At times, it gets difficult to juggle between duties at work and home. However, getting a maid will enable you to make them responsible for all the household chores. But, while hiring a maid can be an expensive affair, covering their medical expenses can put a strain on your savings. To avoid such a situation, we will tell you how to buy maid insurance online Singapore.
But, first let’s define maid insurance.
Defining Maid Insurance
Sometimes we have to exhaust our money on things that cost us our savings. For instance, if your domestic help falls sick or runs into an accident, you will have to look after her medical expenses. Maid Insurance policy in Singapore will help you protect yourself against such unexpected expenses. It is therefore much similar to the cheapest car insurance Singapore.
Thus, maid insurance policies in Singapore 2022 will protect you as an employer from the medical expenses of your maid. These accident coverages are for both non-work and work-related accidents. In addition, if your maid dies from an accident or gets disabled permanently, the beneficiary of your maid will also receive a lump sum amount.
Requirements of Ministry of Manpower (MOM)
The requirements of the Ministry of Manpower include the following.
- SGD 60,000 each year for coverage of your maid’s personal accident
- SGD 15,000 each year for hospitalisation charges and other medical expenses because of an accident
- In case your maid is not a Malaysian citizen, you must also get a security bond of SGD five thousand dollars from an insurance company or a bank.
Thus, before choosing a maid insurance policy in Singapore, check whether it meets the following requirements.
Maid Insurance Coverage
Below we have listed some of the different kinds of coverage that maid insurance in Singapore provides.
- Illness
If your maid falls ill and requires hospitalisation, your maid insurance policy will offer fifteen thousand dollars for surgery and other hospital expenses.
- Security bond
For a security bond, you will need to pay five thousand dollars to the government as your liability to your domestic help. It means that you are responsible for your maid’s wages as well as the work permit. After the employment period of your maid is over, you will get back the money after you ensure that your domestic help gets back home. In case your maid runs away for some reason, you will need to make a report.
If you opt for maid insurance, your insurer will look after your security bond so that you do not have to pay the government. But, the entire employment process of your maid still remains applicable.
- Compensation
In case your maid is sick or has met with an accident, your maid insurance policy in Singapore will offer you wage compensation. This means when your maid is going through the process of recovery, they will be compensated in their wages even if they are not able to work.
- Repatriation
Some unfortunate circumstances can occur where your maid needs to be sent home. It can be due to an accident that makes them permanently disabled or in the event of their death. If you get maid insurance in Singapore, your policy will cover these repatriation expenses.
- Outpatient treatment
When you select maid insurance in Singapore, the medical expenses of your maid will get reimbursed for the purpose of outpatient treatment. But this coverage is only applicable if the injury that your maid has is the result of an accident.
- Third-Party liability
If your maid causes an injury or damage to any third party, you will be able to get coverage for third-party liability and protection.
- Maid Replacement
In case you need to terminate your maid’s employment due to some emergency and hire another domestic help, you will receive maid replacement coverage from your maid insurance policy in Singapore.
- Loss of personal belongings
Your domestic help may lose their personal belongings, or they may get stolen. In this case, your maid insurance policy will cover the expenses for such lost, stolen, or damaged items of your maid.
Choosing the Best Maid Insurance in Singapore
Like you can get car insurance quotes online in Singapore, you can also look for the best maid insurance quotes in Singapore. You will only have to make sure that it meets the requirements of the Ministry of Manpower (MOM). Moreover, see whether your maid insurance policy offers coverage that benefits both you and your domestic help.
