1. Non-Bank Financial Institutions (NBFI)

2. These are other financial institutions which engage in specific functions. They provide services related to claims, financial information and advice, manage portfolios of financial assets on behalf of other economic units, buy and sell claims on institutions from clients, and assist in finding sources for those economic units seeking loans.

3. Private Non-Bank Institutions
Investment House/Bank
Any enterprise which engages in the underwriting of securities of other corporations.
Underwriting is the act or process of guaranteeing the distribution of securities of any kind issued by another corporation.
Securities Brokers/Dealers
“Broker” is a person engaged in the business of buying and
selling securities for the account of others.
“Dealer” means any person who buys and sells securities for his/her own account in the ordinary course of business.
(Securities Regulation Code of the Philippines)

4. Private Non-Bank Institutions
Building and Loan Associations
Special type of savings institution.
Its purpose is to accumulate savings and profits upon surrender or stockholder shares; to encourage industry, frugality, and home building among its stockholders; and to loan its funds.
HomeCredit Mutual Building & Loan Association is a wholly owned subsidiary of The Insular Life Assurance Co., Ltd.

7. Credit Unions Savings institution
Its purpose is the inculcation of the habit of thrift, frugality, and the idea of helping one another.
A credit union almost approximates a building and loan association in the payment of membership fees. Together with the membership fee, the member pays the fixed deposit which serves as his share of the credit union’s capital. The loans granted by a credit union are in cash and used to finance provident and other members’ needs.
Besides the fixed deposit which can only be withdrawn upon separation from the union and which earns dividends, there is also the savings deposit which a member must put in regularly.

8. Private Insurance Companies
Contribute to the country’s socio-economic development as well as to the insured.

9. Pawnshops
Provide credit to small borrowers who are not qualified to obtain small loans from other financial institutions.
Cost of borrowing and terms of payment are generally fair making it as one of the components of the country’s financial system that plays a vital role in socio-economic development.
Compared with banks, pawnshops do not impose as many documentary requirements before releasing cash to customers. Moreover, the latter are more accessible, as they may be found even in remote areas where banks do not operate.
As of December 2012, the pawnshop industry has a network of nearly 17,000, which include head offices and branches. Of the number, about 10,000 are engaged solely in the pawning business. The rest also operate auxiliary businesses, such as money changing, remittance facilitation, and bills payment facilitation.

10. Trust Companies
Formed for the purpose of acting as trustee or administering any trust or holding property in trust or on deposit for the use, benefit, or behoof of others.

11. Non-Stock Savings and Loan Associations
a corporation organized primarily for mutual self-help and common interest of its members who must belong to a well-defined group and shall not transact business with the general public (NSCB)
Engaged in the business of accumulating the savings of its members.
Meralco Employees Savings and Loan Association, Inc. (MESALA)
BJMP Savings and Loan Association
Armed Forces and Police Savings and Loan Association, Inc., (AFPSLAI)

12. Financing Companies
Organized for the purpose of extending credit facilities to consumers and to industrial, commercial, or agricultural enterprises. They operate by discounting or factoring commercial papers or accounts receivables, or by buying and selling contracts, leases, chattel mortgages, or other evidences of indebtedness, or by leasing motor vehicles, heavy equipment and industrial machinery, business and office machines and equipment, appliances, and other movable properties.

13. Government NBFIs Social Security System Social Security Act of 1997
EO 150
RA 1161
RA 8282
Social Security Act of 1997
Social Security Act of 1954

14. Who are covered? Self-Employed
A self-employed person, regardless of trade, business, or occupation, with an income of at least 1,000Php a month and not over 60 years old, should register with the SSS. Included, but not limited to be the following self-employed persons:
Self-employed professionals
Single proprietors
Actors, actresses, directors, scriptwriters, news reporters, etc
Professional athletes, coaches, trainers, and jockeys;
Farmers and fisher folds; and
Workers in the informal sector (cigarette vendors, hospitality girls, etc.)
Who are covered?

15. Who are covered? Voluntary Separated Members OFWs
Separated from employment or ceased to be self-employed/OFW/non-working spouse and would like to continue contributing
OFWs
Filipino recruited in the Philippines by a foreign-based employer for employment abroad or one who legitimately entered a foreign country (i.e. tourist, student, etc) and is eventually employed.
Non-Working Spouses of SSS Members
Legally married to a currently employed and actively paying SSS member, and who devotes full time in the management of household and family affairs, may be covered on a voluntary basis provided there is a the approval of the working spouse.
Who are covered?

16. Who are covered? Employees
Private employee, whether permanent, temporary or provisional, who is not over 60 years old.
Household-helper earning at least 1,000Php a month is compulsory covered
A household-helper is any person who renders domestic services exclusively to a household such as driver, gardener, cook, governess, and other similar occupations.
Filipino seafarer upon the signing of the standard contract of employment between the seafarer and the manning agency which, together with the foreign ship owner, act as employers.
Employee of a foreign government, international organization or their wholly-owned instrumentality based in the Philippines, which entered into an administrative agreement with the SSS for the coverage of its Filipino workers.
Parent, spouse or child below 21 years old of the owner of a single proprietorship business.
Who are covered?

17. Who are covered? Employers
An employer, or any person who uses the services of another person in business, trade, industry or any undertaking.
A social, civic, professional, charitable, and other non-profit organization which hire the services of employees are considered “employers”.
A foreign government, international organization or its wholly-owned instrumentality such as embassy in the Philippines, may enter into an administrative agreement with the SSS for the coverage of its Filipino employees.
Who are covered?

18. Member Loans
Housing Loans
Business Loans
LOANS

19. Benefits Sickness Benefit Retirement Benefit Disability Benefit
Maternity Benefit
Death and Burial Benefit
Benefits

20. Government NBFIs Government Service Insurance System
The Government Service
Insurance Act of 1997
CA 186
PD 1146
RA 8291
The Revised Government
Service Insurance Act of
1977

21. Members of the Judiciary and Constitutional Commissions who are covered by separated retirement laws
Contractual employees who have no employee-employer relationship with their agencies
Uniformed members of the AFP and PNP including the BJMP and BFP

22. Benefits Life Insurance Retirement Benefits Disability Benefits
Enhanced Life Policy
Life Endowment Policy
Retirement Benefits
Disability Benefits
Survivorship Benefits
Funeral/Burial Benefits
Employees’ Compensation Benefits
Separation Benefit
Unemployment Benefit
Benefits

23. Consolidated/Salary Loan
Policy Loan
Emergency Loan
LOANS

24. Other Services Housing Scholarship G-Care My Shield Home Shield
Auto Shield
Other Services

25. Government NBFIs Pag-IBIG Fund A B C D E F G PD 1530 EO 527 PD 1752
RA 7742
RA 9679 A B C D E F G

26. A – SSS & GSIS to handle the Fund
B – Fund will be administered by the National Home Mortgage
Finance Corporation
C – the Fund became independent and became mandatory for
all SSS and GSIS member-employees
D – Resumption of Pag-IBIG (after Pres. Aquino suspended operations of Pag-IBIG)
E – Pag-IBIG Fund became a voluntary program
F – Pag-IBIG membership reverted to mandatory (under Pres. Ramos)
G – Home Development Mutual Fund Law
Mandatory for all SSS and GSIS-covered employees; uniformed members of the AFP, BFP, BJMP, and PNP; as well as Filipinos employed by foreign-based employers.

27. Benefits and Programs Provident (Savings) Benefit Claim Housing Loan
Membership Maturity
Retirement
Permanent and Total Disability or Insanity
Separation from the service due to health reason
Permanent departure from the country
Death
Housing Loan
Short-Term Loan
Calamity loan
Multi-purpose loan
Benefits and Programs

28. Other Services Pag-IBIG Overseas Program Home Matching Program
Property Sale (Acquired Asset)
Rent-to-Own
Other Services

29. Pag-IBIG
Pagtutulungan sa Kinabukasan: Ikaw, Bangko, Industria at Gobyerno