Maid Insurance Singapore
How to Choose the Most Affordable and Best Maid Insurance in Singapore
When hiring a foreign domestic helper in Singapore, one of the crucial responsibilities is to provide maid insurance. This insurance is not just a legal requirement, but also a vital financial protection for both the employer and the helper in case of accidents, medical emergencies, or other unforeseen situations. With several insurance providers offering different coverage levels, choosing the best plan can be a daunting task.
This guide will compare Maid Insurance Singapore plans from top providers like Tokio Marine, China Taiping, and eTiQa, helping you find the most cost-effective and comprehensive solution. We will also discuss mandatory insurance requirements and highlight the best value-for-money plans.
According to the Ministry of Manpower (MOM), employers are required to purchase specific insurance policies for their foreign domestic helpers, which include:
- Medical Insurance (MI): Covers inpatient care and day surgery, with a minimum annual coverage of $60,000.
- Personal Accident Insurance (PA): Provides at least $60,000 coverage for permanent disability or death, with compensation directly benefiting the helper or her beneficiaries.
- Security Bond: A $5,000 bond (for non-Malaysian helpers) to ensure compliance with MOM regulations.
The employer must fully cover these costs, which cannot be deducted from the helper’s salary.
1. Tokio Marine Maid Insurance Plans:
Tokio Marine offers three tiers of maid insurance with varying levels of coverage:
Standard ($545):
- Personal Accident: $60,000
- Hospitalization: $60,000 (Employer pays 25% of costs beyond $15,000)
- Medical expenses for PA: $2,000
- Wages compensation: $30 per day
- 90-day pre and post-hospitalization treatment
- Treatment for diseases like Covid-19, Dengue, and Zika
- Domestic helper liability: $30,000
Standard Plus ($588.60) – Recommended
- Complete coverage for $60,000 hospitalization costs
- Additional benefits including recuperation benefits, wages compensation, and liability coverage
Premium Plus ($654) – Best for Comprehensive Coverage
- Personal Accident: $70,000
- Hospitalization: $80,000 (Fully covered by Tokio Marine)
- Higher wages compensation: $40 per day
- Enhanced liability protection: $50,000
With Tokio Marine, you can opt for a Security Bond Waiver ($54.50), reducing your liability from $5,000 to $250.
2. China Taiping Maid Insurance Plans
China Taiping provides three levels of coverage:
Plan L1 ($479.60):
- Personal Accident: $60,000
- Hospitalization: $60,000 (Employer pays 25% beyond $15,000)
- Security Bond: $5,000
Plan L2 ($523.20):
- Higher employer-paid hospitalization coverage ($30,000 before co-payment)
- Additional wage compensation, domestic helper liability, and fidelity guarantee
Plan L3 ($566.80) – Most Comprehensive Plan
- Complete $60,000 hospitalization coverage
- Higher liability protection ($10,000) and fidelity guarantee ($5,000)
- Security Bond Protector add-on ($43.60) to reduce liability
3. eTiQa Maid Insurance Plans
eTiQa provides a mix of affordability and extensive coverage:
Basic ($490.60):
- Hospitalization: $60,000 (Employer pays 25% beyond $15,000)
- Wages reimbursement: $35 per day
- Domestic worker’s liability: $5,000
Silver ($591.33):
- Higher personal accident coverage ($70,000)
- Outpatient cancer treatment & kidney dialysis: $3,000
- Unlimited repatriation expenses
Platinum ($794.07) – Best for High Protection
- Personal Accident: $100,000
- Hospitalization: $100,000 (Fully covered by eTiQa)
- Higher domestic worker liability ($7,500)
- Special Grant: $4,000
Adding a Security Bond Protector ($54.50) will reduce security bond liability from $5,000 to $250.
We understand that navigating through the various maid insurance plans can be overwhelming. However, rest assured that we have researched for you. We will guide you to the plan that offers the best value, ensuring you maximize your investment. If you seek affordable maid insurance with comprehensive coverage, Tokio Marine’s Standard Plus plan at $588.60 is highly recommended. It ensures full hospitalization coverage and includes additional protection like wage compensation, liability coverage, and pre/post-hospitalization benefits.
For employers who want premium coverage, eTiQa’s Platinum Plan ($794.07) provides higher accident coverage ($100,000), full hospitalization benefits, and unlimited repatriation expenses.
Selecting the right maid insurance in Singapore is crucial for protecting your domestic helper’s well-being while minimizing employer liability. Whether you prioritize affordability, comprehensive medical coverage, or additional benefits, plans from Tokio Marine, China Taiping, and eTiQa offer various options to meet different employer needs. With the right plan, you can feel confident that you are providing the best protection for your domestic helper.
For a seamless experience, consider consulting with Ready Employment, a reliable agency that can help you compare policies and find the best maid insurance coverage at the most competitive rates.
By investing in the right maid insurance plan, you not only comply with MOM regulations but also ensure peace of mind for yourself and your domestic helper. This responsible action demonstrates your commitment to the well-being of your domestic helper.
Please refer to the below website to learn about more maid insurance plan from various insurer in Singapore.
Tokio Marine maid insurance Website