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GROUP
Insurance
• Insuring a group of people under one master contract
A Plan designed for employee benefits
GROUP YEARLY RENEWABLE TERM (GYRT) is highly
advisable for business organizations, particularly corporations
which provide benefits to their employees.
A
Plan designed to secure loans in banks and other financial
institutions
GROUP CREDITOR'S LIFE INSURANCE (GCLI) is
designed to insure persons with established credit in banks,
lending firms or other financial institutions. This is advisable
particularly for small loans (i.e. P5000,000.00 and below)
with a term up to one year.
GROUP MORTGAGE REDEMPTION INSURANCE (MRI)
is highly recommended for debtors with big loan amount (i.e.
P500,000.00 - 10,000,000.00) and with long-term lenght of
mortgage, usually 5 to 25 years.
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