Expanded Compulsory Insurance Coverage Implemented
To enhance protection for Overseas Filipino Workers (OFWs), the Department of Migrant Workers has officially launched the expanded insurance coverage for rehires and direct hires. This initiative aligns with the government’s ongoing effort to improve social safety nets, especially following challenges brought about by the COVID-19 pandemic.
The Department of Migrant Workers issued this policy based on Department Order No. 228, Series of 2021, released by the Department of Labor and Employment. Complementing it is Memorandum Circular No. 10, Series of 2022, which provides detailed implementation guidelines. This marks a major step forward in ensuring that Filipino workers abroad receive sufficient coverage throughout their employment.
Insurance Providers Accredited for OFW Protection
To ensure broad access and effective implementation, several insurance companies have been authorized to offer the enhanced coverage. The Insurance Commission has accredited the following providers:
| Non-Life Insurance Company | Partner Life Insurance Company |
|---|---|
| Paramount Life & General Insurance Corporation | Fortune Life Insurance Company Inc. |
| Fortune General Insurance Corporation | Pioneer Life Inc. |
| Pioneer Insurance & Surety Corporation | The Insular Life Assurance Company Ltd. |
| MAPFRE Insular Corporation | United Coconut Planters Life Assurance Corporation |
| UCPB General Insurance Company Inc. | Philippine Life Financial Assurance Corporation |
| Stronghold Insurance | Philippine British Assurance Company Inc. |
Department of Migrant Workers Strengthens Support
The Department of Migrant Workers underscores the importance of this expanded policy to ensure the safety and financial protection of OFWs around the world. With stronger insurance coverage and clearly defined implementation guidelines, this initiative demonstrates the agency’s dedication to safeguarding the welfare of Filipino migrant workers.
All OFWs, recruitment agencies, and other concerned parties are encouraged to familiarize themselves with the new coverage guidelines and coordinate with the listed providers when arranging insurance for rehires and direct hires.
For more updates about Department of Migrant Workers (DMW), visit Filipinokami.com.
Source: DMW Advisory No. 03, s. 2022