In a significant show of support for the 32nd Southeast Asian Games (SEAG) medalists, Pioneer Insurance has decided to double the insurance coverage for the victorious national athletes until January 31, 2024. This move aims to provide the athletes with the peace of mind necessary to focus on their upcoming regional and international competitions.
Pioneer Insurance organized a celebratory event that saw the presence of around 25 SEA Games medalists, along with officials from the Philippine Sports Commission (PSC). This gesture serves as Pioneer’s recognition of the dedication, determination, and achievements of these exceptional athletes. Atty Betty Medialdea, President and CEO of Pioneer Insurance, expressed her admiration for the medalists, highlighting their relentless pursuit of excellence and unyielding commitment to their sports. She also lauded the PSC for its dedication to nurturing and uplifting Filipino athletes.
Lorenzo Chan Jr., Head of Pioneer Group of Insurance Companies, recounted the company’s longstanding association with both sports and insurance, harking back to the historic Thrilla in Manila heavyweight boxing match in 1975. Another milestone for Pioneer occurred in 1991 when it was chosen as the exclusive insurer for the Southeast Asian Games held in Manila. During that event, Pioneer provided P720 million worth of personal accident coverage for athletes and sportswriters from the participating countries.
This time around, Chan expressed gratitude for the opportunity to ensure the safety of the Philippine National Team’s 1,347 athletes, along with 312 coaches and trainers. He emphasized Pioneer’s unwavering commitment to supporting the athletes during their training and competitions in events like the SEA Games, Asian Games, and Olympics. He conveyed the hope that their victories inspire younger generations to pursue their dreams.
The Philippine Sports Commission (PSC) commended Pioneer’s initiative through Commissioner Bong Coo, who acknowledged that athletes now feel more secure in their training, knowing that their medical needs are taken care of by Pioneer.
This insurance enhancement complements the monetary incentives that the government is providing to the medalists under the Expanded Incentives Act or Republic Act 10699. The financial rewards, which include P300,000 for gold, P150,000 for silver, and P60,000 for bronze, will be conferred on July 20 at the Malacañang Palace.
Pioneer Insurance, a prominent insurer in the Philippines, is dedicated to offering life and non-life insurance services to clients across different socioeconomic classes. The company’s commitment extends to supporting national programs and championing Filipino athletes.