Section 4
SEC. 4. Section 13 of the same Act is further amended to read as follows: "SEC. 13. Death and permanent disability benefits. — (a) Upon the covered employee's death, his beneficiaries shall be entitled to the basic lump sum amount, plus five-twelfths of one percent of the basic lump sum amount for each monthly contribution in excess of one hundred twenty and paid as of the last day of the second quarter preceding the quarter of death: Provided, That any of the following conditions is satisfied at the time of death: "1. He shall have paid eighteen monthly contributions within the thirty-six calendar month period ending on the last day of the second quarter preceding the quarter of death. "2. His payment ratio is not less than eighty percent." "Provided, further, That if none of the foregoing conditions are satisfied, his death benefit shall be the above amount multiplied by one and one-fourth times his payment ratio: Provided, finally, That the death benefit shall not be less than the total contributions paid by him and his employer in his behalf to the SSS nor less than five hundred pesos: Provided, however, That the covered employee who dies in the month of coverage shall be entitled to the minimum benefit."