The main reason why Overseas Filipino Workers (OFW) decide to work abroad so that it can provide the needs or even wants of its family back home. Oftentimes, the OFW becomes the breadwinner of the family. But what will happen if the OFW can no longer work due to unfortunate events? For example, sudden death or disability? This is the reason why every OFW should consider having an insurance. This is not just to ensure you as a breadwinner of the family but also making your family safe and secure if the untoward incident may happen.
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If you are looking for insurance you may consider the OFW Protect under Standard Insurance. According to its website, "OFW Protect is designed to fit the needs of OFWs." Under the insurance program, the OFW will be covered from the following;
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- Accidental Death
- Permanent Total Disability
- Accident Medical Reimbursement
- Daily Hospital Income
- Educational Assistance
- Fire/Flood Loss Assistance
- Burial Benefit
- Repatriation
- Personal Liability
- Extensions of Cover
- Drowning
- Dog or Snake Bites
- Claims arising out of Typhoon and Flood
- Suffocation by smoke or poisonous fumes
- Accidental Poisoning
- Motorcycling Risk
OFW Protect Plan Types:
- Package 1 – Php 1,000,000.00 coverage for only Php 6,200.00 (per year)
- Package 2 – Php 750,000.00 coverage for only Php 4,200.00 (per year)
- Package 3 – Php 500,000.00 coverage for only 3,200.00 (per year)
- Package 4 – Php 250,000.00 coverage for only 2,700.00 (per year)
- Filipino Overseas Contract Workers
- 18-65 years old
- single or married, widow or widower
- Primary – Spouse, or if not married, Parents not over 65 years old
- Secondary – Children of OFW not over 21 years old and are dependent to the OFW for support and maintenance (maximum of 3)
– If OFW is Single and/or with no child, brothers and sisters not over 21 years old and are dependent to the OFW for support and maintenance (maximum of 3)
For more information about OFW Protect, you may inquire here. You may also call the company's Customer Service at (02) 845-1111, email them at inquiry@standard-insurance.com or visit any of their branches nationwide.