List of Pag-IBIG Savings Withdrawal Requirements due to Termination from Service
PAG-IBIG SAVINGS WITHDRAWAL REQUIREMENTS – Here’s list of documents needed in withdrawing your savings due to termination from service.
One of the biggest government agencies in the Philippines with millions of members is the Pag-IBIG Fund. Its members are coming from different walks of life as it not exclusive to certain groups of people unlike the state-run social insurance agencies in the country.
In fact, there are fields in the country that require an updated membership to the Pag-IBIG Fund. Among these fields are the following:
- government employees with GSIS coverage
- employees in the private sector who are 60 years old and below and on permanent, temporary, or provisional status
- land-based overseas Filipino workers (OFWs)
- self-employed individuals earning at least P1,000 per month up to 60 years of age
- sea-based OFWs
- household helpers, gardeners, cooks, drivers, etc. with a salary of at least P1,000 per month
- uniformed personnel like members of the following:
- Armed Forces of the Philippines (AFP)
- Philippine National Police (PNP)
- Bureau of Fire Protection (BFP)
- Filipinos employed by foreign-based employers
The Pag-IBIG Fund is also open for voluntary memberships. Here are the fields where members usually opted for a voluntary membership to the government agency:
- non-working spouse of registered Pag-IBIG members
- pensioners, investors, and individuals with passive income
- religious group and leaders
- Filipino employees of foreign government or international organization
- public officials and employees without GSIS coverage
Members of the Pag-IBIG Fund submit a monthly contribution to the government agency to keep their accounts updated. This is one of the most important thing in the pursuit of qualification to the loans and services offered by the government agency.
The Pag-IBIG Fund is undeniably most popular for the Pag-IBIG Housing Loan 2023 offer. The said loan offer is open to finance several purposes including the any or a combination of the following:
- acquisition of residential property (vacant lot, house and lot, condominium unit, townhouse, apartment)
- house construction
- home renovation
- home loan take-out
If a Pag-IBIG Fund member needs a cash to be used in several ways or for reasons not linked to residential properties, he/she may apply for the Pag-IBIG Multi-Purpose Loan 2023 offer. The loan proceeds can be used to pay for the tuition fee, finance a special event, get the car repaired, make some minor home improvements, etc.
In times of natural disasters, the government agency has readied a Pag-IBIG Calamity Loan for the members living and working in areas struck by a calamity. Aside from the loans offered by the government agency, the member may also withdraw his/her savings when maturity takes place after 20 years of posting contributions.
Also, there are cases when the Pag-IBIG Fund allows the withdrawal of savings like when a member is terminated from service due to health reason. He/She as well as the family may be needing the savings.
Here are the Pag-IBIG Savings withdrawal requirements due to termination from service for health reason:
- 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)
To withdraw the savings due to termination from service by health reason, submit the Pag-IBIG savings withdrawal requirements to a branch of the Pag-IBIG Fund nearest to you.
