I am a regular member of LTVTP-MPC, hereby agree to participate in the Health Aid Fund program under the following terms and conditions:
1. ELIGIBILITY AND PAYMENT
- I confirm that I am a regular member of LTVTP-MPC.
- I agree to pay Five Hundred Pesos (₱500.00) upon joining this program.
- I understand that there is a one-month contestability period before claims can be made.
- I acknowledge that the fund will be automatically renewed from the ICPR every distribution, regardless of the month of my membership.
2. COVERAGE AND CLAIMS
- I understand that this fund provides cash assistance in case of hospital confinement (except normal delivery), including Covid-19 and major or minor surgeries.
- I acknowledge that claims can be made once a year only, before the anniversary date of payment. Claims beyond this date will be forfeited.
- If no payment is made within the anniversary year and I am hospitalized, no claims shall be given.
3. CLAIM AMOUNTS
I understand that the claimable amount depends on my share capital:
For members with share capital of ₱20,000.00 and above:
- Confinement (at least 24 hours except normal delivery): ₱5,000.00
- Surgery (minor or major): ₱8,000.00
For members with share capital of ₱19,000.00 and below:
- Confinement (at least 24 hours except normal delivery): ₱2,500.00
- Surgery (minor or major): ₱4,000.00
If I avail of confinement assistance first and then require surgery within the same year, I will be entitled to claim the remaining ₱4,000.00 or ₱2,500.00 of my Health Aid Fund.
4. CLAIM REQUIREMENTS
I acknowledge that the following documents are required for claiming:
- Original Copy or Certified True Copy of Medical Certificate or Proof of billing
- Photocopy of Coop ID or any valid government-issued ID with three identical signatures
- Authorization Letter and valid government-issued ID (if unable to claim personally)
5. CLAIMS PROCEDURE
I understand the claims procedure as outlined in the Health Aid Fund policy.
6. MODIFICATION OF TERMS
I acknowledge that LTVTP-MPC reserves the right to amend or terminate this policy at any time.