DoLE approves OFWs’ mandatory insurance coverage
By Mina Diaz 11/15/2010The compulsory insurance coverage for agency-hired overseas workers, as mandated by Section 23 of the Republic Act 10022 (Amending RA 8042, The Migrant Workers and Overseas Filipinos Act of 1995), was effected recently by the Department of Labor and Employment (DoLE).
Among the insurance companies that have qualified under very stringent standards to undertake this coverage are Philippine Charter Insurance Corp. (PhilCharter) and United Cocolife Assurance Corp. (Cocolife).
Enacted early this year, the law provides that the OFW’s insurance coverage should include a minimum of $15,000 for accidental death, $10,000 for natural death, $7,500 for permanent total disablement, $100 subsistence allowance benefit per month for a maximum of six months for a migrant worker who is involved in litigation proceedings in the receiving country, at least three months salary for every year of the migrant worker’s contract for money claims arising from the employer’s liability, free transportation cost for the compassionate visit of a member of the family or requested individual when a migrant worker is hospitalized or confined for seven consecutive days or more, medical evacuation and medical repatriation..... MORE
Source: The Daily Tribune
URL: http://www.tribuneonline.org/nation/20101115nat1.html
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