THE Government Service Insurance System (GSIS) released a total of P190 million in cash benefit to its active members on December 22, 2018.
Qualified to receive the cash benefits are GSIS members whose compulsory life insurance policy has been in force for at least one year as of December 31, 2017.
Holders of compulsory life insurance policy whose agency was suspended as of that day are also entitled to receive the benefit, while members whose policy matured in 2017 will get a proportionate amount.
GSIS automatically credited the benefits of qualified members to their GSIS eCard or unified multipurpose identification card.
GSIS members whose compulsory policy was terminated due to death, retirement or separation or lapsed in 2017 are not qualified for the benefit. Those with unpaid salary and consolidated loans or premiums for at least 12 months as of
December 31, 2017, are likewise ineligible.