PRODUCTS AND SERVICES
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:
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 contribution.
LPIP
Kaagapay Life Plus Insurance (Life Plus)
It is an optional plan with a premuim of P240 per annum and a benefit that is almost twice as that of BLIP. It can be availed up to 5 units per member at any given time.
LMIP
Kaagapay Life Max Insurance Plan (Life Max)
It is an optional plan with a premium of P650 per annum. The coverage includes death, accidental death, hospital income and total and permanent disability benefits. It can be availed up to 5 units per member at any given time.
GLIP
Kaagapay Golden Life Insurance Plan (GLIP)
Is an optional life insurance plan for those who have been BLIP members for at least six (6) years prior to reaching the age of 66. The premium of P9,950 is payable in 10 years. The coverage is up to age 100.
CLIP
Kaagapay Credit Life Insurance Plan (CLIP)
It is a mandatory credit plan for members that offers both life and credit life insurance benefits. The premium is PhP1 per thousand of loan availed per week.
MRI
Kaagapay Mortgage Redemption Insurance (MRI)
A mandatory credit plan for members that covers the outstanding loan amount of the client. The premium is Php 10 per thousand per year.
TSPI-MBAI MEMBERS’ BENEFIT PROGRAM PARTNERSHIP WITH TULAY SA PAG-UNLAD, INC (A MICROFINANCE NGO) AND TSPI MUTUAL BENEFIT ASSOCIATION, INC
Sambayanihan is a combination of the words “Samba”, “Bayan”, “Bayani” “Anihan” and “Bayanihan”. It is coined to refer to MBAI’s members benefit program, as briefly explained below:
Samba – accentuates that serving others is a God-given mission
Bayan, Bayani, Anihan and Bayanihan – describes the community activities that will benefit MBA members. It is a way of giving back to our clients through community services and gives opportunity to staff and members to “demonstrate love and service in their community”, which is TSPI MBAIs’ mission.
“SAMBA”
We worship God in all we do!
“So whether you eat or drink or whatever you do, do it all for the glory of God.”
1 Corinthians 10:31
“BAYAN”
We are chosen and called to God’s kingdom!
“But our citizenship is in heaven. And we eagerly await a Savior from there, the Lord Jesus Christ …”
Philippians 3:20
“BAYANI”
Obey God and “Serve Like Jesus”!
“Do nothing out of selfish ambition or vain conceit. Rather, in humility value others above
yourselves, not looking to your own interests but each of you to the interests of the others.”
Philippians 2:3-4
“BAYANIHAN”
We uplift lives thru “Sama – Samang Responsibilidad” and unite for God’s Glory!
“Let the peace of Christ rule in your hearts, since as members of one body you were called to peace.
And be thankful.”
Colossians 3:15
“ANIHAN”
We will harvest with songs of joy!
“When he saw the crowds, he had compassion for them, because they were harassed and helpless, like sheep without a shepherd. Then he said to his disciples, “The harvest is plentiful, but the laborers are few; therefore, pray earnestly to the Lord of the harvest to send out laborers into his harvest.”
Matthew 9:36-38