One-Time Condonation Program for Outstanding SNPL and FPPL Accounts

What are the Study Now, Pay Later (SNPL) and Fly PAL, Pay Later (FPPL) programs of the GSIS? SNPL is an educational assistance program implemented by the Government Service Insurance System, together with the Social Security System, the Philippine National Bank, the Development Bank of the Philippines, and the Land Bank of the Philippines, in compliance with Presidential Decree (PD) No. 932 dated 13 May 1976 (Educational Assistance Act of 1976). The program later evolved into the Educational Assistance Loan (EAL), which was approved under Republic Act (RA) 6728 in 1988 and amended by RA 8545 in 1998.A similar credit...

Frequently Asked Questions on Loan Moratorium

What is the loan moratorium program that the Government Service Insurance System (GSIS) has recently implemented? The latest GSIS loan moratorium is an automatic deferment of loan payment, without interest and penalties, that the GSIS has granted to its members and pensioners in areas that were hit hardest by supertyphoon Yolanda. The GSIS Board of Trustees approved the moratorium program under Resolution No. 129 on November 28, 2013 to enable GSIS members and pensioners to use the fund in recovering and rebuilding their lives. What period is covered by the moratorium? It covers six months from November 2013 to April...

Frequently Asked Questions (FAQs) Directors’ and Officers’ Liability Insurance (DOLI) Policy

1. What is the DOLI policy? The Directors’ and Officers’ Liability Insurance (DOLI) policy is an insurance cover designed to protect the government-owned and -controlled corporation (GOCC), government financial institution (GFI), agency, or commission – and its directors/trustees and officers – against the cost of litigation and liability in the course of performing the official acts of its governing Board and Management. 2. Why do GOCC directors/trustees and officers need the DOLI? GOCC directors/trustees and officers can be held personally liable for the actions they perform in relation to their duties in the corporation. Thus, they have to be protected...

Mga Tanong at Sagot Ukol sa GSIS Housing Restructuring Program

Ano ang unang dapat gawin sa pag-a-apply sa GSIS Housing Restructuring Program? Dapat munang mag-set ng appointment sa GSIS. Tumawag lamang sa mga sumusunod na telepono kung ang housing account ay nasa Central Office: 479-3548, 479-3583, o 479-3587. Kung ang account ay nasa handling GSIS branch office, ang mga telepono ay makikita sa Contact Us. Sa pagtawag, ang aplikante ay bibigyan ng confirmation ticket number at ng petsa ng appointment, kung kailan siya nakatakdang magtungo sa GSIS. Sinu-sino ang maaaring mag-apply sa restructuring program? Ang programa ay bukas sa mga sumusunod: (1) account na tuluy-tuloy na nababayaran (current) o dapat...

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