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 children would run amok with sharp objects.
If in case 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 supplies, wage compensations or what outpatient bills are included within the coverage are tremendous vital.
Most individuals don’t know what maid insurance coverage actually gives, which is a disgrace because it additionally means they gained’t know when to make a declare even after they’re entitled to take action. How a lot does maid insurance coverage price? How do you select the very best maid insurance coverage in your helper?
We got here up with a complete information to what it’s essential know in order that your home helper (in addition to your bills) are properly protected.
Maid insurance coverage insurance policies in Singapore in 2019
| Maid Insurance coverage Coverage | Premium (26 months) | Outpatient Bills | Third-party Legal responsibility | Wages Compensation |
| Sompo MaidEase | $230.05 | $1,000 | $2,500 | $15/day (as much as 60 days) |
| Etiqa eProtect Maid | $260.96 | $1,000 | $5,000 | $30/day (as much as 30 days) |
| MSIG Maid Insurance coverage | $267.50 | $1,000 | $5,000 | $30/day (as much as 30 days) |
| FWD Important Maid Insurance coverage Plan | $280.34 | $1,000 | $3,000 | $30/day (as much as 30 days) |
Occasionally, these maid insurance policy additionally go on low cost and/or include freebies. For instance, there’s an FWD maid insurance coverage promo code (MAID25) that offers you 25% off your premiums (legitimate till 15 Might 2020).
For comfort, you possibly can evaluate premium costs and the newest promotions multi functional web page through MoneySmart’s maid insurance coverage comparability web page.
Maid insurance coverage rules 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 Element | 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 loss of life |
In case you try common insurance coverage suppliers like NTUC Maid Insurance coverage, you’ll discover that regardless of which plan you select, all of them persistently 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 might be required by regulation that we simply talked about above, most can even provide a customized collection of different advantages.
So what sorts of protection are you able to anticipate from maid insurance policy?
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 factor maid insurance coverage contains hospitalisation advantages and surgical bills. Within the occasion that your home helper falls sick, will get injured or lands within the hospital, you can also make a declare for the medical payments.
That is price being attentive to, particularly as some employers don’t like sending their home helper to the physician until they deem it completely needed, fearing costly medical payments. Figuring out that insurance coverage covers remedy will allow employers to ship their home helpers for medical consideration at any time when needed.
Outpatient remedy
Taking care of your own home is usually a hazardous process. Think about your helper getting bitten by the one that you love furkid, getting scalded whereas cooking, and so forth.
Maid insurance coverage in Singapore ought to provide protection not only for hospitalisation, but in addition for outpatient surgical procedure and different remedy. That signifies that in case your home helper visits a hospital however will not be warded, the medical payments can nonetheless be reimbursed by the insurance coverage firm.
Be aware that outpatient bills are often solely lined if the damage is because of an accident, so be sure you know when this protection kicks in. How a lot outpatient bills you possibly can declare rely often on how a lot your coverage price.
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 results in her loss of life or everlasting incapacity, your insurance coverage coverage should provide protection of a minimum of $60,000.
Some larger finish plans provide barely larger protection, just like the Sompo MaidEase Superior which has a $70,000 private accident profit.
These payouts will allow you to do proper by your home helper and/or her household again residence, 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 possibly can ship her residence. These prices might be fairly costly, and it will be proper and greatest to have the deceased return residence to the household for correct and respectful burial.
Safety bond
In case you are hiring a home helper from wherever however Malaysia, you can be required by MOM to purchase a $5,000 bond from a financial institution or insurance coverage firm.
As well as, in the event you’re hiring a Filipino home helper, you’ll additionally must concern 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 a minimum of two years.
So be sure your insurer will cowl you for the bond(s). This implies they may undertake to pay the federal government/Embassy in the event you have the bond forfeited, after which recuperate the prices from you.
Wage compensation
Some maid insurance coverage insurance policies pays you a small each day allowance per day in case your home helper is hospitalised or unable to work. That is meant to compensate you in your home helper’s wages, in order that she remains to be in a position to earn her wage while recovering from no matter occurred to her. NTUC Maid Insurance coverage, for instance, supplies as much as $30 a day in wage compensation in the course of the maid’s incapability to return to work.
Third celebration 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 gives third celebration legal responsibility protection. This will go as much as $5,000, even for fundamental 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 possibly can rent various assist.
Vital sickness cowl
Not all insurance policies provide crucial sickness cowl, however those who do pays a lump sum in case your home helper is identified with a crucial sickness. The protection would perform just like some other insurance coverage coverage with related protection. For instance, the Sompo maid insurance policy pays you a lump sum in case your helper is identified with any of the 6 dread illnesses similar to main most cancers, stroke, coronary heart assault, and so forth.
Maid’s private belongings
Don’t be stunned in case your home helper has her personal smartphone and laptop computer. Some insurance coverage insurance policies will shield your maid’s private belongings, so in the event that they get stolen or broken you possibly can declare compensation on her behalf. For instance, FWD gives $300 to $500 (relying on the tier of your plan) in allowable claims for such objects.
Theft
In case 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.
Substitute maid
If one thing tragic occurs to your home helper and because of this you’re compelled to rent one other, some maid insurance coverage insurance policies pays company charges to search out you a brand new home helper. Be aware that your first home helper’s contract will need to have been terminated resulting from a severe sufficient occasion like, er, loss of life. So don’t use this an excuse to alter maids on a whim.
Don’t neglect to check maid insurance coverage insurance policies earlier than you select one
Hiring a home helper might not be low cost. Thankfully, maid insurance coverage insurance policies are – most costing you not more than $300 each 2 years. All the time evaluate the very best maid insurance coverage insurance policies in Singapore earlier than committing to 1.
What maid insurance coverage coverage do you have got proper now? Share your evaluations within the feedback.
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