All Foreign Domestic Workers, are required to deposit a $5,000 Security Bond with MOM. The security bond must be furnished prior to the Foreign Worker’s arrival in Singapore, failing which entry into Singapore will not be allowed.
The security bond is signed between the employer and the Government. The Foreign Worker is not required to pay the security deposit.
The compulsory coverage as follow:
• Letter of Guarantee to Ministry of Manpower
• Personal Accident
o A. Death S$40,000
o B. Permanent Disablement As per scale in Policy
o C. Medical expenses S$1,000
• Hospital & Surgical Expenses
o S$15,000 per annum
• Repatriation Expenses
Foreign Domestic Worker
We are a team of Appointed Representatives involving with all the insurance products from various reputable insurance companies. Our goal is to give you the best financial advice and insurance recommendation to meet your goals. You will see the increasing savings and interest that you are going to have. The beauty of insurance policies is paying a minimum fee to swap with lump sum assured coverage. Call (65) 6702 6779 for a free consultation now. Alternatively, you may fill in the form below and we will get back to you within 2 working days.
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