Miss Nora and keep us updated…..
Hi Angel, it’s nice you’re visiting from time to time. Ano yong plan mo, Angel, at what month/year mo nakuha? Gusto ko sanang malaman kung Danvil plans ba ang mga ito, o Prudentialife plans na ibenenta ng Danvil? o branded by Danvil? Thanks….
Future provider plan yung sa akin,yes its Danvil formerly Berkley i got it in May of 2004 just finish paying last year.And keeping my fingers crossed and hoping for the best.
Thanks, Angel. I asked… kasi kung 10-year ang plan (parang sa akin) at maturity ay 2019, ibig sabihin nakuha last year, eh di na nagbenta ang Danvil ng kanilang own plans last year, so inisip ko Prudentialife na ang mga yan. Yon pala may 15-year plans. Okay… Yes, let’s continue to hope mag-grow ang mga pre-need firms these coming years, with help from the Insurance Commission na doon na sila under.
ate nors i finally get my 2 checks (1 for me and 1 for my wife) today, even earlier of my maturity date… the checks was issued by Landbank Malate.. we were so happy to received it despite the tremendous trapic today due to fire in sucat.. i think danvil is in good shape in fulfilling thier obligations to their plan holder.. i will deposit this check first thing on Monday and hopefully after 3 days i could withdraw it already.. im optimistic of danvils financial status is still in good conditions.. this site really helps me alot.. thank you..
Wow, Jeff, ang galing naman! Advance pa sa maturity date. Am happy for you and your family. Thanks again for sharing.
congrats jeff and thanks for the update and encouragement.
hi ms nors, may 2004 ko po nakuha plan ko, future provider plan, 15 year plan sya, kaya may 2019 pa po. tapos may rider po yun na ncb 2014 naman po yun. lam ko sa phil prudential napo yun rider kasi yun din ang binibill nila. thanks so much ms. nors.
hi angel, pareho pla tau month and year.
thanks again, God bless us all.
Hi everyone! I want to share that I was able to get may maturity claim on time just last week and the cheque is already cleared yesterday. I submitted the requirements 2 months before the maturity date so I was able to get the cheque on time. The cheque was even dated earlier than my maturity date.
I hope everyone will be able to get their hard earned savings. I
Hi, Ann, wow, thanks for the encouraging news. Jeff also reported his cheques were dated earlier than his maturity date. Saan tayo nakakita nang ganon? Hope ganyan din kami lahat na in the future pa ang mga maturity dates. And thanks for visiting to share.
gud am po sa lahat from qatar. gandang balita at tuloy ang claim ng mga plan holders. sana makuha ko rin ang akin this june after ma-submit ko ang requirements. sayang na-delay ang claim ko kasi di kami nakauwi ng march. gudlak to all.
Hi, Ric, gud am din. Sana nga na-advance ang filing ng claim mo. Kung this June ka pa magsa-submit ng claim, wait ka pa ng 45 to 60 days bago mo makuha. Pero good news nga na lahat naman ng claims nabibigay.
Hi all, claimed our cheques earlier than scheduled, made the deposit, money credited to our bank account then invested in PRUlife right away. All’s well that ends well.
Hi Nors, actually i prepared myself for the worst yun di ko na makuha ang pera ko pero gud news na lahat yta ng due ay nka claim na. ok na rin maghintay kahit 60 days bsta makuha lng. congrats to those who have claimed already and gudluck to all on wait mode.
Dear Nora and All,
Ms. Nora, thank you very much for this website. To all, thank you for sharing your experiences about Danvil.
My wife and I filed for maturity claim last 4 June 2010 for our future provider plan that will mature on 2 July 2010.
We were advised that we will be able to claim the check by 6 August 2010. As we are based in Kuala Lumpur, my sister in-law will be the one to collect the check on our behalf. She will have a SPA document with her to claim the check.
I will give an update in August.
Regards to all.
Thanks a lot, Jose, for your comments. We’re so glad your sis-in-law will be able to claim your check for you this August. Wow! And thanks for promising to update us again. Have a nice day…
Wow, nice to hear good news like that Jose.
Ate Nora,
Dito lang ako laging nagbabasa nang site mo. Medyo tahimik ang pre-need plans for now(unlike last year), kaya di ako masyado active to write. So far, so good naman ang mga sinusulat nang mga readers mo. Anyway, thanks for your site which is truly very informative.
Keep up the good works of informing us for us to have a better decision. And congratulations(ikaw b yun???), for your new found freedom from plastics.
Ingat ka and your family…….
Thanks again, Rolly, for commenting. It always feels great when you take time to write because you’re very encouraging. It’s been more than a year, I think, since we both started tracking pre-need. I hope the Insurance Commission will be able to do a better job in helping pre-need planholders. Yes, ako yon sa plastics. Grabe talaga yong dating buhay ko with credit cards. Buti na lang meron kaming nabenta. If I’ve more time, I would write many about CCs to warn/help. Alam mo ba, isa sa mga top keyword search dito sa blog ko ay credit cards for OFWs. Gusto kong magsulat na huwag na lang, at bakit, at kung kukuha pa rin, anong card ang okay, yong ganon. Take care also, along with your loved ones, and thanks again.
Hi Ms. Nors, it feels good to hear positive feedback from danvil planholders na nakapagclaim na ng hard earned money nila. Sana magtuloy tuloy ito, we’re all praying and hoping lalo na sa malayo pa ang maturity like me. Thanks again to you and to everyone who takes time to post commments here.
By the way, baka meron po may prudentialife plans senyo. I read your other post ms nors regarding prudentialife termination of plan, kaso wala naman comment. I am about to pay my last installment kasi, i usually pay using my credit card. pero ngaun, hindi daw sila nagaaccept ng card payment dahil sira daw machine. lahat ng machine sa lahat ng branches. since May pa daw. I’m wondering bakit ganon. im also trying to call yun hotline nila, not in service. nakakakaba po tuloy.. pls if you have info po, please share. thanks so much! God bless.
Hello, Mai, sorry, just logged in only now. Hope okay na yong credit card machine nila. Baka nag-expire na yong contract nila with the card companies, at nire-renew, kaya sabi sira. Dati meron akong tinanong na store, sabi ko bakit ayaw niong mag-card, mas marami kasi sana kayo sales. Sabi nong manager, mahal daw ang mga card companies (percentage of sales amount yata), tapos ang tagal daw nilang magbayad. Pero, haka-haka ko lang hehe.
Another thing, alam mo, nag-aadvertise nga ako sa sulit.com, other pinoy forums and ads site na if they are planholders of danvil or prudentialife ay mag-update dito, para to help each other, pero a few lang ang sumasagot. siguro, di mahilig mag-net ang mga maraming planholders. Tsaka, iniisip ko marami taga-abroad, kasi sila yong madaling na-persuade sa mall marketing. Siempre, sa abroad, mga busy, wala time mag-net. Again, opinion ko lang. Hayaan mo, go uli ako sa forums pag may time ako. God bless din and take care…. Si Rolly, may prudentialife din yon… pag mabasa concern mo, palagay ko sasagot yon. Nasa abroad din. Hello, Rolly…
Thanks so much po Ms. Nors for your opinion.
Hi Rolly, ano po plan meron ka sa prudentialife? wealth builder yun sakin, last installment ko na nga this year tapos nagkaprob naman yun sa credit card payment.
God bless us all.
Hello Everyone,
Isa rin ako sa mga planholders ng Danvil Phils.,A.K.A. Family First.Nashocked din ako sa mga balita tungkol sa pagcollapse ng mga pre need businesses diyan sa Phils.,Kaso hindi ako masyadong nagpanic,kasi talagang ang origin ng problem ay nandito sa USA.Siyanga pala isa na rin akong US Citizens,but i still believed,on the promise of the Danvil Plans will obey and honor their obligations to Danvil Planholders.
Bumili din ako ng Pre-need plans noong nagbakasyon ako diyan sa Phils.noong 2001,of course their people at that time of Berkley was nothing but snake oil salesmen,kaya naingganyo din ako na bumili ng Plan.okey naman ang services nila,laging nagbibigay ng resibo,tuwing nagbabayad ako ng monthly payment to them.dalawa ang Plans na binili ko,na magmamature around July of 2016.mga 300,000 in pesos ang halaga,pero naisip ko rin na magemail sa customer service at nagreply si Mr.Eleazar Francisco na Paperloss lang daw ang nangyari due to the collapse of the stock market here in USA.Sabi niya It’s trust fund remains liquid and Sufficient to service any claims of it’s planholders,Thus it has not defaulted in the payment of any such claims,and it will continue to honor it’s obligation to any plan holders of Danvil Phils.
I am planning to sat down again and talk with the big boss of Danvil,once i come again for a holiday visit this year,kasi ayokong nakikinig sa rumors.Kasi nanghihinayang din ako sa small investment na binayaran ko ng continous since i bought my pre need plans last July 2001.hopefully makatulong din sa inyong lahat ang naging experience ko,kasi Lahat naman tayo ay may goal sa buhay,ang mag invest para sa future.
God Bless everyone!
Hello po sa lahat, ako din po ay isang plan holder ng Danvil…Hanggang ngayon ay tuloy pa rin ang aking pagbabayad thru Visa card,pero nitong lately lang mga May 2010 din ay hindi na ako nakaltasan…paano ba yon at nandito rin ako sa abroad hindi ko ma-follow ang Danvil office hindi kaya nila ako ma-charge ng late payment dahil sa reason nila na sira yong machine nila sa visa card.Please paki advise naman kong ano ang aking gagawin,sino ba ang aking kokontakin sa Danvil o ano ba ang e-mail address nila.Pasensya na at bago lang kasi ako rito.Thanks and God bless po.
Thanks a lot, Lyn, for your info. I admire you for planning to visit Danvil and talk with the head of Danvil. Hope you share us again your experiences. It will help fellow Danvil planholders a lot, lalo na yong mga years pa ang bibilangin. Hope mag-recover na yong mga pre-need firms. Naapektuhan talaga ng U.S. recession, kasi bumaba masyado mga interest rates ng trust funds. More blessings to you there in the U.S. Thanks again.
Hi, Tom, ganon din ang concern ni Mai. Di rin siya nakakaltasan kasi sira raw mga machines. After my work tomorrow, I hope to call them about this issue. In the meantime, you can email:
Eleazer L. Francisco
Customer Service Supervisor
Customer Relation Group
Danvil Plans, Inc.
efrancisco@danvil.ph
mypolicy@danvil.com.ph
I-CC mo yong isa para sure.
Amen to that Lynn.
I remember last year, when i was convincing people not to prematurely take their investment. May mga naniwala at may mga hindi. Pero siyempre, we respected their decisions. Pero ngayon medyo masasabi natin na it’s really worth the wait, specially, yung mga nakakubra na dyan.
Ate Nors,
Plastics have always been a big problem nang mga tao dito sa Singapore. All i can say is, di ka nag-iisa sa sitwasyon mo before. Kasi with plactics must go with great responsibility and control. Pero malaking tulong din yan sa tamang paggamit. Gud luck sa iyo and family.
Mai,
Inalok din sa akin yang wealth builder na yan, pero di ko kinuha. Meron ako para sa bunso kong anak, which i’m going to claim approx. two years from now. Educational plan yung sa akin, lump sum ko na sya kukunin.
With regards sa Prudentialife, a year ago pa sila nag-cease magbenta nang mga plans. Ang problema kasi sa kanila iyong asset nila na parang pineprenda to pay their obligations were fixed, di liquid. Tapos itong mga asset na ito parang nakita nang SEC na di kaagaran puwede mabenta kaya they were halted to sell. Kung meron pa sa youtube at may time ka to search, last year naghayag sila nang assurance, i’m not sure kung president sya nang company(forgot the name also), na sufficient ang pondo nila to service all their clients.
Hello again to everyone,
Sa mga may balance account pa sa Danvil Plans,
Lagi kayong mag-email sa customer service reps,
Kulitin ninyo sila palagi hanggang sa maayos ang
problem ninyo.One time,i actually call them thru
long distance,sumagot naman iyong isang CS nila,
pero hindi ako sure,kung nandiyan pa siya.
Ang name ng CS ay si,Ms. Reggie Ladra,this were
the times,before Danvil Plans,which is Family
First pa ang name nila.,Kasi ang Berkeley Plans
ay nag-ooperate pa rin dito sa USA,every other
day ay may natatanggap akong email sa Berkeley
at nagbibigay sila ng update sa mga Stock Holders
Saka nakapost sa website nila ang mga financial
Information.Ito rin ang idiniscuss ko sa mga boss
ng Family First,na kapag nagbibigay sila ng info.
sa mga tao,kailangan din nilang ilagay ang yearly
or quarterly information tungkol sa status ng
kanilang kompanya.puro kasi publicity at promo
ang kanilang inaasikaso,pero wala silang solid
information para makuha ang trust ng tao at ng
mga planholders.
But i promise,to give any of the update once i
visit them in the head office at talagang ako
ang magsasabi na kailangan nilang mag uodate ng
information sa mga planholders,or either i have
to talk to an experienced lawyer,na may alam sa
ganitong business.
God Bless everyone!
Lyn Gregg
This is for Tom,
Tom,i check mo ang Danvil Plans website,kasi
Okey na ulit ang websites nila,at saka kung may
email account at Password silang binibigay,kaya
kung may access ka,this is the right time to
check them at mag-email ka sa Customer Service
nila,nasa website nila ang Information.kung nasa
Labas ka ng Phils.or naka base ka overseas,then
Tingnan mo ang time difference,lagi ko silang
sinusulatan sa thru email,around midnight dito sa
America,kasi Umaga na sa Phils.or Business hours
kaya,of course tinitingnan talaga nila ang mga
email lalo na sa mga Plan holders.
Go for it Tom,saka humingi ka ng official receipt
for every transactions.
Good Luck!
Lyn G.
By the way,Kung medyo bago pa lang kayo sa preneed
business,mag-email kayo kay Dr.Johnny Noet Ravalo,siya ay isang contributor sa business section ng Inquirer newspaper,nasa business advice
ang mga column niya,nage-email ako sa kanya one time,kaya medyo nakakuha ako ng advice at idea sa
kanya.
God Bless everyone!
Lyn G.
Wow, thanks a lot, Lynn, for the blocks of useful info you shared, and for your effort in writing them. Yes, Sun Life is a stable company. Will check Ravalo’s articles. Looking forward again to your insights, Lyn. God bless too.
Thanks a lot for everyone,hopefully,maresolve din
ninyo ang mga problems,that deals with insurance or preneeds.Kasi,i am also a rookie when it comes to these type of business.pero just a little bit of research plus asking advice from a reliable business advisers will also help those people,who
wants to venture or risk their hard earned money.
To you ate Nors,thanks also and more power to this
web blogs.
God Bless!
Lyn G
hello po! it feels good to read more & more insights and opinions here. thanks to all & especially to ms nors.
rolly, thanks for the comment. i’ll check the post in you tube. thanks again.
just for update po, regarding credit card payment sa prudentialife, ok napo. i was able to pay thru credit card last friday.
I also went to Danvil office in megamall this afternoon coz i received a mail regarding my past due payments. my credit card already expired last may 2010 kaya dina daw nakapagdebit ang Danvil. Hindi pala yun automatic natransfer to the replacement card. So I paid the past dues and enroll my replacement card.
Thanks again & God bless to all.
Hi, Mai, good to know that all is okay na. Thanks for sharing again.
i just want to inform every danvil planholder that i got already my money which i save it for 10 years. thanks to danvil for fulfilling their promises when i got this 10 years ago. hope all planholder will able to claim their benefits when it mature.
Hi Rey, thanks a lot for taking the time to share your good experience. Yes, we hope that all planholders will get their benefits.
Good day.
I hava a plan fron Berkley International and it was already lapse. Can I still activate my account under its new name? Can I withdraw my contribution in case I decided to do so?
Hope for your immediate response.
Thank you.
Hi Cristina, if your plan lapsed more than two years ago, you can no longer reinstate or make a claim, if your policy is the same as mine. But review your policy. Look for the reinstatement or lapse section. It’s possible your plan has a longer reinstatement period. Call or email Danvil to be sure.
good morning, im a plan holder of danvil pre-need.ask ko lang po sana kung anu status niya ngayon with regards to sec and services po.newbie po kasi at mejo panic na ung wife ko, may experience kasi kami last permanent plans e.thank you so mch..
Goodbless.
Hi Vincent, bakit kaya medyo panic? May bad news ba? I searched the Internet, wala namang bad news. Mamaya or tomorrow, I’ll file na may claim, I’ll write here what I’ll be experiencing. Danvil and other preneed firms are no longer under SEC, sa Insurance Commission na. Thanks for commenting.