Policies

Mutual Aid Fund Agreement

I am a regular member of LTVTP-MPC and hereby agree to participate in the Mutual Aid Fund program under the following terms and conditions:

I am a regular member of LTVTP-MPC and hereby agree to participate in the Mutual 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 One Thousand Pesos (₱1,000.00) upon joining this program.
  • I understand that there is a one-month contestability period before claims can be made.

2. RENEWAL AND FORFEITURE

  • I acknowledge that the Mutual Aid Fund will be automatically renewed from the ICPR every distribution, regardless of my month of membership.
  • I understand that if no payment is made within the anniversary year and I die, no claims shall be given.
  • Claims must be made before the anniversary of payment ends; beyond this, they will be forfeited.

3. CLAIM AMOUNTS

I understand that the claimable amount depends on my share capital and years of membership:

For members with minimum share capital of ₱20,000.00 and above:

  • 10 years and above membership: ₱120,000.00
  • 5 to 9 years membership: ₱80,000.00
  • 4 years and below membership: ₱60,000.00

For members with share capital below ₱20,000.00:

  • ₱30,000.00 claimable amount regardless of years of membership.

4. CLAIM REQUIREMENTS

I acknowledge that the following documents are required for claiming:

  • Original or Certified True Copy of Death Certificate
  • Photocopy of Proof of Beneficiary (Birth Certificate, Marriage Certificate)
  • Photocopy with three identical signatures of Coop ID or valid government-issued ID
  • Attending Physician Statement (for hospital death or members with loan)
  • Barangay Certification (for home death)
  • Loan Ledger (for members with loan)
  • Claimant’s Statement
  • All passbooks of the member must be surrendered

5. CLAIMS PROCEDURE

I understand the claims procedure as outlined in the Mutual Aid Fund policy.

6. MODIFICATION OF TERMS

I acknowledge that LTVTP-MPC reserves the right to modify the terms of this Mutual Aid Fund, and that I will be notified of any changes.

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