THE Government Service Insurance System (GSIS) has earmarked more than P12 million in emergency loans for 546 active members and 49 old-age pensioners living or working in the municipality of Kumalarang, Zamboanga del Sur.
In a statement on Monday, GSIS said various barangays of Kumalarang were severely flooded due to strong rains brought by an Inter-Tropical Convergence Zone.
The GSIS emergency loan is payable in 36 equal monthly installments at 6 percent interest rate.
It is covered by a loan redemption insurance, which deems the loan fully paid, in case of the borrower’s demise, provided the loan payment is up to date.
The pension fund said active members working or residing in the affected area may apply provided that they have no due and demandable GSIS loan, are not on unpaid leave, have paid premiums in the last six months before applying, have no pending administrative or criminal case and have a net monthly take-home pay of at least P5,000 after deductions.
Old-age pensioners may also apply, provided they are residing in the affected area, and their net basic monthly pension is at least 25 percent after deductions.
Those with no existing emergency loan may borrow P20,000 while those with outstanding balance in their previous emergency loan account may be granted a P40,000 loan.
The application deadline for the loan is on July 9. Loan proceeds will be electronically credited to the borrower’s eCard or UMID card.
GSIS Non-Life Insurance Hub
Meanwhile, in a separate statement, GSIS said it launched its Non-Life Insurance Hub at the GSIS Quezon City Branch Office on Monday, completing the rollout of insurance hubs in all GSIS branches nationwide under its unified brand, Ginhawa Insure, Para Sure.
The launch comes amid continued growth in GSIS’ non-life insurance operations.
From January to May 2025, GSIS recorded P7.59 billion in gross premiums written, up by 11.9 percent compared to the same period last year.
In 2024, the agency collected P10.5 billion in premiums, exceeding its P8.9 billion target.
“The insurance hub is intended to make our services more accessible and responsive to the agencies and local governments. Quezon City is a strategic location that allows us to support more institutions and protect more public assets,” GSIS President and General Manager Jose Arnulfo Veloso said.
“As risks become more complex, government institutions need timely and reliable insurance solutions. This hub strengthens our commitment to provide efficient protection, right where it’s needed,” he added.
The new hub caters to individual members and qualified dependents seeking coverage for motor vehicles, residential properties and personal safety through GSIS’s Motor Vehicle, Fire and Personal Accident Insurance programs.
These products offer financial protection for accidents, property damage, third-party liability, fire-related losses involving homes and belongings and injury or loss of life due to unforeseen incidents.
It also serves property officers handling institutional insurance needs.
As mandated by Republic Act No. 656, GSIS is the official insurer of government properties.
Through this hub, agencies can conveniently submit applications, renewals and claims for coverage of public assets.
