Planholders of Platinum Plans, Ideal Pension Plans, Grayline Plans — Who Will Fight for Them?

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  1. Hi Marina, it’s really frustrating, but Platinum failed several years ago. If you decide so, you can file a claim/complaint at the Insurance Commission along UN Ave.

  2. For those who still don’t know if their names were listed on the Master list and additional list just try the below link from our fellow Platinum holders but I’m not sure if those names were already officially noted or published at the Insurance Commission. Here’s the link on Master List;
    drive.google.com/file/d/OBzeWvYYiOkA9aW9ZR3VvbEE3bEk/edit?usp=sharing

    Additional List; drive.google.com/file/d/OBzeWvYYiOkA9MIVkbzQ5ZTIFUjg/edit?usp=sharing

    Willie

  3. PRYCE PLANS, INC.
    My plan also matured last August 26, 2014 and submitted all requirements to collect the full amount of my pension. I received a letter from a certain Ruperto Marasigan, Jr. & Adelaida Lingao of Pryce, that the company is under Conservatorship and it could only settle my claim thru swapping options as follows: (a) 30% cash pay out; (b) 70% equivalent memorial lots; (c) 70% equivalent LPG; or (d) 70% Pharmaceutical products.
    I knew that the company is already being mismanaged and would default in the payment of its obligation as early as May 2009. I filed a court case against the company, but it was dismissed on a technicality. My position then in 2009 and it still is now prior to date it was placed under Conservatorship, is that, by reason of Pryce’s admission that it is illiquid or insolvent, then it loses its right to avail or make use of the period as expressly provided for under Article 1198 of the Civil Code of the Philippines. Hence, plan holders who have fully paid the pension premium may demand immediate full payment of the pension plan from Pryce without waiting for its maturity date.
    I am also wandering what SEC, Office of the Insurance Commissioner and/or government agency concerned have done since Pryce became illiquid or insolvent many years ago to protect its plan holders. Pryce’s officers and directors should be made criminally and civilly liable for the mismanagement of the company and defrauding its plan holders of their hard earned money. Have they checked if Pryce’s directors and officers who are stockholders may still have unpaid subscriptions, etc? The other companies allegedly assisting Pryce may, in fact, be dummy corporations whose assets and/or properties may also be taken to secure payment of its obligations to plan holders.
    Atty. Manny Fule
    nymphafule@yahoo.com

  4. Hi Atty. Manny Fule, thanks for sharing helpful info. It’s really frustrating that government agencies have been unable to protect pre-need investors.

  5. Ihave here my certificate of full payment the type of grant is college how can i claim k

  6. i got a educational plan and pension plan at gray line plans incorporated here in cebu last 1998, educational plan for my nephew/niece richardson sarsaba but upon last payment of my plans the office of said company here in cebu city were already closed.

  7. how do i open the masterlist in that was indicated in the comment of Sir Wilfredo O. Quezon

  8. How can I claim our educational plan benefit from grayline? I’m now entering college. It was paid by my daddy. It’s such a waste if I won’t be able to use it.

  9. sa PLATINUM PO AKO, BUDGET PENSION PLAN poh ang ina-vail koh fully paid poh aqo mayroon po akong Certificate of Full payment kaya lang nag mature ng May 13 2011, na missed ko po ito because of some different problem and i’m newly employed that time is there any other way to claim, please kindly reply. thank you

  10. gud am po. my platinum plan is under platinum unlimited usage plan. maturity is june 27, 2016. fully paid po. what should I do? Should I go to the insurance commission to file my claim?

  11. good day po. misis ko ang plan holder under platinum unlimited usage plan fully paid na po maturity date april 2017.Paano po ma claim ang benifits.

  12. Hello po. Tagal na panahon ang problemang ito. Kinalimutan ko na rin.Dko alam kung may pag asa p bang maibalik ang pera na hinulog namin.Year 2000 pa po ito.Nag mature last 2010.Fully paid kming dalawa ni Daisy R. Antonio.Hinanap ko names namin pero ngtataka ako bat wala sa list.Sana namin makonsensya ung humawak nito dahil pawis at lungkot ang puhunan namin para lang bayaran ang insurance na ito. Salamat po.

  13. Hello Ms, I am a soldier who has been in the front line and now I’m retired. However, during the time I am out of budget, I can recall what the good GRAYLINE PLANS did to us. I paid up my Educational Plan just last 2008 but until now there’s no explanation or sorry or whatsoever from them. I should be using the money for my youngest child’s tuition but where’s the money? Is there no contribution from the government to solve this? I believed this issue is now slowly being forgotten based on my latest complaint. There’d been many times I made claims from SEC to Insurance and they were putting the blame on each other. There are a lot of soldiers who invested in this, but most probably, they’ve already given up hope. Do we still have hope? Thanks po

  14. Hi Dionisio, it’s always painful to me whenever we I get these kinds of comments in our blogs, especially from soldiers, farmers and teachers who sacrificed a lot in order to save for their children. It’s even made more painful that our national leaders, the SEC, IC and the courts are not able to do anything. With the latest court decision on the planholders of Platinum, I’ve lost hope in human resolution — I’ve lost hope that appointed and elected officials will/can do something (and this is not only about failed pre-need firms) — and I’ve now given it all up to divine resolution. Sorry that I am not able to help. I should advise you go to IC, you go to the media, but I don’t know — these have been done many times — and there have been no favorable result. (I’m hopeful though that the amounts to be given to Danvil planholders will be fair.) I’ll just pray that your youngest child will be able to go to school through blessings that will come your way.

  15. Hello po I’ve just read this. My mother is a holder of Family Pension Plan, fully paid. maturiy date SEptember 30 2019. The branch here is closed. Can we still claim? Please advise us about what we can do. Thanks

  16. Hi sheril, if your plan is Family Plans, this firm has been liquidated by the SEC in 1997. I don’t know if there are still assets. You can write or go to the office of:
    Mr. Manuel C. Baldeo, Jr.
    Family Plans Liquidator
    12th Floor, SEC Bldg., EDSA, Greenhills
    Mandaluyong City
    584-5343 / 584-5767
    or call by phone

  17. Gud evening, my niece and nephews’ policies were all fully paid. your baguio branch has closed and I was told you’re bankrupt. what should we do? all four are educational plans. thanks po

  18. Hi Freddie, so sad about those plans. You can email the Insurance Commission and ask how to claim your benefits: pubassist@insurance.gov.ph Include details about your plans (preneed company, planholders’ names, amounts, date fully paid, maturity date).

  19. Hello! Iam SHARON M. ESTOQUE a plan holder of Platinum Plans Inc. and I avail of Budget Pension Plan with policy #460121134193 which already matured last February 5,2014. I was able to talk to Mr. Homer Samson and told me I was not in the list of the claimants. He told me to write to Mr. Mamerto Marcelo, Jr. which I did but no reply. What shall I do now? Shall I follow up again my problem to Mr. Samson? What is the status of the case of Platinum Plans, Inc. Thank you..

  20. Hi my father is a retired police and he also a grayline pensioner. last month po I called grayline and was told to call sec and ic. I was able to talk with atty rosario gallo and was told to email info of pensioner. I emailed po last march 8 up to now there’s no update.

  21. may makukuha paba yung mga may plan sa grayline? mature na ngayon yung sa papa ko na namatay nung 1997, nahulugan nya yun nung panahon na nakapag turo pa sya, inaasahan pa naman sana ng mother ko yun pampa ayos sa bahay ngayon

  22. Hello po. I’ve read this only now. My mama got an educational plan for me from platinum plans. Maturity date is 2012. Mama has passed away a long time ago. Is there hope I can claim? Would be for my education. Thanks a lot! Godbless 🙂

  23. Hi Gladys, so sad that Platinum became bankrupt, and there’s little money left for planholders. You can email …will be back

  24. Gud am father ko po nag work as employee of DOD WASHINGTON DC as radio mechanic from 1967-72 with the US ARMY mother nmn po meat vendor and self employed sa SSS since 1980 kaso dpo nmin makita sss# Nya and 1979-1985 insured sya – Insular life Insurance for death grabe maski sss Ni tatay wala kmi Nakuha Maari nyo po b Kami mtulungan my father Generozo G. Mejorada born sept 16, 1930 my mother Herminia Nido Natividad / Herminia N. Mejorada

  25. Hi Abbie, yong sa mother nio: Go to SSS with your ID, your birth cert and your mother’s and father’s death certs (orig and xerox copies). Fill up ka ng 2 verification slips, one for your father and another for your mother. Your purpose is to verify their SSS number and contributions. Diyan mo na malaman kung meron silang SSS contributions o wala. Kapag meron, ask for SSS claim forms, then obtain the requirements and file your claim. Unahin nio muna yong funeral claim. Dapat meron kayong ORs ng funeral expenses. Kung sino yong nasa OR o kung sino yong gumasto, siya ang makakakuha ng funeral benefit. After nito, file your death benefit claim. You said your mother was self-employed: If SSS will say she has no Date of Coverage, ask them how to refund all the contributions your mother paid, or comment ka na lang dito uli.
    About your father’s US SSS: Email FBU.Manila@ssa.gov. Ask for help so you can claim your father’s SSS death benefits. Ask for the list of requirements and where or how to file your claim
    About your Insular Life claim: Punta ka sa nearest branch of Insular Life and request for claim forms. Obtain the required forms and the file your claim.

  26. Gudpm, Im Mrs Jojie Regodos-Gabat..Ask ko lng sana kung may pag asa pa makuha ang matured plan s GRAY LINE. Almost 8yrs kna po naifile yun s mister ko, si Sandy Roland B Gabat..

  27. Hi Jojie, sorry pero wala pa akong nababalitaan about Grayline recently. Ang last ay yong notice in 2013 na mag-file ng claim asap sa Insurance Commission. No news kung meron nang na-process.

  28. Hi good evening. My name is Lorna Sylvia V Velete. Am holder of Platinum Plan insurance which are long overdue and fully paid. Any update what to do? I found my name on the list (8) policies. Long overdue. Thanks

  29. I am a Platinum Plan holder and have 8 policies fully paidand some are matured already. Any update on what to do now? I just found this site. Thanks

  30. hi ma’m nora’. tanong ko lang po kung paano po ako makaclaim sa platinum plans ngaun ko lang po nalaman na nagsara na fully paid po ako sa pension plan katunayan meron po akong certificate of full payment ‘ ako nga po pala si benedict bato maraming salamat po

  31. Hi benedict, sorry wala akong makitang update sa Insurance Commission website, pero merong Facebook page na ito: https://www.facebook.com/Platinum-Plan-Holders-Philippines-169432949775752/ Magtanung-tanong na lang at magbasa ng info at comments kung ito nga ang totoong Platinum Plans. Ang alam ko kasi nasa Branch 61 of the Regional Trial Court in Makati City ang kaso ng Platinum Plans at ang court-appointed liquidator as of April 2015 ay si Mamerto A. Marcelo Jr. Ibang liquidator na ang nasa Facebook, liquidator Cruz daw, bakit walang full name? Or hindi ko lang makita pa?
    I saw a Branch 61 document which says that the new liquidator as of June 2015 is Jesusa C. Bigay.

  32. Hi have a niceday. My name is Joey D. Villanueva active member of AFP. Am holder of Platinum Plan insurance, SPPI and Gray Line Plans which are maturity 2016. Any update what to do? I f

  33. Hi Joey, I feel so sad na nakapag-invest ka sa mga na-bankrupt itong mga companies na ito and angry that the government was not able to protect thousands of planholders like you. will get back

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