GSIS e-credits benefit payments

MANILA, Philippines - Starting Oct. 14, Government Service Insurance System (GSIS) benefits such as retirement, life insurance, survivorship and pre-need claims will be e-credited in the members’ eCard or UMID card instead of releasing the benefits through checks. This is the third time GSIS is e-crediting payments to members and pensioners.  The first to be released via e-crediting is the proceeds of GSIS loans – consolidated loan, emergency loan, pension loan and policy loans – which have long been released through the eCard of GSIS members and pensioners. The second set of benefits to be electronically released is the monthly old age, disability and survivorship pension.  To be e-credited this month are the proceeds of the following claims: retirement, cash surrender value, maturity,  pre-need, survivorship, death claim, funeral claim, disability claim, accidental benefit.  However, check payment will be processed for claimants who are neither members nor pensioners and have no e-Card.