The Association reviews, institutes, and ensures that the benefits of the members shall always be attuned with the present and future needs and in accordance with the policies, rules and regulations of the MERALCO, Insurance Commission and other regulatory agencies.
A member in good standing, one who remains current/updated on membership contributions to the Association and has no delinquent accountabilities to the Association, is entitled to the following benefits:
| Type of Funeral Aid Benefit | Amount | Requirements |
| Death of Member | ₱65,000.00 | Registered Death Certificate, MEMABA Benefit Claim Form |
| Death of Spouse | 15,000.00 | Registered Death Certificate, MEMABA Benefit Claim Form, Marriage Certificate |
| Death of Parents | 7,500.00 | Registered Death Certificate, MEMABA Benefit Claim Form |
| Death of Children (21 years old and below) | 8,000.00 | Registered Death Certificate, MEMABA Benefit Claim Form |
| Death of Children (above 21 years old) | 5,000.00 | Registered Death Certificate, MEMABA Benefit Claim Form |
| Fetal Death (8 to 20 weeks) | 3,000.00 | Histopathological Report, MEMABA Benefit Claim Form |
| Fire Victim Aid | Amount | Requirements |
| Totally burned (Owned/Rented) | ₱22,500.00 | MEMABA Benefit Claim Form (FIRE), Barangay Certificate, Pictures of Burned Property, Municipal Report of the Incident, Fire Investigation Report (BFP) |
| Partially burned (Owned/Rented) | 8,000.00 | ” “ |
| Member-boarder | 4,000.00 | ” “ |