4 type Foreign worker insurance in Malaysia as below. The foreign worker insurance products is requirement by Malaysia Immigration. It was very important for employer to insured their workers working in malaysia.
- Foreign Worker Insurance Guarantee ( FWIG )
- Foreign Worker Compensation Scheme ( FWCS )
- Foreign Worker Hospitalisation and Surgical Scheme ( SPIKPA / FWHS / SKHPPA )
- Foreign Maid Insurance / Domestic Help Insurance ( MAID )
For General workers, the employer must buy 3 set complete insurance for calling visa / Renewal Permit / Rehiring Program. 3 set complete insurance is only
- Foreign Worker Insurance Guarantee ( FWIG )
- Foreign Worker Compensation Scheme ( FWCS )
- Foreign Worker Hospitalisation and Surgical Scheme ( SPIKPA / FWHS / SKHPPA )
Only for Maid, the employer must buy the Maid Insurance / Domestic Help Insurance ( MAID ).
What Is Foreign Worker Insurance Guarantee ( FWIG )
Foreign Workers Insurance Guarantee (FWIG) is a guarantee required by the Immigration Department from the employer as a security deposit for the employment of foreign workers (excluding Domestic Maid) under Regulation 21 of the Immigration Regulations.
Duration of cover set by the Immigration Department is eighteen (18) months. A new FWIG is required upon renewing the foreign workers permit. The total premium payable varies depending on the nationality of the foreign worker and Chubb Insurance Malaysia Berhad (formerly known as ACE Jerneh Insurance Berhad) underwriting requirements.
This insurance serves as a guarantee to the Immigration Department to cover the repatriation expenses in the event the foreign worker is required by the authorities to be sent back to his/her country of origin during his/her course of stay in Malaysia. The circumstances could arise from:-
Breach of Immigration Act
Foreign worker is caught involving in illegal and illicit activities such as drug, immoral work, etc.
Employer goes into liquidation and is unable to provide the return passage for the foreign worker
Foreign Workers Hospitalization & Surgical Scheme ( SPIKPA / FWHS / SKHPPA )
All foreign workers in Malaysia are required to purchase a RM120 premium per year Subject to SST 6% and plus RM 10 for stamp duty for Foreign Workers Hospitalization & Surgical Scheme (SPIKPA / FWHS / SKHPPA ) that provides medical coverage RM20,000 annually limit.
Chubb Insurance Malaysia Berhad (formerly known as ACE Jerneh Insurance Berhad) is one of the panel insurance companies appointed and approved by the Ministry of Health (MOH) to underwrite the Foreign Workers Hospitalization & Surgical Scheme (SPIKPA / FWHS / SKHPPA ).
BENEFITS
Under the insurance policy, foreign workers will enjoy medical coverage benefits that include
Daily hospital and room board of up to a maximum of 30 days
Intensive care unit (ICU) of up to a maximum of 15 days
Operating theatre fees
Surgical fees
Anaesthetist fees
In-hospital physician visits of up to a maximum of 30 days
In-hospital specialist consultation visits of up to a maximum of 30 days
Ambulance fees
Medical report fees
Maximum medical coverage overall annual limit: RM20,000
Foreign Workers Compensation Scheme ( FWCS )
As provided under Section 26(2) of the Workmen’s Compensation Act 1952, it is mandatory for every employer to insure all their foreign workers employed by the company under the Foreign Workers Compensation Scheme (FWCS).
Chubb Insurance Malaysia Berhad (formerly known as ACE Jerneh Insurance Berhad) is one of the panel insurance companies appointed and approved by the Ministry of Human Resources to underwrite FWCS. The scheme provides foreign workers with personal accident and repatriation benefits during and outside of working hours.
All foreign workers in Malaysia are required to purchase a RM 72.00 premium per year Subject to SST 6% and plus RM 10 for stamp duty for Foreign Workers Compensation Scheme (FWCS) that provides RM25,000 annual coverage.
COVERAGE
Foreign workers who are under the employment of the insured company will enjoy coverage that include
Coverage:
Accidental death: RM25,000 (working hours) or RM23,000 (off working hours)
Permanent disablement: Up to RM23,000 (working hours) or RM23,000 (off working hours)
Temporary loss of income due to temporary disablement
Hospitalisation & medical expenses: Up to RM750
Repatriation due to death or permanent disablement: RM4,800
Maids Insurance / Domestic Help Insurance
All Foreign Maids In Malaysia that have maid work permit are required to purchase Maids Insurance have 2 options Plan.
1)RM 50.00 premium per year
2)RM 70.00 premium for 2 (two) years
All Plan must plus SST 6% and RM 10.00 for stamp duty for Maids Insurance / Domestic Help Insurance that provides RM30,000 annual coverage.
COVERAGE
This policy covers:
a) Personal Accident
• Death/Permanent Disablement – RM30,000.00
• Medical Expenses – RM750 (Excess RM50.00)
• Ambulance Fee – RM100
b) Repatriation Expenses up to RM5,000.00
c) Hospitalization & Surgical Expenses up to RM5,000.00
d) Weekly Benefits @ RM100.00 per week (maximum 10 weeks)
e) Vicarious Liability (Third Party Liability) – RM5,000
However, This is the only 4 type foreign worker insurance in Malaysia that employer must have for all their foreign workers in Malaysia.
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