Accreditation mulled for HK-based insurance firms on expanded OFW protection

December 6, 2010 11:33 am 

By Gloria Jane Baylon

MANILA, Dec. 6 — Vice President Jejomar C. Binay, the concurrent Presidential Adviser on OFW Concerns, has directed that Hong Kong-based insurance companies cooperating on an expanded insurance scheme for Filipino workers in Hong Kong be possibly accredited by the Philippines.

The directive was addressed to an Inter-Agency Committee composed of representatives of the DOLE, Insurance Commission, the Philippine Overseas Employment Administration and the National Labor Relations Commission.

Binay’s move is in consonance with Republic Act 10022 that extends compulsory insurance for workers in Hong Kong covering "accidental death, repatriation of the worker or his remains, subsistence allowance benefits money claims arising from employer’s liability, compassionate visit, medical evaluation and medical repatriation” and other operational concerns.

The insurance terms of current Employment Contract covers only “medical treatment for illness or personal injury, compensation for injury by incident or occupational disease arising out of and on the course of employment, death, and repatriation of remains,” according to the Philippine labor department.

When the expanded requirements were first made known, Hong Kong employers reportedly complained over the added responsibility.

But it was also learned that the General Chamber of Hong Kong Manpower Agencies “is open to extending the insurance coverage” beyond what domestic helpers are currently enjoying.

Binay’s directive to the Committee is meant to achieve a ‘win-win solution” by reconciling the terms of the two parties to eventually redound to the benefit of the OFW.(PNA)

LDV/GJB

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