Victims of the bloody hostage-taking incident at Quirino Grandstand last Monday will receive insurance benefits from the Passenger Accident Management and Insurance (PAMI) Agency, Inc., including the hostage-taker who was also killed.

Land Transportation Franchising and Regulatory Board (LTFRB) officer-in-charge Assistant Secretary Dante Lantin said the Hong Thai Bus that ferried Hong Kong-Chinese during their tour and later during the hostage-taking crisis is insured under PAMI.

"The families of the dead victims of the hostage are entitled to at least P60,000 insurance claims each. As for the injured passengers, PAMI has committed to shoulder part of their hospital expenses," he said.

Lantin said representatives of PAMI have already prepared the cheques for the insurance claims.

"PAMI is now coordinating with the Chinese Embassy to determine how they can relay the insurance claims to the foreign victims and their families," he added.

Earlier, at least 10 were killed and eight were injured during the hostage-taking at Quirino Grandstand in Manila. Those killed include nine Hong Kong-Chinese tourists and the hostage-taker himself, Senior Inspector Rolando Mendoza.