Republic Act (RA) 10022 passed into law on March 8, 2010. This Act, amending RA 8042, otherwise known as the Migrant Workers and Overseas Filipinos Act of 1995, as amended, is geared towards further improving the standard of protection and promotion of the welfare of migrant workers, their families and overseas Filipinos in distress and for other purposes.
Section 37-A Compulsory Insurance Coverage for Agency Hired Workers is the portion of RA 10022 that deals specifically with the requirement for each migrant worker deployed by recruitment or manning agencies to be covered by a compulsory insurance policy that shall be secured at no cost to the worker.
Paramount Life & General Insurance Corporation (PLGIC) is the first insurance company accredited by the Insurance Commission to provide this OFW insurance.
WHAT IS THE REPUBLIC ACT (RA) 10022?
The RA 10022 is geared towards improving the standard of protection and the promotion of the welfare of migrant workers, their families and overseas Filipinos in distress, and for other purposes.
WHAT IS AN OFW?
The term ’OFW‘ refers to a person who is to be engaged, is engaged or has been engaged in a remunerated activity in a state of which he or she is not a citizen or on board a vessel navigating the foreign seas other than a government ship used for military or non-commercial purposes or on an installation located offshore or on the high seas; to be used interchangeably with ’migrant worker‘.
AS AN OFW, WHAT DOES THIS ACT DO FOR ME?
Section 37A, The Compulsory Insurance Coverage for Agency Hired Workers, states that in addition to the performance bond to be filed by the recruitment/manning agency, each migrant worker deployed by a recruitment/manning agency shall be covered by a compulsory insurance policy which shall be secured at no cost to said worker.
Such insurance policy shall be effective for the duration of the migrant worker’s employment contract and shall cover, at the minimum:
- Accidental Death, with at least US$15,000 survivor's benefit.
- Natural Death, with at least US$10,000 survivor's benefit.
- Permanent total disablement, with at least US$7,500 disability benefit.
- Repatriation cost of the worker when his/her employment is terminated without any valid cause, as well as in the case of death.
- Subsistence allowance benefit, with at least US$100 per month for a maximum of 6 months for a migrant worker involved in a case or litigation for the protection of his/her life in the receiving country.
- Money claims arising from the employer's liability.
- Compassionate visit from 1 family member or requested individual when a migrant worker is hospitalized and has been confined for at least 7 consecutive days.
- Medical evacuation under appropriate medical supervision when an adequate medical facility is not available proximate to the migrant worker.
- Medical repatriation to the migrant worker's residence when medically necessary and cleared as deemed by an attending physician.
Paramount OFW Policy
WHY SHOULD PARAMOUNT LIFE & GENERAL INSURANCE CORPORATION PROVIDE YOUR OFW COVERAGE?
Aside from the benefits of the policy itself, PLGIC is a trusted name in insurance, possessing a composite license.
The Insurance Commission has granted Paramount Life & General Insurance Corporation a composite license to do life and non-life insurance business in the Philippines. As opposed to other businesses that require two different licenses to operate their life and non-life businesses, as well as two different management teams, PLGIC has one management team that leads both divisions. This means more streamlined products, service, decision-making and problem-solving.
Paramount has a 24/7 Call Center
Paramount has established a 24/7 Call Center to accept calls and inquiries. This provides uninterrupted service whenever you need it.
There is always someone from Paramount ready to attend to your needs—24 hours a day, seven days a week.
Paramount will be assigning representatives abroad to provide you with assistance in your country of employment. To help you feel supported in a foreign country, a Paramount customer service officer will be sent where OFWs are situated to provide easier access and faster service for OFWs, wherever they are located. This means faster and easier claims settlement.
|Location||Address||Contact Number||Mobile Number|
|ANGELES||Unit 12-13 Ground Floor, Ameluz Building 92 Sto. Entierro Street, Brgy., Sto. Cristo, Angeles City, Pampanga||TEL: (045) 625-4404||+63917 597 6231|
|BAGUIO||Room 303, Otek Square Bldg., Otek St., Baguio City||TEL/FAX: (074) 442-8050||(+63) 917 597 2058|
|LA UNION||GF Kenny Plaza, Quezon Avenue, San Fernando City, La Union||---||+63950 317 1504|
|SAN FERNANDO||Rm. 302 SM City Pampanga, Brgy. San Jose San Fernando City, Pampanga||---||+63917 540 6671|
|TUGUEGARAO||GF Unit 104, Balay Don Pedro Bldg., Legaspi cor. Rizal Sts., Centro 8 Tuguegarao City||---||+63917 119 1777|
|MAKATI||15th Floor Sage House Bldg., 110 V.A. Rufino St., Legaspi Village Makati City||TEL:(02) 8772-9308;
FAX: (02) 8772-9308
|+63917 585 6429|
|MANILA||1482 F. D&E Leon Guinto cor Escoda Sts. Malate Manila||TEL: (02) 8523-7779
TEL/FAX: (02) 8523-7980
|+63917 585 6429|
|MANDALUYONG||Unit 2 Maranaw Plaza 187 EDSA (beside POEA) Brgy., Wack-Wack, Greenhills East, Mandaluyong City||TEL: (02) 8723-2156;
FAX: (02) 8723- 1691
|+63917 809 1646|
|CALAMBA||2nd Floor Room S3, Daniel Commercial Complex 1, National Highway, Parian, Calamba City, Laguna||TEL: (049) 545-3132||+63917 887 0247|
2F, PVLB Bldg., Peñaranda St., Brgy. 34, Legazpi City, Albay
|TEL: (052) 830 4115||+63917 -8870618|
|2nd Floor Esquivel Bldg., 19 Rizal St., Cabangan, Legazpi City||TEL: (052) 431-0989||+63917 887 0238|
|BACOLOD||2nd Floor, China Banking Corporation Bldg., Araneta St., corner San Sebastian, Bacolod City||TEL: (034) 432-1169||+63917 597 1249|
|CEBU||Mercado Bldg., No. 10 Gorordo Avenue, Lahug, Cebu City||---||+63917 134 5914|
|ILOILO||2nd Level Gloria Bldg., Ledesma St.
|TEL: (033) 351-2919||+63917 108 3399|
|2nd Floor, PS Arcade, Gov. Rosales Avenue, Imadejas Pob. , Butuan City, Agusan Del Norte||TEL: (085) 225-0304
TEL/FAX: (085) 225-6257
+63917 887 0243
+63998 848 9891
|DAVAO||AMQ Bldg., cor. Lakandula St., Dacudao Ave., Agdao Davao City||---||+63917 110 1909|
|CAGAYAN DE ORO||Door 3&4, GF, J. Lim Bldg., Pacana - Pabayo Sts., Cagayan de Oro City||TEL: (082) 857-1448 TELEFAX:(08822) 727929||+63917 105 0776|
Ground Floor Stall 1, Sanle Building, Corner Lapu-Lapu And Aquino Streets, Koronadal City, 9506 South Cotabato
|+63997 237 2579|
|3rd Floor Room 302, New Zamboanga Universal Ent., Building coner La Purisima Tomas Claudio & Barcelona Streets, Zamboanga City||
TEL: (062) 992 3926
|+63917 887 0252|
The first ever policy verification text system in the country.
Paramount is proud to provide added security for policy holders by offering the first ever policy verification system for OFW Certificates of Insurance (COI). Through our Text Inquiry System, you can easily verify the authenticity of your Paramount issued COI.
Simply text the following information from your mobile phone:
OFW [space] COI No. [space] Security Code
(Ex. OFW 10189474 VHCJM270D90)
Globe +(63) (917) 556-7391
Smart +(63) (920) 948-5496
Sun +(63) (922) 896-4829
The COI No. and Security Code can be found at the upper right hand corner of your COI.