GSIS to provide fire insurance for 132,000 public schools
FILE PHOTO: CLEANUP TASK A teacher cleans a classroom at Ambrosio Robles Elementary School in Noveleta, Cavite, as floodwaters triggered by heavy rains dumped by Severe Tropical Storm “Paeng” start to recede on Monday. Full in-person classes in the country’s public schools will resume on Nov. 2. —MARIANNE BERMUDEZ
MANILA, Philippines — The Government Service Insurance System (GSIS) said on Wednesday that it will provide fire insurance for 132,000 public schools under the Department of Education (DepEd).
The one-year insurance will cover the schools against fire, lightning, and natural disasters starting January 1, 2024.
The GSIS said that all in all, the total insurance is worth P843.11 billion.
“With the rising frequency of natural calamities, protecting public school buildings becomes a priority of the government. Our partnership with DepEd is a step towards ensuring financial resilience in support of its MATATAG agenda,” GSIS President and General Manager Wick Veloso said.
The GSIS likewise added that it has provided a personal accident insurance coverage for DepEd personnel.
Article continues after this advertisement“We are committed to look after the well-being of our DepEd members by providing them with strong insurance protection,” Veloso added.
