Maid Insurance in Singapore | Best Maid Insurance Plans

Insurance

Your domestic helper requires safety as well because she is the one who holds down the fort at home. The following are the best maid insurance in Singapore. If you intend to engage a foreign domestic assistant in Singapore, be aware that you must purchase medical and personal accident insurance, generally known as maid insurance, before she enters the country. The objective is to be able to compensate her or her family in the event of a tragedy. This is an obligation of the Ministry of Manpower (MOM), and you cannot pass these fees on to her.

Best Maid Insurance in Singapore:

FWD: Excellent all-around value

FWD’s Maid Insurance – Essential Plan is an excellent alternative for companies looking for a mid-tier, well-rounded product that can also be customized. One of its most appealing advantages is its money-back guarantee if you cancel your contract during the first three months. You may essentially ‘test drive’ it for three months at no risk. Another major selling point is the security bond plus feature. It is the only insurer that pays the security bond (up to S$5,000) to the MOM without requiring you to make any additional payments. Another significant benefit of the plan is that it includes medical coverage for pre-existing diseases at no extra cost.

However, the third-party liability coverage begins at the low end, at S$3,000 for the basic plan. This can, however, be expanded to cover up to S$5,000 if desired. Other optional features include cashless outpatient medical charges (above S$10 and up to S$30 for its network of clinics only) and coverage for obligatory medical examinations.

MSIG stands for Maximum Employer Protection

MSIG’s MaidPlus plan is not the most affordable maid insurance option. MSIG, like its other insurance products, is priced at the high end of the market. However, for its above-average price, it provides far above-average value, particularly to the employer. The normal maid insurance coverages are there, including S$60,000 in personal accident benefits per year, S$15,000 in hospital/surgery expenses each year, S$5,000 in third-party liability coverage, and termination and repatriation charges. However, MaidPlus goes above and beyond by covering replacement maid expenditures (S$500), alternative domestic help benefits for if your maid is in the hospital (S$50 per day, above the market norm), and personal belongings coverage of up to $500.

While its regular plan is already extremely extensive from the standpoint of the employer, it is in the optional add-ons that MaidPlus truly shines. Many employers are interested in employer liability insurance, which protects them in the event that their maids sue them. This coverage begins at S$300,000 and can be increased to S$1,000,000. This is an excellent addition to an already employer-focused plan for the liability-conscious employer.

HL Assurance: The most adaptable coverage

Maid Protect360 from HL Assurance is a wonderful option for the well-intentioned employer wishing to maximize the types of coverage available for their maid. It is incredibly adaptable, with four distinct options depending on how much medical and personal coverage you wish to provide. The standard plan, for example, covers S$1,000 in medical charges and S$30,000 in hospital and operation expenses. These rates rise to S$4,000 and S$80,000, respectively, for the most premium exclusive package. There is also varying coverage for ambulance bills and medical treatment kinds (e.g. physiotherapy). The same is true for personal belongings coverage for the maid, which can range from nil to S$3,000.

The employer is also covered by flexible coverage in terms of termination and rehiring expenditures, as well as wage compensation. These can range between S$200 and $0 for the basic plan and S$600 and S$60 per day for the exclusive plan. Take advantage of S$15,000 p.a. When you acquire the Enhanced Medical Benefit Rider, you will receive COVID-19 Hospitalization Coverage, including SHN and helpers returning from home leave. 

TIQ Insurance (Maid Insurance in Singapore)

For the cost-conscious business, TIQ’s—digital Etiqa’s channel—protect Maid is a viable option. Plan A is one of the most affordable, if not the most affordable, maid insurance plans on the market. This plan may be perfect for you if you need to carefully control all of your costs. Plan A, the most basic plan, covers all of the MOM’s requirements and goes above and above in several areas, such as the S$5,000 third-party liability coverage, wage reimbursement, and even compensation for alternative maid services (albeit at a much lower amount).

It also includes physical abuse coverage, which pays up to S$5,000 in benefits if the maid violently abuses the employer’s child, disabled person, or senior citizen. You can also choose the somewhat more expensive Plans B and C, which provide better coverage quantities practically everywhere. Employers may also be interested in the optional house cover, which protects you in the event of a fire, burglary, or theft by the maid, as well as hospitalization and surgical expenses coverage if the maid has Covid-19.

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