Cebu CFI Coop Tips: Know your investment insurance News & Articles
Have you ever wondered what the A/R Savings Ins, A/R Share Cap Ins, A/R Time Dep Ins. are when you check your Statement of Account?
Your Coop of First Instance will always have your welfare as a priority. And like other financial institutions, CFI makes sure that all your deposits are protected and safe while with us.
Thus, all investment accounts with the Coop, namely Savings Regular, Time Deposit, and Share Capital, are insured with an annual premium rate of 0.5% of the member’s total share/savings/time deposit per year.
And in case of death, this will ensure that the beneficiaries will receive not just the member’s capital share and/or savings deposits in the Coop, but also the coverage of the same amount (for up to a maximum of P300,000.00) insured from CLIMBS Insurance.
This can be paid monthly or as a whole. You can check it through your Statement of Account in your e-Services account.
You can pay it over the counter, online, or through any M.Lhuillier branch nationwide.
To know more about our services, visit our website at www.cficoop.com and follow our social media accounts on Instagram @cebucficoop.ph, Twitter @CebuCFICoopPH, and our Youtube Channel at CFI COOP.