Section 1. Subject to such terms and conditions that may be agreed upon by the Government Service Insurance System or other insurance firms and the Chief of Staff, Armed Forces of the Philippines, including the rates of the insurance, premiums, fifty percent (50%) of which shall be paid by each member of the Armed Forces of the Philippines and fifty percent (50%) by the Government as its counterpart premium contribution, and approved by the Secretary of National Defense, each member of the Armed Forces of the Philippines in the active, including cadets of Philippine Military Academy and the Philippine Air Force Flying School, probationary officers, trainees and draftees, shall be insured under an annual special group term coverage program, renewable annually thereafter, in an amount not exceeding P6,000.00 per member, in addition to the compulsory insurance for members of the Armed Forces of the Philippines by the Government Service Insurance System as provided by existing law.
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Presidential Decree No. 352
Presidential Decree No. 352
NOW, THEREFORE, I, FERDINAND E. MARCOS, President of the Philippines, by virtue of the powers in me vested by the Constitution as Commander-in-Chief of the Armed Forces of the Philippines, and pursuant to Proclamation No. 1081, dated September 21, 1972, and General Order No. 1, dated September 22, 1972, as amended, do hereby order and decree that:
Section 2. Such amounts as may be necessary for the government's counterpart as herein provided are hereby appropriated out of funds in the National Treasury not otherwise appropriated; thereafter, such sums as may be required for the purpose shall be included in the annual appropriations of the Armed Forces of the Philippines.
This Decree shall take effect immediately.
DONE in the City of Manila, this 22nd day of December, in the year of our Lord, nineteen hundred and seventy-three.