Danvil Plans

This page is for planholders of DANVIL PLANS.

List of the Second Batch of Planholders with Checks

IC Directive for Danvil Plans issued Feb 24, 2016

For those who have not submitted their claims, scroll down to see the list of required documents and the office address.

 

Update from WERO, June 17, 2016
Hi to all.. the last time i posted in this blog i was really serious about terminating my paid policy. After weighing all the hassles that i might encounter during the process and the amount i’m going to get eventually i just given up any hope on redeeming my money. Luckily IC intervened and yesterday at least got my money back in full.

I was included in the second batch of claimants and was scheduled last June 6, 2016. But i only saw the said memo last June 11. Tried to call the numbers as well as sent email but did not get any answer. Since i already have filed for claim all i need to have is an SPA to authorize my bro since i am working abroad. i immediately went to PHL embassy June 13 to get an SPA, sent home and asked my bro to visit their office asap. And thank God all the madness and nonsense is finally over. The liquidator issued managers check and just waiting for it to be cleared.

My 15yrs nightmare is soon gonna be over!

Thanks for this site for keeping the updates.. there are still those who are hoping that somebody would pick up the phone. I would suggest to go directly to their office with all your documents. Check if your name is included in the master list issued by IC.

 

Update from Rolly, June 9, 2016
At long last, got my last cheque in Danvil…can finally close this chapter in my life……7 years in the making…
Last post ko na po ito re Danvil…
Sa lahat nang readers ni Ate Nora na may Danvil plans na hindi po nakapag submit nang requirements last year, according po sa mga tao sa claiming site, extended po raw ang submission, possibly hanggang andun po sila….sige po gudlak na lang sa mga nag-ke-claim pa….

 

Update from Jafza, Mayo MAY 29, 2016:

As I am currently working abroad, I was able to claim my full payments thru my brother. I went to Philippine Embassy in Kuwait for SPA authorizing my brother to transact with Danvil on my behalf. The SPA from abroad is with red ribbon. The cost is 11.35KD for one day processing. Then I sent it to Philippines thru a courier. In AlMuzzaini, the cost is 3.25KD. Since the payments will be in checks under my name, make sure you have a checking account under your name too if you want it to be deposited to your account. I am now just waiting for the checks to clear.

 

MAY 2, 2016

Thanks to Libay De Villa, Dante Sabino, Jafza Mayo, etc. for your updates.

See here the List of the Second Batch of Planholders with Checks

 

May 1, 2016

As of May 1, 2016, the list of the second batch of planholders with checks has not yet been released. But there was somebody who posted on Facebook that the distribution of checks for the second batch starts on May 2, 2016.  So check the IC website from time to time, or google Facebook Danvil Plans and check the latest comments.

According to the Insurance Commission Directive of February 24, 2016:

On December 16, 2015, the IC approved the payment of full maturity benefits to 3,048 planholders with matured educational plans and 69 planholders with matured pension plans. Payment of the first batch started on January 26, 2016.

Directive For Fully Paid But Not Matured Plans:

1. For planholders with fully paid but not yet matured plans, the premiums they paid will be returned to them in full.
As of October 10, 2013, there are 20,194 planholders with fully paid but not yet matured educational plans and 192 with fully paid but not yet matured pension plans.

2.  For planholders actively paying their plans, the premiums they paid will also be returned to them in full.

3.  For planholders whose plans were pre-terminated prior to December 31, 2013 and whose pre-termination values have been held by the Insurance Commission due to suspension of payment of all benefits, they shall be paid 50% of the premiums paid since they exercised their option to pre-terminate.

604 planholders pre-terminated their plans before Dec 31, 2013 and before the December 14, 2014 liquidation date.

Source: IC Directive for Danvil Plans issued Feb 24, 2016

 

Updates from Noel Encarnacion, February 24, 2016:

This is to let everybody know in this forum that I got my check last February 17, which is the last date of the first batch of payment. My check was deposited in my bank account as per my request and intructions to Danvil.

For all those planholders who are still waiting for your turn to get paid, always check the IC website for the latest advice from the liquidator and don’t forget to check also the Danvil Facebook forum to interact with the other planholders.

Update from Noel Encarnacion, January 23, 2016:

The wait is over. First tranch of payments are scheduled from January 26 to February 17, 2016. IC and Danvil have latest advice about the procedures and the schedules of payments. Please check the notice in the IC website and scroll the pages of the list of the names of the planholders and maybe you’re included in the first batch. Please, read the advice and double check your name and the schedule of payment. TO GOD BE THE GLORY.

Latest Notice for Danvil planholders plus List of the First Batch of Planholders Who Can Claim Their Benefits

 

DEADLINE for FILING YOUR CLAIM:  July 30, 2015

But you can still file your claim after the deadline. File ASAP.

LATEST NOTICE for DANVIL PLANS planholders, as of June 8, 2015, as published on the Insurance Commission’s website insurance.gov.ph:

RTogonon & Associates Law Office

NOTICE TO THE PUBLIC

TO:              ALL CONCERNED
FROM:        ATTY. RONY D. TOGONON
Liquidator, Danvil Plans, Inc.
SUBJECT: REITERATION OF CHECK LIST / REQUIREMENTS FOR CLAIMS
DATE:        29 May 2015

This is to reiterate the check list/requirements for the claims with Danvil:

1.  Check list / Requirements for Claims:
a.  Policy Face Page (consists of 1 page)
b.  Contract Provision (consists of 5 pages)
c.  Certificate of Full Payment (lf plan has been fully paid)
d.  Photo copy of two (2) government-issued IDs (Passport, Driver’s License, PRC lD, SSS/GSIS lD, Company lD, PhilHealth lD and other government-issued lDs with the photo and signature of the planholder)

ln case of loss of any of the above, an Affidavit of Loss is needed. lf a representative will claim the check, a Special Power of Attorney is required.

2.  For filing purposes, photo/xerox copies of the above documents may be filed but during payment, the original copies of these documents should be submitted.  For those who have already filed their claims and were able to receive partial payment or installment (s), they need not file their claims again.
3.  The claim should be filed on or before July 30, 2015, personally, through a representative or by mail/courier service at this address:

DANVIL PLANS, lNC.
2nd Floor, PPSTA Bldg. 1
Quezon Avenue corner Banawe Street, Quezon City

4.  As of May 29, 2015, a total of 5,050 planholders have already filed their claims.

For your information and guidance.

Signed:
ATTY. RONY D. TOGONON

 

Here’s the link to the Notice from Danvil Plans’ Liquidator Atty. Rony Togonon, issued January 12, 2015.

 

Update from Evelyn A.Rodriguez
October 7, 2015

To my fellow planholders, just want to share my update reply from Atty.
Hi Ms. Rodriguez:
Good day! The IC is currently resolving an issue concerning Danvil claims. Be that as it may, I have prepared a report recommending, among others, that planholders whose plans have matured in 2013 and prior years and those who have been partially paid of their maturity benefits before will now be paid of their maturity values or the balance thereof to start the ball rolling with the payment of the other plans to follow soon. This is under consideration by the IC aside from the issue earlier mentioned. Hope that these matters be resolved soonest so that Danvil can start paying the claims. You will be advised again once there is a new development in the processing and eventual payment of Danvil claims. Thank you.

Atty. Togonon

 

Update from Imee
March 4, 2015

Hi there, Just wanna share that this morning I filed a claim in the Danvil’s new office. My plan is fully paid since 2012 and will mature 2022 but according to Danvil we have to file a claim even if the plan is not yet mature as they will go on liquidation as approved by Insurance Commission. Anyway the staff in the new office in PPSTA Building 1 in Banaue corner Quezon Ave. is very friendly and amiable (a consolation) although she doesn’t know the specifics she will try to answer your query. Anyway for those planholders who have not filed their claims, please do so so we can all get a share on the liquidation proceeds which according to the staff is based on Present Value of your plan. I am not entirely sure how they compute present value but i would like to assume that the present value of the money I invest should either be higher or equal to the amount I have contributed.

 

Update from  Teresa
February 9, 2015

Feb. 6 IMPORTANT UPDATE! Planholders must file their claim January 30, 2015 until July 30 2015 only! “CLAIMS FILED AFTER July 30 2015 SHALL BE BARRED FOREVER”. Thank you Celestino Chua!

Link: FILE YOUR CLAIM ASAP, BEFORE JULY 30, 2015

 

Updates from Roland
February 5, 2015

For those who don’t know yet, below are Danvil’s latest office address & contact numbers:
Danvil New Office effective 17 November 2014
2nd Floor, PPSTA Building 1
Banaue Street corner Quezon Avenue
Quezon CitY
232-0671 (Landline)
232-672 (Landline)
09186689058 (Mobile)
09164s52116 (Mobile)

 

Update from Nars
February 2, 2015

I came across the latest advisory of Danvil liquidator, Atty. Togonon, to IC website regarding additional contact numbers, as follows :

(02) 232-0671 (Landline)
(02) 232-672 (Landline)
(0918) 6689058 (Mobile)
(0916) 4552116 (Mobile

Here’s the link to the said document at IC website :

http://www.insurance.gov.ph/_@dmin/upload/reports/Contacts4Danvil.pdf

 

Updates from Noel Encarnacion
January 14, 2015

There is new update from the Liquidator of Danvil Plans.Inc.
Atty. Rony. D. Togonon.You can check the whole subject of the status of visiting the Danvil facebook page to find out all the details.
Goodluck to all of us.

As of January 12,2015 there is latest advisory from the IC about the status of Danvil Plans. Inc. Please,visit the IC website and check the advisory bulletin and click to Danvil update.All the information that we need to know are stated in the memo from the liquidator except the date of when our claim to be release.Well,at least we can get in touch with him. Goodluck to all of us.

 

Update from Roland
January 8, 2015

I just got an update from a staff of the IC this afternoon by calling 5238461 loc.105 (extension line is quite busy…you’ll be lucky if you can get in after 5 tries). She told me that the IC targets April 2015 for the release of the maturity payments in LUMP SUM (that’s about P180K for each matured insurance policy).

 

Update from Roland 
November 28, 2014

I just checked this morning on the status of the Danvil Plans maturity payment and the staff at the IC told me that they are still evaluating the “recomputations?” and no date yet when can they finish this recomputations. However, a new address for Danvil Plans was given: 2nd flr., PPSTA Bldg., 419 Brgy. Lourdes, Banawe st. cor. Quezon Ave. Contact no. for this new address is not yet available according to the IC staff.

 

Update from  Cors Silayan 
November 12, 2014

The Danvil office in Alabang has closed. They are answering queries via phone through Insurance Commission.

INSURANCE COMMISSION Tel No.: 5238461 LOC 105

I called there to follow up where I could get the remaining balance of our benefit. They said NEXT YEAR they’ll be able to release the balance but will be released LUMP SUM. When next year? They can’t yet give a definite answer as there are computations to be done before they can give planholders their lump sum.

 

Update from Edwin Tuazon 
September 12, 2014

I sent an email to Danvil last week. Got this reply today. Has anybody here done this already. Baka kasi pag na surrender mo lahat ng policy for pre termination tapos di naman nila binigay yung check? Mas lalo na nawala lahat.

Thank you for your e-mail.

Should you decide to pre-terminate your plan at this stage, this would be under Plan Termination Value (PTV), you will be entitled for a refund of upto 10-50% of your Total Amount Paid to date or what is stipulated at your Schedule of Plan Termination Value. As respectfully pointed out before, any decision to pre-terminate your plan is disadvantageous to the client.

To process your PTV, you need to submit a signed cancellation letter with photocopy of your two valid ID’s and surrender all your contracts that pertains with your policy (Policy Face Page Contract Provision, etc) . Your PTV would be in-form of crossed check and for pick up at our office and would be available one to two months you have completed your requirements. In your absence, you may send your representative to file and claim your check as long as you also provide us an Special Power of Attorney (must be authenticated at Philippine Consulate if your current location is outside the country) with his/her two valid ID’s. If you would request for change of check’s payee name, you need to provide us a Deed of Assignment instead of SPA (must also be authenticated at Philippine Consulate if your current location is outside the country). As of the moment, we cannot proceed with your PTV until we have received your requirements.

Please also be informed that the company is currently on the process of transfer of office. You may temporary visit Insurance Commission or contact them at (632) 523-8461 local 105 for the mean time.

Please feel free to e-mail us at mypolicy@danvil.com.ph should you have concerns.

Best regards,

Customer Service Department
Customer Relation Group
Danvil Plans, Inc.

 

Update from Theresa Funcion
September 8, 2014 7:16 pm

My husband was a planholder and his plan matured last August 2013. When we were about to claim the maturity benefit we were disappointed when they told us that only half of the maturity will be given to us and the remaining balance will be divided into five
years payable once every maturity month. We don’t have any choice so we accepted the half maturity benefit.

And now after one year we are claiming again and sad to say their office in Alabang was
already abandoned and posted in their door is only cel# of a certain Atty. Teresita
Caalim which you can not receive any answers.

We are now at lost because we don’t know how we can claim our money!!! So I want to
warn all Danvil planholders to stop paying until you further verify. Thank you!!!

 

Updates from Roland, July 28, 2014

I was able to contact a certain group led by Dr. Tamayo (contact no.:0917-5222152/ 0922-8101403) who’s suing PPLIC with the help of lawyers hired by this group. As per recent conversation with Dr. Tamayo, the joining fee for latecomers like me is roughly P4k. I think this amount is still reasonable considering I am just joining the group and I still have to collect roughly P89k from PPLIC. Interested parties can call her at the above-mentioned number.

As for my Claim on the Base Plan, Danvil said that they are still waiting for the advice of the IC for the release of the cheques. Please refer to an email from Danvil’s rep I received last July 3, 2014.

Dear Mr.Nicolas,

Thank you for your e-mail.

We apologize but as of the moment, we were informed to wait from the advice of Insurance. After our verification with the CRL department of the Insurance Commission, their recommendation on the matter of settlement of Danvil’s benefit payment is now subject for review by the deputy commissioners, before it is finally disposed by the Commissioner, Hon. Emmanuel Dooc. Kindly follow up with us again after some weeks.

Please feel free to e-mail us at mypolicy@danvil.com.phshould you have concerns.

Best regards,

Eleazer Francisco
Customer Service Department
Customer Relation Group
Danvil Plans, Inc.

 

Update from Libay, June 6, 2014:

From: Customer Service – FFI [mailto:mypolicy@danvil.com.ph]
Sent: Friday, June 06, 2014 9:01 AM
To: De Villa, Liberty

Dear Ms. De Villa,

Greetings.

Pertaining to our request for check preparations, our Conservator, Atty. Teresita Caalim made a follow up directly at Insurance Commission, and kindly see her e-mail message.

“On June 3, 2014, I visited the Insurance Commission to follow their declaration that the issue with the suspension of payment of Danvil will be resolved.
However, per my discussion with the CRL Department, they asked for additional time until end of June 2014, as their recommendation is being reviewed by the Deputy Commissioners before it is Approve by the Commissioner.

For this reason, I beg your indulgence for the nth time and expresses my apologies.”

We apologize, but the trustee banks still cannot prepare checks.

Please feel free to e-mail us at mypolicy@danvil.com.ph should you have concerns.

Best regards,

Eleazer Francisco
Customer Service Department
Customer Relation Group
Danvil Plans, Inc.

 

______________________________________________

Updates from Roland, May 27, 2014:

I just had a reply from Mr. Francisco of Danvil regarding follow-up on my first 50% (P90k)maturity payment cheque below:

Dear Mr. Nicolas,

Thank you for your e-mail.

We had a meeting at Insurance Commission last May 08, 2014, and they informed us that the result would be lifted on the end of this month. Kindly follow up with us on the first week of June 2014, we hopefully already have a date to give you by that period. Thank you.

Please feel free to e-mail us at mypolicy@danvil.com.phshould you have concerns.

Best regards,

Eleazer Francisco
Customer Service Department
Customer Relation Group

_______________________________________________

Updates from Roland, May 26, 2014

Nag-apply ako for the first 50% maturity payment ng isang Plan ko sa Danvil last Nov. 2013 pero hanggang ngayon wala pang na-issue na cheke. It seems there is a bogdown in the Insurance Commission’s part as per e-mail message last April 14, 2014 from Danvil’s Mr. Francisco below:

Dear Mr. Nicolas,

Thank you for your e-mail.

I apologize but we were advised to follow up again at Insurance Commission after Holy Week. You may double check with them to confirm this information. Thank you.

Regarding the PPLIC’s Protector Plan claims, I understand that those claiming below P100k should file their lawsuits/complaints with the Insurance Commission (located along UN Ave. near M.Adriatico, Manila). Those above P100k should file their cases elsewhere, eg. metropolitan trial courts.

_______________________________________________

Email address of Danvil as of  February 6, 2014, as shared by Jocee:

mypolicy@danvil.com.ph

_______________________________________________

HOW TO PRE-TERMINATE YOUR DANVIL PLAN, as shared by Jocee, February 6, 2014:

Hi Fellow DANVIL Planholders!

Firstly, thank you to Ms. Nora for putting up this very helpful blog / website.  It’s great to know and hear from others having the same concern as ours.

Our DANVIL plan is already fully paid and maturing in 2016.  We are still checking on which option to take – to wait for its maturity or terminate the plan now.

Just want to share the email response dated today, Feb. 4, 2014, regarding TERMINATION of plan from:

Eleazer Francisco
Customer Service Asst. Manager
Customer Relation Group
Danvil Plans, Inc.

Note:  I tried sending an email this morning, and got a quick reply.

Email reply from Mr. Francisco, dated February 4, 2014:

Should you decide to pre-terminate your plan at this stage, this would be under Plan Termination Value (PTV), you will be entitled for a refund of upto 50% of your Total Amount Paid to date or what is stipulated at your Schedule of Plan Termination Value. As respectfully pointed out before, any decision to pre-terminate your plan is disadvantageous to the client.

To process your PTV, you need to submit a signed cancellation letter with photocopy of your two valid ID’s and surrender all your contracts that pertains with your policy (Policy Face Page Contract Provision, etc) . Your PTV would be in-form of crossed check and for pick up at our office and would be available one to two months you have completed your requirements. In your absence, you may send your representative to file and claim your check as long as you also provide us an Special Power of Attorney (must be authenticated at Philippine Consulate if your current location is outside the country) with his/her two valid ID’s. If you would request for change of check’s payee name, you need to provide us a Deed of Assignment instead of SPA (must also be authenticated at Philippine Consulate if your current location is outside the country).

As of the moment, we cannot proceed with your PTV until we have received your requirements.

Please feel free to e-mail us at mypolicy@danvil.com.ph should you have concerns.

______________________________________________

Contact numbers of Danvil Plans, as of June 8, 2012:

Information from Eleazer L. Francisco, Customer Service Supervisor:

Kindly inform them with our hotline numbers below, and advise them to contact us directly so their concerns will be attended properly.

(632) 828-0468

(632) 828-1612

(632) 828-1998

We will also try to reach them with their contact numbers.

______________________________________________

Updates as of April 19, 2012:

According to the website of the Insurance Commission (IC), Danvil Plans is one of the 37  pre-need companies under IC conservatorship and court rehabilitation.

DANVIL PLANS INC.

Date placed under conservatorship  —  October 14, 2010

Name of conservator  —  Atty. Teresita Caalim

Date of appointment of Ms.  Caalim  —  June 22, 2011

Office of conservator  — 419 Quezon Avenue  cor. Banawe Street, Brgy. Lourdes, Quezon City

Contact Nos. of conservator  —  639-558 / 741-0432 /  0917-8817156 /  0920-9134826

According to Danvil Plans planholder Jel who commented on this blog on April 4, 2012, she filed her claim at PPLIC office at SM North Edsa on April 3 and her papers were accepted for processing, but she was notified that starting May 1, 2012, PPLIC will no longer accept Danvil Plans or Family First claims.  Planholders are instructed to file their claims at the Danvil Plans office in Alabang.

Processing of Claims

According to several Danvil planholders whose plans matured in 2011, the releasing of maturity benefits has changed. Dahil nga raw hindi na pinayagang magbenta ng pre-need plans ang Danvil since 2010, kinailangan nang i-conserve ang assets ng Danvil starting in 2011 under the Insurance Commission, para hindi maubos ang funds ng Danvil at para lahat ng planholders ng Danvil ay makakakuha ng kanilang maturity benefits.

Starting in May 2011, every planholder whose plan has reached Maturity Date will get only 50 percent of his/her maturity benefit on or around maturity date (depende kung nag-file ng claim before or on maturity date).

The other 50 percent will be released over a period of 5 years in 5 equal installments, starting one year after the release of the first 50 percent.

Address of Danvil Plans ( Danvil no longer holds office here)

2nd Floor, Units C & D, JJACCIS Bldg
1208 Acacia Avenue Madrigal Business Park
Ayala Alabang, Muntinlupa

I researched a bit, and I found that JJACCIS Building is the one that CHINA BANK occupies.

JJACCIS Building is along Acacia Avenue, near ISUZU ALABANG, which is at the corner of Acacia Avenue and ALABANG-ZAPOTE ROAD, also near CALTEX and HOis to see a List of Documents to File your ClaimNDA Alabang.

 

Note:

I started writing about Danvil Plans in 2008 when many pre-need firms were failing, and stopped writing posts about Danvil in 2010. Since then, I’ve been just responding to comments and posting updates from planholders.

_______________________________________________

Eleazer L. Francisco

Customer Service Supervisor
Customer Relations Group
Danvil Plans, Inc.
02-755-1521 or 02-755-1591

mypolicy@danvil.com.ph
efrancisco@danvil.ph
_______________________________________________

The following posts were written from 2009 to 2010:

Danvil Plans Paid My Maturity Benefits as Promised in 2000

Danvil Plans — Claiming Your Maturity Benefits

Danvil Plans — File Your Claims Early

Danvil Plans Policyholders: Good News?

Danvil Plans, Other Pre-Need Firms: Updates

Daniel Villanueva: Founder and President, Danvil

Danvil Is Still Berkley on Pre-need Federation Website

Berkley/Family First to Danvil Then to Legacy

To Danvil, From a Hurting OFW in Japan

Email Address of Danvil Plans

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

Updates on Danvil Plans and Other Pre-need Firms from March to May 2009

Danvil Plans, Coco Plans, AMA Plans Deficient in Their Trust Funds

I Have to Correct My Mistake: Prudentialife Plans Inc. Is Different from Philippine Prudential Life Insurance Co. Inc.

Danvil Plans — Claiming Your Maturity Benefits

_______________________________________________

Written in 2010:

Just like any planholder of a pre-need plan in the Philippines,  I’m anxious about my plan as a number of pre-need companies has failed over the past years.  I hope that Danvil survives and grows and maximizes its partnership with Philprudentialife so that people whose plans are still to mature in the next several years will get back all their investments and their promised earnings.

My plan will mature this October 2010.  I got my plan in 2000 at the Family First branch at Festival Mall in Alabang.  Just like many of you,  I also felt deceived when I was pressured to buy a plan.  I was just giving in to my then seven-year-old daughter who was enticed with the stuffed toy game Family First marketers were showing to mall goers.

During that time,  plan buyers could not cancel their plans within a few days of buying, unlike today when buyers could.  Despite misgivings and anger at myself for having been so easily enticed,  I continued paying.  In my third year of paying, my plan was even reinstated and re-dated — moved to a later date by 6 months — because I defaulted by 6 months. I finally completed my payments in 2005.

In May 2008, just like you,  I received a notice instructing planholders about the planned purchase of Danvil Plans by Legacy Group.  I quickly researched about Legacy and saw unsavory write-ups about its head Celso de los Angeles.  I emailed Danvil about what I found out about Legacy and demanded that my money be returned instead of being moved to Legacy.

I was invited to the Danvil office and was able to talk with Ms. Aurora Dino, the then AVP of Danvil and branch head of the Makati office.  We explained our sides,  and the day after,  I emailed back I was willing to defer my demand for my money.

It was really fortunate for all of us that Danvil Plans listened to the advice of other parties, and did not push through with the takeover by Legacy, because just months later, in December 2008,  the  Legacy scam — perhaps the biggest in the Philippines — because it involved thousands of soldiers,  teachers,  OFWs, retirees, farmers,  other employees,  foreigners married to Filipinos,  even big-time investors and lawmakers — blew up, wiping out around 30 billion pesos of hard-earned money.

Many things have happened since then,  including the closure of other pre-need firms, the failure to pay back investors and the continuing problems of CAP and Pacific Plans.

As for Danvil Plans, it stopped selling pre-need educational plans in December 2007 and pre-need pension plans in December 2008.  What the firm is doing now, according to Danvil reps, is only servicing plans.

But if you go to the malls, Danvil reps are still selling something —  insurance products issued by Philippine Prudential Life Insurance Corporation (PPLIC),  an insurance company different from the pre-need firm Prudential Life Plans whose license-to-sell was canceled in April 2009.

It was PPLIC which bought the Danvil life insurance portfolio in 2007.

The latest SEC list of pre-need firms with licenses to sell as of today was the May 2009 list.  It included Danvil Plans and 21 other pre-need companies.

If you want to comment on this particular write-up, just please write your comments below any of the articles you click above.

Just like any planholder of a pre-need plan in the Philippines,  I’m anxious about my plan as a number of pre-need companies has failed over the past years.  I hope that Danvil survives and grows and maximizes its partnership with Philprudentialife so that people whose plans are still to mature in the next several years will get back all their investments and their promised earnings.
My plan will mature this October 2010.  I got my plan in 2000 at the Family First branch at Festival Mall in Alabang.  Just like many of you,  I also felt deceived when I was pressured to buy a plan.  I was just giving in to my then seven-year-old daughter who was enticed with the stuffed toy game Family First marketers were showing to mall goers.
During that time,  plan buyers could not cancel their plans within a few days of buying, unlike today when buyers could.  Despite misgivings and anger at myself for having been so easily enticed,  I continued paying.  In my third year of paying, my plan was even reinstated and re-dated — moved to a later date by 6 months — because I defaulted by 6 months.
I finally completed my payments in 2005.
In May 2008, just like you,  I received a notice instructing planholders about the planned purchase of Danvil Plans by Legacy Group.  I quickly researched about Legacy and saw unsavory write-ups about its head Celso de los Angeles.  I emailed Danvil about what I found out about Legacy and demanded that my money be returned instead of being moved to Legacy.
I was invited to the Danvil office and was able to talk with Ms. Aurora Dino, the then AVP of Danvil and branch head of the Makati office.  We explained our sides,  and the day after,  I emailed back I was willing to defer my demand for my money.
It was really fortunate for all of us that Danvil Plans listened to the advice of other parties, and did not push through with the takeover by Legacy, because just months later, in December 2008,  the  Legacy scam — perhaps the biggest in the Philippines — because it involved thousands of soldiers,  teachers,  OFWs, retirees, farmers,  other employees,  foreigners married to Filipinos,  even big-time investors and lawmakers — blew up, wiping out around 30 billion pesos of hard-earned money.
Many things have happened since then,  including the closure of other pre-need firms, the failure to pay back investors and the continuing problems of CAP and Pacific Plans.
As for Danvil Plans, it stopped selling pre-need educational plans in December 2007 and pre-need pension plans in December 2008.  What the firm is doing now, according to Danvil reps, is only servicing plans.
But if you go to the malls, Danvil reps are still selling something —  insurance products issued by Philippine Prudential Life Insurance Corporation (PPLIC),  an insurance company different from the pre-need firm Prudential Life Plans whose license-to-sell was canceled in April 2009.
It was PPLIC which bought the Danvil life insurance portfolio in 2007.
The latest SEC list of pre-need firms with licenses to sell as of today was the May 2009 list.  It included Danvil Plans and 21 other pre-need companies.

283 Comments

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  1. Yes, finally!!! na-publish na rin yun list of claimants ng 2nd batch. Thank you all. And goodluck everyone!

  2. Hello, My policy matured Sept 2015, will I get my maturity value or premium only? finished paying 2007.

  3. hi! I have already migrated here in Canada since 2003 and continued oaying my plans until it fully paid last 2008 and got all the docs from the Family First when I went home last 2008. the maturity of my 2plans is on Aug.4th 2017. I just knew right now that the Family First Inc. was already closed and it was under Danvil can I still file for my claim though the due date was gone since a year ago.!
    Can I still possibly get my money from that plans though it wasn’t Mature yet? and how and what do I need to do?
    please advise..
    thanks,
    MARILYN CRUZ PASCUAL
    CANADA

  4. Hi Marilyn, based on the latest directive from the IC, you will get back all the premiums you paid, and not the maturity value because maturity is still in the future. Send photocopies of the documents required (not the originals, they might get lost in the mail) through LBC or EMS (if EMS delivers door to door). See the list of required documents above and where to send. Then check the IC website from time to time for the list of planholders with checks. The latest is this: Danvil Plans

  5. Thank you working pinoy for this blog. So many were updated and was able to act accordingly.

  6. thank you so much for this site. today may 23, 2016 my brother was able to collect the refund of my 2 fully paid but have not matured plans at the address given by danvil. since i am currently outsdide of the philippines, i sent an spa for my brother and all other documentrary requirements.

  7. Hi Efren, thanks for appreciating my efforts. I’m glad your money was returned in full. Although Danvil also later failed, it’s the only one that was able to pay off matured plans and to return premiums in full for not-yet-matured plans. APEC, formerly Pacific Plans, the one founded by the owners of RCBC, is able to return only about 1/6 or less of premiums paid. Others were not able to return anything. Thanks again for coming back to share your experience.

  8. Pls help where can I call to directly communicate to Danvill staff, I already tried to call in Banawe QC but nobody’s answering ….

  9. Hi Angelica, sorry I don’t have other phone nos. other than those listed above. Maybe they’re too busy to answer phone calls. Do you want to see the second-batch list? It’s here: Planholders Batch 2.

  10. As I am currently working abroad, i was able to claim my full payments thru my brother. I went to Philippine Embassy in Kuwait for SPA… (Please see full comments above in the post).

  11. Hi Jafza, thanks a lot for sharing your positive experience. I’m so glad reading your comments — very helpful and encouraging. And very well-written 🙂 I should move this up to the post above.

  12. Hi! It was just yesterday that I remembered about my Family First Plan which matured last June 2, 2016. And I saw this thread online. I have called the numbers on the latest published list but nobody answers. Can I just walk-in their office to claim or I still need an appointment for that?

  13. Hi Norvie, yes, you can go there without an appointment and submit your complete set of documents. See the list of docs required above. You can file photocopies and submit the originals when you claim your chque.

  14. Hi to all.. the last time i posted in this blog i was really serious about terminating my paid policy. After weighing all the hassles that i might encounter during the process and the amount i’m going to get eventually i just given up any hope on redeeming my money. Luckily IC intervened and yesterday at least got my money back in full.

    I was included in the second batch of claimants and was scheduled last June 6, 2016. But i only saw the said memo last June 11. Tried to call the numbers as well as sent email but did not get any answer. Since i already have filed for claim all i need to have is an SPA to authorize my bro since i am working abroad. i immediately went to PHL embassy June 13 to get an SPA, sent home and asked my bro to visit their office asap. And thank God all the madness and nonsense is finally over. The liquidator issued managers check and just waiting for it to be cleared.

    My 15yrs nightmare is soon gonna be over!

    Thanks for this site for keeping the updates.. there are still those who are hoping that somebody would pick up the phone. I would suggest to go directly to their office with all your documents. Check if your name is included in the master list issued by IC.

  15. Hi wERo, thanks a lot for sharing your experiences. I’m glad that you got your money back. I’ll move up your comments so more people can read it. Thanks again.

  16. share ko lang din para sa mga kukolekta nang tseke. ayaw daw tanggapin sa BPI yong tseke na isyu sa akin dahil “malabo ang stamped date”. so double check dapat lahat para di sayang ang lakad nyo.. goodluck ulit sa akin lolz

  17. hi Nora.. salamat din sa blog mo.. dito ako unang nakakuha nang update sa FF/Danvil.. at dito na rin ako kadalasan sumisilip para malaman anu na nangyayari sa kanila.

    more power sa yo.

  18. Hi Evelyn, thanks for this info. It’s considerate of them to give time to deposit your check to your bank account. I’ll move this up too.

  19. Hi Nora! thanks a lot to this weblog! because of this site you help a lot of plan holders! I am one of those who can testify the result.& I’m so thankful that my money get back after a long years of waiting. So thankful w/ Atty. Rony Togonon & staff,I understand they’re so busy to accommodate phone call. Fortunately they reply my email for my instruction to deposit it in Bank since I’m outside the country. Yes!I got it!!!
    THANK YOU VERY MUCH!!!& to those whose not yet receive, visit their office as scheduled in person/representative or send email.

  20. I did not know about what happened to danvil plans. Can I still file CLAIM? MY POLICY IS DUE MAR 2018.

  21. It is only now that I have searched for Danvil Plans status since my policy is maturing on March 2018. Can I still file claim?

  22. Hi Danny, yes, you can still file. File asap. If your documents are there with you abroad, photocopy them then send the photocopies by courier to the address above in the post.

  23. this is an update about my rejected check because of “blurry stamped date”. it was accepted to be changed on June 21. and as advised by Atty. Togonon’s staffs they’ll handle it from there and just asked to nominate a bank account where they can deposit the check. On June 27 a deposit slip was sent to me by email to inform me of the transaction and advised to wait for 3 days clearing. On june 30 i got my money back.. so basically this ends my (bad) experience with FF/Danvil…. NOTE sa mga claimants yong tseke is valid for 1year daw.. so hurry up bago pa maging bula ulit yong capital nyo.

  24. Hi wERo, thanks a lot again for the update. It’s good that they replaced the cheque quickly and deposited it themselves to your account. Have another nice day!

  25. Im the planholder of my two children my son & my dauther my plan already mature last april 2016 and i want to claim it, can u pls, update me asap..thanks

  26. I am a plan holder and i want to claim coz i already finish the maturity date last april 2016 how ca i get the money pls.. rply asap

  27. Hi wero isa rn ako sa plan holder ng 2 kong anak, pano proseso matagal na ng aantay ng update pano e claim mature na nung april gusto ko makuha ung pinagpaguran kong hulog ilang taon na nakakalipas, pls..rply asap thanks a lot

  28. Hi Maribelle, please go back to the post above, scroll up ka sa “Notice to the Public”, andiyan yong list of required documents to submit at yong address kung saan i-file. I hope you file ASAP. Xerox your documents for your own file.

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