We use the term “Maid Insurance” because it is the most commonly used one. It is however also known as “Helper Insurance” of “Foreign Domestic Worker Insurance”. These are all the same thing.
The insurance consists of cover for medical expenses (the mandatory minimum requirement is S$ 15,000) and personal accident insurance (minimum required benefit is S$ 60,000).
These coverages are usually offered in combination with a “security bond”, for a limit of S$ 5,000 with as beneficiary the Singapore ministry of Manpower, in case you or your maid break any law or regulation.
The insurance and bond need to be arranged before the maid arrives in Singapore and is usually offered by insurers as a package.