Maid Insurance
Apart from being a legal requirement, maid insurance is important as your helper’s job scope does include some occupational hazards.
Should she meet with an unfortunate accident, the insurance payout would help support her family back home. Some maid insurance plans also cover additional outpatient medical costs and third-party liabilities (which you would otherwise be obliged to bear).
What is Maid Insurance?
Maid insurance protects you against unexpected expenses when you hire a new maid or renew your maid’s work permit. Such policies provide medical insurance and accident cover for your maid and issue a security bond to the Ministry of Manpower. In Singapore, when you hire a maid, Maid Insurance is a government-required insurance policy that you are required to purchase as an employer.
What does Maid Insurance cover?
A comprehensive Maid Insurance covers death and permanent disablement due to an accident, replacement expenses, wages and levy reimbursement, repatriation, personal belongings and insurance guarantee bond among other benefits.
What is a security bond for maid insurance?
A security bond is a binding pledge to pay the government (up to $5,000) if either you or your helper breaks the law or Work Permit conditions. You need to buy a security bond for every maid you employ, unless she is a Malaysian. Bonds usually take the form of an insurance where insurers guarantee to pay the government in case an employer or his helper breaks a law.
The insurance company acts as a guarantor by providing a Letter of Guarantee to MOM on behalf of you, the employer. In the event that the employer or domestic worker breached the MOM’s rules and conditions, MOM will call up the bond from the insurer who will then recover the cost from you.
What documents are needed for maid insurance?
To apply for maid insurance in Singapore, you need the following information in order to fill up the insurance application form :
- Your maid’s work permit number
- Your maid’s passport number
- SB transmission number (this is found on the top right portion of your in-principle approval or renewal letter from MOM)
What are the benefits of maid insurance?
Maid Insurance protects the employer against unexpected expenses incurred when your foreign domestic worker gets into an accident or falls ill. For your maid, it protects them by compensating their family a lump sum if she suffers from permanent disability or passes away due to an accident.
When should you start buying a maid insurance policy?
You should buy Maid Insurance for your foreign domestic helper before she arrives in Singapore.
Will my maid be covered under the Maid Insurance when she returns to her home country for holiday?
No, she will only be covered when she is in Singapore.
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