MEMORIAL PLAN

There are two types of Memorial Plans that Provident is offering in the market. the first kind is the Traditional Memorial Plans (Which is the maiden product offered in 1974 and has gone through several price increases) and the Fixed Value Memorial Plan TRADITIONAL MEMORIAL PLAN
The Compassionate Service
Provident has more than three decades of experience making its people truly professional and well trained in the field. We render compassionate service because we truly understand what your family is going through. All you need is a single phone call any time of the day or night and you will be assured of organized and personalized assistance to all your needs.


GET DOUBLE INSURANCE COVERAGE :
Group Credit Life Insurance (GCLI)
If the Planholder passes away during the paying period, as long as the payment of the plans is up-to-date, the balance on your plan will be deemed fully paid.
However, you must pass the one year contestability period.
Family Cash Assistance Benefit (ADB)

In the event of Planholder's death during the paying period due to an accident, the beneficiaries shall be entitled to an amount equivalent to one hundred percent (100%) of the contract Price Accidental Death Benefit. Up to age 60.

Insurance Protection

During your (five) 5-year paying period. You are covered with Insurance Protection (18 to 65 years old) with a maximum coverage of Php. 1,000,000 (Non Med) built in to your plan.




UNRENDERED SERVICE
In the event that his/her wishes for memorial services cannot be carried out in accordance with the agreement due to circumstances beyond the control of Provident and the Planholder's family, the beneficiaries has the following

options:
The plan will be transferred to one of the beneficiaries.
The beneficiary has the right to transfer or sell the plan.
Cash refund based on the termination value table.




THE PLAN IS CONVENIENTLY TRANSFERABLE/ASSIGNABLE

You can assign the services of your plan to a relative or associate.
You also have the option to transfer your plan to a living relative or associate who will agree to continue the payment until it is fully paid.

Other Features:

Nationwide network of mortuary.
Trust Fund is safeguarded and professionally administered by our Trustee Banks.
Lapsed plan can be reinstated within 2 years.




FIXED VALUE MEMORIAL PLAN
Plan A (AMBER) - Basic

Provide Memorial Service Benefit (MSB) at the time of need. As budget to purchase of service.
The MSB is equivalent to 5,000/unit and shall increase annually by 5% of initial MSB every year after the plan has been fully paid until MSB reaches 200% .

Plan B (BERYL) - Basic with GYRT

Provides Memorial Service Benefit (MSB) at the time of need. As budget to purchase of service.
The MSB is equivalent to 5,000/unit and shall increase annually by 5% of initial MSB every year after the plan has been fully paid until MSB reaches 200%
An additional 100% of MSB through GYRT if planholder dies during paying and waiting period up to age 75.

Plan C (CORAL) - Basic with ADB

Provides Memorial Service Benefit (MSB) at the time of need. As budget to purchase of service.
The MSB is equivalent to 5,000/unit and shall increase annually by 5% of initial MSB reaches 200%.
An additional 100% of MSB through ADB if Planholder dies due to accident during paying and waiting period up to 60.

Plan D (DIAMOND) - Basic with GRYT AND ADB

Provides Memorial Service Benefit (MSB) at the time of need. As budget to purchase of service.
The MSB is equivalent to 5,000/unit and shall increase annually by 5% of initial MSB every year after plan has been fully paid until MSB reaches 200%.
An additional 100% of MSB through GYRT, of planholder dies during paying and waiting period up to age 75.
Another 100% of MSB through ADB if planholder dies due to accident during the paying and waiting period up to age 60.




INSURANCE BENEFITS
The Planholder gets protection from the following insurance benefits
Group Credit Life Insurance (GCLI)
If the Planholder passes away during the paying period, as long as the payment of the plan is up-to-date, the balance on your plan shall be deemed fully paid. However, you must pass the one year contestability period.
Group Yearly Renewable Term (GYRT)
An amount equivalent to the MSB shall be added to the memorial service cost in case the planholder dies from date of purchase of the plan until age 75.
Accidental Death Benefit (ADB)
An amount equivalent to the MSB shall be added to the memorial service cost in case the planholder dies due to accident from date of purchase of the plan until age 60.


PLAN FEATURES:
Cash Difference Benefit
If the actual cost of the memorial service is less than the value of the MSB, the difference will be given to the heirs of the Planholder as additional benefit.
Transferability
The Planholder may transfer his rights and privileges under the agreement to another person, by giving a written notice to Provident.
Non-Medical Insurance Benefit
Qualified Planholder has an insurance coverage up to a maximum of Php. 1,000,000.




For inquiries, please contact JEANETTE SILVESTRE (Unit Manager)
Email: jeanettesilvestre@yahoo.com
Mobile: 09178837018 (Globe) 09228629294 (Sun)



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