NMSB OVERVIEW

Member Protection Rooted in Cooperative Solidarity

The NOVADECI Member Social Benefit Program is a comprehensive support system designed to uphold the welfare, security, and solidarity of every member of the cooperative. Rooted in NOVADECI's commitment to "People Helping People," this program provides meaningful financial assistance during life's most challenging moments. It ensures that members and their families receive timely support through a structured set of benefits that address emergencies, health-related concerns, and unforeseen life events.

NOVADECI members in meetings, training sessions, and cooperative service areas

NMSB Benefits

Living Benefits

Disability Benefit

Partial Disability – paid ₱2k monthly up to ₱62k or 31 mos
Permanent Disability – paid ₱2k monthly up to ₱124k or 62 mos

Terminal Illness Benefit

Up to ₱62,500
For members with critical illness e.g. cancer, AIDS, tumor, kidney malfunction etc.

Contribution Exemption

For 20 years and above NMSB membership.

Additional Member Benefits

Advance Partial Cash Benefit

Amounting to 50k for contribution exempted members
For contribution exempted members who remain Member In Good Standing (MIGS)

NMSB Loan Privilege

For contribution exempted members

Gabay sa Katandaan (Pension)

For members with 20 yrs and above NMSB membership 60 yrs of age and above
paid ₱2k monthly up to ₱137,500

Death Benefits

Death of Member Benefits (DMB)

Up to ₱350k for members with 30 yrs and above NMSB membership
Refer to NMSB Table of Benefits for membership below 30 yrs
Claims for Living Benefits to be deducted

Death of Member's Dependent(s) Benefits (DMDB)

Up to ₱130k for members with 10 yrs and above NMSB membership.
Refer to NMSB Table of Benefits for membership below 10 yrs

NMSB Requirements

NOVADECI Convention Center building exterior