Life Insurance Benefits
- Life insurance coverage amounts to ₱5,000 for barrio captains.
- Life insurance coverage amounts to ₱3,000 each for councilmen, barrio treasurers, and barrio secretaries.
Disability Benefits
- Disability insurance proceeds are ₱3,000 for barrio captains who become fully and permanently incapacitated or disabled.
- Disability insurance proceeds are ₱2,000 each for councilmen, barrio treasurers, and barrio secretaries under the same conditions.
- Disability must arise out of and in the course of performing official duties.
- Beneficiaries of disability benefits under this law cannot also claim benefits under other specified sections (Sections 4 and 5 of the original Act).
Accident Insurance Benefits
- Accident insurance provides compensation for specific injuries as follows:
- ₱3,000 for brain injury resulting in loss of sanity.
- ₱3,000 for permanent loss of sight in both eyes.
- ₱2,000 for permanent loss of hearing in both ears.
- ₱1,500 for permanent loss of sight in one eye.
- ₱1,500 for loss of one limb.
- ₱3,000 for loss or destruction of two or more limbs.
- ₱2,000 for loss or destruction of both hands at or above the wrist.
- ₱2,000 for loss or destruction of both feet at or above the ankle.
- ₱1,000 for loss or destruction of one hand at or above the wrist.
- ₱1,000 for loss or destruction of one foot at or above the ankle.
- ₱100 for the loss or destruction of every thumb or great toe.
- ₱80 for the loss or destruction of every finger or toe.
- ₱700 for injuries requiring hospitalization of at least 40 days; less for shorter hospital stays as determined by GSIS.
- ₱100 for injuries requiring at least 15 days of medical attention; lesser amounts for shorter durations as prescribed by GSIS rules.
Premium Payment and Government Responsibility
- The national government shall pay annual premiums to the GSIS:
- ₱15 for each barrio captain.
- ₱10 for each councilman, barrio treasurer, and barrio secretary.
- Non-payment or delay in premium payments does not invalidate insurance benefits.
Appropriations and Funding
- An initial appropriation of ₱2,850,000 is authorized for payment of annual premiums upon approval of the Act.
- Subsequent annual appropriations of the same amount or as needed must be included in the General Appropriations Act.
- Unused funds for premiums shall revert to the general fund.
- Certification by the Presidential Assistant on Community Development is required regarding the necessary premium amounts.
Amendment to the Act's Title
- The Act's title is amended to reflect coverage extension to barrio captains, councilmen, barrio treasurers, and barrio secretaries and appropriations for insurance premiums.
Effectivity
- The Act takes effect immediately upon its approval.