OFW Insurance Guide 2026
Insurance is critical protection for OFWs and their families. Beyond mandatory OWWA coverage (up to USD 10,000 death benefit), OFWs should consider additional life insurance, health insurance, and critical illness coverage. With families depending on your income, proper insurance ensures they are protected if the unexpected happens.
Insurance Coverage for OFWs
| Type | Provider | Coverage | Cost |
|---|---|---|---|
| Mandatory (OWWA) | OWWA | Death: USD 10K, disability, repatriation | PHP 1,500/contract |
| Health (PhilHealth) | PhilHealth | Hospitalisation, outpatient, Z-benefits | PHP 400-5,000/month |
| Life Insurance | Sun Life, Pru Life, AXA | PHP 500K-5M death benefit | PHP 500-5,000/month |
| VUL (Variable Universal Life) | Sun Life, Manulife | Life insurance + investment | PHP 2,000-10,000/month |
| Term Life | Various insurers | Pure life coverage, lowest cost | PHP 200-1,000/month |
Insurance Tips for OFWs
- OWWA is mandatory but may not be sufficient — consider additional life insurance
- Term life gives the most coverage for the lowest cost
- Ensure your beneficiaries are correctly designated and updated
- Keep policy documents accessible to your family in the Philippines
- Consider health insurance from your host country (employer-provided or private)