Initial Policy for DCS Tabangfund
- Only the DCS member is the beneficiary
- Beneficiary/Member can avail the funds once the hospitalization bill will reach to morethan Php 5,000.00.The amount will depend on the total number of active members.
- The Beneficiary/Member can claim the hospitalization benefits once a year only.
- Beneficiary/Member can avail the funds if the member died, the amount will depend on the number of active members
- Incase of Death benefits. If the member has the debt. The amount to be claim must be deducted first, then only the balance will be given to the claimant of the beneficiary.
- Each member will contribute Php 100.00 in every claim of the beneficiary and it will be deducted automatic from each member funds.
- Each member should maintain the balance of Php 100.00, otherwise if the Tabangfund account is zero, he/she is not entitled to claim for the Tabangfund benefits.