List of Requirements for Pag-IBIG Withdrawal of Savings due to Termination from Service by Health Reason
REQUIREMENTS FOR PAG-IBIG WITHDRAWAL OF SAVINGS– Here are the documents that a member must submit to get his/her savings due to termination from service by health reason.
Countless Filipinos are Pag-IBIG Fund members. Most of these individuals are employed either in the government or the private sector in the Philippines. There are also a lot of self-employed individuals who manage an updated membership to the government agency.
Every month, the Fund members submit a contribution called the “monthly savings” based on the Pag-IBIG Contribution Table 2023 set by the government agency. An updated account may qualify a member to the loans and services offered by the Fund.
Also, the accumulated Pag-IBIG savings can be a turn-to in times of need. It can be withdrawn by the member when it reaches the optional 20-year maturity or when certain incidents take place.
Before discussing about the requirements for Pag-IBIG withdrawal of savings, let us first recall the membership to the Fund. The following situations often require a mandatory membership to the government agency:
- employees in the private sector who are 60 years old and below and on permanent, temporary, or provisional status
- government employees with GSIS coverage
- self-employed individuals earning at least P1,000 per month up to 60 years of age
- land-based overseas Filipino workers (OFWs)
- sea-based OFWs
- household helpers, gardeners, cooks, drivers, etc. with a salary of at least P1,000 per month
- Filipinos employed by foreign-based employers
- uniformed personnel like members of the Armed Forces of the Philippines (AFP), Philippine National Police (PNP), and Bureau of Fire Protection (BFP)
The Pag-IBIG Fund is also open for voluntary memberships. Here are the common cases of voluntary memberships:
- non-working spouse of registered members of the Pag-IBIG Fund
- religious group and leaders
- public officials and employees without GSIS coverage
- pensioners, investors, and individuals with passive income
- Filipino employees of foreign government or international organization
The Pag-IBIG Fund who have updated accounts may qualify to the Pag-IBIG loans offered for members: Here’s a list of the three (3) main offers of the Fund:
As mentioned above, a member may withdraw his/her savings under certain provisions. One of the cases is when termination from work due to health reasons take place. Here are the requirements for Pag-IBIG withdrawal of savings in this case:
- Application for Provident Benefits (APB) Claim (1 Original)
- Pag-IBIG Loyalty Card/Loyalty Card Plus or one (1) valid ID of the member (1 Photocopy)
- Physician’s Certificate/Statement (With Clinical or Medical Abstract) (1 Original)
- SSS Employment History (as applicable) (1 Photocopy)
Visit a branch of the Pag-IBIG Fund and submit the requirements for Pag-IBIG withdrawal of savings to Pag-IBIG Fund due to termination from service by health reason. Bring all the original documents as the Fund requires their presentation.