GSIS meaning in Insurance ?

Answer:

What is Government Service Insurance System mean?

The Government Service Insurance System (Filipino: Paseguruhan ng mga Naglilingkod sa Pamahalaan, abbreviated as GSIS) is a government-owned and controlled corporation (GOCC) of the Philippines. Created by Commonwealth Act No. 186 and Republic Act No. 8291 (GSIS Act of 1997), GSIS is a social insurance institution that provides a defined benefit scheme under the law. It insures its members against the occurrence of certain contingencies in exchange for their monthly premium contributions.

GSIS members are entitled to an array of social security benefits, such as life insurance benefits, separation or retirement benefits, and disability benefits.

GSIS is also the administrator of the General Insurance Fund by virtue of RA 656 (Property Insurance Law). It provides insurance coverage to government assets and properties that have government insurable interests.

It is not possible for non-government employees, self-employed or non-working persons to become members of the GSIS. Instead, they are covered by the Social Security System (SSS).

reference

Full Form	Category
German Swiss International School	Academic & Science
Georgia Student Information Systems	Academic & Science
General Santos Ilementary School	Business
Government Service Insurance Scheme	Business
Graduate School of Information Sciences	Community
Graduate School of International Studies	Educational Degree
Global Sustainable Industrial Systems	General
Grey Systems and Intelligent Services	General
Graduate Studies Information System	General
Global System of Integrated Studies	General
Global Security Innovative Strategies	General
Government Service Insurance System	Insurance
Government Security Insurance System	Insurance
Good Shepherd International School,	International
Gyeonggi Suwon International School	International