THE GOVERNMENT Service Insurance System (GSIS) has announced its readiness to extend financial assistance to active members and old-age or disability pensioners in Davao Oriental following the twin earthquakes that struck the province and nearby areas.
“We are closely monitoring the situation in Davao and stand ready to provide immediate financial assistance to help our members and pensioners recover from the effects of the earthquakes,” said GSIS President and General Manager Wick Veloso.
Under the GSIS Emergency Loan Program, qualified members and pensioners residing or working in affected areas may borrow up to ₱40,000 if they have an existing emergency loan, or up to ₱20,000 if they have none. The loan is payable in 36 months at 6% annual interest, with the first payment due after three months.
Veloso added that GSIS continues to promptly process emergency loan applications through its digital channels. Members may conveniently apply via the GSIS Touch mobile app, GWAPS kiosks, or over-the-counter, with proceeds credited directly to their GSIS ATM cards.
GSIS is also coordinating with local government units to assess insured government properties that may have sustained damage, ensuring the prompt processing of insurance claims and the immediate restoration of public services.
As of October 12, GSIS has released more than ₱346 million in emergency loans to over 12,000 members and pensioners in Cebu following a strong earthquake.
“Just as we did in Cebu, GSIS will ensure that our members and pensioners in Davao receive the support they need to recover quickly. Our priority is to bring relief and security, especially in times of calamity,” Veloso said.
GSIS will also open its emergency loan window in other earthquake-hit areas once these have been placed under a state of calamity. (PR)
For updates and assistance:
- Visit: www.gsis.gov.ph
- Call: GSIS Contact Center
- Email: gsiscares@gsis.gov.ph
- Follow GSIS on Facebook, TikTok, YouTube, Instagram, LinkedIn, and the GSIS Viber group.
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