Government Service Insurance System (GSIS)
BENEFITS, SERVICES, LOAN FACILITIES, & OTHER PROGRAMS
LOAN WINDOWS
For Individual Borrowers
- Salary Loan - equivalent to one to eight months basic salary at 8% interest per annum (for the first 3 mos.) and 12% per annum (for the fourth to the eight months)
- Emergency Loan - P10,000 at 10% interest per annum computed in advance granted to members residing and/or working in areas declared as "calamity areas"
- Policy Loan - equivalent to 50% of cash surrender value for Compulsory Policy and 90% of cash surrender value for Optional Policy, at 8% interest per annum
- Pension Loan - loan available to old-age and disability pensioners equivalent to 6 months pension or P100,000 whichever is lower at 8% interest per annum computed in advance
- Retirement Loan - equivalent to fifty percent (50%) of the eligible member's accrued separation/retirement benefit under RA 8291 at 10% per annum compounded monthly
- Bahay Ko Housing Loan - a mortgage loan available to government employees without outstanding housing loan account with GSIS for: (a) construction of a house on a lot owned by the borrower (b) construction of a house on a lot purchased by a by a member with outstanding balance or (c) purchase of a lot and construction of a house
thereon (d) house repair or improvement/completion of construction requirements (e) expansion/extension or any alteration in an existing residential unit (f) refinancing/transfer of an existing mortgage loan (g) purchase of a second hand housing with or without additional loan for repair/improvement Loanable amount - lowest of : (a) borrower's actual need (b) loan entitlement based on capacity to pay (c) loan entitlement based on collateral valuation
For Institutional Borrowers
- Tulong sa Lokal na Pamahalaan (LGU Lending Program) - Construction/completion of local government projects - P20 M maximum.
- Industrial and Commercial Lending - Working capital, acquisition of sites, expansion of plants and equipment, construction and civil works. Loan amount depends on the project requirements.
- Special Financing Program for Small and MediumEnterprise - Available through accredited Participating Financial Institutions/Conduit Banks
- For new business/start-up projects
- For existing business with an asset of not more
than P200 million
- For export oriented firms
- Maximum loanable amount - P50 million
GENERAL INSURANCE
Covers assets and properties with government insurable interests and mandated to be protected by GSIS insurance. The following product lines are available:
- Fire
- Insurance which specifically covers properties against the risk of fire.
- Standard Fire/Lightning
- Industrial All Risks
- Allied Perils
- Engineering
- Insurance of various perils arising out of plant and machinery and resultant damage to the insurers surrounding property and liability to parties. Consequential loss may also be insured.
- Construction All Risks
- Erection All Risks
- Boiler Pressure Vessel
- Determination of Stocks
- Machinery Loss of Profit
- Machinery Breakdown Insurance
- Electronic Equipment Insurance
- Marine and Aviation
- Insurance of the hull, cargo,freight and liabilities of ship and oil rigs.
- Hull
- Cargo
- Casualty and Miscellaneous
- Liability as a result of an accident or fortuity.
- Motor Car
- Floater
- Personal Accident
- Livestock
- Fine Arts
- Airport Liability
- Comprehensive General Liability
- Destruction, Dishonesty and Disappearance
- Money Payroll Securities Robbery
- Professional Guarantee Policy
- Bonds
- An undertaking by a surety to pay compensation or a penalty if the person guaranteed by the bond fails to fulfill some legal obligation
- Surety
- Bidders
- Performance
Non -life Insurance Marketing and Sales on Personal Insurance Needs of GSIS Members
INQUIRY FACILITIES
GSIS Infotext Service
Inquiries on
- Salary/policy loan balance
- Salary/policy loan loanable amount
- Salary/policy loan application status
- Retirement claims status
- Retirement claims tentative computations
To register, text GSIS REG(Policy Number)
(Last Name),(First Name) and send to 2390
for Globe users and to 248 for Smart users
e - GSIS
Access to
- GSIS personal database records, transactions, privileges
- GSIS forms via the GSIS website at www.gsis.gov.ph
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