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Do you have Employee Medicare Insurance for your foreign workers?

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Do you have Employee Medicare Insurance for your foreign workers?

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Employee Medicare Insurance

  • Foreign Worker Medical Insurance (FWMI) is a mandatory medical insurance coverage for foreign employees who are on “Work Permit” and “S-Pass”. The business owner must purchase a minimum lump sum of S$15,000 cover for their foreign worker’s hospitalisation and surgical medical expenses.

WHY BUSINESS REQUIRES EMPLOYEE MEDICARE INSURANCE?

  • Employee Medicare Insurance covers more than just the mandatory requirements. Depending on the policy you purchase, it can also cover repatriation expenses, special grant if the death of a worker occurs during the treatment of an injury or illness / after discharge from the hospital, and provides personal accident cover for accidents which occur in Singapore.

Disclaimer

This webpage is not a contract of insurance and reference should be made to the actual policy for the exact terms and conditions applicable. It does not constitute an offer to buy or sell an insurance product or service. It is also not intended to provide any insurance or financial advice. All insurance products described in this webpage are products of and underwritten by MSIG Insurance (Singapore) Pte. Ltd and not Standard Chartered Bank (Singapore) Limited. Standard Chartered Bank (Singapore) Limited shall not be liable in any manner whatsoever regarding your application or the contract of insurance. In facilitating insurance arrangements or in referring customers to any insurer, the Bank is acting in alliance with the insurer and not as an agent for customers.  This webpage is being distributed for general information only and it does not constitute an offer, recommendation, solicitation to enter into any transaction. You may wish to seek advice from a licensed or an exempt financial adviser before making a commitment to purchase this product. In the event that you choose not to seek advice from a licensed or an exempt financial adviser, you should carefully consider whether this product is suitable for you.