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MANILA, Philippines — Pre-need firm Danvil Plans Inc. has paid out more than P1.62 billion in claims to over 17,000 planholders following the formal closure of its liquidation proceedings last March.
According to the Insurance Commission (IC), Danvil has released P1.62 billion covering 17,274 claims during the liquidation process, as well as 15 additional claims after the formal closure of the proceedings on March 6, 2026.
The regulator, however, said that 7,681 planholders have yet to claim their checks, with Danvil currently sending notices to the remaining claimants to facilitate the release of payments.
READ: Insurance Commission declares end of Danvil Plan’s liquidation process
