Working Pinoy » claims

Danvil Plans Paid My Maturity Benefits as Promised

Nors — Fri, 12 Nov 2010 18:46:39 +0000

This is a scan of the check I received from Danvil Plans last October, which cleared on third day after deposit. Danvil paid my benefits according to the contract, at the promised amount, on the promised date.

Why am I posting it?

First, because I want to share some rays of sunshine to my fellow Danvil planholders who are still to claim their maturity benefits. According to the PhilPrudentialife Insurance (PPLIC) officer who handed me my check (PPLIC has been processing Danvil’s claims as part of an agreement), the last maturity dates of Danvil plans will be in 2013 — those pre-need plans issued under the Berkley/Family Life partnership, later purchased by Danvil Plans.

I took his explanation to mean that those plans sold by Danvil and which are maturing after 2013 are PPLIC plans, which are insurance plans, since PPLIC is an insurance company. (By the way, PPLIC has launched its new website. Type in danvil.com.ph and you’ll arrive at PPLIC’s website.)

Secondly, I posted the check to show that pre-need firms can fulfill their promises to their planholders if only they manage their firms well. All the pre-need firms in the Philippines suffered through the same global financial meltdown, but Danvil and the others have been able to survive. Why did the others collapse? Because they touched their trust funds, they invested in unsaleable memorial-lot and other real estate projects and they went overboard in their administrative expenses.

Sabi ng ibang pre-need firms, kasi global financial crisis, kasi bumaba ang interest rate, kasi… Bakit? Kung bumaba ba yong interest rate, bumababa rin ba yong principal? Kung di ninyo gagalawin yong trust funds, andon pa rin sila, makakapag-antay sila ng time na tataas uli yong interest rate. Hindi naman sila stocks.

Sabihin ng ibang pre-need firms, hindi ganong kasimple… Ganon? Ang mga simpleng tao na nagpakahirap para lang makaipon para may pambayad sa premiums (at hindi naman sana sila nagpakahirap na magbayad sa inyo kung hindi ninyo sila binola, in the first place), ano na sila ngayon? Yong iba nga, umaasa na sana makuha nila yong claims nila at pambili na lang ng gamot, o kaya pangtawid sa araw-araw kasi nawalan sila ng trabaho.

These past weeks, it’s been painful to read comments from Ideal Pension planholders as they ask me about how to pursue their claims. They live in Mindanao, in the Mountain Province, in the Visayas — how can they travel to Makati and attend the bankruptcy/insolvency hearing for Ideal Pension? At para saan ang hearing na yan? Paano na yong mga walang pamasahe at time para mag-submit ng claims? Yong mga walang lawyers? Sino ang tutulong sa kanila? At bakit bankruptcy?

That’s why I’m glad that it’s not Ideal Pension people that made bola to me years before, or the other failed pre-need firms, but Berkley/Family First/Danvil Plans. At least, kahit overboard yong marketing nila noon, they fulfilled naman their promise to me, giving me the exact amount of maturity benefits promised, on the date promised. Danvil has been paying benefits since the first plans matured in 2008.

To Mr. Daniel Villanueva of Danvil Plans and the other Danvil officers, although it’s your legal duty to pay our maturity benefits, and therefore there’s no need for thanks, in light of what happened in the pre-need industry, I thank you for:

1. listening to advice and didn’t pursue the almost-done sale of Danvil Plans’ pre-need portfolio to Legacy.

2. not touching the trust funds and not putting our money in uncertain investments (presumably, kasi natanggap naman namin ang mga checks namin at nag-clear.)

Businesspeople with INTEGRITY and MORAL VALUES, sana dadami pa kayo.

Danvil Plans — Claiming Your Maturity Benefits

Pre-need Companies in the Philippines Now under Insurance Commission

Ideal Pension Plans Corp. Planholders — Time to Unite

Pag-ibig Retirement in the Philippines — Process Your Claims Quicker

Nors — Sun, 21 Feb 2010 03:39:43 +0000

If you’re nearing retirement and you’ve had more than one employer, check as soon as you can if all the records of your contributions since your started contributing to Pag-ibig are already in one branch of Pag-ibig.

Pag-ibig does not consolidate the records of members whose employers are located in different Pag-ibig jurisdictions; it expects its members to consolidate their records.

It takes months to consolidate, so start now.

Ipunin mo ang records mo sa isang Pag-ibig branch lang

My husband, who had two employers and who also continued paying as a voluntary member while working abroad, had to track his contributions and consolidate them in one branch before he was allowed to submit his retirement claims.

The dollar-denominated Pag-ibig Overseas Program, however, is really separate. You make your claims separately at the Gil Puyat, Makati branch.

By the way, my husband has paid more than 240 monthly contributions, so he was to able to file a claim. But he’s still waiting because of the consolidation process.

Update as of March 2011:

My husband’s claim, which was processed over a span of several months in 2009, was rejected because Pag-ibig counted only 231 contributions. Pag-ibig advised my husband to pay nine monthly contributions, either monthly, quarterly, or at one time, but has to wait for 9 months before he can file his claim again. We didn’t yet refile because we decided the money can earn more with Pag-ibig than with a time deposit. We can use it for my daughter’s tuition fees in her higher years in college.

PAG-IBIG Branches in Metro Manila, Cavite, Laguna, Bulacan
Pag-ibig Retirement Linked to Pag-ibig Housing Loan

Danvil Plans — File Your Claims Early

Nors — Sat, 14 Nov 2009 14:15:19 +0000

If you’re a planholder of Danvil Plans, and your plan is maturing in the coming months, prepare your papers now, and file early — 3 months before your maturity date.

According to a Danvil customer care staff, planholders should file their claims 2 months before maturity date because Danvil now takes 60 days to process claims. But there are some planholders who have made comments on this blog that they’ve filed their claims 3 months before. So, perhaps it’s better to file 3 months before your maturity date.

Thanks to Fides — who had filed her claim and had received her check– and Rolly — who asked Fides about the requirements in filing a claim, here are

the requirements in filing your claim:

1. Maturity Claim Processing Form (from Danvil)

2. Family First Future Provider Plan (Face Page)

3. Certificate of Full Payment

4. Policy Contract

5. Cedula

6. 2 valid IDs

The offices of Danvil Plans are still here, according to Danvil’s Customer Care:

1. 4th Floor, Equitable Bank Tower, Paseo de Roxas, Makati

2. SM Megamall

3. SM Southmall

4. SM Fairview

5. SM North

The telephone numbers are:

755-1521

755 1591

You just have to be patient when calling because oftentimes, especially weekdays, it takes Danvil a long time to answer. Perhaps, just like other firms, it is cutting costs, so there are only a few customer staff.

Email address:

mypolicy@danvil.com.ph

For those who like to use the web site of Danvil to check their payments and accounts, send an email to Danvil and request for a password.

If you have visited Danvil Plans offices, kindly balitaan ninyo naman kami dito. It would mean a lot to us. Thanks a lot.

Comments ng mga nakakuha nang Danvil planholders.

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

Nors — Sat, 13 Jun 2009 22:57:52 +0000

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.