Malaysia is one of the countries that employed anymore foreign worker than others in the Southeast Asia region. A foreign worker insurance benefits foreign worker from 18 to 60-year-old in a few ways.
For instance, it guarantees to cover repatriation expenses, which is also known as the cost involved in transporting a person back to their country. When circumstances that a businesses’ foreign worker is required by the government to send back to his or her original country.
These circumstances including, married, pregnant, remain in Malaysia after the expiry of permit and visa, involving in illegal actives.
The Allianz Malaysia insurance guarantee for the foreign worker in Malaysia also represents that the business owner is taking a good role of the caregiver as giving protection to their foreign workers.
Work till It Drops
The Workmen’s Compensation Act 1952 requires the employer to provides worker compensation insurance to their employee. This insurance to pay for the employee that is generally not covered by SOCSO. It also indemnifies employers against all sum liable to pay as compensation to any employee for personal injury during work.
Group personal accident insurance literally means what it was. It provides financial protection against heavy expenses that occur because of disablement or death that results from accidental injury. Every company must get it as it is handy for employers that have an employee that always works outdoors.
A good group of personal accident insurance realizes that employee is the most expensive asset in the company. It makes sure the claims are able to get settled quickly.
Car insurance is made to protect you from financial issues that occur because of getting involved in a car accident. A third party car insurance Malaysia allows car owners to protected from having to pay damages to another car in the event of an accident.
Besides, it could also include circumstances such as fire and theft coverage. As the safety of personal assets is not guaranteed in Kuala Lumpur areas. Especially when you are parking in an unknown and untrusted area. The insecurity can be covered so.
Some of the important stuff to be kept in mind including understanding your market value of the car, the NCD percentage (No Claim Discount), Disclosure and necessary documents.
What If It Burns?
Water extinguishes fire. As people are kids, parents and teachers warn not to play with fire. Knowledge of using a fire extinguisher is also poured into our minds. However, it may not be sufficient in the event of a raging fire.
We all watched in the movies that how a fire can burn down building and good. Hence, knowing the terror caused by fire, a person must get fire insurance to protect herself.
A burglary occurs very often in Malaysia when a family is out of home for a few days up to months. If the property lack security patrolling around, the chances of getting burglary are very high. Thus, burglary insurance is required to protect yourself. Visit our website for more info!
The same goes for theft insurance which is essential as the safety of the country is not promised. People must not compromise themselves with the risk of getting a thief to their private assets such as a house and vehicle.
Hospitals usually have over a hundred to thousands of workers operating in the hospital every day. A premium hospital and surgical insurance allow a hospital to cover medical and hospitalization benefits and treatment such as kidney analysis.
Lastly, performance bond Malaysia is a tool to guarantee the performance of the business to fulfil its obligations in the contract. If the event of non-performance occurs, the promisor is entitled to be paid by the insurance company. Chat with us here!