Duration and Minimum Coverage of Insurance Policy
- Insurance coverage is effective for the entire duration of the worker's employment contract.
- Minimum contingencies covered include:
- Accidental death
- Natural death
- Permanent total disability
- Repatriation cost
- Subsistence allowance
- Settlement allowance
- Compassionate visit
- Medical evacuation
- Medical repatriation
Responsibility for Payment of Insurance
- Recruitment or manning agency, or the foreign principal/employer, must pay for the insurance cost.
- Under no circumstances shall the cost be charged directly or indirectly to the agency-hired OFW.
Requirements for Issuance of Overseas Employment Certificate (POEA Exit Clearance)
- Recruitment/manning agencies must submit specific documentary proof of insurance when processing OFWs' employment documents.
- For landbased workers:
- Present original insurance policy or Proof of Cover for group insurance, including details of worker, principal, insurance provider, and policy number.
- For seafarers:
- Manning agencies must submit certificate or proof of cover signed by the principal if insurance is from foreign insurers.
- If vessels lack indemnity insurance, agencies must procure insurance from certified local insurance providers.
- Agencies using in-house processing schemes must submit insurance policies or indemnity coverage before deployment.
Penal Provisions for Non-Compliance
- Violation of these guidelines by recruitment/manning agencies or foreign principals is grounds for sanctions under POEA rules and other applicable laws.
- Sanctions can range from penalties to possible suspension or revocation of licenses.
Effectivity
- These guidelines take effect 15 days after publication in a newspaper of general circulation.