Loyola paid P82M to plan holders since April

LOYOLA Plans Consolidated Inc. said it already paid a total of P82 million to its plan holders and will settle the remaining claims on a “first in-first out” basis, the Insurance Commission (IC) said on Monday.

In a statement, the commission said that acting upon the directive of Insurance Commissioner Emmanuel Dooc, Loyola Plans submitted a detailed action plan with a specific timeline relative to the payment of the unsettled outstanding claims of Loyola plan holders.