Winston F. Garcia, GSIS president and general manager, said that out of the P1.2 billion set aside for distribution, P960.4 million will go to the regular insurance policy holders, while dividends allocated for optional life policies is P238 million. Garcia pointed out that GSIS members would start receiving their dividend checks starting Dec. 1.
Among the terminated compulsory/optional life insurance coverage in 2001, only maturity cases shall be entitled to cash benefits/dividends proportionate to the length of time the insurance was in force for the said year.