COLLEGE ASSURANCE PLAN PHILS, INC.

SUPREME COURT UPHOLDS CAPPI REVISED REHABILITATION PLAN AND REFERS CASE TO THE REHABILITATION (RTC MAKATI BRANCH 148)

The Supreme Court has lifted the Temporary Restraining Order on the Revised Rehabilitation Plan of College Assurance Plan Philippines, Inc. (CAPPI) and remanded the case to the Rehabilitation Court (RTC Makati Branch 148) for its supervision over the implementation of such Plan. This would necessarily include updating and scheduling of benefits payments after the legal challenge of the Insurance Commission and the Securities and Exchange Commission has been resolved in CAPPIs favor.

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CAPPI is to continue paying its planholders at least fifty percent (50%) of the gross contract prices of their respective plans within ten (10) years, and even more thereafter as more funds are generated.

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To achieve this, CAPPI is allowed to generate income from its existing real properties all over the Philippines by entering into joint-venture agreements with property developers for the development and/or lease of said assets. CAPPI will also generate income through the sale of its other assets and from its existing investments.

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By utilizing and maximizing the revenue potential of these existing assets, CAPPI expects to grow the value of said assets by PhP6 Billion in ten (10) years, and generate almost PhP6 Billion in the following fifteen (15) years.

About

To implement the 2012 Revised Rehabilitation Plan in an orderly and equitable manner, CAPPI will indicate in its website, www.capphil.com, the dates when the checks will be available, the CAPPI Servicing Office which will release said checks, as well as the requirements and procedure for the release of the first partial payments to CAPPI planholders.

NCR REGION

Inquiries

For inquiries, CAPPI planholders may visit the following CAPPI Servicing Offices, and present copies of their Certificate of Full Payment (“CFP):
LUZON

Service Office

Makati head office (for all plans regardless of the place of purchase), San Fernando La Union (for plans purchased in Region I), Tuguegarao (for plans purchased in Region II), Angeles City (for plans purchased in Region III), Batangas City (for plans purchased in Region IV)
VISAYAS

Regional Service Office

Lucena City (for plans purchased in Region V), Iloilo City (for plans purchased in Region VI exept Bacolod City), Bacolod City (for plans purchased in Bacolod City), Cebu City (for plans purchased in Region VII), Tacloban City (for plans purchased in Region VIII).
MINDANAO

Other Service Office

Zamboanga City (for plans purchased in Region IX), Cagayan De Oro City (for plans purchased in Region X), Davao City (for plans purchased in Region XI), and General Santos City (for plans purchased in Region XII).
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