What Is Foreign Worker Insurance?

Any firm that employs workers from outside the country must comply with the rule of the land. One major criterion being that foreign worker insurance must be in place. This is not at all dependent on designation or status. The coverage must be during the duration of employment. Let us look at the different types of insurance that are included in this vast domain.

Medical Insurance

Any worker with a valid work permit needs the basic coverage of $15,000 per annum made by the company. This includes inpatient as well as outpatient care. Hospitalization as well as post operation costs. The company cannot to pass the cost onto employees; it must be borne by the employer. Most foreigners ensure that they have a working policy in their home. While abroad, the firm must ensure that any medical coverage – even dental care, is on the cards. Many senior level employees ensure that they get family insurance too.

Accident Insurance

Skilled and unskilled workers need to be covered the moment they land in a foreign country. In case of an accident during working hours or even after work hours, the employee is entitled to treatment. In case of a serious injury, all the costs will be borne by the insurance provider. If for any chance the employee is incapable of resuming duty because of a serious injury at work, he will be entitled to a suitable compensation along with free airfare back to his parent country.

Life Coverage

Companies that employ professionals from other nations have to provide life insurance coverage as a part of foreign worker insurance. Every employee must ensure that he reads the content of the offer letter, which provides him all the necessary details prior to joining a firm overseas. Laborers who work crazy hours are the ones who need maximum coverage in case they come into harm’s way. In case of death during employment in an overseas capacity, the insurance provider will reimburse the nominee prior to shifting the body back home.

The firm http://allegiance.com.sg/ handles insurance for a variety of sectors in Singapore. The website throws open plenty of information pertaining to the subject which provides you with all that you need to know and more. The bottom line, professionals seeking employment in foreign shores will be covered by insurance by the employer during their work in the country, period. This ensures that the firm and the staff work in tandem and continue their relationship for years.