The Philippine Deposit Insurance Corporation (PDIC) has announced that the maximum deposit insurance coverage has been doubled. The announcement was made by the PDIC via their website. This change is in alignment with Republic Act 3591 or the PDIC Charter. The PDIC’s decision also comes from a recent order from the Department of Finance and PhilHealth. The transfer of funds from the PDIC and PhilHealth have been widely criticized. Allegations surrounding PhilHealth's budget for its IT project allocates PHP 115 million for 1,341 units of regular desktops with a 3-year warranty. We're also throwing in a monitor and peripherals as we think PhilHealth's package came with these. Read more in our articles including "PDIC deposit insurance doubled to 1 million" and "What kind of PC can you build with an PHP 86K budget?".
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Apr 29, 2026The Philippine Deposit Insurance Corporation (PDIC) has announced that the maximum deposit insurance coverage has been doubled. The announcement was made by the PDIC via their website.
This change is in alignment with Republic Act 3591 or the PDIC Charter. The PDIC’s decision also comes from a recent order from the Department of Finance and PhilHealth. The transfer of funds from the PDIC and PhilHealth have been widely criticized.
Our coverage of PDIC Philhealth includes: "PDIC deposit insurance doubled to 1 million"; "What kind of PC can you build with an PHP 86K budget?"; "BIR opens Tax Payer Portal". Each article provides unique insights and information.