State pension fund Government Service Insurance System began distributing the 2018 cash benefit to its active members amounting to P174 million on Dec. 23.
More popularly known to GSIS members as dividend, the cash benefit will be given to qualified compulsory policy holders of the GSIS life insurance program.
“We will automatically credit the cash benefit of our members to their eCard or Unified Multipurpose Identification card,” GSIS chairman and acting president and general manager Rolando Ledesma Macasaet.
Entitled to the 2018 cash benefit are GSIS members whose compulsory life insurance policies have been in force for at least one year as of Dec. 31, 2018. Members whose compulsory policies matured in 2018 will receive a proportionate amount.
Not eligible to receive the cash benefit are members whose compulsory insurance policies lapsed in 2018.
