Ideal Pension Plans Corporation Planholders — Time to Unite

Updated Jan 16, 2018

Ideal Pension Plans Corp. filed for voluntary insolvency on December 29, 2010.
Atty. Leonila Licuan was appointed liquidator by the court.

Address of Atty. Licuan:
3rd Floor Del Castillo Bldg.
Rizal St., Surigao City
Phone Nos.:
0919-3893805
856-3545 Bing or Alma
0947-53337503 Bing Isidro

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There have been several planholders of Ideal Pension Plans who have been asking about the status of their pre-need firm. I’ve also read in other forums complaints about the failure of Ideal Pension Plans to pay maturing benefits and claims.

My answer was always about the need for Ideal planholders to connect with each other online and talk about how they can pursue their claims. I’ve even suggested that if they’re interested, I can email those who made comments here about Ideal and ask if they like to exchange email addresses.

Now, one Ideal Pension planholder, Juni, has placed on the comment section a notice he said it came from the Makati Regional Trial Court. And he’s calling for all Ideal Pension planholders to unite, help each other and show their power during the hearing on October 5, 2010.

Comments From Juni:

Hi all! I just received a NOTICE OF HEARING from the 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.
[adsense]
IDEAL PENSION PLANS, Petitioner.

Notice of Hearing for:  Meeting of all 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.

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According to online SEC records, Ideal Pension Plans Corp. was licensed to sell pre-need plans until December 31, 2008.   In the SEC pre-need list as of September 9, 2008, Ideal Pension was listed, but in the SEC list as of January 2009, Ideal was no longer on the list.

Now, Ideal planholders, you have a chance to make your demands together. Bring xerox and original copies of your Ideal pre-need policies, but guard your original copies. There’s POWER in number. The more planholders at the hearing, the better.

Those who can visit the Makati City Hall and check if there are changes in the notice, it is for everyone’s good if they can do so, and then inform other planholders.

Comments by Ideal planholders can also be found here:

Pre-need Companies in the Philippines Now Under the Insurance Commission

Danvil Plans,Other Pre-Need Firms — Updates

Update from Nori on Ideal Pension Plans as of March 13, 2011:  (Thanks a lot, Nori)

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. Huwag po tayong mag expect na makukuha natin ng buo ang contract price. Approximately 20% lang makukuha. Depende sa mabebentang ari-arian ng court appointed liquidator, baka mas malaki o mas maliit ang makukuha.

Related Articles:

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

Pre-Need Planholders — How to Ask Help from the Insurance Commission

59 Comments

  1. Edgar Rosas June 10, 2020
  2. Jhomar e baluyot July 26, 2019
  3. jun p. April 26, 2019
  4. ROBERT KALAGUI MONTANO April 25, 2019
  5. jun p. March 11, 2019
  6. Erlina M.Quita March 11, 2019
  7. MERRYFLOr Pingkian January 18, 2019
  8. Nora January 16, 2018
  9. Jayson Taguba January 15, 2018
  10. Dennis, Resonable December 20, 2017
  11. nilda October 19, 2017
  12. Nora January 12, 2017
  13. Emeluz Cruz Santos January 12, 2017
  14. Luceli Uy January 3, 2017
  15. Nora November 18, 2016
  16. Jam November 16, 2016
  17. Nora August 17, 2016
  18. MJ August 17, 2016
  19. Nora July 21, 2016
  20. wena de guzman July 19, 2016
  21. Nora April 19, 2016
  22. valorie dianne tagala April 18, 2016
  23. Nora February 9, 2016
  24. Gina Piad advincula February 7, 2016
  25. jhen May 16, 2015
  26. Nora May 14, 2015
  27. jhen May 13, 2015
  28. Nora October 10, 2014
  29. johanna October 10, 2014
  30. Juni Tejano August 8, 2014
  31. jon August 8, 2014
  32. Nora May 29, 2014
  33. kendrille May 28, 2014
  34. Nora May 9, 2014
  35. Nora May 9, 2014
  36. Liezel May 6, 2014
  37. Ma. Nelida Capito May 6, 2014
  38. Nora February 19, 2014
  39. analiza February 18, 2014
  40. Criselda Navarro Daleja January 21, 2014
  41. Nora December 5, 2013
  42. Chachie Urrutia December 4, 2013
  43. Nora November 25, 2013
  44. ella fabian November 24, 2013
  45. Susan P. yasay October 11, 2013
  46. Nors July 21, 2013
  47. jon July 21, 2013
  48. Nors July 2, 2013
  49. emely obiso July 1, 2013
  50. Nors June 17, 2013
  51. CHARLIE June 16, 2013
  52. jon April 28, 2013
  53. Rose San Andres April 17, 2013
  54. Nors April 8, 2013
  55. jon April 7, 2013
  56. Nors March 16, 2013
  57. Raymunda Macas March 15, 2013
  58. Nors March 15, 2013
  59. romeo heraldo March 15, 2013

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