TSPI MBAI’s insurance plans are called “KAAGAPAY PLANS”. The term Kaagapay is coined after the Filipino word “ka” which means associate/fellow and “agapay” which means to assist or to be by one’s side.
Through the Kaagapay Plan, the members can avail of:
Kaagapay Basic Life Insurance Plan (BLIP)
Kaagapay Basic Life Insurance Plan (BLIP) is a mandatory insurance with a premium of P240 per annum. The coverage includes death and accidental death benefits, accidental dismemberment/ disablement and total and permanent disability. It covers both the member and qualified dependents. Members have equity value equivalent of P120 or 50% of the premium.