In a heartfelt tribute to the medalists of the 32nd Southeast Asian Games (SEAG), Pioneer Insurance will double the insurance coverage of winning national athletes until January 31, 2024. This allows athletes to continue their training for upcoming regional and international competitions without worry.
Pioneer recently hosted a celebration event, which was attended by the Philippine Sports Commission (PSC) and approximately 25 winners representing the SEA Games medalists. The gesture is the company’s way of recognizing the courage, dedication and successes of these national achievers.
Pioneer Insurance President and CEO Atty Betty Medialdea expressed her admiration for the medalists. “Her tireless pursuit of excellence, her unwavering commitment to her sport and her indomitable spirit have inspired us. You showed us what can be achieved through hard work, determination and a never-give-up attitude,” she said while praising the PSC for its commitment to nurture and encourage Filipino athletes.
Lorenzo Chan Jr., director of the Pioneer Group of Insurance Companies, proudly recounted its long history with sports and insurance, dating back to the iconic Thrilla heavyweight boxing match in Manila in 1975. Another major milestone for Pioneer came in 1991 when it was appointed as the exclusive insurer of the Southeast Asian Games in Manila, where it extended P720 million in personal accident coverage to all athletes and journalists. sports from the nine participating countries.
This time, Chan expressed his appreciation for the opportunity to ensure the safety of the 1,347 athletes and the 312 coaches and coaches representing the Philippine National Team.
“Win or lose, don’t miss any athletics in training or the Olympics, the Asian Games and the Olympic Games,” he said. “May his triumph be continued proof that it is possible for Filipino athletes to excel no matter what the challenges and inspire the younger generations to pursue their own dreams. If you can do it, they can too!”
The PSC also recognized Pioneer’s initiative. Commissioner Bong Cooper, speaking on behalf of President Richard Bachmann, said: “Alam ko na ang mga athlete a ay nagpapasalamat kasi ngayon lalo Silang Hindi Natatakot mag-training nang tuloy-tuloy kasi alam nila assured na po Ang Kanilang Medical At Kung May Mangyari Ungan Sila ”. Coo expressed his hope for a lasting partnership with Pioneer to ensure the well-being of athletes even after retirement.
The insurance is in addition to the monetary incentives the government will provide to medalists under the Expanded Incentives Act or Republic Act 10699. The financial rewards, amounting to P300,000 for gold, P150,000 for silver and P60,000 for bronze, will be awarded on Wednesday, July 20 at Malacañang Palace.
Pioneer is a leading insurer in the Philippines, committed to providing life and non-life insurance to clients in socioeconomic classes A through D. Their dedication extends to supporting national programs and supporting Filipino athletes.
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