Big companies in Malaysia hiring workers from other countries want to protect their workers and give them security to ensure that the workers will also give them their best in return. They believe that taking care of the employees can ensure the smooth running of the company. Insurance Guarantee for Foreign Workers Malaysia gives protection to workers. Check out our product info here!

This insurance provides coverage in some circumstances such as the Breach of Immigration act. This is where a foreign worker is caught that is involved in illegal activities like drugs.

Foreign Worker Insurance also covers the medical insurance of the employees. This helps the employer meet its regulatory obligation to its employees. This is required by the Malaysian Immigration Department. This will be their security deposit from foreign employers. Read more here!

Insurances to ensure when working abroad:

All workers abroad need to secure their safety. It is always better to safe than sorry while working abroad. Before accepting the offer abroad make sure that the employer can provide everything that can secure the future and can give assurance that the family of the employee is safe and also secure. Here are some insurances that can protect the employees:

Workers Compensation Insurance

This is a form of insurance that provides wage replacement and medical benefits to employees. This also covers medical benefits.  

Group Personal Accident Insurance

As seen in its name this is a group insurance policy. This insurance covers accidents mainly for the employees and also covers the board or owner of the company. This is under corporate group insurance.

Group Hospital and Surgical Insurance

This insurance is a supplementary reimbursement plan. This will add protection to the employees. This was also known as a supplementary reimbursement plan. This will cover the incurred expenses that are excess of limits claimable under Group Hospital and Surgical Insurance.

In demand Insurance Policy in Malaysia

Third-Party Car Insurance Malaysia

This is the most basic and common car insurance bought by car owners. This is a type of car insurance that is mandatory for all vehicle owners.

Fire Insurance Malaysia

This insurance is one of the compulsory insurance in Malaysia. This is second to motor insurance, and they are known to be the biggest general insurance policy in the market. This is because this policy protects assets from losses occurring due to fire. Learn more here!

Burglary Insurance

Just like fire insurance, burglary insurance is also compulsory. This insurance is important for business owners. They would always want to protect their assets. This will ensure and protect their assets due to a burglary attempt or housebreaking.

Theft Insurance

This insurance policy provides coverage losses resulting in the theft of personal property. This can be applicable for a thing that has an insurance policy such as a diamond ring that has an individual theft policy or this may cover all property like a house. Policyholders should know the difference between theft insurance to burglary insurance. Burglary is a real threat. Know and understand this theft insurance policy.

Performance Bond Malaysia

This insurance policy is well known in Malaysia. This guarantees contractors’ performance. This is issued to one party of the contract as a guarantee as a failure of the other party. This will oblige the other party to meet the specified obligations in the contract. This is usually provided by a bank or insurance company.