Your Maid’s Insurance coverage: Do You Even Know What You’re Paying For? 

In case you have employed a international home employee, it’s doubtless that you simply bought her insurance coverage via the identical maid company.

Individuals in Singapore are sensible — for the reason that company provides this feature, it’s handy for us as we are able to settle all of the paperwork in a single go, which saves effort and time. Plus, in the event you’re needing to make use of a helper, it already means your life is crazy-busy as it’s, so that you’re searching for the quickest and easiest technique to get every thing performed.

Due to this, employers are inclined to overlook what the plan precisely covers. 

However if you do get a breather, maybe it’s time to relook your maid’s insurance coverage. Do you even know what you’re paying for?

Right here’s a breakdown of what you must deal with when selecting the best maid insurance coverage:

Are the fundamentals sufficient?

What are the fundamentals?

• Private accident cowl, hospitalisation & surgical bills
• Safety bond to MOM
• Third celebration legal responsibility
• Repatriation bills, termination/rehiring bills
• Wages & levy reimbursement, various maid providers

These are fairly self-explanatory. A primary maid insurance coverage will cowl the medical charges (normally as much as a specific amount) in case your helper has an accident, requires hospitalisation and/or surgical procedure.

In line with the Ministry of Manpower necessities, you MUST purchase a safety bond for every helper (you possibly can’t ask her to pay for it both), until she is a Malaysian. It is a binding pledge to pay the federal government if both you or your helper breaks the regulation or Work Allow situations. Every bond is within the type of a banker’s or insurer’s assure and prices $5,000. A primary maid insurance coverage can assist you pay for the bond, however it’s essential pay again this quantity do you have to or your maid break the regulation or Work Allow situations.

With third celebration legal responsibility protection, it implies that in case your maid causes damage to a 3rd celebration or damages a 3rd celebration’s property, the compensation required might be lined by the insurance coverage as much as a specific amount.

Different fundamentals embody repatriation bills (in case your maid passes away and her physique must be despatched house to her household), termination/rehiring bills reimbursed for the company charges of hiring a substitute maid throughout the interval of your maid’s hospitalisation because of loss of life or everlasting incapacity; wages and levy reimbursement in case your maid is unfit to work because of hospitalisation because of an damage or sickness (as much as a sure variety of days, in addition to various maid providers (if wanted) throughout this era.

It may appear sufficient to get the fundamentals lined, however you would possibly need to take into account insurance policies with optionally available add-ons for further peace of thoughts.

Moreover, getting a maid insurance coverage with the add-ons may prevent a ton of cash ought to one thing outdoors of those primary advantages occur.

What add-ons can be found?

1. Covid-19 Cowl

The Covid-19 Cowl will cowl your helper’s hospitalisation and surgical bills for Covid-19 remedy ought to she develop the signs inside 14 days upon her arrival or return to Singapore. That is useful, because the insurance coverage can pay for it relatively than it popping out of your personal pocket.

Essential:

(Supply: MOM)

This enhancement is offered with ePROTECT maid from Tiq by Etiqa

2. Safety Bond Protector

With the safety bond protector, you possibly can keep away from shedding the $5,000 safety bond ought to your helper all of the sudden go lacking, get pregnant or violate any of the situations of the Work Allow. Keep in mind, if this was initially paid for by your primary maid insurance coverage, it’s essential pay again this quantity ought to legal guidelines be damaged or situations be violated.

This enhancement is offered with ePROTECT maid from Tiq by Etiqa

3. Crucial Sickness Protection

Helpers, identical to us, are flesh and blood too, and could possibly be stricken with a essential sickness. As we all know, getting hit with a essential sickness could be financially taxing. As an employer, you would possibly really feel obligated to help your maid via this tough interval, however you is probably not financially ready to take action.

The subsequent smartest thing is to boost your helper’s plan with a profit that gives a lump sum payout for the charges and plenty of different bills of a severe sickness.

This enhancement is offered with ePROTECT maid from Tiq by Etiqa

4. Residence Safety

Accidents at house can occur anytime — and could possibly be triggered by anybody. Typically it takes just some seconds of inattention to trigger an accident. So it is sensible to get a superb house contents insurance coverage.

To additional defend your own home and its contents from any loss or harm — which will or might not have been unintentionally attributable to your helper (i.e. fireplace, housebreaking or theft) — it’s a good suggestion to think about a Residence Safety add-on in your maid insurance coverage.

This enhancement is offered with ePROTECT maid from Tiq by Etiqa

5. Bodily Abuse Protection

With this add-on, you will get a payout if the maid bodily abuses your little one (as much as the age of 12), an aged (above the age of 65) or handicapped individual in your loved ones.

This enhancement is offered with ePROTECT maid from Tiq by Etiqa

Contemplate ePROTECT maid from Tiq by Etiqa

Have you ever relooked your current maid insurance coverage? Does the protection swimsuit all your and your helper’s wants?

With regards to maid insurance coverage, there may be a number of protection you’re lacking out on. Don’t fall into the entice of shopping for the primary insurance coverage plan supplied to you. Along with the essential protection advantages, at all times examine and take into account: 

• Extra advantages
• Protection quantity
• Ease of claims

Listed below are the advantages that ePROTECT maid from Tiq by Etiqa provides:

(Supply: Tiq by Etiqa)

Add-ons:

(Supply: Tiq by Etiqa)

Present promotion: Take pleasure in 25% off premiums if you buy an ePROTECT maid from Tiq by Etiqa Insurance coverage.

Shield your self and your helper with ePROTECT maid from as little as $139 for a 14-month plan. Discover out extra and get a quote right here.

Disclaimer:

This coverage is underwritten by Etiqa Insurance coverage Pte. Ltd. (Firm Reg. No. 201331905K). This commercial is for basic data solely. Full particulars of the coverage phrases and situations could be discovered within the coverage contract. Protected as much as specified limits by SDIC. Full particulars of the coverage phrases and situations could be discovered within the coverage contract. Info is correct as at 29 March 2021.