List of Pre-Need Firms in the Philippines, as of September 2011
Sa wakas, nag-release na rin ang Insurance Commission ng list nila ng pre-need firms in the Philippines licensed to sell pre-need plans for the year 2011.
Planholders of Platinum Plans, Ideal Pension Plans, Grayline Plans — Who Will Fight for Them?
Who will fight for the planholders of Platinum Plans, Ideal Pension Plans, Grayline Plans and the Other Failed and Uncaring Pre-need Firms?
Danvil Plans Paid My Maturity Benefits as Promised
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.
A Response from Former Senator Rene Espina About Ideal Pension Plans
In the September 9, 2008 list of licensed pre-need firms released by the SEC, former Senator Rene G. Espina was listed as chairman of Ideal Pension Plans Corp. (IPPC). In the January 28, 2009 list, IPPC was no longer among the licensed pre-need firms.
From time to time, I get inquiries about Ideal Pension Plans, as many of my blog posts are about another pre-need firm Danvil Plans.
Last week, I received from Juni, an Ideal agent in Mindanao, a copy of a Notice of Hearing from the Makati Regional Trial Court for the petition by Ideal Pension Plans for voluntary insolvency. The copy is posted here:
Ideal Pension Plans Corp. Planholders — Time to Unite
Juni said he wrote an email to former Senator Espina inquiring about the status of Ideal Pension Plans. In his email, Juni also wrote about how he has been following up on Ideal, how his wife and brother traveled to Manila just to check into what’s happening at Ideal.
With a lot of planholders Juni and his family have sold plans to, the weight of the Ideal collapse rests heavy and painful on his shoulders. It’s a harrowing situation.
I myself sold two big CAP plans years ago, and this is something I want to erase from my mind. I thank the Lord though because these CAP clients understood my situation and never took the CAP failure against me. They’ve informed me last year that there’s hope they’re getting a portion of what they’ve paid.
Following is the response of former Senator Espina to Juni’s email: (Juni said Senator Espina gave permission for the posting of this letter.)
Thank you very much for your high regard for me. I regret very much that I was not able to protect the interests of the plan holders.
I lost my own investment in Ideal but that is the least. What I regret the most is losing my own good reputation which I value more than money. I do not and never did control IPPC. I was just a minority shareholder and the majority stock of the Gabriel family-mother, daughter, sisters and their friends are the majority shareholders.
Said controlling stockholders have mismanaged the corporation by running it like a family corporation and issuing several checks signed by mother and daughter which until the present time I could not audit inspite of the fact that I hired the services of Valdez and Company CPAs. IPPC has filed voluntary bankruptcy proceedings at the Makati RTC.
I will further update you further about IPPC…
Best regards,
Rene Espina
For Ideal Pension planholders, the hearing for Ideal’s petition for voluntary insolvency is on October 5, 2010 at 8:30 am at the 12th floor of the Makati City Hall.
Comment ko lang: What really is voluntary insolvency? Is this just a very convenient way of using the court to hide from responsibilities to planholders?
Pre-Need Planholders — How to Ask Help from the Insurance Commission
If you’re a pre-need planholder with a concern, you can now write the Insurance Commission even though the IC is still in the process of absorbing pre-need companies into its system.
The pre-need code was signed into law just last December 2009 and the implementing rules were signed just last March.
In a report published by Business World, Insurance Commissioner Santiago Javier Ranada also said that the IC needs about 150 more employees, including lawyers, actuaries and researchers, to manage pre-need matters.
Ranada, however, added that the IC is prepared to hear and settle pre-need cases.
To request for assistance, you can refer to the Claimant’s Request for Assistance form on the IC website as reference for details you need to include in your letter:
- Name of Planholder
- Address
- Telephone No.
- Name of Pre-Need Company
- Plan No.
- Name of Plan
- Amount of Plan
- Maturity Date
- Summary of Claimant’s Request
You can also refer to the complaint form designed by the SEC for pre-need complaints.
Related Article:
Pre-need Companies in the Philippines Now under the Insurance Commission
How to File a Complaint Against Any Pre-need Firm in the Philippines
Danvil Plans — File Your Claims Early
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
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.
Updates on Danvil Plans and Other Pre-need Firms from March to May 2009
March 13-19
At the Senate hearing on pre-need firms, former Legacy executive Carolina Hinola accused SEC Commissioner Jesus Enrique Martinez of covering up Legacy’s financial problems after accepting gifts from Legacy, including a 5-million-peso house and lot and a 1.5-million Ford Expedition from Legacy head Celso de Los Angeles.
Insiders also claimed that Martinez tried to broker the sale of Danvil Plans to the Legacy Group. The sale did not push through after Danvil Plans backed out of the deal allegedly upon the advice of other top pre-need executives.
(Martinez died on May 6 due to colon cancer complications.)
To Danvil, From a Hurting OFW in Japan
By Lemmor Adsiv, an OFW in Japan
March 7, 2009
It is of great help for me it you could answer me on this inquiry. I finished paying my Danvil plan and it will mature in 2019. Actually I paid it in advance so as not to miss payments. But I’m having many sleepless nights because of many doubts about how pre-need companies are doing in the market today. I am having second thoughts about waiting for my plan to mature. Any idea on this? How much money would I get in return if I apply for early reimbursement of my payments? Much as I would like to inquire personally at the Danvil office regarding the matter, I’m here in Japan working hard to make both ends meet for my family. It was hard earned money that I used to pay for my plan. That’s why I am really bothered and annoyed by different news I heard about the pre-need business.
Dalawa ang aking plans sa Danvil. Sad to say na noong kinuha ko yon sa SM Southmall, di ko naintindihan masyado ang paliwanag. Kadarating ko lang noon, galing ako sa work ko abroad and I’m only on my vacation. Actually, I can say na forced and pressured lang din ako ng Danvil employee. Para bang para makauwi na lang ako kumuha na lang ako, then bahala na. Parang ganoon ang nangyari sa akin.
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