THE PUBLIC SAFETY MUTUAL BENEFIT FUND, INC. was created in response to Republic Act 8291 (Government Service Insurance System Act of 1997) that excluded all uniformed personnel, including the PNP, from the mandatory GSIS insurance coverage effective June 24, 1997, with no alternative option.  

The families of deceased policemen no longer received insurance benefits from GSIS. With about two policemen dying everyday (or 340 to 400 deaths a year) caused by sickness, accident, or in line of duty - providing a decent burial for the deceased comrade in arm was made through the sympathy of others.

As a remedy, the PNP took the decisive step to address the insurance needs of its men and they created PSMBFI.  

PSMBFI was registered with the Securities and Exchange Commission (SEC) and was authorized by the Insurance Commission (IC) to operate as a mutual benefit association. PSMBFI is a non-stock, non-profit organization owned by its members. No single interest group owns PSMBFI but the members themselves. Thus, from its humble beginning in 1997, PSMBFI has now grown into a strong and stable mutual benefit fund.

Today’s policeman has PSMBFI to rely upon during times of financial distress and other contingencies. With a law enforcer dying almost everyday caused by either sickness, accident or in line of duty, PSMBFI helps its members and their families, and sees to it that the dependents are prepared for uncertainties in the future.

The main product of PSMBFI is life insurance which also takes the form of forced savings. There is now a need to invest in life insurance in order to retain the same standard of living currently enjoyed when retirement comes. Life insurance helps members and beneficiaries during difficult times, providing death benefits or equity value accumulation.

With life insurance, the family does not need to worry about unpaid medical bills and funeral expenses. PSMBFI through life insurance protects the future income of the members. PSMBFI is always around to provide its committed benefits to members when the unexpected happens.