Professional Documents
Culture Documents
Department of Finance
INSURANCB COMMISSION
1071 United Nations Avenue
I\Aanila
Ct't)-11
Date:
5 Jaauar:r
Suoersedes:
None
2015
CIRCULAR LETTER
: ALL INSURANCE
TO
CONCERNED
SUBEJCT
Republic Act No. 9994, otherwise known as the "Expanded Senior Citizens Act of
2010", and its lmplementing Rules and Regulations is the enabling law which
granted certain privileges to Senior Citizens or the Elderly.
One of the privileges granted to Senior Citizens under Section 41 of the Expanded
Senior Citizens Rtt of 2010 is the Twenty Percent (20o/o) discount on the sale of
goods and services specifically enumerated in the said law which does not include
It is also noted that the National lnter-Agency Coordinating and Monitoring Board
(NCMB), a government agency attached to the Department of Social Welfare and
bevelopment (DSWD) tasked with the implementation and monitoring of the
Expanded Senior Citizens Act, has not issued any guideline ordering the applicability
Ssid
(l)
on the
folNing:
snior cilizen:
purcha* of medbines, ircluding the purchase of infueEa and pn@mococl vaeines. and such other e$edid medcal supPli6, accesdies and equipment to
be
detemhed
by
itE
marsiN:
(2) on the p.ofGsional fees of atending physiciads in all private hospitals,
Uissed
by the DOH.
Transil (LRT),
(6) in
atuattsa@datbn fare for &mdic ai transpofr srvbes ad sea shiping ves*b ad the like. baed
Head
by
r*umds
and recreation
on the
ceilsi
theate6, cinema houes and conced halls, circuses, leisure and amusement: and
sior ctzens;
office: po. Box 358g Manila FAX No.522-14-34 Tel. Nos. 523-84-61 to 70 Website: rvww.insurance.gov.ph
Thus, unless the payment of premiums for insurance policies is included in the law,
the Twenty Percent (2OVo) Senior Citizen Discount is not applicable in the payment
of premium for insurance policies.
For your information and guidance.