August 19, 2022

iNews.Ph

News and Information

Overseas Filipino workers (OFWs) in Cebu and nearby provinces can now easily get the Pinoy OFW Insurance from the PAMICO Management and Insurance Agency, Inc. with the opening of its office in Cebu.

PAMICO provides migrant workers with maximum insurance protection with its lead insurers – COCOLIFE Insurance Company and COCOGEN Insurance Company Inc.

The two companies, which are among the biggest in life and non-life insurance, have appointed PAMICO as their common management company to administer the compulsory insurance coverage for OFWs.

PAMICO’s appointment as an independent management company provided more focused attention on insurance matters for OFWs, starting with the issuance of the policies and ends with the satisfactory settlement of claims.

PAMICO provides personal accident coverage for OFWs who are hired and rehired by agency as well as the direct hired migrant workers.

The insurance provides migrant workers hired or rehired by placement agencies and direct hires $15,000 benefit for accidental death; $10,000 for natural death and $7,500 for permanent disablement.

For the agency-hired OFWs, the insurance will also cover the actual cost for repatriation due to termination of employment as well as repatriation of mortal remains. If terminated, they can also get a monthly subsistence allowance of $100, not exceeding six months; money claims of P1,000 each month also not exceeding six months. The insurance will also cover the actual cost for compassionate visit, medical evacuation and medical repatriation of the insured OFW.

For the re-hired or direct hire OFWs, the insurance will cover the actual cost of repatriation due to termination of employment, repatriation of mortal remains, compassionate visit, medical evacuation and medical repatriation. If terminated, they are also entitled to $100 monthly subsistence allowance but not exceeding six months.

“We always view our Overseas Filipino Workers (OFWs) as our modern heroes. Leaving behind their lives, friends, and families for months to years to work in another country and be of service to other people who are complete strangers,” Atty. Darren M. De Jesus, Cocogen President, expressed.

He noted that PAMICO’s Pinoy OFW Insurance not only provides for the expenses of the OFW, but for their family as well should there be a need to fly out and be with said OFW.

“It’s a huge sacrifice for our Pinoy OFWs to make for a shot at a better life. It’s not just the physical toll of being exhausted from work, it’s coming home to a place that’s half a world away from the people who matter the most,” Rizza T. Atayde, PAMICO President, noted.

“With PAMICO’s Pinoy OFW Insurance, our modern-day heroes and their loved ones are never alone and are sure to be well taken care of,” Atayde said.

PAMICO’s office is located at the Door 6, JSP Mango Plaza, Gen. Maxilom corner Gen. Echavez St., Cebu City. (PR)