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National

ADVISORY: Unpaid Prudentialife plan holders asked to submit docs for claims

InterAksyon.com
The online news portal of TV5

MANILA, Philippines – The troubled Prudentialife Plans Inc. (PPI) is asking its thousands of unpaid education plan holders to submit documents for their claims.

In a notice issued Monday, the company through the Symecs Law, asked plan holders and/or claimants to submit the following:

a. Copies of the Original Policy Plan;

b. Certificate of Full Payment;

c. Availments/Non-availment;

d. Other supporting documents; and/or

e. Duly-notarized Affidavit of Loss for plan holders who have lost the foregoing documents. 

All proof of claims should be sent to 2nd Floor, Prudentialife Head Office Building, 118 Gamboa Street, Makati City, or via email at prudentialifepolicy@gmail.com, according to the notice.

Plan holders have until October 30, 2012 to submit the required documents to allow the PPI to reconcile, verify, and finalize its existing plan holder database.

“Plan holders whose names are not on the published list and fail to submit any proof of claim by said date will be deemed to have waived their rights to claim as plan holder,” the notice said.

Last month, the Insurance Commission has placed the beleaguered pre-need company under receivership to determine if it could still be revived.

The 34-year-old PPI has 300,000 plan holders nationwide. In 2009, PPI was told to stop selling new plans but was allowed to continue servicing existing ones. As of September 2011, PPI had a deficit of some P11 billion.

 

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