After the  long uneasy silence of the Insurance Commission (IC), comes a breath of hope for many Danvil (formerly Family First) policy holders. The latest on the Danvil Claims Update comes in the form of a notice coming from the Atty. Rony D. Togonon, the IC-Designated Liquidator for Danvil Plans, Inc.  The notice dated January 5,2016  is saying that the first batch of payments are about to be processed.

 

danvil claims

source: insurance.gov.ph

Good News

Good news first. The Insurance Commission has finally approved the payment of claims of Danvil planholders whose plans matured on or before October 10, 2013. Another notice will be published as soon as the checks are ready for release. The said notice will provide for the manner in which the distribution is to be made plus the other developments with regards to Danvil claims.

Bad News

And now for the bad news. The other planholders not covered by the designated cut-off date will have to stew a while longer. The same notice states that all others will be included in the second batch of release. When that would be, your guess is as good as mine.

What Can the Planholders Expect?

As of this time, it is not clear what amount claimants can expect to get after the long wait. Is it the amount actually invested or will it come with interest? The notice is silent with regards to this question. Hopefully this will be cleared out in the next notices that IC will be coming out with.

My Say

I have to admit that hopelessness within me about my Danvil claim started to creep in when the year 2015 closed without hearing any news from the Insurance Commission. This notice is certainly most welcome. Will it be too much to ask to expedite the rest of the procedure from hereon to allay the fears of many that the funds may not be enough to pay all claimants?

See related post here

Latest Update: First Batch of Payment

As per notice dated January 21, 2016, payment for the first batch will start on January 26, 2016 at the Danvil office located at 2nd Flr. PPSTA Bldg. 1 Quezon Avenue cor. Banawe Street, Quezon City. Planholders claiming their checks must bring the original copies of the Policy Face Page, Contract Provision, Certificate of Full Payment, plus 2 government-issued IDs. Planholders included in the 2nd batch should wait for further announcements.

To see the complete list. go here.

danvil-1st batch payment

Update for Danvil Claims Batch 2 here