Protection
Put yourself at ease by protecting those you love
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{{label}}06 January 2020
The OFWs’ contribution to the Philippine economy is outstanding. Between January to May 2019 alone, OFW remittances have reached $13.7 billion. Reports also show that transfers made through banks contribute to about 70% of the country’s gross domestic product.
Despite being able to provide for their families—and their home country—though, working as an OFW is not a get-rich scheme. Like many employees here in the Philippines, they struggle to keep their finances in check.
Because of their desire to help their loved ones, a few may end up with a less than ideal financial health, only realizing later on in life that they also have their own future to prepare for, or even a possible critical illness to take care of. The lack of financial literacy among many Filipinos also has something to do with it.
It’s about time for OFWs to get what they deserve in exchange for the sacrifices they had to endure. This starts with understanding the real value of personal finance and staying financially healthy for years to come.
The value of financial health for OFWs
For OFWs, being financially healthy is a team effort that requires understanding and cooperation from your family at home—and to some extent, private and government institutions.
The best way to show appreciation for the contributions OFWs have made for their families and the country is to help them take care of their future, whether it’s through spending their padalas wisely or teaching them how they can make their savings work, so they can spend more time with their loved ones again.
If you’re an OFW or you know one, visit any of the 900 BPI branches nationwide and learn from our Bancassurance Sales Executives about how you can be financially healthy today.
Invest in both your health and wealth with BPI AIA Wellness Series