For 43 years, AFPMBAI has truly lived up to its mission of providing responsive welfare benefits and services to its members. It has consistently developed new products, improved benefits while all the time reinforcing the meaning of service excellence.
is proven by the approval of the Board of Trustees of the additional
P50,000 Killed-In-Action (KIA) Benefit. In line with the management’s
proposal to upgrade the basic insurance, members from the AFP, BFP, and
BJMP are covered by the additional KIA Benefit without any additional
premium effective February 27, 2008.
benefit for additional insurance policyholders, the Board of Trustees
also approved the declaration of approximately P42M in cash dividends
to 131,541 policyholders starting April 14, 2008. Cash dividends were
released thru the banks for members who have ATM accounts and thru all
on-line AFPMBAI offices nationwide.
consonance with its desire to provide more educational opportunities to
a greater number of qualified dependents of soldiers, the Board
recently approved the Association’s recommendation to support the Armed
Forces of the Philippines Educational Benefit System Office’s (AFPEBSO)
advocacy of “Leaving No Soldier’s Orphan Behind,” through a strategic
partnership that would establish the AFPMBAI-AFPEBS Educational Benefit
Program. Under this program, AFPMBAI will give P1M as financial
assistance in terms of annual stipend to an initial 86 college scholars
who are dependents of military personnel killed-in-action. Coordination
will also be made with other uniformed services regarding their
scholarship programs so that the Association could also extend some
financial assistance to them.
AFPMBAI Board has also approved the grant of a P10M calamity loan for
victims of Typhoon Frank, subject to the approval of the Insurance
Commission. The loan will be available to uniformed personnel in the
active service residing in Iloilo, Antique, Guimaras, Aklan, Capiz and
Negros Oriental/Occidental. The maximum loanable amount of P10,000,
payable in 3-5 years bears an interest rate of 6% per annum. Loans were
processed and released at AFPMBAI Regional Office VI located in Camp
Martin Delgado, Fort San Pedro, Iloilo City.
land development of Bacolod Homes Royale was completed in May.
Inauguration was held last 8 August 2008 with Bacolod City Vice Mayor
Jude Thaddeus Sayson as Guest of Honor. The Association’s Real Estate
Group is now actively engaged in selling lots in “The City of Smiles”.
Since most of the members and the civilians prefer to buy a completed
housing unit, construction of model houses is also underway.
the real estate mortgage loan ceiling has been increased from P2M to
P3.5M per member, subject to existing policies of the Association.
retirees were also treated to a free four-day MagNegosyo Tayo!
Livelihood Seminar to help them put up businesses once they join the
civilian community. Attendees from the different branches of service
enjoyed lectures and demonstrations from the experts on various
livelihood projects such as setting-up a water refilling station, swine
raising, poultry and duck raising, organic vegetable farming, meat
processing and business planning. The value of continuing one’s
additional insurance upon retirement and options for capital sourcing
through AFPMBAI’s loan facilities were also discussed.
AFPMBAI has once again proven to be the strong, solid and dependable
partner of the members, an institution that would always be ready to
face the challenges to provide for a better life for the members and