BAWAT MIYEMBRO MILYONARYO (BMM)
A long-term savings program that grows your deposit investment to million pesos after 15 years of continuous monthly contributions
BMM PLANS
All BMM plans include a life insurance benefit amounting to ₱500,000 for 5-65 years old and ₱500,000 for 66-70 years old members.
FREQUENTLY ASKED QUESTIONS
All AMWSLAI members who are still in the active service including their dependents (spouse and children only) aged 5 to 65 years old.
Members can choose from automatic payroll deduction, post-dated cheques, online via RCBC, M Lhuillier and over the counter payment to any AMWSLAI offices nationwide.
Yes, but the applicable pre-termination interest rate shall apply – 1% per annum within the 1st half of the term and 2% per annum for the remaining 2nd half of the term. There is also 75 pesos termination fee.
Yes. Personal appearance of the member depositor is required.
Member depositor shall receive the maturity value thirty days after the last payment of the monthly contribution. If there is/are BMM Loan/s and other past due loans, their balances shall be deducted from the maturity value.
Please refer to BMM Loan.
Legal heirs of the account holder shall receive the proceeds of the BMM account to be divided in accordance to the Civil Code provisions on succession.
