FREQUENTLY ASKED QUESTIONS
I. MEMBERSHIP
If you are a member of the Armed Forces of the Philippines and Philippine National Police, you can apply for AMWSLAI membership. Dependents of any regular or honorary AMWSLAI member up to the second degree of consanguinity or affinity may also be accepted.
Visit the membership page for full details.
For active AFP and PNP personnel:
- Latest Military ID
- 1 Government issued ID
- 2×2 ID picture in uniform
For AFP and PNP Retirees:
- Latest Retirement ID
- 1 Government issued ID
- 2×2 ID picture in uniform
- Retirement Order
Specifc requirements shall be required for widow/widower and dependents. Visit this link for details
An AMWSLAI member has the privilege to avail and enjoy various savings, loan, and welfare products and services, which are designed to support and enhance financial security.
Both honorary and regular members have the same privilege to avail and enjoy various savings, loan, or welfare products and services of AMWSLAI, which are designed to support and enhance their financial planning endeavors.
The key distinction between the two membership types lies in the voting rights. While regular members have the privilege to vote for the Board of Trustees, honorary members do not share this right. This ensures that regular members have a voice in AMWSLAI governance processes.
AMWSLAI accepts dependents of both regular and honorary members up to the second degree of affinity and consanguinity.
Consanguinity refers to the relationship between individuals who share a common ancestor through blood. It describes the connections between relatives who are biologically related. The degree of consanguinity depends on how closely two people are related. First-degree relatives include parents and children, while second-degree relatives include grandparents, grandchildren and siblings.
Affinity, on the other hand, is the relationship that arises from marriage. It does not involve a biological connection but rather a legal or social bond that unites two people and their families. Spouses, for example, are considered first-degree relatives by affinity, while second-degree relatives by affinity include parents-in-law and siblings-in-law.
By accepting dependents of regular and honorary members up to the second degree of affinity and consanguinity, AMWSLAI extends its membership benefits and services to a broader network of family members, ensuring that these advantages reach and support a wider circle of individuals connected to the primary members.
For detailed information on whether a relative is eligible to become an AMWSLAI member, visit any AMWSLAI office in our AMWSLAI Directory. You may also contact us on our social media or send us a message through this contact form.
Members can update their membership information by visiting our offices nationwide. AMWSLAI Office directory can be found here. AMWSLAI Directory Link
II. Deposit Products
Capital Contribution
₱10,000 is the maximum allowable deposit amount for each capital contribution account per month
As mandated by the Bangko Sentral ng Pilipinas, AMWSLAI declares and disburses annual dividends after each calendar year.
Members can claim their dividends at any AMWSLAI branch upon declaration of dividend distribution at the end of each calendar year. Members can also opt to receive their dividends via RCBC and other nominated bank accounts electronically through InstaCredit Facility (ICF). All members who opt to claim their dividend thru ICF cashless payout may withdraw thru their nominated ATM Account upon announcement of dividend distribution. Members with nominated non-RCBC account must wait for 3-5 banking days for their dividend to be credited to give time for AMWSLAI’s depository bank to validate their account.
No. Each capital contribution shall consist of a fixed and buffer component, as defined hereunder:
Fixed capital contributions – shall be an amount equal to Php1,000 or 10% of the Capital Contribution (CC) deposit, whichever is higher. This CC deposit must be maintained and once increased and recorded, cannot be reduced for the duration of membership except upon termination of membership.
Capital contribution buffer – refers to the capital contributions in excess of the fixed capital contribution. The withdrawable amount is the unencumbered portion of the member’s CC deposit.
Bawat Miyembro Milyonaryo
All AMWSLAI members who are still in the active service including their dependents (spouse and children only) aged 5 to 65 years old.
Please refer to BMM Loan.
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.
Yes. Personal appearance of the member depositor is required.
Special Savings Deposit
Each SSD account shall be evidenced by an SSD Deposit Certificate.
The maximum deposit is P5 Million per SSD account.
The deposit interest rate is computed based on the maturity value of the SSD account.
The interest rate of your earnings shall be recomputed at 1% per annum from the date of placement up to the date of full-withdrawal or pre-termination.
There is a lock-in period so partial withdrawal is not allowed. You may opt to pre-terminate your account and get a lower interest rate or you can apply for an SSD loan.
Please refer to SSD Loan.
Yes. You are required to appear in person during your SSD account pre-termination or when claiming the maturity value of your SSD account.
III. Loan Products
For complete list of requirements, please click here.
The initial loan charges includes the following:
- Credit Redemption Insurance premium. Credit Redemption Insurance varies depending on the age of the borrower.
- Documentary Stamp Tax (DST): Php1.50 for every Php200.00 of principal amount of loan. Loans not exceeding Two Hundred Fifty Thousand Pesos (Php250,000.00) are not subject to DST.
The Credit Redemption Insurance or CRI is a credit insurance policy that pays off a borrower’s loan in the event the borrower dies before repaying the debt in full. All filed claims are subject to insurance validation and evaluation based on the Credit Life Insurance Policy. Proceeds of the CRI shall be applied to the member’s outstanding loan/s; any excess, if any, shall be paid to his declared legal beneficiaries..
IV. Welfare Programs
New loan applicants are required to pay the non-refundable enrollment fee of two hundred pesos (Php200.00) plus three months advance payment of Three Hundred Pesos (Php300.00) and a monthly premium of one hundred pesos (Php100.00) for the BMP.
The member or his/her beneficiary may visit any AMWSLAI branch and submit the required documents for BMP claim.
- BMP Certificate/Policy;
- If confined in a government and military hospitals, photocopy of nurses’ progress notes;
- Medical Certificate;
- Duly accomplished Malayan ICU Plus Claims Form;
- Duly accomplished Malayan Certification Form;
- If confined in a private hospital, photocopy of detailed billing statement or statement of account.
A non-refundable and non-withdrawable membership fee of P200.00 and a monthly contribution of P50.00 for 240 months are required to become eligible to MBF benefits.
The legal beneficiary of the deceased member enrolled in the MBF program may visit any AMWSLAI branch and submit the required documents for MBF claims.
- Original PSA or Original Certified True Copy of Death Certificate from Local Civil Registry (LCR)
- Original PSA Birth Certificate of Deceased Member
- Medical Records of the deceased member (Medical Certificate, Clinical Abstract, if confined)
- Investigation/Spot Report Radio Message, Autopsy (if killed in action)
- Photocopy of Identification Card (ID) of the deceased member
- Original PSA Marriage Contract (if married)
- Original PSA CENOMAR / Advisory of Marriage of Deceased
- Birth Certificates of Children (if any)
- Identification Cards (ID) of Children (if any)
- Fortune Life Claimant and Attending Physician Form
- Two (2) government issued IDs
- Waiver of claim
- disbursement voucher.
