With effect from 1 July 2008, Ministry of Manpower (MOM) will be raising the minimum coverage of the personal accident insurance for foreign domestic workers from $10,000 to $40,000. This is part of the broader review of work injury compensation for all employees.

It will apply to all new applications for foreign domestic workers submitted from 1 July 2008 onwards. For existing foreign domestic workers, the requirement will apply as long as their Work Permits expires on or after 1 July 2008.

In summary, the current maid insurance requirements are:

  • $40,000 Personal Accident Coverage
  • $5,000 Hospital & Surgical Expenses Coverage
  • Letter of Guarantee to Ministry of Manpower – $5,000 Security Bond

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About the Author

Ivan Guan is the author of the popular book "FIRE Your Retirement". He is an independent financial adviser with more than a decade of knowledge and experience in providing financial advisory services to both individuals and businesses. He specializes in investment planning and portfolio management for early retirement. His blog provides practical financial tips, strategies and resources to help people achieve financial freedom. Follow his Telegram Channel to join the FIRE community.
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