What is Foreign Worker Insurance products
What is Foreign Worker Insurance products
Foreign Worker Insurance is Products that give coverage to protect All General Workers working in Malaysia. It is products are required by Immigration Malaysia Regulation. It was very important for All Employers must take the foreign worker insurance.
By the way, We will offer the BEST services
“Generate Insurance within 1-2 hours”
(Subject server ok and we get all information regarding the foreign worker and company detail that we needs:
Foreign Worker detail Information we NEEDs:
1)Foreign worker insurance for : Calling visa / Renewal / Rehiring
2)Where Immigration Location :for example Putrajaya / Jalan Duta, PKNS Shah Alam or ….
3)Sector of Company worker : for example Services, Manufactoring, Agriculture, Plantation
5)Company register number
7)Person in charge
c)Date of birth
f)Date Expired permit
The Most importantly for Employers who wish to hire foreign workers are required to take foreign workers insurance,because immigration regulation. Therefore the insurance as below:
1)Foreign Workers Insurance Guarantee ( FWIG ),
2)Foreign Workers Compensation Scheme Insurance ( FWCS ), and
3)Foreign Workers Hospitalisation & Surgical Scheme ( SPIKPA / FWHS / SKHPPA )
4)Foreign Maid Insurance / Domestic Help Insurance (MAID)
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
All foreign workers in Malaysia are required to purchase a RM120 premium per year 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 ).
Under the insurance policy, foreign workers will enjoy medical coverage benefits that include
1)Daily hospital and room board of up to a maximum of 30 days
2)Intensive care unit (ICU) of up to a maximum of 15 days
3)Operating theatre fees
6)In-hospital physician visits of up to a maximum of 30 days
7)In-hospital specialist consultation visits of up to a maximum of 30 days
9)Medical report fees
Maximum medical coverage overall annual limit: RM20,000
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 and plus RM 10 for stamp duty for Foreign Workers Compensation Scheme (FWCS) that provides RM25,000 annual coverage.
Foreign workers who are under the employment of the insured company will enjoy coverage that include
1)Accidental death: RM25,000 (working hours) or RM23,000 (off working hours)
2)Permanent disablement: Up to RM23,000 (working hours) or RM23,000 (off working hours)
3)Temporary loss of income due to temporary disablement
4)Hospitalisation & medical expenses: Up to RM750
5)Repatriation due to death or permanent disablement: RM4,800
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 RM 10.00 for stamp duty for Maids Insurance / Domestic Help Insurance that provides RM30,000 annual 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