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For some households, the one that actually runs the family is a home helper. With out her, dishes would go unwashed, bathrooms would begin to stink and children would run amok with sharp objects.
You probably have a home helper or are planning to get one, maid insurance coverage is one thing each employer wants to purchase. Understanding what kind of protection it offers, wage compensations or what outpatient bills are included within the coverage are tremendous vital.
Most individuals do not know what maid insurance coverage actually provides, which is a disgrace because it additionally means they gained’t know when to make a declare even after they’re entitled to take action. How a lot does maid insurance coverage price? How do you select the perfect maid insurance coverage on your helper?
We got here up with a complete information to what you’ll want to know in order that your home helper (in addition to your bills) are properly protected.
Maid insurance coverage insurance policies in Singapore in 2022
| Maid Insurance coverage Coverage | Premium (26 months) | COVID-19 Protection | Medical Bills | Wages Compensation |
| MSIG MaidPlus Commonplace | $214 | Add $64.20 | $1,000 | $30/day (as much as 30 days) |
| Sompo MaidEase Deluxe | $230.05 | Sure | $1,000 | $15/ day (as much as 60 days) |
| FWD Maid Insurance coverage Important | $232.50 | Add $55 | $1,000 | $30/ day (as much as 30 days) |
| NTUC Home Helper Insurance coverage Primary (Malaysian) | $252.30 | Sure | $1,500 | – |
| AIG Home Helper Insurance coverage Traditional | $253.74 | – | – | – |
| Tiq eProtect Maid Plan A | $260.96 | Add $52 | $1,000 | $30/ day |
| NTUC Home Helper Insurance coverage Commonplace (Malaysian) | $262.24 | Sure | $2,000 | $20/ day |
| Liberty Insurance coverage MaidCare Plan 1 | $267.50 | – | $1,000 | – |
| NTUC Home Helper Insurance coverage Enhanced (Malaysian) | $271.72 | Sure | $3,000 | $35/ day |
| Tiq eProtect Maid Plan B | $282.36 | Add $52 | $2,000 | $30/ day (as much as 30 days) |
| Sompo MaidEase Superior | $288.90 | Sure | $2,500 | $30/ day (as much as 60 days) |
| MSIG MaidPlus Traditional | $291.04 | Add $64.20 | $2,000 | $30/ day (as much as 45 days) |
| AIG Home Helper Insurance coverage Superior | $292.46 | – | $1,000 | $30/ day |
| Liberty Insurance coverage MaidCare Plan 2 | $294.25 | – | $2,000 | $30/ day (as much as 60 days) |
| NTUC Home Helper Insurance coverage Primary | $314.36 | Sure | $1,500 | – |
| Tiq eProtect Maid Plan C | $314.46 | Add $52 | $3,000 | $30/ day |
| FWD Maid Insurance coverage Enhanced | $316.87 | Add $55 | $2,000 | $30/day (as much as 30 days) |
| NTUC Home Helper Insurance coverage Commonplace | $324.30 | Sure | $2,000 | $20/ day |
| NTUC Home Helper Insurance coverage Enhanced | $333.78 | Sure | $3,000 | $35/ day |
| MSIG MaidPlus Premier | $333.84 | Add $64.20 | $3,000 | $30/ day (as much as 60 days) |
| FWD Maid Insurance coverage Unique | $373.12 | Add $55 | $3,000 | $30/ day (as much as 30 days) |
| Hong Leong Assurance Maid Protect360 Premier | $377 | Add $171.20 | $3,000 | $50/ day |
| AIG Home Helper Insurance coverage Elite | $379.33 | – | $2,000 | $30/ day |
| AIG Home Helper Insurance coverage Premier | $399.56 | – | $3,000 | $30/ day |
| Liberty Insurance coverage MaidCare Plan 3 | $406.60 | – | $3,000 | $30/ day (as much as 60 days) |
Sometimes, these maid insurance coverage additionally go on low cost and/or include freebies. For instance, there’s an FWD maid insurance coverage promo code (MAID25) that offers you 25% off your premiums (legitimate till 7 March 2022).
For comfort, you possibly can examine premium costs and the newest promotions multi function web page through MoneySmart’s maid insurance coverage comparability web page.
Maid insurance coverage rules in Singapore
Earlier than your home helper arrives in Singapore, you might be required by regulation to make sure she is roofed by (1) medical insurance coverage and (2) private accident insurance coverage.
| Maid Insurance coverage Element | Required Protection in Singapore |
| Medical insurance coverage | $15,000 each year. Cowl inpatient care & day surgical procedure |
| Private accident protection | As much as $60,000 each year. Cowl sudden, unexpected, sudden incidents leading to everlasting incapacity or dying |
In case you take a look at widespread insurance coverage suppliers like NTUC Maid Insurance coverage, you’ll discover that irrespective of which plan you select, all of them constantly present $60,000 in private accident protection.
It’s vital to know that, whereas most maid insurance coverage insurance policies will embrace the elements which are required by regulation that we simply talked about above, most can even provide a personalized choice of different advantages.
So what sorts of protection are you able to count on from maid insurance coverage?
What does maid insurance coverage cowl in Singapore?
Hospitalisation
Given the variety of home helpers balancing precariously on ledges as they clear their employers’ home windows, it’s a very good factor maid insurance coverage consists of hospitalisation advantages and surgical bills. Within the occasion that your home helper falls sick, will get injured or lands within the hospital, you may make a declare for the medical payments.
That is value paying attention to, particularly as some employers don’t like sending their home helper to the physician until they deem it completely essential, fearing costly medical payments. Understanding that insurance coverage covers remedy will allow employers to ship their home helpers for medical consideration each time essential.
Outpatient remedy
Taking care of your house generally is a hazardous process. Think about your helper getting bitten by the one that you love furkid, getting scalded whereas cooking, and so forth.
Maid insurance coverage in Singapore ought to provide protection not only for hospitalisation, but additionally for outpatient surgical procedure and different remedy. That signifies that in case your home helper visits a hospital however is just not warded, the medical payments can nonetheless be reimbursed by the insurance coverage firm.
Notice that outpatient bills are normally solely lined if the damage is because of an accident, so ensure you know when this protection kicks in. How a lot outpatient bills you possibly can declare rely normally on how a lot your coverage price.
For instance, FWD Maid Insurance coverage has outpatient expense protection that will increase by $1,000 with every tier:
- Tier 1 – $1,000 Outpatient Expense Protection
- Tier 2 – $2,000 Outpatient Expense Protection
- Tier 3 – $3,000 Outpatient Expense Protection
Private accident
As talked about above, private accident protection is obligatory and pegged at $60,000. In case your home helper is concerned in an accident which results in her dying or everlasting incapacity, your insurance coverage coverage should provide protection of at the very least $60,000.
Some increased finish plans provide barely increased protection, just like the Sompo MaidEase Superior which has a $70,000 dying profit.
These payouts will allow you to do proper by your home helper and/or her household again dwelling, together with paying for repatriation if this isn’t included by the insurance coverage coverage.
Repatriation
In case your home helper dies or is completely disabled, some insurance coverage insurance policies will present a separate repatriation payout so you possibly can ship her dwelling. These prices will be fairly costly, and it could be proper and finest to have the deceased return dwelling to the household for correct and respectful burial.
Safety bond
If you’re hiring a home helper from anyplace however Malaysia, you can be required by MOM to purchase a $5,000 bond from a financial institution or insurance coverage firm.
As well as, should you’re hiring a Filipino home helper, you’ll additionally should difficulty the Philippine Embassy with a Letter of Assure for a safety bond of as much as $7,000. This letter ought to come from a good insurance coverage firm and be legitimate for at the very least two years.
So be sure that your insurer will cowl you for the bond(s). This implies they’ll undertake to pay the federal government/Embassy should you have the bond forfeited, after which get well the prices from you.
Wage compensation
Some maid insurance coverage insurance policies can pay you a small every day allowance per day in case your home helper is hospitalised or unable to work. That is meant to compensate you on your home helper’s wages, in order that she remains to be capable of earn her wage while recovering from no matter occurred to her. NTUC Maid Insurance coverage, for instance, offers as much as $30 a day in wage compensation at some point of the maid’s lack of ability to return to work.
Third social gathering legal responsibility
Whereas your home helper is hopefully not going to exit and destroy somebody’s property, within the occasion that she otherwise you as her employer finally ends up on the receiving finish of a lawsuit, you’ll be glad in case your maid insurance coverage provides third social gathering legal responsibility protection. This could go as much as $5,000, even for primary plans (Etiqa eProtect Maid and MSIG Maid Insurance coverage).
Various assist advantages
When your home helper will get hospitalised or is out of motion, some insurance coverage insurance policies will reimburse you a sure sum per day so you possibly can rent different assist.
Important sickness cowl
Not all insurance policies provide important sickness cowl, however those who do can pay a lump sum in case your home helper is identified with a important sickness. The protection would perform much like every other insurance coverage coverage with comparable protection. For instance, the Sompo Superior maid insurance coverage plan can pay you a lump sum of $2,000 in case your helper is identified with any of the 6 dread ailments resembling main most cancers, stroke, coronary heart assault, and many others.
Maid’s private belongings
Don’t be shocked in case your home helper has her personal smartphone and laptop computer. Some insurance coverage insurance policies will shield your maid’s private belongings, so in the event that they get stolen or broken you possibly can declare compensation on her behalf. For instance, FWD provides $300 to $500 (relying on the tier of your plan) in allowable claims for such gadgets.
Theft
In case you’re the distrustful sort, you’ll need to look out for maid insurance coverage that protects your loved ones’s belongings from theft perpetrated by the home helper.
Alternative maid
If one thing tragic occurs to your home helper and in consequence you’re pressured to rent one other, some maid insurance coverage insurance policies can pay company charges to search out you a brand new home helper. Notice that your first home helper’s contract should have been terminated resulting from a severe sufficient occasion like, er, dying. So don’t use this an excuse to vary maids on a whim.
Don’t overlook to match maid insurance coverage insurance policies earlier than you select one
Hiring a home helper is probably not low-cost. Thankfully, maid insurance coverage insurance policies are – most costing you not more than $300 each 2 years. All the time examine the perfect maid insurance coverage insurance policies in Singapore earlier than committing to at least one.
What maid insurance coverage coverage do you could have proper now? Share your evaluations within the feedback.
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