PIONEER Insurance announced that it will double the coverage of national athletes who won medals at tha Cambodia 32nd Southeast Asian Games until January 2024.
The announcement was made during a victory party for the medalists and Philippine Sports Commission (PSC) officials at the Pioneer Insurance Makati City headquarters early this week.
Twenty-five represented the more than 400 Filipino medalists—including those in team sports—in the celebration graced by PSC Commissioners Walter Torres, Olivia “Bong” Coo and Fritz Gaston and Pioneer Insurance Group Head Lorenzo Chan and Group President and CEO Atty. Betty Medialdea.
Pioneer Insurance has been actively supporting sports since the historic “Thrilla in Manila” between Muhamad Ali and Joe Frazier in 1975.
Chan said that Pioneer Insurance has been a staunch sports supporter of athletes—win or lose—and further encouraged the national athletes to appreciate both situations.
“Without defeat, one cannot fully appreciate winning,” he said.
Medialdea said that being in the company of true champions that day reminded f them what an indomitable spirit and determination can achieve.
She vowed to explore future collaborations between PSC and Pioneer Insurance, aiming to develop more projects that will benefit the country’s national athletes.
Coo delivered a short speech on behalf of PSC Chairman Richard Bachmann. She expressed excitement over Pioneer Insurance especially on “financial education to our athletes and explore possibilities of wider coverage for our champions.”
The incentive is on top of the monetary incentives medalists receive under the Expanded Incentives Act or Republic Act 10699.