What is the burial expense cap for the Spouse coverage under PA99?

What is the burial expense cap for the Spouse coverage under PA99?

• A. Php 10K
• B. Php 2K
• C. Php 7K
• D. Php 5K

Answer: (D)

Burial expense cap is the maximum amount the insurer will pay to cover burial costs for a beneficiary under a specific coverage. For the Spouse coverage under PA99, that fixed amount is Php 5,000. This means the burial benefit will reimburse up to Php 5,000; if burial costs are less, you receive the actual costs, and if they exceed 5,000, the payout does not go beyond 5,000.

Burial expense cap is the maximum amount the insurer will pay to cover burial costs for a beneficiary under a specific coverage. For the Spouse coverage under PA99, that fixed amount is Php 5,000. This means the burial benefit will reimburse up to Php 5,000; if burial costs are less, you receive the actual costs, and if they exceed 5,000, the payout does not go beyond 5,000.