Also known as Compulsory Insurance Coverage of OFWs, it is an insurance that 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. It provides Accidental Death Benefit, Total Permanent Disablement, Financial Assistance, Compassionate Visit, Medical Evacuation, among many others.
|Benefits||Limits of Cover|
|Accidental Death Benefit||$ 15,000.00|
|Total Permanent Disablement ( Due to Accident )||$ 7,500.00|
|Financial Assistance Benefits:|
|a. In Case of Death||Actual Cost ( As provided under RA10022 )|
|b. Termination of Employment||Actual Cost ( As provided under RA10022 )|
|c. Medical Repatriation||Actual Cost ( As provided under RA10022 )|
|Subsistence Allowance||$ 100 per month ( Maximum of 6mos. )|
|Money Claims Benefit||$ 1,000 per month ( Maximum of 6mos. )|
|Compassionate Visit||Actual Cost ( As provided under RA10022 )|
|Medical Evacuation||Actual Cost ( As provided under RA10022 )|
|Non-Accidental Death||$ 10,000.00|
* Terms of Insurance: Coverage starts upon departure from the Philippines for a period of ___ months/years.