📋 Tender Overview
The Government Service Insurance System GSIS is set to release 12.9 million in life insurance benefits to the familiesbeneficiaries of the eight government health workers who succumbed to the COVID-19 virus. This was announced today by Rolando Ledesma Macasaet President and General Manager of the state pension fund.Our insurance officers are already coordinating with the bereaved families. Once the papers are duly processed we will release the amounts without delay Macasaet said. And as promised we will be granting an additional 500000 under our Bayanihan Fund for Frontliners BFF on top of their regular insurance benefits in recognition of their heroism and selfless dedication to public service he added.Last 14 April 2020 the GSIS Board of Trustees approved a resolution establishing the BFF that would provide an additional 500000 cash benefit to government health workers involved in the fight against COVID-19 on top of their regular GSIS life insurance policy. As GSIS members all government doctors and health professionals employed in the DOH DOH-attached institutions LGU health centers and other public health institutions are automatically covered by a life insurance policy provided by GSIS. The GSIS life insurance policy entitles the members familybeneficiary to receive a lump sum payment equivalent to 150 of the annual salary of the deceased member.Each family will receive from GSIS a lump sum payment equivalent to 150 of the annual salary of the deceased plus 500000 under the BFF. This is over and above the 1 million which President Duterte promised to give our frontliners under the Bayanihan to Heal as One law Macasaet explained.It is devastating to lose a loved one but we do hope that this will help assuage the grief felt by the families of those left behind by these heroes who made the ultimate sacrifice for our country Macasaet added. Macasaet refused to name the eight government workers who succumbed to COVID-19 citing privacy reasons. But he identified that five of the individuals belonged to national health institutions such as the Philippine Heart Center Philippine General Hospital UP-PGH National Childrens Hospital and Vicente Sotto Memorial Medical Center in Cebu while three worked in the local health centers of Manila Paraaque and Pampanga.
