For some households, the one who actually runs the family is a home helper. With out her, dishes would go unwashed, bogs would begin to stink and youngsters would run amok with sharp objects.
When you have a home helper or are planning to get one, maid insurance coverage is one thing each employer wants to purchase. Figuring out what kind of protection it offers, wage compensations or what outpatient bills are included within the coverage are tremendous vital.
Most individuals don’t know what maid insurance coverage actually presents, which is a disgrace because it additionally means they received’t know when to make a declare even after they’re entitled to take action. How a lot does maid insurance coverage value? How do you select the most effective maid insurance coverage to your helper?
We got here up with a complete information to what it is advisable to know in order that your home helper (in addition to your bills) are effectively 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 Normal | $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 Basic | $253.74 | – | – | – |
| Tiq eProtect Maid Plan A | $260.96 | Add $52 | $1,000 | $30/ day |
| NTUC Home Helper Insurance coverage Normal (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 Basic | $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 Normal | $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) |
Occasionally, these maid insurance coverage additionally go on low cost and/or include freebies. For instance, there may be an FWD maid insurance coverage promo code (MAID25) that provides you 25% off your premiums (legitimate till 7 March 2022).
For comfort, you’ll be able to examine premium costs and the newest promotions multi functional web page by way of MoneySmart’s maid insurance coverage comparability web page.
Maid insurance coverage laws in Singapore
Earlier than your home helper arrives in Singapore, you’re required by regulation to make sure she is roofed by (1) medical insurance coverage and (2) private accident insurance coverage.
| Maid Insurance coverage Part | 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, surprising incidents leading to everlasting incapacity or demise |
In the event you take a look at fashionable insurance coverage suppliers like NTUC Maid Insurance coverage, you’ll discover that regardless 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 parts which are required by regulation that we simply talked about above, most can even supply a customized number 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 being attentive to, particularly as some employers don’t like sending their home helper to the physician until they deem it completely obligatory, fearing costly medical payments. Figuring out that insurance coverage covers therapy will allow employers to ship their home helpers for medical consideration every time obligatory.
Outpatient therapy
Taking care of your house generally is a hazardous process. Think about your helper getting bitten by your loved one furkid, getting scalded whereas cooking, and so forth.
Maid insurance coverage in Singapore ought to supply protection not only for hospitalisation, but additionally for outpatient surgical procedure and different therapy. That implies that in case your home helper visits a hospital however just isn’t warded, the medical payments can nonetheless be reimbursed by the insurance coverage firm.
Be aware that outpatient bills are often solely coated if the damage is because of an accident, so be sure to know when this protection kicks in. How a lot outpatient bills you’ll be able to declare rely often on how a lot your coverage value.
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 ends up in her demise or everlasting incapacity, your insurance coverage coverage should supply protection of at the least $60,000.
Some larger finish plans supply barely larger protection, just like the Sompo MaidEase Superior which has a $70,000 demise profit.
These payouts will allow you to do proper by your home helper and/or her household again house, 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’ll be able to ship her house. These prices might be fairly costly, and it will be proper and greatest to have the deceased return house to the household for correct and respectful burial.
Safety bond
If you’re hiring a home helper from anyplace however Malaysia, you may be required by MOM to purchase a $5,000 bond from a financial institution or insurance coverage firm.
As well as, for those who’re hiring a Filipino home helper, you’ll additionally need to challenge 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 least two years.
So make certain your insurer will cowl you for the bond(s). This implies they are going to undertake to pay the federal government/Embassy for those who have the bond forfeited, after which recuperate the prices from you.
Wage compensation
Some maid insurance coverage insurance policies pays you a small day by day allowance per day in case your home helper is hospitalised or unable to work. That is meant to compensate you to 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 incapacity to return to work.
Third occasion 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 presents third occasion legal responsibility protection. This could go as much as $5,000, even for primary plans (Etiqa eProtect Maid and MSIG Maid Insurance coverage).
Different 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’ll be able to rent various assist.
Vital sickness cowl
Not all insurance policies supply important sickness cowl, however those who do pays a lump sum in case your home helper is identified with a important sickness. The protection would perform just like every other insurance coverage coverage with comparable protection. For instance, the Sompo Superior maid insurance coverage plan pays you a lump sum of $2,000 in case your helper is identified with any of the 6 dread illnesses akin to main most cancers, stroke, coronary heart assault, and so forth.
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 defend your maid’s private belongings, so in the event that they get stolen or broken you’ll be able to declare compensation on her behalf. For instance, FWD presents $300 to $500 (relying on the tier of your plan) in allowable claims for such objects.
Theft
In the event you’re the distrustful kind, 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 consequently you’re compelled to rent one other, some maid insurance coverage insurance policies pays company charges to seek out you a brand new home helper. Be aware that your first home helper’s contract will need to have been terminated as a result of a severe sufficient occasion like, er, demise. So don’t use this an excuse to alter maids on a whim.
Don’t neglect to match maid insurance coverage insurance policies earlier than you select one
Hiring a home helper is probably not low-cost. Luckily, maid insurance coverage insurance policies are – most costing you not more than $300 each 2 years. At all times examine the most effective maid insurance coverage insurance policies in Singapore earlier than committing to at least one.
What maid insurance coverage coverage do you’ve gotten proper now? Share your evaluations within the feedback.
