Pre-need Companies in the Philippines Now under Insurance Commission
Pre-need companies in the Philippines are now under the supervision of the Insurance Commission.
The pre-need law was passed in December 2009 and the implementing rules and regulations (IRR) were signed in March 2010.
Visit the website of the Insurance Commission at insurance.gov.ph, and you will see the pre-need code and the IRR already published on the site.
You will also see the list of the 23 pre-need firms under Directory of the IC home page. However, the list on the IC was still the list previously prepared by the SEC.
The list includes the 23 pre-need firms that were licensed to sell pre-need plans as of December 2009:
- Abundance Providers and Entrepreneurs Corporation (APEC) (formerly Pacific Plans)
- AMA Plans
- Ayala Plans
- Caritas Financial Plans
- CityPlans
- Cocoplans
- Danvil Plans (formerly Berkley International Plans)
- Destiny Financial Plans
- Eternal Plans
- First Country Plans
- First Union Plans
- Grayline Plans
- Himlayang Pilipino Plans
- Loyola Plans Consolidated
- Manulife Financial Plans
- Mercantile Careplans
- Paz Memorial Services
- Philplans First (formerly Philam Plans)
- Provident International Plans
- St. Peter Life Plan
- Sun Life Financial Plans
- Transnational Plans
- Trusteeship Plans
The only two changes from the May 2009 list are:
- the addition of APEC to the list
- change of name of Philam Plans to Philplans
For those who have complaints, inquiries or claims, you can address them to:
Public Assistance & Information Division
523-8461 to 70 local 102, 103, 105
pubassist@insurance.gov.ph
Comments
Whether in ENGLISH, TAGALOG or TAGLISH, your comments are well-appreciated, but please, not pure TEXT SPEAK, kasi matagal intindihin. Thanks a lot.
92 Responses to “Pre-need Companies in the Philippines Now under Insurance Commission”
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[...] Pre-need Companies in the Philippines Now under Insurance Commission [...]
Please clarify status or whatever information about IDEAL PENSION PLANS CORPORATION (IPPC) business activity.
Hi Gregorio, based sa SEC lists, ang Ideal ay hindi na licensed to sell preneed plans as of January 2009, as you know na rin. In my opinion, parang hindi maingay ang mga Ideal planholders, kasi konti lang ang mga nakikita ko sa Internet. Kahit sa mga Pinoy news online. First time na narinig ko na meron palang Ideal ay sa sulit.com.ph early last year where I opened a forum thread about Danvil Plans, and there was one who related he’s an Ideal planholder whose maturity claim has not been given despite repeated follow-ups. Palagay ko, if you can organize a group, you can discuss how you can pursue your investments. You can begin with the planholders here http://forums.mukamo.com/isyu-101/12034-ideal-pension-plan-corporation-ayaw-magbayad.html, and here
http://www.workingpinoy.com/2009/02/danvil-plans-other-pre-need-firms-updates/ (Look for Jay on June 15, 2009). Just comment again here if you like to contact Jay and I’ll email Jay if he likes his email address to be given to you. You can visit these http://pepcoalition.org/
and http://pepcoalition.wordpress.com/.
My husband passed away 3 years ago. 2 anak ko ay nasa college na. Salamat sa Diyos at kahit paano eh naiiraos ko pa ang pag-aaral nila. I went to Ideal Pension Plans a month ago at ang sabi sa kin eh ang court na raw ang mag-de-decide. Ano yun????? Pikon na pikon na ako sa kanila. My kids would always tell me na asa pa raw ako… is there something to expect pa nga ba?
Hi Tina, I admire you for your determination and efforts in sending your two kids to college kahit ikaw na lang. Wow! Congrats! Hindi ako familiar sa case ng Ideal Pension, pero sana nga marami pang mag-comment dito na may Ideal plans para mapag-connect kayo para you can talk about how you can pursue your claims. Meron nang nag-comment dito na tatlo yata, pang-fourth ka siguro. Sige, I’ll post one of these days about Ideal Pension, baka maka-attract pa ng other Ideal planholders. May mga nagsara din katulad ng Pamana, Pryce Plans, at Permanent, pero they try giving some things, ration out what’s left of the funds, or schedule claims payments in the years ahead as they sell their properties.
re Gregorio Tejano hi sir..si jasmin eto..i just want also to know abt the latest status of ideal pension plans corp..i keep calling but still no answer..
Hi all! I just received NOTICE OF HEARING from Regional Trial Court, National Capital Judicial Region, Branch 66, Makati City which states:
IN THE MATTER OF THE PETITION
FOR VOLUNTARY INSOLVENCY OF
IDEAL PENSION PLANS CORP.
IDEAL PENSION PLANS, Petitioner.
NOTICE OF HEARING FOR: MEETING OF ALL IDEAL CREDITORS
You are hereby notified that the above-entitled case will be heard before this Court, located at the 12th Floor, Makati City Hall Building, on the 5th day of October 2010 at 8:30 am, at which date, time and place, you or your duly authorized representative may appear for the selection of assignee and to prove through written evidence your respective claims, without which, it shall not be admitted.
City of Makati, August 23, 2010.
SGD. ATTY. JOHN IVAN B. TABLIZO
Branch Clerk of Court
I hope that this time we will be one and united to press Ideal to give us what is legally due us. Hope everyone could come.
[...] Pre-need Companies in the Philippines Now Under the Insurance Commission [...]
umatend ako ng hearing last oct. 5 sa makati branch 66 regarding the ideal plans petition for voluntary insolvency ang gusto nila ay ang ibigay ay wala pa sa 50 percent..ganon na lang ba un?tapos pumunta ako ng ideal main office sa makati .ayaw ng magbigay ng computation nila ng makukuha kaci raw naipadala na raw sa branch 66 ng rtc makati.tapos sa rtc naman ayaw din magbigay ..ano na ba yan,,ang sec o insurance com. bakit di sila umaakto sa problemang ito.. sana naman bigyan nila ito ng pansin libolibong tao ang biktima dito..
Hi Loreto, oo nga, marami talagang planholders ang hindi naprotektahan ng SEC mula pa sa CAP, Pryce, Permanent, at marami pang pre-need firms. Kahit paano, meron kang nakuhang update tungkol sa Ideal. I’ll post again kung may makuha akong info na useful.
sa kinauukulan, isa po akong planholder ng isang kumpanya, sana naman para sa SEC at sa IC ay magkaroon ng close monitoring sa lahat ng kumpanya na nagbebenta ng plano.and if possible e magkaroon ng monthly updates regarding sa mga licensed company na talagang pwedeng pagkatiwalaan at may sapat na pundo. sa totoo lang po natatakot na rin po ako kagaya ng mga nangyari sa mga pre need companies at mga insurance companies. sa hirap po ba naman ng buhay sa ngayon tapos maloloko at mabibiktima ka pa ng mga kumpanya………. wag naman po sana!
Hi Jun, tama ka sa yong insight. Ang monitoring ang isa sa mandates ng SEC at IC, pero marami pa ring lumagpas, lalo na yong sa SEC. Lagi ko ngang tinitingnan yong IC kung ano nang development sa pre-need, pero yong list nila, yon pa ring galing sa SEC. Lagi mo na lang i-search yong name ng company mo sa Internet, para malaman mo agad kung may reklamo or news against your company. Pero, mukhang nag-stabilize na ang karamihan, at yong mga malalaki ay stable pa rin. Thanks for sharing, and I hope you share again anything you find out about pre-need firms.
isa ako sa mga pre-need plan ng grayline plans,inc.nag matured ang aking policy noong july 2008.pinasubmit nila ako ng aking policy at sabi nila i follow-up ko na lang yung release ng aking claim.nakaraan ang ilang buwan sinabi nila sa akin na makukuha ko ang aking claim noong 29 november 2009 ngunit nang kukunin ko na sabi nila na reschedule ang pagrelease pero walang sinabing petsa at patuloy akong umaasa buwan buwan at nang huli kong makausap ang isa nilang empleyado ay sinabi sa akin na wala pa raw abiso ang insurance commission kung kailan nila ibibigay ang claim ko.umaasa po ako na matutulungan ninyo ako sa problema na ito at maraming salamat.
Hi Efren, nakaka-high-blood naman yong case mo. Nagtataka lang ako na hindi nabigay sa iyo yong claims mo noong 2008, dahil hindi naman nababanggit sa news noon na may problem ang Grayline, at saka nakakasali pa siya sa list ng licensed pre-need firms as of Dec 2009. Based sa typical na processing na 30 to 60 days, dapat nabigay sa yo yong maturity benefits mo noong Aug-Oct 2008. Bakit kelangan ang abiso ng IC bago ibigay ang claims mo eh ngayon year lang nalipat ang supervision ng pre-need sa IC? At saka hindi na kelangan ang approval ng IC sa pagbigay ng claims, except lang kung under special case (may IC investigation, etc.) Ang ma-suggest ko, pumunta ka sa IC at magpatulong ka doon. I emailed IC once about preneed but no one replied, kaya mas maganda personal. Bring a xerox copy of your policy, (keep copies at home), IDs, cedula (kelangan sa notary), your cert. of full payment (kung meron), at receipts. Magsulat ka na rin ng letter at isulat mo yong case mo. Anong ilalagay sa letter? I-base mo na lang dito. You’re the first person na nag-comment about Grayline dito. I searched sa Internet kung may mga nagrereklamo rin, pero wala. Bakit kaya? Kindly write again about your experiences. Hope IC can help you.
hi! regarding po sa ideal plan holder..ung kumpare ko po kasi holder sya ng ideal then nagmature na po ung insurance nya this july he passed away na ang naiwan lang nya sa kumare ko eh! ung insurance certificate lang then nagpunta po sila sa makati ask sa kanila bank craft na raw po…may makukuha pa po kaya sila at ano po kaya ung pwede nilang gawin..thanks
Hi, Ruth, based sa mga nagco-comment dito, Nov 5 yong deadline ng pag-submit ng claims sa court, pero may hearing sa Regional Trial Court sa 12th Floor, Makati City Hall Building on November 19. Xerox your insurance certificate para may kopya kayo. Pag bankrupt na kasi ang company, paghahatian yong mga natitirang assets ng company ng mga planholders. Kung konti na lang yong assets, konti na lang yong share ng bawat isa. Puede ninyong tawagan itong lawyer na ito kung tumatanggap pa siya ng claims (recommended by an Ideal planholder na nagco-comment dito): Atty. TRISTRAM B. ZOLETA, 1804 18th Floor, Manila Astral Tower, 1330 Taft Avenue cor. Padre Faura Street, Ermita, Manila 1000, Landline: 5301103 Cellphone: 09194418081
kumustahin ko po yung CAP ano na ba ang kalagayan may pag asa pa ba kami makuha namin yung pera namin fully paid na po ako sa pension plan ko malapit na yung maturity pwedi ko pa ba i claim yung cap sana buhay pa sila .
Hi, Nilda, oo, buhay pa ang CAP. Pag-uwi mo, punta ka na sa CAP. I’m not sure kung maibibigay nila agad, o kung lahat. Kabebenta lang ng CAP yong MRT stake nila kay Manny Pangilinanan, dapat may pera sila. Last year kasi, nakuha ng hipag ko yong educational benefit niya – although delayed, at di na buo (open-ended kasi yong plan niya, at yong public university lang). Pag may makita ako about CAP Pension, update kita. Take care.
isa po akong retiradong sundalo at plan holder po ako ng pre-need platinum plans. 5 yrs po ang plano at na fully paid po ako noong mar 2006. tanong ko lang po kung paano ko pa maku-kuha ang nahulog kung pera na closed na po sila. maraming salamat po.
Hi, manuel, nakakalungkot talaga na ang dami talagang nabiktima ng mga nagpatayo ng preneed businesses, pero hindi naman nila tinupad ang contracts. Hindi ako masyadong familiar sa case ng Platinum, kasi 2007 pa pala ito may problem. Nag-surf nga ako about Platinum, pero puro discouraging ang mga nababasa ko. Napawalang-sala pala yong mga may-ari nito. Meron palang nag-organize ng campaign to get back their money from Platinum, pero hindi successful. Currently, nagre-research pa ako. Merong complaint form ang SEC dito (kasi under SEC pa ang Platinum noon). Kaya lang, ewan ko kung may magawa pa ang SEC. Ang naisip ko ngayon, i-xerox mo yong policy mo, at gumawa ka ng complaint letter based dito sa COMPLAINT INSTRUCTIONS dito, at ibigay mo sa Congressman ninyo diyan sa Tacloban pag pumunta diyan, baka sakaling may magawa siya. Tell him you’re a retired SOLDIER. Yong mga taong nagsilbi sa bansa hindi pinatawad ng mga PRENEED — Yong sa Legacy, more than 12,000 soldiers including Querubin lost over 320 million.
Sorry, Manuel, ito lang ang konting suggestion ko.
Hi! I am posting here email from my lawyer, Atty. Zoleta, what transpired during the hearing and his observations. Thanks…
During the hearing of the petition on November 19, 2010 at 8:30 a.m. the petitioner Ideal Pension Plans Corp., presented its first witness to support their application for insolvency, Carmen Gabriel, the current President of the petitioner. Her testimony was focused on the unavailability of the company to pay its plan holders due to the fact that the investments [which are the pension holders money] they placed in the bank(s) turned out to be negative and/or the company incurred losses in its said investment; she identified some documents among which, is the trust agreement the company entered into with different banks [which the plan holders were not advised and/or notified]. She finished her direct testimony and some of the lawyers were able to conduct their cross examination. Our turn to cross-examine Ms. Gabriel will be on the next hearing, next year due to lack of material time [almost 12 noon na natapos ang trial]. In sum, her testimony is to the effect that the obligation of the company is more than its asset. Before the session was adjorned , the court appointed a temporary receiver in the person of one of the lawyers of the pension holders who is a CPA.
I will secure the transcript of stenographic notes [tsn] for your perusal and for my guide on the cross examination that I will conduct next hearing.
ATTY. T.B. ZOLETA
Hi, juni, thanks a lot for sending this info. You’re the only one who’s able to give the right info because, among Pension planholders commenting here, it seems you’re the only one with a lawyer attending to the case. Now I can refer to this info of yours if some more planholders ask about the hearing. Thanks again, juni.
Could you please give us any information as regards the status, business undertakings or activities of ALL ASIA PLANS CORPORATION or any other proceedings involving ALL ASIA PLANS CORPORATION.
Thank You.
Sir Nors,
What particular department po ba sa SEC ang puwedeng pagtanungan kung may OFFICIAL na PETITION for DISSOLUTION na i-finayl ang isang pre-need company?
Sino po ang hahanapin?
Maraming Salamat po.
Hi, Erth, subsidiary/affiliate pala ng Legacy ang All Asia? Nakita mo na ba ito sa SEC? http://www.sec.gov.ph/order/All%20Asia%20Plans,%20Corp.%20etal%20-%20CDO.pdf . Or puede mo ring refer ka rin muna dito: http://www.workingpinoy.com/2009/03/how-to-file-a-complaint-against-any-pre-need-plan-company-in-the-philippines/ Thanks din. Hope these help. I’ll post again here if I find some news about All Asia.
Eto pa Erth, mas updated, wait lang daw kayo kasi All Asia claims are under review. Baka you need to file a claim. http://www.sec.gov.ph/notices/notice%20-%20legacy%20et%20al%20transfer%20to%20IC.pdf If you’ve time in the days/weeks to come, kindly share what happened to All Asia. Thanks.
Sir Nors,
Thank you so much for the valuable information you have shared with us… Sobrang nakakabilib at ang bilis ng response ninyo to our concerns…
Sige po we will try to make use of the information and we’ll get back to you for feedback.
Godbless.
Hi po Atty Zoleta,
Gusto ko sana pumunta sa office mo para po ilapit ang claim ko sa IDEAL PENSION PLAN na fully paid na worth 500k upon maturity.
kaya lng po overseas pa ako ngayon,by March pa ang uwi ko.
pwede paba maihabol yong claim ko by March?kompleto po ang documents ko,cert.of full payment,policy cert.at machine validated receipts.pwede rin ba kong maaari na maipadala sa
email add ko ang mga terms/condition at magiging participation ko sa fees,time and compliance!
GRAYLINE PLANS, INC.
I have a Pension agreement with this company last September 5, 1997. I have my plan agreement number with me.The maturity period is 15 years with a maturity value of P30,000. Could send me information or updates??? thank you very much.
Hi, Majella, you’re the second person who asked about Grayline here. Mag-file ka na lang ng complaint with the SEC. Under na ngayon ng IC ang pre-need pero under pa ng SEC ang Grayline noon. http://www.workingpinoy.com/2009/03/how-to-file-a-complaint-against-any-pre-need-plan-company-in-the-philippines/ parang tahimik lang ang mga planholders ng Grayline. Wala akong makita sa Internet. will post if I read something about Grayline.
Happy New Year.
Good Afternoon, i just want to ask your guidance if what particular department that impose all notices in the matter of All Asia Plans. And the particular person concerned about the liquidation of all claimants for All Asia Plans Issue.
Hoping for your kind response.
Thank You.
hello .. hingi sana ako ng tulong kasi ang insurance ng aking mama ay nakuha po ng iba.. nadiskobre lang namin yong nagmaturity na po .. kaso na withdraw ang pera.. ano po ang aming gagawin..
Hi honeylee, gumawa kayo ng copies ng insurance policy ng mama mo, at itago niyo. Then punta kayo sa insurance firm, at i-claim niyo yong insurance. Meron silang mga hahanaping documents. Paano nawidro ng iba kung nasa inyo ang insurance policy? Kayo ba ang beneficiary? Kung di kayo asikasuhin ng insurance firm, punta kayo sa Insurance Commission sa UN Ave. at magtanong kayo kung anong gagawin.
Hi, Erth, I checked the SEC website, wala pa namang new notice about All Asia. Ang department in charge of pre-need firms sa SEC is the Non-Traditional Securities and Instruments Department. http://www.workingpinoy.com/2009/03/how-to-file-a-complaint-against-any-pre-need-plan-company-in-the-philippines/ Ang sabi sa last notice, the claims are being reviewed. I suggest punta na lang kayo sa SEC if you haven’t filed a claim to file a claim, or ask if you need to file a claim even if you’re a legitimate planholder.
Hi! my husband has a matured plan with grayline and we filed a claimed last march 9, 2009, i kept on foloow-up through long distance call peron ang sabi nung miss che2x of grayline manila wala pa daw advised ang insurance company regarding sa release ng claim but davao branch have already schedule for the release o claims. ano ba talaga ang totoo?may pag asa pa bang matanggap yong pinarhihirapan ng asawa ko?bale 100,000 yong claim ng mr. ko po. pls help us. tanx
Hi, Vicky, you’re the third person to complain about Grayline here. Nagtataka lang ako dito sa Grayline dahil nasa list pa siya ng licensed pre-need firms as of Dec 2009, pero hindi na sila nakakabigay ng benefits 2008 pa. Ang suggestion ko since nasa Manila naman kayo ay to file a complaint with the SEC, kasi under SEC pa noon ang Grayline. You can take a look at this guide. http://www.workingpinoy.com/2009/03/how-to-file-a-complaint-against-any-pre-need-plan-company-in-the-philippines/ Nagtataka rin ako wala man lang akong maresearch sa Internet o sa mga archives ng news about Grayline. Will post again if I read anything about Grayline.
Hi, Vicky, Davao nga pala kayo (based on your IP), I said in my reply na”dito lang naman kayo sa Manila.” I think you can send your complaint thru email — gpfelizmenio@sec.gov.ph to Director Graciano P. Felizmenio, Jr. Non-Traditional Securities and Instruments Department
Good Day!
Sir Nors, we would like to ask if we can’t find time to go personally at SEC, can we create a formal letter thru email and send it to gpfelizmenio@sec.gov.ph (Director Graciano P. Felizmenio,Jr)?
Will he accommodate our concerns?
Thank you.
Hi, Erth, I suggest i-try ninyo. wala namang masyadong expense ang email. Lalo na siguro kung i-mention mo sa letter mo na malayo kayo. Pero kung sa formal talaga, sa aking opinion, yong registered letter ay formal yon. Mare-record yon sa logbook ng Central Receiving and Record Division (CRRD) which shall forward the complaint to the Non-Traditional Securities and Instruments Department. Puede rin sa SEC regional branch kung meron kayo diyan. “If complainant resides outside Metro Manila, he may file his complaint before the Receiving Section of the nearest Extension Office of the Securities and Exchange Commission.”
HI Sir,
Hingi lang po ako ng advice. Hindi kasi ako nag file for claim sa CAP. simula ng nag declare sila na ang funds nila ay hindi na sapat para tus-tusan ang mga studyante. Ang anak ko po ay mag ka college na sa 2014. May pag asa pabang bayaran ng CAP ang kanyang pag aaral hanggang sa makatapos siya?. Since na sinabi mo na buhay pa ang CAP.
Thank you po.
Jun A
Hi Jun, palagay ko mas may chance pa na may makuha ka, kasi sa 2014 pa. Pero opinion ko lang. Kasi yong hipag ko, may nakuha siya, pero sa pam-public university lang, nitong 2010 natapos. Kasi taga Pandacan lang siya, so pumupunta siya sa Cap Makati. Hindi ko lang natanong kung full pala yong nakuha. Kasi noong una, a certain percentage lang. Pero, last year, nabenta ng CAP yong shares niya sa MRT, at hinabol ito ng isang active CAP group. Ang plan kasi nina Sobrepena ibayad sa debts ng CAP sa 2 firms (pero owned by them), napigilan yata ng court under the rehab plan. Paki-Google na lang ang CAP sold MRT or CAP rehabilitation for the latest news. Dapat may makuha ka, at sana more than what you paid, or if not, a big percentage of it. By the way, I’m Nors.
The pre-need code is silent in protecting the rights and benefits of pre-need agents and commissioned collectors against the abuses of management. The no employer-employee relationship between the agent/collector and the company is a gray area that is subject to the abuses of management invoking a single phrase:Management prerogative. Something must be done about it fast.
Feb.18,2011
SIr/maam heloo po really disperate about the eduacational plan ng anak ko di DIvine GRace R. Manuel, namatay n husband ko hnde pa rin kame nakaclaim sa Grayline last time tumawag pa ako sa office nila sa BAnawe hnde pa daw ako nakaclaim kc wla pa diploma anak ko so sabi ko claim ako pag ka graduate n nya so yun ng na completo na wla n din yung office nila sa banawe maam/sir taga zamboanga po kame ang hirap nag followup hope you understand, 2 po yung policy contarct ng anak ko yung isa palang nga ang naibigay ng certificate of full payment
Hi, Francisco, I haven’t read the entire code. Pero siguro precisely because of the commission-based system of compensation kaya ganon. Parang sa insurance, or real estate, or car selling, na management prerogative kung anong benefits ang gusto nilang ibigay or kung anong rules ang i-implement. But, as you said, we can do something about it, though it would be hard. Lobbying, blogging, letter writing, etc. about your suggestion can be a start.
Hi Divina, oo nga, ang hirap ng situation ninyo, I feel anger at Grayline and other pre-need firms who collected money and then failed to return kahit yong mga premiums lang. Meron nang mga 4 Grayline planholders na nag-comment dito na wala silang nakukuha. Ang mai-advice ko lang ay mag-file kayo ng complaint sa SEC. Since nasa Zamboanga kayo, tingnan ninyo ito, at gumawa kayo ng letter of complaint, at i-mail ninyo sa SEC. Ang mas maganda, lumapit kayo sa Congressman ninyo, dalhin ninyo ang mga documents ninyo, pati xerox copies, para yon ang ibigay ninyo (Keep your original copies). Palagay ko, puede rin sa mayor ninyo kung malayo ang Congressman. A helpful mayor can find ways to help his/her constituents. I’ll write about Grayline soon para ma-highlight ng konti ang Grayline.
regarding platinum plans paki update naman po kung ano na nangyari kasi sabi nila magrerelease na daw sila sa 2010 ng mga benificiaries yung bayad na 4 po ang plans ko na bayad na nun pa pong 2005naabutan nga lang ako ng rehabilitation nila….. paki uasap po paki alam po kung ano na status nung nagpunta po ako sa office nila ala na sila doo.
Hello
I just read po na Danvil na ang Berkeley/ Family First Plan… it means din po ba na all Berkeley/ Family First plan holder eh na transfer sa Danvil???
Family First Plan holder po kc Q at malapit na ang maturity
thanx
Hi Aileen, oo lahat ng Berkley/Family First plans ay binili ng Danvil. At ngayon, lahat ng Danvil claims ay pina-process ng PPLIC or Philippine Prudential Life. Kung within this March to May na ang maturity ng plan mo, mag-file ka na ng claim para makuha mo yong benefits mo on time. Read this blogpost on claiming Danvil benefits.
Thnx po sa reply pro hindi po that soon ang maturity date 2016 pa po. Ano po gagawin Q to make sure that time may ma claim Q.
thnx
Hi Aileen, I suggest that you keep your policy in secure storage, and keep updated with developments regarding Danvil Plans and PPLIC. Visit this blog and the websites of Danvil, PPLIC, and IC from time to time.
Hi all,
Sad to hear about Ideal Pension Plan,this is my first time to inquire about my pension plan,can somebody give me some advice on what should i do to process my claim?
Thank you
gudpm sir it was listed here the companies who still sells pre-need plans. today ijust visited the office of my pre-need insurance company which is the Grayline plans located at the imperial hotel Claveria Davao City coz my plans is about to mature .unfortunately u cannot find it there already i asked the neighboring offices. they told me it was transferred at Manila. Could I ask what the real status of this company ? how will we get our money?
Hi Manny, yes, so sad. Ideal Pension has filed for bankruptcy in a court in Makati late last year. I think there’s no decision yet because I don’t see anything about it online. Essentially, the owners, Carmen Gabriel and her family are asking the court to divide the kapiranggot na natira of the assets among the creditors and planholders and to absolve them of any liability (how convenient for them). SEC also filed a criminal case against the Gabriels and Ideal Pension in the DOJ last year. I think what you can do is to file a complaint with the SEC (pre-need firms are now under the IC, but the problem happened during the SEC era). Here’s a guide based on the SEC cmplaint guide.
Hi Corazon, the telephone numbers of Grayline in Manila are also no longer working. The list above is as of December 2009; the list of licensed pre-need firms for 2011 no longer includes Grayline. Ang problema, meron na palang nagrereklamo in 2008 against Grayline, pero nalista pa rin siya in 2009! Ang lalong mahiwaga ay kung bakit walang balita about Grayline — no news kung nag-file for rehab or bankruptcy, or nakasuhan ng SEC, etc., or trying hard to return some of the money of planholders. Will write again about Grayline in a blogpost. I suggest you read this note on how to file a complaint with the SEC.
Update on Ideal.
Next hearing is on March 18, 2011, Friday at 9:00 am sa RTC Makati Branch 66.
Under liquidation na po ang Ideal. The court is in the process of approving the liquidation plan. Kailan makukuha ang pera? Di po natin masasabi. It could be months or even years from now. Wag po tayong mag expect na makukuha natin ng buo ang contract price. Approximately 20% lang makukuha. Depende sa mabibentang ari arian ng court appointed liquidator, Baka masa malaki o mas maliit ang makukuha.
Grayline Update
Mag file po tayo sa Insurance Commission (IC) ukol sa ating claim. Nalipat na po sa IC ang regulation at supervision ng Pre-Need Companies.
Kahit nakapag file na kayo dati sa SEC, mag file po uli tayo sa IC para mapangalagaan ang ating ineteres sa ating plan. Pag hindi po, posibleng maapektuhan ang ating claim.
Hi, Nori, thanks a lot for the valuable info. I admire also your efforts/perseverance and at the same time for being realistic about the results of the hearing and the claim payments. I’ll post your Ideal update on another Ideal article kasi baka yon ang ma-click nila na article. Thanks again.
Hi Nors, Thank you very much for this important updates.
Regards
Hi, Manny, thanks also for your encouraging comment. Regards too.
Himlayang Pilipino plans is a dying company with the recent Banco Filipino closure being a member of the Aguirre group of companies.
With its ill-mannered cebu AVP, a man with no integrity and a master of stealing accounts from their own agents, you’re never in good hands.
If you’re as desperate as these clowns are to make a sale and would like to waste your life on these losers, then this company is for you.
TWO THUMBS UP!!! ALL THE WAY UP…
Hi Mark, sana naman hindi maapektuhan ang HP for the sake of the planholders. Pero, accdg to its website, HP daw was able to service its planholders even when BF failed in the 1970s, 1980s. Siguro totoo naman kasi di naman na-suspend ang HP at wala namang reklamo sa media against HP, sa pagkakaalam ko. Insular Life naman insurer ng HP, so nakakatulong. Yong about the Cebu AVP, if he’s doing that, that’s sad. That’s greed.
ask ko lng mlapit n yung maturity ng plan ng husband ko who passed away n last 2004 pero fully paid sa pacific plans mega optima plan n kinuha nia . nwala ko kze ung policy panu at anu reqrmnt pra mkakuha ng copy ng policy. =- jhing
To Whom It May Concern:Wake Up call….
To CAP Pre-Need Educational Plan of Zamboanga Branch( Davao Branch).Hello fully paid na po ako at ang kapatid ko five years to pay five years to wait.Third year college na po ako this opening 2011 at isang beses lang po ako nakatanggap ng 1thoumula CAP..Hello po saan na po pangako nyo..Please include our name sa mga mga dapat makatanggap ng cheque mula CAP..Hello Cap Davao Branch wake up!!!
UPdate lang po CAP Pre need eucational plan Zamboanga Branch..( Now sa Davao Branch daw po i follow up)..Saan na allowance ko one time lang ako nakatanggap ng pera sa CAP eh Third year college na po ako this opening..Please poI need that money for my studies five years yan pinaghirapan ng mga magulang ko..Pls Sir Mar Roxas Hepl me…Thank you.
Hi Leonardo, follow-up ka lang. And make copies of your papers and receipts. Request for a cert of full payment if wala ka pa. Follow up lang, kasi yong niece ko dito sa Mla ay nakakuha naman sa kafa-follow up, although delayed na delayed.
Hi jhing, napansin ko walang sagot yong question mo na april 6 pa, pero parang nasagot na kita — sa other blogposts siguro?
The name of Pacific Plans now is APEC or Abundance Providers and Entrepreneurs Corp. Go to their website apecplans.com and read how to make claims. If you lost your policy, submit an affidavit of loss together with copies of your IDs. Bring additional papers such as death cert, marriage cert. etc. and copies.
Good evening. I have Platinum eduacational plan for my daugther that is due this month and I have a Platinum pension plan also that will be due next year. Ano na bang nagyayari sa kanila? May balita ba kayo kung paano kami maka-claim? Kailangan sana namin yon pang-enroll sa aking anak. Please help us. You may provide us info, contact number and address.
Hi Lowell, basahin mo na lang ito at mga comments dito. may nagbigay din ng tel no dito. http://www.workingpinoy.com/2011/02/planholders-platinum-plans-ideal-pension-plans/
hi can i ask if where can i claim my grayline educational insurance?
Dear all,
I want to claim for my matured benefit from PLATINUM PLANS Philippines. Can anyone please help me? Meron na po ba sa inyo ang binayaran ng Platinum Plans? If you know of a lawyer who can help me, I would appreciate a referral. I will pay 25% of whatever it is that we can collect from Platinum Plans. Maraming Salamat po.
Joy Cadangen
Baguio City
Hi Joy, merong updates about Platinum dito. Scroll down sa mga comments. Platinum
Dear Nors,
Maraming salamat sa information. I will visit the FB and join. I agree sa mga ideas above, the bigger our number, the stronger we are. Let us join our resources together. Sana mabayaran tayong lahat. Regards.
Joy
Please give me more information as to the financial status of Himlayan Pilipino Plans.
Gusto ko pong malaman kung mababayaran pa ako ng Pryce Pension Plan. Last March 16 2007 pa po ang Maturity Date.
Hi, I’m here in dubai namature ang plan ko last feb 2011, makukuha ko pa ba ang pera by the time ng uwi ko sa dec.2012
Hi Lolita, ano yong plan mo? Anong company?
good day, ano na po ang development with ideal pension plans? would appreciate if anyone can give an update with the company. thanks po ng marami.
Hi I’m lolita,I see hindi ko pla namention ang company. I have my matured pension plan in CAP, unfortunately andito pa ako sa dubai dec 2012 p ako makakauwi.balita ko may mga nakakuha na sa educational plan how about pension plan I have no news.sana naman makuha ko pa next year para may pandagdag naman sa puhunan para magnegosyo nalang.I’m away from my house for a long time, no one lives in my house I don’t have any idea if kinain na ng daga ang mga papeles ko including my certificate of full payment. I’m sure they have a record if in any case wala na hindi ba nila ako idedeny? .thanks..
Hi lolita, sana andon pa yong mga papers mo. Kung kinain ng daga, siguro may natira naman kahit kapiranggot. I-xerox mo agad. Anything na may CAP na may name ka, receipt, slip, letter from CAP, kasi kelangan yan to prove na meron kang plan. Sa ideal na sitwasyon, dapat meron silang record of your plan, at dapat na mabigyan ka ng copy if you request for a copy. Sa other insurance firms, you can request for another copy of your policy. Ang sis in law ko naka-claim naman sa CAP Education, pero low-cost plan lang kasi yong sa kanya. I hope you can claim too. Sa mga nababasa ko about CAP, merong mga options na binibigay sa planholders. Best regards.
Hi Tina, tingnan mo yong mga comments dito:
http://www.workingpinoy.com/2010/09/ideal-pension-plans-corporation-planholders-time-to-unite/
Best regards
hi all,
could you please help me know the status of loyola plans, im planning to buy a memorial plans for the family, what i heard 3 years na daw medyo not doing well, please help me decide.
thank you
Good Pm Mr. Nors,
Still, we haven’t yet get any new notice about the remedy we could get out from All Asia Plans which I think under na ng Insurance Commission? In addition, we still can’t make any new move since we already paid losses coming from our office.
Hope to have more current issues about them.
Thank you.
my pension plan matured last august from Danvil Plans,now they say the’ll only give me 50% of the due amount, the remaining 50% to be paid equally in five years without interest. what can I do?
my plan matured last august from Danvil Plans, but they only give me 50% of the amount due, the remaining 50% to be given equally in five years, without interest. What can I do? Hope others will not suffer same fate.Those offices in high end malls must stop selling pre need plans- the high rentals must have eaten up their finances.
Hi. Thanks so much for this. Would you be able to help us in finding out whatever happened to Pryce Plans? My investment matured four years ago and inspite of repeated follow-ups, nothing has been happening. My daughter is nearing college already and the plan was for her high school education. Please help! Thank you very much!
nagmature na po insurance ko sa grayline. ano po requirements s pag-claim sa grayline?
nagmature na po ang grayline insurance naming 3 ng sis & mother ko. same sa tanong ni ms. verba portacio, ano po ba ang mga requirements sa pag claim & saan po kami pupunta? pwede po ba ako nalang magclaim nun in behalf of my mom kasi maysakit po sya & ang sis ko po may work…thanks po…
paano ko po maclaim ang pension plan ko sa grayline magmamature na po siya sa february 2012. tnx po and more power
april 2008 pa kmi nagfile hanggang ngayon hindi pa namin natatanggap ang educational plan claim. palagi kmi nagpafollow up sa office sa davao pero sabi nila tatawagan lng daw kmi pagdating ng check, pinuntahan namin ang office wala pa daw. Ang office nala nagtransfer sa bonifacio st. davao, pinuntahan namin pinapafollow-up wala parin sabi nila ifollow-up lang daw nila sa manila. pabalik-balik/tawag kmi s office nila.. ngayon wla nang sumasagot sa phone.Di na rin namin malocate ung office nila ngaun. paano nmin maclaim ang perang pinaghirapan ng papa ko pra s education ko.pls HELP
good day.have you heard about the THE PROFESSIONAL GROUP? kindly tell me whats the status of this pre-need company? i’m one who invested my money there.next year my contract will end and i want to claim all what i invested.is there any remedy?
Sir/Madame,
Policy holder po ako ng GRAYLINE Insurance, this coming school year my son will enter college, I read some comments and I found out that there are some claims na hindi naibibigay, sa hirap po ng buhay malaking tulong po sa amin yun kaya nga po naghulog ako sa loob ng 5 years when my son ay zero age pa. ano po ba ang pwede nyo itulong o advise tungkol dito, pwede po bang malaman ang contact numbers ng Grayline para maka pag-inquire po kami.. taga Nueva Ecija po kami. Salamat po at nawa’y matulungan ninyo ang tulad naming nangangailangan
hi maam/ sir
my policy po ang mother ko sa GRAYLINE .. nkaka shock lang po ang nabasa ko dito sa site nyo kya naman pla po khit anong hirap at pagtyatago kong tawagan ang grayline ay wala po akong mapapala.. pno po kya ang gagawin nyan magmamature na po yung policy niya this january 31,2012.. 50,000.00 din po yon..para samin malaking pera na na po yan..haai paano po kaya nmin mahahabol ang pera sa GRAYLINE.. tnx a lot po..
ill wait for your reply sir/maam..
thank you again.