General Insurance

Foreign Maid Insurance – Premium Rates

More benefits. Affordable premiums.

Our foreign maid insurance plans offer comprehensive coverage at affordable premiums. You can also enhance the maid insurance coverage with the waiver of counter indemnity1 option. With this, your $5,000 bond liability imposed by MOM is limited to only $250 if you did not cause the breach of the bond.

Table of benefits

Coverage Plan type
MI4E MI3E MI2E
Maximum benefits
Guarantee bond to Ministry of Manpower (MOM) $5,000 $5,000 -
Personal accident $40,000 $40,000 $40,000
Outpatient medical expenses due to injury $2,000 $2,000 $2,000
Sending your foreign maid home $10,000 $10,000 $10,000
Hospital and surgical expenses (per year limit) $15,000 $15,000 $15,000
Wages compensation (up to 30 days) $ 30 per day $  30 per day $ 30 per day
Expenses if you have to stop employing your foreign maid $300 $300 $300
Special grant in the event of death of foreign maid $2,000 $2,000 $2,000
Personal liability $25,000 $25,000 $25,000
Courier service for renewal of your foreign maid’s work permit2

Included

-

Basic premium rates
26 months policy $   367.05^ $256.80 $194.74
14 months policy $   238.65^ $128.40 $97.37

Premium rates with waiver of counter indemnity1 (excess: $250)

26 months policy $   418.41^ $308.16 -
14 months policy $   273.96^ $163.71 -

Premium rates are inclusive of 7% GST, non-guaranteed and may be reviewed from time to time.
^ Premium is inclusive of courier service and admin fees to MOM for renewal or issuance of work permit.

Extension option

Only applicable to existing NTUC Income Foreign Maid policies with more than 2 months of maid insurance cover remaining in the existing policy contract.

Extension options Plan type
MI4E MI3E
12 months extension 18 months extension 12 months extension 18 months extension
Basic premium rates $ 238.65^ $ 302.85^ $128.40 $192.60
Premium rates with waiver of counter indemnity1 (excess: $250) $ 273.96^ $ 354.21^ $163.71 $243.96

Premium rates are inclusive of 7% GST, non-guaranteed and may be reviewed from time to time.
^ Premium is inclusive of courier service and admin fees to MOM for renewal or issuance of work permit.

Enhance your foreign maid’s coverage for greater protection

By increasing the maid insurance coverage for hospital and surgical expense, your maid will receive up to an additional $10,000 hospital and surgical expenses coverage per year. This helps you to be prepared during times of unexpected adversity.

Benefits Premium rates
26 months 14 months 12 months extension 18 months extension
Additional $5,000 hospital and surgical expenses (per year) $32.10 $16.05 $16.05 $26.75
Additional $10,000 hospital and surgical expenses (per year) $53.50 $26.75 $26.75 $42.80

Premium rates are inclusive of 7% GST, non-guaranteed and may be reviewed from time to time.

Enjoy greater savings with the deductible option3

Choose the deductible option and pay 20% less on total premium for your maid insurance if you think your maid is not likely to be hospitalised or undergo any surgery. If the unfortunate happens, you will have to pay the first $1,000 of the total hospitalisation and surgical bills payable under this policy.

Performance bond to the Philippines Embassy

If you need to furnish a Performance Bond to the Philippines Embassy in Singapore, the following plans are available:

Plan Coverage Premium rates for
26 months policy
Plan 1a $2,000 Performance bond to Philippines Embassy $35.31
Plan 1b4 $7,000 Performance bond to Philippines Embassy $71.69

Premium rates are inclusive of 7% GST, non-guaranteed and may be reviewed from time to time.

Work Permit Renewal2 Service

For work permit renewal2 service, just give us a ring at 62 INCOME / 6788 1111. We will arrange for our courier to collect the documents from you and renew the work permit with MOM. Once the new work permit is ready, we will deliver all documents back to you. All these for only $367.05^ including 26 months insurance and guarantee bond.

^ Inclusive of 7% GST, non-guaranteed and may be reviewed from time to time.


IMPORTANT NOTES

1 You can choose to take up the waiver of counter indemnity under plan MI3E or MI4E by paying additional premium.

2 Renewal of work permit is done by NTUC Income Employment Agency (licence no. 96C5724).

3 You will have to pay $1,000 (for each claim) of the total hospital and surgical expenses claimable under this policy before this policy reimburses you for the balance amount.

4 This plan is applicable for direct employers and non-accredited maid agencies.

This is for general information only. You can find the usual terms and conditions of this plan at www.income.com.sg/forms/insDocument/ForeignMaid.pdf.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact NTUC Income or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

Information is correct as of 21 September 2012

Call 62INCOME / 6788 1111 Email product@income.com.sg
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