Loyola Plans needs P238-M to satisfy claims of planholders — Insurance Commission

Policy holders from different provinces have been going to the Loyola head office in Makati City to get their pre-need claims, reported Maki Pulido on GMA-7’s “24 Oras” on Thursday.

One of them is Gina Daodoy who is from Zambales.

“Ini-schedule po kami for claiming ng cheke ng March 11, tapos pagpunta namin ni re-sched kami. April 8, magti-text sila, wala pa rin po,” she said.

“Pinaghirapan po namin iyan... Ngayon, iyong bunso, para sa kanya iyan. Eh may edad na po kami. Wala siyang magagamit kung hindi nila ibigay,” she said.

A soldier also went to Loyola Plans office hoping to get his claim.

“Kasi hindi naman natin inaasahan iyng mga sitwasyon lalo na sa amin na mga sundalo. So sabi ko mas ok na iyon kaysa baka may mangyari pa. Although may makukuha naman, pero hindi kami umaasa doon sa makukuha or whatever,” Sgt. Edgar Depalog said.

The Insurance Commission revealed that Loyola Plans Consolidated Inc. needs P238 million to turn over to pre-need planholders. Insurance Commissioner Emmanuel Dooc said the company should have no problems in providing the claims.

“May net worth pa po sila na [P]282 million. Samantalang ang kanilang deficiency ay [P]238 million lamang. Sa makahulugan po ay pwede sila ay aming o-order-an na ilipat iyong kanilang bahagi ng corporate assets para mapunuan iyong kanilang kakulangan sa trust fund deficiency nila. Makikipag-ugnayan kami sa kanilang trustee banks,” he said.

Loyola Plans is yet to give a comment on the issue.

Aside from Loyola Plans, Commissioner Dooc said they are also keeping an eye on three other insurance companies. But he declined to name them.

“May mangilan-ngilan kakaunti lang po na insurance company sa life at non-life na binigyan na namin ng sulat dahil sila ay may kakulangan either sa kanilang puhunan o sa kanilang mga reserves. Iyan po ay aming tinututukan ng pansin,” he said. — Trisha Macas, BAP, GMA News