CAP remains top pre-need education plan company

College Assurance Plan Phils. Inc. (CAP) emerged as the top pre-need education plan company in the Philippines for the year 2003 while its sister company, CAP Pension Corp. retained its number three slot in the pre-need pension category.

According to statistics from the Traditional Securities and Instruments Department of the Securities and Exchange Commission (SEC), CAP sold a total of 39,200 plans worth some P2.384 billion from January to December of 2003.

CAP Pension, on the other hand, sold 35,525 plans worth P1.862 billion. As of October 2003, CAP Pension has already paid out P1.522 billion to 35,364 pensioners and beneficiaries.

As the flagship company of the CAP Family, College Assurance Plan is the first pre-need education plan company to graduate the most number of scholars i.e., 55,415 as of November 2003.

In keeping with its commitment to provide excellent service to its plan holders, CAP has also built the largest servicing network with over 60 CAP-owned buildings and another 120 leased offices nationwide.

CAP’s red-brick buildings are a familiar sight to the 101,808 college scholars who troop to the various CAP offices during enrollment time each semester to claim their checks. The same buildings operate as service centers to subscribers of CAP, CAP Pension and the other CAP companies.

By availing themselves of CAP’s Direct School Payment Facilitation agreement (DSPFA), a CAP scholar is assured of a more convenient enrollment process through the immediate settlement of school fees by CAP directly to the school he/she is enrolled in.

Todate, there are more than 400 schools with DSPFA tie-ups with CAP.

CAP and CAP Pension’s combined trust fund of P15.6 billion is the largest in the pre-need industry.