15 Questions
What is the purpose of social security?
To protect the individual and his family against the consequences of income interruption.
Name two types of social security institutions in the country.
GSIS (Government Service Insurance System) and SSS (Social Security System).
What are the forerunners of social insurance mentioned in the text?
Monasteries, religious orders, funeral and sickness-benefit societies.
Which country compelled employers to contribute to worker's provident funds in the 16th century?
Germany.
What is the primary objective of life insurance benefits?
To provide financial protection to beneficiaries in case of the insured's death.
GSIS provides ______ loans to its members.
salary
Members can avail of ______ loans from GSIS to finance their education.
educational
The ______ pay later plan is offered by GSIS to its members.
Fly-PAL
GSIS membership is for ______ once a member is admitted.
life
______ members can also join GSIS and avail of its benefits.
Self-employed
GSIS provides ______ loans to its members for housing or real estate purposes.
service
To be eligible for permanent disability benefits, a member must have paid at least ______ monthly contributions.
180
GSIS offers ______ insurance policies to its members.
non-compulsory
A member must have at least ______ years of service to be eligible for retirement benefits.
fifteen
The minimum age for a member to receive old age pension is ______ years.
sixty
Learn about survivorship benefits, funeral benefits, and sickness benefits under a social security system. Understand the components of survivorship pension and funeral benefit amounts. Explore the benefits available to members and pensioners in times of death and illness.
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