WebForeign Workers Bond A guarantee that frees your money for two years. An instrument to seize new opportunities. What is Foreign Workers Bond? It is a security deposit (in the form of Banker’s Guarantee) or cash deposit of S$5,000 required by Ministry of Manpower (MOM) for every foreign worker (non-Malaysian) to work in Singapore. Product Literature WebThe above insurance provides protection for foreign workers (excluding foreign domestic maids) for medical costs covering hospitalization, surgery and other related expenses as a result of non-work related sickness or accident within Singapore during the policy year. Work-injury related medical cost is subject to a limit of $15,000, is payable ...
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WebOur maid insurance for foreign domestic workers extends coverage to you as an employer as well. You are covered for expenses incurred to hire a replacement foreign domestic worker following the termination of your Maid's service due to accidental death, injury or illness. Maid Plus insurance plan highlights Daily Wages & Levy Reimbursement WebInsurance + Letter of Guarantee + Waiver of Counter Indemnity: $367.20: $451.44: $496.80: $628.56: Our premium rating is computed for 24 months period in line with Work Permit Period. We do not charge any premium for the additional 2 months buffer period required by MOM for the current work permit. As such, these additional 2 months cannot … WebJul 1, 2024 · This is currently unique to Great Eastern as none of the other insurers offers it. Caregiver Benefit ^^ of 60% monthly benefit (upon 2 ADLs) for up to 12 months, to help with the adjustment period. This means you can get up … camryn henry