The Group funeral scheme provides discounted funeral covers to BOPEU members. The scheme is underwritten by Metropolitan Life.
Subscription fee for membership is 1% of Basic salary. (Capped from P 39.90 to P100.00) compulsory funeral cover @ P 39.50(42.50 for premium weiver) for member and immediate family (spouse and children below 21 years) with a 12-months premium waiver.
Benefit for member and spouse is P60 000 and 0-6 years including still born @ P15000.00, 7-15 years @ P30 000 and 16- 21 years @ P60 000, for children 21 years and below.
COMPULSORY FUNERAL COVER FOR CHILDREN AT NO ADDITIONAL COST
| Age | 0 – 6 YEARS | 7 – 15 YEARS | 16 – 21 YEARS |
| BENEFIT | P15,000.00 | P30,000.00 | P60,000.00 |
CHILDREN OVER 21 YEARS COVER
| COVER | P30,000.00 | P40,000.00 | P50,000.00 |
| PREMIUM PER CHILD | P5.40 | P7.20 | P9.00 |
| PREMIUM PER CHILD(PW) | P5.80 | P7.75 | P9.70 |
CHILDREN OVER 35 YEARS ARE TO BE COVERED UNDER EXTENDED FAMILY
Provides optional cover for parents and extended family members.
OPTIONAL PARENTS COVER
| COVER | P10,000 | P15,000 | P20,000 | P25,000 | P40,000 | P50,000 |
| PREMIUM PER PARENT | P23.00 | P34.50 | P46.00 | P57.50 | P92.00 | P115.00 |
| PREMIUM PER PARENT(PW) | P24.70 | P37.00 | P49.50 | P61.80 | P98.90 | P123.60 |
OPTIONAL EXTENDED FAMILY COVER
| COVER | P5,000 | P7,500 | P10,000 | P15,000 | P20,000 | P30,000 | P40,000 | P50,000 |
| PREMIUMS PER EXTENDED FAMILY MEMBER | P4.50 | P6.75 | P9.00 | P13.50 | P18.00 | P27.00 | P38.00 | P45.00 |
| PREMIUM PER EXTENDED FAMILY MEMBER(PW) | P4.85 | P7.25 | P9.70 | P14.50 | P19.35 | P29.00 | P38.70 | P48.40 |