Etiqa maid insurance (eProtect Maid)
It is mandatory for employers to buy Maid insurance (also called as FDW insurance ) when hiring a maid. The Singapore Ministry of Manpower (MOM) has published minimum requirement for maid insurance. We review how Etiqa policies meet the minimum requirements and more.
Etiqa Insurance offers their Etiqa eProtect maid insurance plans in three tiers to cater to different employers – for those who just want the bare minimum plus some extra benefits to fulfil their legal obligations as well as those who want higher coverage limits, additional benefits and more peace of mind. Etiqa maid insurance is in our view cheapest and best maid insurance in Singapore in 2019 .
Here’s why. have a look at the overview of the various plans that Etiqa Insurance has to offer. Maybe you are looking for a new policy yourself and this can help you decide which one best fits your needs.
About Etiqa eProtect Maid Insurance
Etiqa eProtect Maid Insurance is designed to just meet the MOM requirements for foreign domestic workers arriving in Singapore. These minimum requirements include:
- Security Bond of up to S$5,000
- Hospitalisation and Surgical expenses coverage for at least S$15,000 per year
- Personal Accident coverage for at least S$60,000.
All Etiqa eProtect Maid Insurance plans can be for either 14 or 26 months, which corresponds with the FDW’s standard contract duration of 1 or 2 years respectively.
On top of the compulsory insurances, 2 useful additional coverages on offer are:
- Waiver of Indemnity – with this, you will only need to pay any excess amount in the event that your security bond is to be forfeited by MOM
- Performance bond – Filipino maids must be registered with the Philippines Embassy with an authenticated contract, supported by a performance bond.
These extra’s are not mandatory and come at additional expense and you have the option of (de)selecting these options on our Insurance Market website.
Now that you have a good understanding of how these plans work, here is a closer look at each of the 3 tiers individually.
Etiqa Maid Insurance (eProtect Maid)
Plan A
This is the most basic of all three Etiqa eProtect Maid Insurance plans as it just meets the minimum requirements set out by MOM and offers some extra coverage. It offers medical expenses,Wages & Levy Reimbursement , repatriation ,recuperation expenses which add some but minimal extra value to the basic plan.
This plan could be an option for those who are first-time employers or have a small budget and prefer not to risk investing in an expensive policy.
Having said this, price is not the only factor to consider and it may be argued that more prudent first-time employers may want a more comprehensive coverage for their helper.
Current Price : $182.67 after 30% OFF on a 26 month policy
Etiqa Maid Insurance (eProtect Maid)
Plan B
This is the mid-tier plan of the lot offering higher coverage for additional benefits to the basic plan. Topping up from the base plan these would provide higher accidental medical benefits, recuperation benefit , Alternative Maid Services etc .
This plan would be suitable for those who are interested in a slightly more comprehensive coverage as it is not much higher price than the lower tiered plan offering the buyer a little bit of both, price and coverage.
Current Price :$197.65 after 30% OFF on a 26 month policy
Etiqa Maid Insurance (eProtect Maid)
Plan C
Being the most the comprehensive coverage of the three plans that Etiqa has to offer, this plan is more suited to those who would be willing to spend a little extra for the maximum protection available.[/caption]
You would find that these have pretty much the same benefits as Plan B but of course the expense limits offered are considerably higher in fact double in the case of some benefits such as medical expenses due to Accident or Injury.
Having said that, the value in terms of price vs coverage that you may be deriving from Plan B vs Plan C in terms of pay out maybe not be significantly different so taking a closer look at these and comparing them would be advisable.
Current Price :$220.12 after 30% OFF on a 26 month policy
Refer below table to see the benefits of all the three plans
| Table of Benefits & Insurance Coverage | Plan A | Plan B | Plan C |
| Section 1: Letter of Guarantee to MOM | $5,000 | $5,000 | $5,000 |
| Section 2: Personal Accident | |||
| a. Accidental Death | $60,000 | $65,000 | $70,000 |
| b. Permanent Disablement | |||
| c. Medical Expenses due to Accident or Injury | $1,000 | $2,000 | $3,000 |
| Section 3: Repatriation Expenses | $10,000 | $10,000 | $10,000 |
| Section 4: Hospitalisation & Surgical Expenses | $15,000 | $15,000 | $15,000 |
| (annual limit for in-patient expenses including day surgery) | |||
| Section 5: Wages & Levy Reimbursement | Up to $30 per day | Up to $30 per day | Up to $30 per day |
| (max. 30 days of Hospitalisation) | |||
| Section 6: Recuperation Benefit | Up to $10 per day | Up to $15 per day | Up to $20 per day |
| (max. 30 days of Hospitalisation) | |||
| Section 7: Alternative Maid Services | Up to $10 per day | Up to $15 per day | Up to $20 per day |
| (max. 30 days of Hospitalisation) | |||
| reimbursement for hiring temporary maid services for the period if maid is confined in a hospital in Singapore due to an Illness or Injury | |||
| Section 8: Termination / Re-Hiring Expenses | $250 | $300 | $350 |
| Section 9: Maid’s Liability | $5,000 | $7,500 | $10,000 |
| Section 10: Special Grant | $500 | $1,000 | $2,000 |
| Section 11: Physical Abuse by Maid | Up to $5,000 | Up to $5,000 |
Up to $5,000 |
| if maid physically abuses employer’s child (up to the age of 12), an elderly (above the age of 65) or handicapped person. |
Want a Detailed Comparison of Maid Insurance Plans?
You can do this by looking at the policies side-by-side at our Insurance Market platform with just a click of a few buttons. Maid insurance policies in the market have so many variations and it maybe a daunting decision to select one policy out of the lot that best fits you.
To help you compare and purchase your ideal maid insurance, you can visit Insurance Market to check out the pricing and coverage of all the benefits mentioned above. Get an additional 5% OFF when you create your login or provide your email to Insurance Market. For example; if you buy Etiqa Plan C after registering with Insurance Market it will cost only $209.12 which is cheapest maid insurance policy in Singapore.In month of August we are giving 5% more discount so Etiqa Plan C will be more cheaper ,costing only S$209.11 for 26 month policy. Also compare maid insurance policies from other insurers if you like. At Insurance Market we sell 13 plans from 6 insurers .
Insurance Market is a market place where we are serious about insurance and where professional parties come together to transact insurance only in the best and most responsible manner. Insurance Market offers a wide range of general insurance products (such as travel insurance, maid insurance, pet insurance and more) online and life insurance through personal advice from our qualified brokers. Please contact us at [email protected] or +65 69081811 if you have any questions.
