Policy Loan

Policy loan is a loan program which you can avail from your GSIS life insurance policy. There are two kinds of compulsory GSIS life insurance programs which are automatically granted to you the day you enter government service: the Enhanced Life Policy (ELP) and the Life Endowment Policy (LEP). ELP provides cover for you if you entered the service after July 31, 2003. Members whose policies have matured will also be covered by ELP. The maximum loanable amount you can avail of under ELP is up to 90 percent of the accumulated termination value of this policy. On the other hand, LEP refers...

GSIS’ improved database leads to faster loan processing

Date Posted: January 3, 2013 State pension fund Government Service Insurance System (GSIS) today said that it has processed up to a maximum of 50,000 emergency loan applications on a daily basis for members affected by typhoon ‘Pablo’, due to a more reliable database and online capabilities of the GSIS Wireless Automated Processing System (GW@PS) kiosks. The GSIS said that compared to 2009, at the height of super typhoon ‘Ondoy’, the number of emergency loan applications processed daily, peaked at more than 17,000 only. In a statement, the pension fund pointed out that it is continuously updating its database to...