Largest recruitment group signs up with Pioneer Insurance for OFWs’ insurance needs

November 8, 2012 11:12 pm 

MANILA, Nov. 8 — The country’s oldest and largest organization of licensed overseas employment services provider, the Overseas Placement Association of the Philippines Inc. (OPAP), has signed a memorandum of agreement with Pioneer Life Inc. and Pioneer Insurance and Surety Corporation, two of the country’s largest insurance corporations, involving the provision of the insurance needs of overseas Filipino workers as required under Republic Act No. 10022.

OPAP Chairman Romeo Nacino and President Eduardo Mahiya signed the agreement, while First Vice Presidents Ma. Consuelo Banes and Yangtze Quin, both signed on behalf of Pioneer Life, Inc. and Pioneer Insurance & Surety Corporation.

R.A. 10022, otherwise known as “An Act Amending Republic Act No. 8042, otherwise Known as the Migrant Workers and Overseas Filipinos Act Of 1995, As Amended, 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," mandates Philippine licensed recruitment agencies to provide free, compulsory insurance coverage for the OFWs they deploy.

Mahiya said during the signing held at the OPAP office, the OPAP, in tapping the services of the Pioneer insurance group for the insurance needs of the OFWs, OPAP members send to some 180 destinations worldwide, is pleased to establish a long-term relationship with an insurance provider tested and proven in meeting the insurance needs of its customers.

The Pioneer insurance group is one of market leaders in insurance, with a net worth of over P6 billion.

“We at the OPAP are very confident that the Pioneer insurance group will be able to satisfy the needs of our OFWs when it comes to the compulsory insurance mandated by law which is designed for their protection and welfare,” Mahiya said.

Mahiya explained that as an insurer of OFWs deployed by OPAP members, the Pioneer group is committed to pay all the insurance benefits of all OFWs as provided for by the law.

"Under our agreement, it has also committed to provide free life and accidental insurance to all employees of OPAP-member private licensed recruitment agencies provided that their employees are duly registered with the Philippine Overseas Employment Administration," he added.

The duration of the coverage is co-terminous with their employment with the private licensed recruitment agencies.

To facilitate the release of the insurance benefits, such as in the case of repatriation which is required of private recruitment agencies under R.A. 10022 and applicable POEA rules, Mahiya said the OPAP, the Pioneer Group, and Manila International Travel and Tours have entered into an understanding that the OPAP has the full authority to approve the issuance of repatriation tickets by the Manila International Travel and Tours upon submission of the repatriation order issued by the Philippine Overseas Labor Office or the POEA.

"This is to ensure that the repatriation ticket for an OFW who is due or subject to repatriation is issued and sent to the country where the OFW is located or situated without a minute of delay," Mahiya explained.

At present, the OPAP has over 500 members. (PNA)

FPV/ANP

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