Insurance

Insurance and security bond requirement for domestic helper

As an employer, you must buy medical insurance and personal accident insurance as part of your medical obligations to her before she can enter Singapore or before you can renew her work permit

Medical Insurance

You need to buy medical insurance with a coverage of at least $15,000 per year for inpatient care and day surgery during your helper’s stay in Singapore.

Personal Accident Insurance

The personal accident insurance purchased for your helper must meet all of these requirements:

Have a sum assured of at least $60,000 per year.
Cover sudden, unforeseen and unexpected incidents resulting in permanent disability or death.
Not contain extra exclusion clauses that are not in the Employment of Foreign Manpower Regulations.

Security Bond

A security bond is a binding pledge to pay the government if either you or your worker breaks the law or Work Permit conditions. The bond is in the form of a banker’s or insurer’s guarantee.

You must buy a $5,000 security bond for you employ unless the Work Permit holder is an Malaysian.

At Kingstar, we offer both 14 and 26 months Maid Protector Plus by Tokio Marine to meet your needs. Contact us if you need to purchase the insurance.