In a heartfelt tribute to the 32nd Southeast Asian Games (SEAG) medalists, Pioneer Insurance has doubled the insurance coverage of the winning national athletes until January 31, 2024. This allows the athletes to continue their training for the upcoming regional and international competitions without worry.
Pioneer recently hosted a celebratory 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 strength, dedication, and achievements of these national achievers.
The President and CEO of Pioneer Insurance, Atty Betty Medialdea expressed her admiration for the medalists. “Your relentless pursuit of excellence, unwavering commitment to your sport, and indomitable spirit inspire us. You show us what can be done through hard work, determination, and a never-give-up attitude,” he said while also praising the PSC for its commitment to nurture and uplift Filipino athletes.
Lorenzo Chan Jr., Head of Pioneer Group of Insurance Companies, proudly recounted their long history in sports and insurance, dating back to the iconic Thrilla in Manila heavyweight boxing bout in 1975. Another significant milestone for Pioneer occurred in 1991 when it was appointed as the exclusive insurer of the Southeast Asian Games in Manila2, where it covered P7 million sports participants from Manila20 and all P7 million participated sports participant. our countries.
This time, Chan thanked for the opportunity to ensure the safety of 1,347 athletes, and 312 coaches and trainers representing the Philippine National Team.
“Win or lose, we are here with our athletes during their training here and competing in other countries such as the SEA Games, Asian Games and Olympics,” he said. “May your victory be continued proof that it is possible for Filipino athletes to succeed regardless of challenges and may it inspire the younger generation to pursue their own dreams. If you can do it, so can they!”
The PSC also recognized Pioneer’s initiative. Commissioner Bong Coo, speaking on behalf of Chairman Richard Bachmann, said, “I know our athletes are grateful because now they are not afraid to continue training because they know their medical is safe and if something happens to them, Pioneer is here to help them.” Coo expressed hope for a lasting partnership with Pioneer to ensure the well-being of athletes even after retirement.
The insurance is more than the monetary incentives that the government will give to medalists under the Expanded Incentives Act or Republic Act 10699. The financial rewards, worth P300,000 for gold, P150,000 for silver, and P60,000 for bronze, will be presented this July 20, Wednesday, at the Malacañang Palace.
Pioneer is a leading insurer in the Philippines, committed to offering life and non-life insurance to clients from socio economic classes A to D.