The priorities of most Overseas Filipino Workers (OFWs) are to provide for the needs of their families. With lives gradually returning to normal, it has become even more important for Filipino seafarers and OFWs to have access to the right tools so they can secure their hard-earned savings and come home to their families for good.
However, according to the Department of Labor and Employment (DOLE), only 32 percent – or only those who are agency-hired workers – out of 10 million migrant workers are insured. About 70% of Filipinos working abroad who are not covered by the DOLE policy on compulsory insurance coverage are extremely vulnerable to the dangers and risks associated with their host countries and work destinations. This is what Sun Life Grepa Financial, Inc. (Sun Life Grepa), one of the major insurers in the country, wants to address through its “Balik-Tahanan” campaign.
“OFWs make daily sacrifices for the sake of their family. Oftentimes, they forget to strike a balance between spending and saving to lead a financially successful future and be with their loved ones for good,” Sun Life Grepa President Richard S. Lim said. “The Balik-Tahanan campaign was created to inspire Filipinos to pull through the difficulties and anxieties brought by the pandemic and stay secure during these uncertain times,” Lim added.
Whether they are first-time, experienced, or reintegrating OFWs, Sun Life Grepa has life and health protection plans that provide benefits for each of the key stages of their home for a good journey. They may avail of these Sun Life Grepa policies while in the Philippines. Learn more about preparing your finances for a bright future.