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Explained: PDIC and How It Works
At some point, I’m sure you’ve seen the acronym “PDIC” and “PHP500,000” together somewhere, especially if you’re constantly in digital banking apps or physical branches up and about. In the world of finance, understanding mechanisms that safeguard your hard-earned money is of utmost importance. One key player in this domain is the Philippine Deposit Insurance […].....»»
PDIC studying increase in bank deposit protection limit
The Philippine Deposit Insurance Corp said that it is conducting a study to determine if the current protection limit of P500,000 should be increased along with the introduction of other measures to “instill market discipline”......»»
Coin deposit machines log P577 million transactions
The value of transactions through the coin deposit machines deployed by the the Bangko Sentral ng Pilipinas is close to reaching the P600-million mark, as more and more Filipinos use the machines to deposit their idle coins......»»
PDIC extends loan incentive program for closed bank borrowers
PDIC extends loan incentive program for closed bank borrowers.....»»
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility
PDIC now accepts digital payments through Land Bank of the Philippines’ Link.BizPortal facility.....»»
GSIS non-life insurance premiums hit record high P9.8 billion in 2023
State-run pension fund Government Service Insurance System saw its collection of non-life insurance premiums rise to an all-time high of P9.8 billion in 2023......»»
DBM releases P900 million crop insurance funding
To cover the crop insurance premium of subsistence farmers and fisherfolk in the country, the Department of Budget and Management has released P4.5 billion and its corresponding Notice of Cash Allocation for the 1st Quarter of the year in the amount of P900 million to the Philippine Crop Insurance Corp......»»
La cote de l Afrique de l Ouest etait un paradis pour la piraterie et la pche illegale : comment la technologie change la donne
Le golfe de Guinee - une region cotire qui s'etend du Senegal l'Angola - est dote de vastes reserves d'hydrocarbures, de mineraux et de ressources halieutiques. Il s'agit egalement d'une voie importante pour le commerce international, ce qui le rend essentiel au developpement des pays de la region.Cependant, pendant longtemps, les pays du golfe de Guinee n'ont pas s.....»»
VP Sara pays tribute to SAF 44
VP Sara pays tribute to SAF 44.....»»
Transactions in coin deposit machines near P400 million
More and more Filipinos are using the coin deposit machines deployed by the Bangko Sentral ng Pilipinas in major malls across the metropolis as part of its coin recirculation program......»»
Clark Aurora Festival partners with FWD to provide insurance to attendees
Aurora Music Festival Clark 2024 announced that FWD Life Insurance as its official partner providing insurance to its attendees......»»
Insurance commission OKs doubling of vehicular accident indemnity claims
The Insurance Commission has doubled the indemnity claims for vehicular accident victims as part of government efforts to improve overall insurance coverage in the country......»»
Why Insurance is Gonna be a Lifesaver for You
Ever stopped to think about how you’d handle life’s unexpected twists – health scares, accidents, or sudden home hassles? Well, that’s where insurance swoops in – your trusty sidekick for keeping your money secure. 1. Financial Safety Blanket Life can throw curveballs, right? Well, insurance is like wrapping yourself in a snug blanket. It’s there […].....»»
DBM releases P4.5 billion for crop insurance
The Department of Budget and Management has released P4.5 billion to cover the crop insurance premium of some 2.3 million farmers in the country......»»
Microinsurance premiums up 20 percent
Insurance contributions from low-income Filipinos amounted to P10.2 billion from January to September 2023, up by nearly 20 percent from P8.49 billion in the same period a year ago, according to the Insurance Commission......»»
Government raises P330 million from asset disposals in 2023
The Philippine Deposit Insurance Corp. raised some P330 million from disposing assets of padlocked banks last year......»»
P115 million worth of properties up for auction
State-run Philippine Deposit Insurance Corp. is set to dispose P115.1 million worth of various properties of padlocked banks......»»
Insurance penetration rate slips further to 1.6 percent
The insurance industry saw its net income rise to P48 billion last year, but its contribution to the overall economy slipped further for the second straight year to only 1.6 percent......»»
GSIS income surges to P113 billion in 2023
The earnings of state-run Government Service Insurance System jumped by 70 percent to P113.3 billion in 2023 from P66.4 billion in 2022 on the back of strong revenues from financial assets and investments......»»
World Bank pushes new agri insurance products
The Philippines needs to come up with new and better agricultural insurance products to help farmers cope with natural disasters, according to the World Bank......»»