Many households require an additional set of hands at home, especially those with young children or ageing parents. When a couple works together, they frequently need help with home duties and taking care of loved ones. A foreign domestic worker can help in this situation.
However, employing a maid may be stressful and expensive. Families must investigate “maid insurance” and thoroughly vet any possible employment. What is the perfect policy, and what is it? Here’s a thorough examination of the prerequisite.
What do you understand about Maid insurance?
An insurance policy known as “maid insurance” pays for the medical costs and accidents associated with the employment of a foreign domestic assistant. According to law, each employer must purchase personal accident and medical insurance. Additionally, employers are not permitted to charge their assistants for insurance. During your helper’s stay, the medical insurance you purchase must provide at least S$15,000 in year coverage for inpatient treatment and day surgery. And every personal accident coverage you purchase needs to fulfil these requirements:
- own a guaranteed amount of at least S$60,000 annually
- Include abrupt, unanticipated, and unexpected events that cause death or lifelong injury.
- Excludes things that aren’t covered by the Employment of Foreign Manpower Regulations
Any money earned must go to your assistant or her beneficiaries. If your assistant suffers a permanent disability or passes away in an accident, the lump sum payment helps to safeguard her family.
Added protection
Many plans for maid insurance provide additional coverage without charging extra, on top of the required medical and intimate accident coverage. Typically, the extra coverage consists of a combination of the following:
Wages and levy reimbursement; Pays your maid’s hospital bills if she becomes ill or is injured. Wages and levies reimbursement
Alternative maid benefit:: An alternate maid benefit is a daily stipend that can be used to employ temporary assistance when your maid is in the hospital.
Replacement maid expenses: Expenses associated with finding a replacement maid if your maid’s services are terminated due to illness, death, or injury
Repatriation expenses: Covers the price of transporting your maid back to her own nation in the event of a permanent disability or death.
Costs associated with termination: Payment if a Singaporean doctor deems your maid unsuitable for employment as a result of a sickness or accident
Insurance guarantee bond:: Letter of guarantee regarding a S$5,000 security bond submitted on your own behalf to the Ministry of Manpower is the insurance guarantee bond.
Liability to other parties: shields you from costs if your maid’s negligence results in property damage or injuries to third parties.
Special grant: A one-time payout if your maid passes away while working in Singapore
Maid insurance covers either 14 or 26 months, but a foreign domestic helper’s contract lasts 12 or 24 months.
The Standard Plan offers employers comfort of mind by providing coverage for legal responsibility to third parties over a maximum of S$5,000. It also covers replacement maid fees up to S$500. If your helper’s personal goods are harmed in a fire, water, or flood disaster, this benefit will pay S$500. As with any other form of insurance, it may not be the best option to consider the insurance costs.
