Question & AnswerQ&A (POEA ADVISORY NO. 25, S. 2010)
POEA Advisory No. 25, S. 2010 mandates the implementation of compulsory insurance coverage for agency-hired workers starting November 8, 2010, ensuring protection for overseas Filipino workers (OFWs) from various contingencies as prescribed by law.
The compulsory insurance coverage for agency-hired workers took effect on November 8, 2010.
Agencies must present a Certificate of Coverage (COC) indicating coverage for all contingencies under Republic Act No. 10022 during the processing of documents for OFWs.
The COC must cover all contingencies stipulated under Republic Act No. 10022, which generally includes death, injury, disability, or illness arising from work-related incidents of agency-hired OFWs.
The accredited insurance providers as of the advisory's date are Paramount Life and General Insurance Corporation, Philippine Charter Insurance Corporation, and United Coconut Planters Life Assurance Corporation.
The compulsory insurance coverage for agency-hired workers is mandated under Republic Act No. 10022, an amendment to the Migrant Workers and Overseas Filipinos Act.
All agencies hiring or deploying agency-hired workers overseas must comply and present the Certificate of Coverage when processing POEA Exit Clearance or Overseas Employment Certificate for OFWs.
The purpose is to provide protection to agency-hired OFWs against various risks and contingencies while working abroad, ensuring they have insurance support under Philippine law.
Agencies can contact the Insurance Commission via telephone numbers 5238461 to 70 or visit the website www.insurance.gov.ph for updates on accredited insurance providers.