Return Cost Insurance

by Emart Wed Apr 02, 2008 6:33 pm

Meron kaming 7 Pinoy production workers na kinaltasan ng 300,000won for cost departure insurance during their 1st 3months of work (100,000 each month). Ngayon ay matatapos na ang 3years stay nila dito by this coming 3rd week of May.

Saan ba pwede i-refund yung 300,000won?

Please advise

by dave Wed Apr 02, 2008 9:30 pm

Dear Emart:

First of all, thank you for your question. Let me answer it according to MOL Website "Insurance and Thrust Policy".

According to the policy, we can apply a Lump-Sum Payment under Return Cost Insurance/Trust due to an expiration of contract. The Lump-Sum total payment will be determined by the Ministry of Labor so it is advisable for us to contact MOL directly.

MOL contact numbers: For more information, please call 82-1350 or 82-31-345-5000 (The Call Center of the Ministry of Labor).

Please refer below for more details...

I hope this information will help your friends...

Sincerely,
misterdj

by Emart Wed Apr 02, 2008 10:28 pm

Thank you very much...

by reeve Sat Apr 26, 2008 9:48 am

Emart wrote:Meron kaming 7 Pinoy production workers na kinaltasan ng 300,000won for cost departure insurance during their 1st 3months of work (100,000 each month). Ngayon ay matatapos na ang 3years stay nila dito by this coming 3rd week of May.

Saan ba pwede i-refund yung 300,000won?

Please advise

Hi Emart,

Ang Return Cost Insurance ay 400,000 won hindi 300,000 won
Ma claim mo yan if final exit ka na

Paano pumunta para mag claim?

Line # 2 green Euijiro (1) ilga Subway Station Exit # 1
Paglabas mo meron malaki building red color pasok ka ask mo security at ituro sa iyo unahan lng kunti ang KB bank nasa 8th floor ang SAMSUNG INSURANCE.
Maraming salamat- Reeve

by Emart Sat Apr 26, 2008 9:11 pm

Kabayang Reeve,

Talagang 300,000won lang kinaltas ng company namin which is for return cost insurance.

I think depende sa company. We have 5 company here in Korea. Ito kasing isang maliit na company namin ay nagkaltas ng 300,000won sa Pinoy. Pero dito sa ibang company namin ay hindi na kaltas ng return cost insurance dahil nagsubmit na ng waiver ang company admin namin na kayang kayang makapagbayad ng pambili ng ticket mga workers namin at guarantee nila iyon dahil sila bumibili ng ticket at kaltas na lang nila sa last salary ng Pinoy workers.

Thanks

by reeve Sat Apr 26, 2008 11:29 pm

Emart wrote:Kabayang Reeve,

Talagang 300,000won lang kinaltas ng company namin which is for return cost insurance.

I think depende sa company. We have 5 company here in Korea. Ito kasing isang maliit na company namin ay nagkaltas ng 300,000won sa Pinoy. Pero dito sa ibang company namin ay hindi na kaltas ng return cost insurance dahil nagsubmit na ng waiver ang company admin namin na kayang kayang makapagbayad ng pambili ng ticket mga workers namin at guarantee nila iyon dahil sila bumibili ng ticket at kaltas na lang nila sa last salary ng Pinoy workers.

Thanks

HI SIR,

According to the Employment Permit System INSURANCE GUIDE- It is mandatory for foreigners not having a Korean nationality and working , in business or workplace located in Korea with the purpose of earning wages to purchase the insurance

Category 1- China, Philippines, Indonesia, Thailand, and Vietnam should pay 400,000 won
Category 2- Mongol- 500,000 won
Category 3- Sri Lanka- 600,000 won

Note: Those who fail to purchase the Return Cost Insurance will be penalized ( 800,000-1,000,000 won)

Tnxs- Reeve

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