OIC Cooperative Membership

1COOP Amended
Premium Plan

A comprehensive benefit plan designed to protect and empower every OIC cooperative member and their family.

View Plan Benefits

What is the 1COOP Premium Plan?

An amended cooperative benefit program for OIC members.

The 1COOP Amended Premium Plan is OIC’s flagship cooperative insurance and benefit program — designed to give every qualifying member access to meaningful financial protection without barriers.

As an OIC cooperative member, this plan ensures you and your dependents are covered across a wide range of life events, from health emergencies to death benefits, providing real security when it matters most.

The plan has been amended and improved to provide broader coverage, simpler contribution terms, and enhanced member benefits aligned with OIC’s commitment to cooperative solidarity.

Comprehensive Member Protection

Coverage designed for real-life needs — health, life, and family protection bundled into one accessible cooperative plan.

Amended for Greater Access

The amended plan lowers barriers to entry and expands coverage so more OIC members can benefit from cooperative protection.

Plan Benefits

Core protections included under the 1COOP Amended Premium Plan.

Death Benefit

Financial assistance provided to the member’s designated beneficiaries in the event of death — ensuring the family is not burdened during a difficult time.

Core Benefit

Hospitalization Benefit

Cash assistance for qualified members who are confined to a hospital due to illness or injury, helping cover medical and incidental expenses.

Health Coverage

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Accident Benefit

Coverage for accidental injury resulting in disability or death, providing additional protection beyond standard life coverage for unforeseen events.

Accident Protection

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Burial Assistance

Immediate financial support provided to the family to help cover funeral and burial costs, relieving the financial burden at the time of death.

Immediate Assistance

Dependent Coverage

Qualified dependents of the member — including spouse and children — may be included in coverage, extending the protection to the whole family.

Family Benefit

Maternity Assistance

Cash assistance to qualified female members for normal delivery, caesarean section, or miscarriage — supporting mothers during and after pregnancy.

Maternal Support

Premium Contribution Schedule

Annual premium rates based on member age bracket under the amended plan.

Age Bracket Annual Premium Death Benefit Hosp. Benefit / Day Accident Benefit
18 – 39 ₱ 360 ₱ 20,000 ₱ 300 ₱ 20,000
40 – 49 ₱ 480 ₱ 20,000 ₱ 300 ₱ 20,000
50 – 59 ₱ 600 ₱ 20,000 ₱ 300 ₱ 20,000
60 – 65 ₱ 840 ₱ 20,000 ₱ 300 ₱ 20,000
66 – 70
No accident benefit		 ₱ 1,200 ₱ 20,000 ₱ 300 ✗ Not Covered

ℹ️ Note: Premium rates are subject to change upon amendment. Members are encouraged to verify current rates with their OIC chapter. Hospitalization benefit applies per day of confinement, subject to a maximum number of days per year as stipulated in the plan.

Eligibility & Enrollment

Who can join and how to get started with the 1COOP Premium Plan.

Who is Eligible?

The 1COOP Amended Premium Plan is open to:

  • All regular and full-fledged OIC members in good standing
  • Members aged 18 to 70 years old at the time of enrollment
  • Members who have completed their OIC cooperative membership requirements
  • Qualified dependents (spouse, children under 21) of enrolled members

Important: Members must be in active good standing with their primary cooperative. Lapsed or suspended memberships must be reinstated before enrollment.

How to Enroll

1Confirm Membership — Verify your active OIC member status with your cooperative chapter.

2Fill Out the Form — Complete the 1COOP Premium Plan enrollment form from your OIC chapter office.

3Pay Your Premium — Submit the applicable annual premium based on your age bracket.

4Receive Your Policy — Get your certificate of coverage and begin enjoying your 1COOP benefits.

Frequently Asked Questions

Common questions about the 1COOP Amended Premium Plan.

Who can enroll in the 1COOP Premium Plan?
All regular and full-fledged OIC cooperative members in good standing, aged 18 to 70 years old, are eligible to enroll. Dependents (spouse and children under 21) of enrolled members may also be included depending on the plan tier.
What is covered under the hospitalization benefit?
Qualified members who are confined to an accredited hospital for illness or injury are entitled to a daily cash hospitalization allowance of ₱300 per day, subject to a maximum number of confinement days per year as stated in the plan terms.
Can I enroll my spouse and children?
Yes. The plan allows for dependent coverage for a qualified spouse and unmarried children below 21 years of age. Separate premium contributions apply for each enrolled dependent, based on their age bracket.
What happens if I miss a premium payment?
Failure to pay the annual premium on time may result in a lapse in coverage. Members should contact their OIC chapter for reinstatement procedures and applicable grace period policies.
How do I file a claim?
Claims must be filed through your local OIC cooperative chapter with the required supporting documents (hospital records, death certificate, etc.) within the period specified in the plan. Your chapter administrator will assist you through the process.
Is this plan different from the OIC Pre-Need Life Plan?
Yes. The 1COOP Amended Premium Plan is a broader cooperative insurance plan covering multiple benefit types (death, hospitalization, accident, maternity), while the OIC Pre-Need Life Plan specifically focuses on life coverage linked to membership status and a contribution subsidy. Members may enroll in both plans.

Join the 1COOP Premium Plan Today

Protect yourself and your family with the power of cooperative solidarity. Talk to your OIC chapter representative to get enrolled.

Enroll Now