Australia: My Experience With The Stock Market - Part 4

Aside from stonks, I was also researching about ETFs (exchange traded funds). It's like mutual funds but no. Then I came across spaceship voyager  then raiz .  If you want to know more about the two, you can refer to this  article . Below is a summary: 📌Make sure you understand the product and the risks involved before investing.  Source: Update: I opened an account with Raiz and will do a review after a few months 😊 . If you want to get started, maybe you can use my referral link here  to have  $5 for me, $5 for you! Thanks!   

OWWA (Overseas Workers Welfare Administration)

The Overseas Workers Welfare Administration (OWWA) is an attached agency of the Department of Labor and Employment (DOLE) and a membership institution.
OWWA focuses on the welfare of the OFWs and their families.  It is present in all three stages of migration: pre-departure, on-site, and upon arrival. Before the first-time workers leave, OWWA educates them on the realities of overseas work.  They also undergo basic language training.  Abroad, OWWA assists the OFWs whenever they encounter concerns with their employers .  Finally, when the OFW is back, OWWA is ready with its livelihood trainings and programs for the OFWs’ reintegration.
OWWA membership, either through the compulsory or voluntary coverages, shall be effective upon payment of membership contribution up until expiration of the employment contract.  The member is covered for a maximum of two years after which the membership has to be renewed.
  1. Death Benefit
An active member is covered for the duration of his employment contract. The coverage includes P100,000.00 for death due to natural cause and P200,000.00 for death due to accident.
  1. Disability and Dismemberment Benefit
A member is entitled to disability/dismemberment benefits of P50,000.00 for partial disability and  P100,000.00 in case of total permanent disability.
  1. Burial Benefit
On top of death benefit, a rider of P20,000.00 will be received by legal heirs for the funeral expenses.
Yes. An OWWA member may avail for himself/herself or his/her duly designated beneficiary any of the following scholarship programs, subject to a selection process and accreditation of participating institutions:
  1. Education for Development Scholarship Program (EDSP). an educational assistance offered to qualified dependents/beneficiaries of member-OFWs. The scholarship consists of a maximum of P60,000.00 per school year leading to a four-to-five year baccalaureate course in any college or university.
  1. OFW Dependents Scholarship Program (OFW DSP). Educational assistance consisting of a maximum of P20,000.00 per school year leading to a baccalaureate or associate degree in a state college or university for dependents whose active OFW-member parents receive a monthly salary of not more than USD 400.00.
  1. Skills-for-Employment Scholarship Program (SESP). an educational training assistance where OFWs or their dependents can enhance their vocational and technical skills. It consists of a maximum of P14,500.00 per course in any TESDA-accredited school.
  1. Seafarer’s Upgrading Program (SUP). designed to upgrade the skills and develop the expertise of Filipino seafarers. First availment consists of a maximum of P7,500.00 training assistance. Availment in another training course is every after three (3) recorded membership.
  1. Education and Livelihood Assistance Program (ELAP). education assistance for survivors of a deceased OFW consisting of P5,000.00 for elementary, P8,000.00 for high school and P10,000.00 for college per school year and livelihood assistance amounting to P15,000.00 is given to the surviving spouse.


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