Family Indemnity Insurance

The Family Indemnity Plan is a group life insurance that provides financial comfort in the event of an insured member’s death or his/her eligible family members.

The plan covers up to six (6) family members at any one time. An eligible family member is defined as:

  • The member’s spouse
  • The member’s parents and parents-in-law, enrolled by age 76
  • The member’s unmarried children (age 1 – 25)

Benefits payable depends on the plan selected at the time of enrollment:

Good

Plan A Premium

  • Member’s Spouse
  • Members Parents
  • Benefit $5,000
$2640
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Better

Plan B Premium

  • Member’s Spouse
  • Members Parents
  • Benefit $7,500
$3960
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Best

Plan C Premium

  • Member’s Spouse
  • Members Parents
  • Benfit $10,000
$5280
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Best

Plan D Premium

  • Member’s Spouse
  • Members Parents
  • Benfit $15,000
$7920
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The advantages of the plan include:

  • No medical examinations
  • Lifetime insurance coverage
  • Payments within 3 days on submission of birth, death and FIP certificate
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