Two Planholders of Danvil Plans Who Have Already Collected Their Maturity Benefits

June 14, 2009 · Filed Under Danvil Plans 

These are comments from two planholders of Danvil Plans who have already filed their claims, got their checks and have encashed them.

From planholder Hill:

February 16

Planholder din ako ng Danvil Plans and in fact magma-mature na ang plan ko this March 2009. One last payment na lang sa March 1 ang kulang.

February 21

Originally, 5 years to pay and 10 years after ang maturity yung plan ko pero I had it changed to 10 years to pay. Kaya, March 1, 2009 ang last payment at sa March 25, 2009 naman yung maturity date nung plan ko. Kaya nga inaayos ko na ang mga requirements.

March 5

Bale galing ako kaninang umaga sa Danvil Plans office sa SM Megamall para i-submit mga requirements in claiming maturity benefit. Bale wait lang ng 10 working days para sa clearing ng PDC check issued for March. And then 20 working days pa para sa check naman ng benefit ko.

April 7

I was at SM Megamall last Thursday, April 2 with former coworkers. And since I am already there, I decided to follow up if the check for the maturity benefits of my policy with Danvil Plans is already there. Lo and behold, to my surprise. Nandun na nga. Kaya that same day nakuha ko na check. And of course I deposited it to my bank account the following day. Di ko in-expect na nandun na check that time, kasi sabi sa akin nun, mga April 13 pa available. I’m thankful at mas napaaga. Praise God. At kanina nga sa bank I follow up kung credited na ba. Nagulat ako at hindi pa. Pero sabi naman ng bank clerk ay bukas cleared na ito at credited na sa account ko.

April 26

Gusto ko lang i-inform na na-clear na yung check na in-issue ng Danvil Plans. Happy and relieved talaga ako. Praise GOD. Yun lang. GOD BLESS.

From planholder Jun

May 5

I’m a Danvil planholder and I chanced upon your site since I’m also worried about my plan like many of the planholders. After reading the blogs, my hopes got renewed as Danvil seems to be not in danger of closing shop. I visited Danvil’s website to check on my plan and the status indicates that it is fully paid although the maturity date is on May 21, 2009. I’ll come back here to share with you and other planholders if i’m able to collect. Wish me luck…

May 6

I just filed my claim today at the North Edsa branch and I was told to wait for 20 working days for the release of the check, so that’s about a month from now or around June 6. Before I went there, I already heard about the bad news on Danvil. So while I’m hopeful that I’ll be able to collect, I cannot help myself from getting nervous. I don’t know how the news would affect the operations of Danvil, though when I was there, business seemed as usual and there were even few announcements of new planholders. So maybe its not as bad as depicted in the news.

June 5

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 Plans. 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 Plans 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 so much, Hill and Jun, for sharing your experiences. I hope other Danvil planholders out there who have filed claims and who have encashed their checks take the time to share their experiences here to reassure other planholders of Danvil Plans.

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Comments

Whether in ENGLISH, TAGALOG or TAGLISH, your comments are well-appreciated,  but please, not pure TEXT SPEAK, kasi matagal intindihin. Thanks a lot.

22 Responses to “Two Planholders of Danvil Plans Who Have Already Collected Their Maturity Benefits”

  1. Gigie on June 15th, 2009 12:10 am

    Hello,

    What are the requirements in filing the claims?

    Thanks.

  2. ABBY on June 16th, 2009 4:58 pm

    i think these days, kailangan ng danvil magbayad talaga ng mga maturing plans kasi they are presently on hot waters, under investigation sila ng SEC kasi deficient sila on some reserves yata..pero dito sa pinas kasi eh pwedeng lakarin kahit ano, katulad ng nangyari sa legacy, etc..baka ibenta tayo ng SEC.. katulad rin ng PET plans, nalaman ko na lang BPI na pla ang nagmamanage ng plan ko, tapos yung lahat ng ibinayad ko tinamaan na ng financial crisis kasi yung financial product na ininvestan ni BPI ay bumagsak, so tinamaan ang principal.. ayun, supposed to be makakatangap ako ng 150k sa 2014 eh naging 26k na lang ng makuha ko sa BPI.. pinayagan kasi ng gobyerno eh.. tapos sabi sakin maswerte pa raw ako..sus anong swerte dun.

  3. Nora on June 17th, 2009 5:41 pm

    Abby, yes, ganon tayo lahat na nakakuha ng Danvil plans — hoping/praying that we will get all our correct maturity values on our maturity dates. About your PET plan, nabasa ko sa isang comment sa Inquirer blog ni Ms. Salve Duplito na termination value of less than 25% of gross contract price ang ginamit sa plans ninyo at yon ang ibinigay sa BPI. Nabasa ko naman sa ibang Inquirer article na na-convert ang plans ninyo into BPI unit investment trust funds (UITF). Maaaring may deception na nangyari somewhere (baka di sinabi sa court kung anong value yong ico-convert sa BPI), and if there’s no deception, ganon talaga siguro yong in-approve ng court (in which case, bakit naman ganon yong court?) Ang karamihan na termination value ng fully paid pre-need plans ay 50 percent of GCP. At ang tanong: bakit termination value eh hindi naman kayo yong nagte-terminate? Masakit sa sikmura….
    Malapit na December, share mo dito ha pag nakuha mo na Danvil money mo… yong kuwento hehe

  4. Rose on August 22nd, 2009 4:31 pm

    Good Day!

    My husband’s plan is now fully paid but the policy will mature on Nov 13. Currently nasa Singapore po kami and I would like to get help from anybody po na same case namin. We will go to Manila on Dec 12 pero two weeks vacation lang.

    What documents po ang needed para mabilis ang processing ng cheque?

    Maraming salamat po! :)

  5. Rolly on August 27th, 2009 3:12 pm

    Hi Rose,

    From SG din ako, heto requirements for claiming…

    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

    Galing yan kay Fides na kakakuha lang nang kanyang righfully deserved money…

    Hope makatulong sa iyo….

  6. Danvil Plans — File Your Claims Early | Working Pinoy on November 14th, 2009 10:15 pm

    [...] Comments ng mga nakakuha nang Danvil planholders. [...]

  7. Liza V. Pangilinan on December 30th, 2009 12:40 am

    Hi . I already filed my claimed for the maturity of my 3 plans last Dec.18, 2009.. My plans will be matured on Feb.12, 2010.They advised me that on or before Feb.27 I’ll be able to get my checks. it will be either ahead of that date,but not later than Feb.27, 2010. I’ll get back to you as soon as the checks will be released to me to inspire other plan holder

  8. Liza on March 14th, 2010 10:27 am

    I already had my maturity … good I invested in Family First … nakuha ko na investment ko at the same time pati interest.. good Luck sa mga policy holders!!

  9. Nors on March 19th, 2010 8:05 pm

    Thanks, Liza, for your sharing. Hope every investor in Danvil and Prudential will get their investment returns.

  10. Liza on August 4th, 2010 1:24 pm

    I’ve got my check (it’s a Land Bank Check) and I already encashed and invested it. Thank you family first buti na lang di ako nagwithdraw. Sa mga policy holders sana makuha din nyo investments nyo.

  11. maan on August 4th, 2010 11:38 pm

    just want to ask how can i encash my remaining share on my petplan maturity?

  12. maan on August 4th, 2010 11:39 pm

    i still have more shares remaining but the BPI bank teller did not know about the details of my claim.

  13. Nors on August 6th, 2010 5:56 pm

    Hi Maan, , sori, di ako familiar sa Petplans. Danvil Plans, Philam, Manulife at CAP kasi mga plans ko. Pero, if I have time, I’ll research it.

  14. Nors on August 6th, 2010 5:59 pm

    Hi Liza, thanks for your great news. Sana mai-share mo rin kung saan mo in-invest uli at baka maganda at effective idea rin yan.

  15. Jose Carpio on August 28th, 2010 8:16 am

    Nors,

    My wife and I, expats here in KL, have Future Provider Plans with Family First/Danvil that matured last July 2, 2010. We filed our claims last June 4, 2010 when we paid the remaining balance. (Yup, we were in the Philippines that time.)We were told that the processing was 45 days and about the requirements in authorizing somebody to collect the checks on our behalf.

    Anyway, my sister-in-law was able to collect the two checks last Friday, 28 August 2010. She’ll be depositing the checks in our account next week.

    I hope this is good news to other plan holders who stuck with their plans with Family First/Danvil.

    I will make an update after a week or two when the checks have cleared.

    Thank you once again for your website as it provided information regarding the status of pre-need plans in the Philippines. It helped us decide not to pre-terminate our plans with Family First.

    Regards,

    Jose

  16. Nors on August 30th, 2010 7:32 pm

    Thanks, Jose, for taking the time to share your good experience. Updating others who are still paying their Danvil plans will do a lot in giving them some encouragement. I too have filed my claim two weeks ago, and I expect to get my check in October. We will be thankful again if you visit and share some info when your checks have cleared. More blessings for your in KL.

  17. Jose Marcelino Carpio on September 11th, 2010 5:59 pm

    Dear Nors,

    As promised in my earlier posting, I would like to inform you that the checks have cleared.

    Best regards.

  18. Nors on September 11th, 2010 6:48 pm

    Thanks, Jose, for visiting again. Nagbunga rin yong ating hinulugan. Congrats! Best regards too.

  19. Reynaldo Guarin on May 30th, 2011 1:14 am

    paano po makakuha ng password para makita sa site ng Family First ang aking hinuhulugan? thanks

  20. Nors on May 30th, 2011 8:43 am

    Hi Reynaldo, disabled na yata yong feature na yon, baka wala nang mag-asikaso. kasi may nag-comment sa ibang Danvil post dito na hindi rin siya maka-log-in. I suggest tumawag ka sa Danvil at tanungin mo kung ano na ang status ng iyong plan.
    02-755-1521 or 02-755-1591

  21. rosie regualos on September 4th, 2011 11:56 pm

    Dear DANVIL planholders:
    things that I want to share now about Danvil is not good. I just went to their office today at Sm Fairview(pplic) to apply for the maturity benefit of our plan. We were shocked because the staff told us that we can only get half of the amount of our plan and the other half will be paid to us in installment for 5 years! The staff told us that Danvil is under conservatorship now. This is not fair. I will call the insurance commission about this and hope that they can help us planholders about this matter.

  22. mitchi on December 16th, 2011 7:56 pm

    wala na pala silang pera eh bakit may pangbayad pa sila ng rent sa SM, ang mahal ata ng upa dun tapos di nila ibibigay ng buo ang pera natin gayun nag mature na, di yan tama! kelangan lumaban tayo.

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