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Friday, October 05, 2018

New Insurance Scheme To Protect HSWs In UAE Starting This Month

A large proportion of overseas Filipino workers(OFW) deployed in different parts of the world are household service workers (HSWs). A new announcement from the  Ministry of Human Resources and Emiratization (MOHRE) has shed a new light on the HSW sector in the United Arab Emirates.

A large proportion of overseas Filipino workers(OFW) deployed in different parts of the world are household service workers (HSWs). A new announcement from the  Ministry of Human Resources and Emiratization (MOHRE) has shed a new light on the HSW sector in the United Arab Emirates.      Ads     Sponsored Links    MOHRE announced that the currently mandatory Dh3,000 bank guarantee deposit per worker will be replaced by an annual Dh60 insurance per worker starting this month.  The implementation of the new system will result in the price of hiring household service workers (HSWs) in the UAE to become cheaper once the new insurance scheme is implemented.  The insurance policy will cover end-of-service benefits, vacation and overtime allowance, return air ticket, unpaid wages, and cases of the work injury.  The insurance will also cover the cost of replacing the worker for health reasons or if the domestic worker wants to cancel the working relationship with the employer. The total amount covered by the insurance is Dh20,000.  MOHRE will begin disbursing the bank guarantees paid earlier by private employers amounting to Dh14 million starting October 15. Those who had salary-related violations six months before work permit renewal, however, would not be able to reimburse their bank guarantees.  The insurance scheme was one of the new laws approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in June.  “Our goal is to remain a top destination for ease of doing business, through an agile economy based on flexibility and openness,” the UAE Vice President said in June.  Filed under the category of overseas Filipino workers(OFW), household service workers, Ministry of Human Resources and Emiratization, HSW, United Arab Emirates
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MOHRE announced that the currently mandatory Dh3,000 bank guarantee deposit per worker will be replaced by an annual Dh60 insurance per worker starting this month.

The implementation of the new system will result in the price of hiring household service workers (HSWs) in the UAE to become cheaper once the new insurance scheme is implemented.

The insurance policy will cover end-of-service benefits, vacation and overtime allowance, return air ticket, unpaid wages, and cases of the work injury.

The insurance will also cover the cost of replacing the worker for health reasons or if the domestic worker wants to cancel the working relationship with the employer. The total amount covered by the insurance is Dh20,000.

MOHRE will begin disbursing the bank guarantees paid earlier by private employers amounting to Dh14 million starting October 15. Those who had salary-related violations six months before work permit renewal, however, would not be able to reimburse their bank guarantees.

The insurance scheme was one of the new laws approved by His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, in June.

The UAE Vice President said in June that UAE goal "is to remain a top destination for ease of doing business, through an agile economy based on flexibility and openness.” 

Filed under the category of overseas Filipino workers(OFW), household service workers, Ministry of Human Resources and Emiratization, HSW, United Arab Emirates
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As overseas Filipino workers (OFW) working in an unfamiliar territory, we feel comfortable whenever we see a compatriot or a fellow Filipino abroad. In some instances, very unfortunate things happen like getting into a trouble because of a fellow Filipino. The Department of Foreign Affairs (DFA) and the Consulate General in Saudi Arabia confirmed that an OFW was stabbed and killed by a fellow OFW in Jeddah, KSA.      Ads     Sponsored Links    A Filipino was stabbed and killed by a fellow Filipino in Jeddah, Saudi Arabia, according to the confirmation of the Department of Foreign Affairs (DFA).  The victim (name withheld) was a 29-year-old from Datu Odin Sinsuat, Maguindanao, who worked as a family driver in Jeddah.   The suspect (name withheld), a 34-year-old from Capiz, also a driver for the same family  The suspect remains under police custody after he was arrested immediately after the incident. The two "allegedly engaged in a fistfight in front of the house of their employer that ended in the victim getting fatally stabbed by his fellow driver." The motive of the stabbing is still unknown.  The Consulate General and the Philippine Overseas Labor Office in Jeddah will extend full assistance to both Filipinos as well as their families.    The victim is set for a vacation to the Philippines soon but the incident turned out to be unfortunate that he will come home inside a box.  Consul General Edgar Badajos said that the suspect is facing a death sentence as per Saudi Sharia law. However, since they are both Filipinos, it is possible that the victim's family could instead  He assured that they will render assistance to help both OFWs.    Filed under the category of overseas Filipino workers, Filipino abroad, Department of Foreign Affairs (DFA), Saudi Arabia,   stabbed, Jeddah, KSA

More often, families with overseas Filipino workers (OFW) rely on their OFW breadwinner in providing their needs and without doing any efforts to have extra income. They use the money they receive to pay their bills, rents, mortgages, etc. They tend to spend the remittances they receive and wait for the next remittance when the money is over without any savings. This is the reason why no matter how long the OFWs exhaust themselves working overseas, they are still coming home broke and without any savings.  Encouraging our spouse or anyone who is responsible for the remittances you send to save could be a great help and could guarantee a hassle-free retirement, much more if they placed this savings to a profitable investment.      Ads     Sponsored Links    Stick to a budget schedule  Convince your spouse to make a monthly budget and commit to saving a portion of the monthly remittance. They could also spend the remaining part of the budget after setting aside the savings.  No matter how small the savings, it could mean a lot after a period of time you regularly do it.    Use the credit card wisely or do not use it at all  Credit cards could be an advantage when purchasing but it can also lure the holder to spend more. Whenever possible, avoid using credit cards and use cash instead. It would save you from paying extra charges and interests which can really raise your spending.    The best rule should be, do not spend the money you do not have.     Always make a list of important things to buy  Many OFW spouses tend to go on a shopping spree just after receiving the remittance and let their impulses lead in which items they like to buy at the very moment without putting their priorities on the things they really needed.  Encourage them to develop a habit and discipline of making a list of the things they need to prioritize during shopping and strictly follow what is on the list to avoid spending too much on the things that are not really important.    Live a lifestyle that suits your income  Many OFW spouses live like one day millionaire. after claiming the remittances you sent, they will go straight to the mall, eat at the fast-food chain of their choice, go on a shopping spree buying what they want without even thinking if they still have the money to go through the month until the next remittance. If their budget got short, they would borrow money from someone which would cause the next budget to bear the shortage and the cycle goes on.    There's nothing wrong with being generous but not too much  Advise your spouse to exercise caution when giving help to extended families, relatives or friends. There is nothing wrong with extending help but there has to be a limitation. This would avoid them to become dependent on your assistance that they would knock your everytime they need financial help.    Working overseas is not forever and you will eventually come home for good. It is you and your spouse who need to work hand-in-hand to succeed. Together you must find ways to take care of your finances and save for the future of your family.  Filed under the category of overseas Filipino workers, extra income,  bills, rents, mortgages, remittances, working overseas, retirement, investment, savings
More often, families with overseas Filipino workers (OFW) rely on their OFW breadwinner in providing their needs and without doing any efforts to have extra income. They use the money they receive to pay their bills, rents, mortgages, etc. They tend to spend the remittances they receive and wait for the next remittance when the money is over without any savings. This is the reason why no matter how long the OFWs exhaust themselves working overseas, they are still coming home broke and without any savings.  Encouraging our spouse or anyone who is responsible for the remittances you send to save could be a great help and could guarantee a hassle-free retirement, much more if they placed this savings to a profitable investment.      Ads     Sponsored Links    Stick to a budget schedule  Convince your spouse to make a monthly budget and commit to saving a portion of the monthly remittance. They could also spend the remaining part of the budget after setting aside the savings.  No matter how small the savings, it could mean a lot after a period of time you regularly do it.    Use the credit card wisely or do not use it at all  Credit cards could be an advantage when purchasing but it can also lure the holder to spend more. Whenever possible, avoid using credit cards and use cash instead. It would save you from paying extra charges and interests which can really raise your spending.    The best rule should be, do not spend the money you do not have.     Always make a list of important things to buy  Many OFW spouses tend to go on a shopping spree just after receiving the remittance and let their impulses lead in which items they like to buy at the very moment without putting their priorities on the things they really needed.  Encourage them to develop a habit and discipline of making a list of the things they need to prioritize during shopping and strictly follow what is on the list to avoid spending too much on the things that are not really important.    Live a lifestyle that suits your income  Many OFW spouses live like one day millionaire. after claiming the remittances you sent, they will go straight to the mall, eat at the fast-food chain of their choice, go on a shopping spree buying what they want without even thinking if they still have the money to go through the month until the next remittance. If their budget got short, they would borrow money from someone which would cause the next budget to bear the shortage and the cycle goes on.    There's nothing wrong with being generous but not too much  Advise your spouse to exercise caution when giving help to extended families, relatives or friends. There is nothing wrong with extending help but there has to be a limitation. This would avoid them to become dependent on your assistance that they would knock your everytime they need financial help.    Working overseas is not forever and you will eventually come home for good. It is you and your spouse who need to work hand-in-hand to succeed. Together you must find ways to take care of your finances and save for the future of your family.  Filed under the category of overseas Filipino workers, extra income,  bills, rents, mortgages, remittances, working overseas, retirement, investment, savings
More often, families with overseas Filipino workers (OFW) rely on their OFW breadwinner in providing their needs and without doing any efforts to have extra income. They use the money they receive to pay their bills, rents, mortgages, etc. They tend to spend the remittances they receive and wait for the next remittance when the money is over without any savings. This is the reason why no matter how long the OFWs exhaust themselves working overseas, they are still coming home broke and without any savings.  Encouraging our spouse or anyone who is responsible for the remittances you send to save could be a great help and could guarantee a hassle-free retirement, much more if they placed this savings to a profitable investment.      Ads     Sponsored Links    Stick to a budget schedule  Convince your spouse to make a monthly budget and commit to saving a portion of the monthly remittance. They could also spend the remaining part of the budget after setting aside the savings.  No matter how small the savings, it could mean a lot after a period of time you regularly do it.    Use the credit card wisely or do not use it at all  Credit cards could be an advantage when purchasing but it can also lure the holder to spend more. Whenever possible, avoid using credit cards and use cash instead. It would save you from paying extra charges and interests which can really raise your spending.    The best rule should be, do not spend the money you do not have.     Always make a list of important things to buy  Many OFW spouses tend to go on a shopping spree just after receiving the remittance and let their impulses lead in which items they like to buy at the very moment without putting their priorities on the things they really needed.  Encourage them to develop a habit and discipline of making a list of the things they need to prioritize during shopping and strictly follow what is on the list to avoid spending too much on the things that are not really important.    Live a lifestyle that suits your income  Many OFW spouses live like one day millionaire. after claiming the remittances you sent, they will go straight to the mall, eat at the fast-food chain of their choice, go on a shopping spree buying what they want without even thinking if they still have the money to go through the month until the next remittance. If their budget got short, they would borrow money from someone which would cause the next budget to bear the shortage and the cycle goes on.    There's nothing wrong with being generous but not too much  Advise your spouse to exercise caution when giving help to extended families, relatives or friends. There is nothing wrong with extending help but there has to be a limitation. This would avoid them to become dependent on your assistance that they would knock your everytime they need financial help.    Working overseas is not forever and you will eventually come home for good. It is you and your spouse who need to work hand-in-hand to succeed. Together you must find ways to take care of your finances and save for the future of your family.  Filed under the category of overseas Filipino workers, extra income,  bills, rents, mortgages, remittances, working overseas, retirement, investment, savings