Insurance coverage for OFWs now mandatory
Davao City (10 November) -- THE implementation of compulsory insurance coverage for agency-hired workers took effect on Monday (November 8, 2010).
In addition to the present requirements for processing/issuance of POEA Exit Clearance/Overseas Employment Certificate, a Certificate of Coverage (COC) indicating compliance with requirements prescribed by Republic Act No. 10022, must be presented by the licensed recruitment agencies upon processing of documents of the OFWs.
The following are the accredited insurance providers by the lnsurance Commission as of this date.
1. Paramount Life and General Insurance Corporation
2. Philippine Charter Insurance Corporation
3. United Coconut Planters' Life Assurance Corporation
Licensed recruiters may directly contact the Insurance Commission with telephone nos. 5238461 to 70, website: www.insurance.qov.ph for updates on the list of accredited insurance providers. (POEA-XI) [top]