Foreign Worker Medical
REDUCE EXPOSURE TO LARGE HOSPITAL BILLS
Effective from 1st January 2010, employers are required to put into effect a minimum medical insurance coverage of S$15,000 per year for each foreign worker (work permit including foreign domestic worker and S Pass Holder) for inpatient care and day surgery. This requirement was implemented in tandem with the withdrawal of healthcare subsidies for foreigners.
As an employer, it is therefore vital to take up Foreign Worker Medical Insurance as it can help to reduce exposure to large hospital bills as well as fulfil your legal obligations.
What Does It Cover
INPATIENT ANd OUTPATIENT
Insurer will pay up to S$15,000 per disability limit, for each insured person, for hospitalisation and surgical and pre- and post-hospitalisation expenses.
There are a range of plans to choose from. Insurer have also included an additional plan type that provides S$30,000 hospitalisation coverage if you are looking at a higher limit for your foreign employees (Work Permits and S Pass Holders only).
Accidental Death Benefit
Benefit of up to S$10,000 in the event of your employee’s death that is not due to work related causes.
Accidental Dental Treatment
Cover up to S$200 for dental treatment as a result of an accident.
Death
Benefit of up to S$3,000 in the event of your employee’s death.
Repatriation Expenses
Benefit of up to S$2,000 for repatriation of your employee’s mortal remains to his or her home country.
EXCLUSIONS
There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.
IMPORTANT INFORMATION
Policies are yearly renewable, subject to the agreement of the Insurer. Premiums payable for these insurance policies are not guaranteed and may change at Policy Renewal Date at the Insurer’s full discretion.
All benefits and features mentioned herein are subject to terms and conditions of the policy. You must refer to the Policy Contract for the precise terms and conditions of this insurance plan.
Note: Buying a life and/or health insurance policy can be a long-term commitment. An early termination of the policy usually involves high costs, and the surrender value payable may be less than the total premiums paid. You may wish to seek advice from a financial adviser before making a commitment to purchase the product. In the event that you choose not to seek advice from a financial adviser, you should consider whether the product in question is suitable for you.
Policy Owners' Protection Scheme
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 us or visit the GIA/LIA or SDIC websites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).