Background
A security deposit is required by Ministry of Manpower (MOM) for every foreign worker (non-Malaysian) to work in Singapore. Upon successful application or renewal of the work permit for your foreign workers, you are required to submit the security deposit to MOM. This foreign worker bond is to ensure that the foreign worker remains within the employment of the client during the terms of his employment. Under the Ministry of Manpower guidelines for work permit, employers are required to pay the medical care and hospitalization expenses for all their foreign workers. It is mandatory for employers to purchase a Hospital and Surgical plan for all its foreign workers. The Ministry of Manpower will not approve the application or renewal of work permits for foreign workers without the proof of insurance.
Course Objective
To allow the participants to understand foreign workers bond and foreign worker medical insurance required by the Ministry of Manpower.
Target Audience
Office administrators, HR officers who are arranging insurance and deal with manpower matters for their companies.
Course Fees
SCAL Member Fee: $142.00
CIJC Member and Non-member Fee: $180.00
Trainer Profile
Lee Mun Sik
CLU, ChFC, FChFP, FIFP (S’pore)
Dip SCI (Life), Dip SCI (General)
Chartered Life Underwriter
Chartered Financial Consultant
Fellow Chartered Financial Practitioner
Fellow Insurance and Financial Practitioner
Mr. Lee Mun Sik is a Chartered Life Underwriter,
Chartered Financial Consultant and Fellow Chartered Financial Practitioner with more than 25 years of insurance advice and financial planning experience. Through his practice in life insurance and general insurance, he provides financial planning services, investment advice and retirement planning, commercial insurance for individual and corporate clients. He has conducted financial planning talks and workshops at MOH, SGH, MOE, SDU, SDS, ITE, SAFRA, NSRCC, SCAL, Community Clubs, Singapore Polytechnic and Malaysian Assurance Alliance Berhard (MAA). He is also an English and Mandarin speaker for MoneySENSE programme. He holds Diploma in Life Insurance, Diploma in General Insurance, Certificate in Investment-Linked Products, Certificate in Health Insurance, Certificate in Financial Needs Analysis and Fellow Member of The Insurance and Financial Practitioner Association of Singapore.
0.5 Day Course
Training Hours – 3.0 hours
English
This webinar is not eligible for funding.
Course Brochure
Foreign Workers Security Bond & Foreign Workers Medical Insurance
Contact UsCertification
An e-Certificate of Attendance will be issued to participant who complete the course with 100% attendance.
Replacement/Postponement
A notice of replacement / postponement together with the full particulars of the new participant (for replacement) must be given to us AT LEAST 3 working days before course commencement. A charge of S$50 (replacement) or S$100 (postponement) will be imposed on such changes.
Cancellation
A notice of cancellation must be given at least 3 working days before commencement of the course and 50% of course fee will be charged /returned. If notice is given less than 3 working days before the first day of the course, there will be no refund/100% charged.
Special Class
Available upon request.
For more information, please contact Mr Law Jia Hao at 67939020 or email jiahao@scal-academy.com.sg
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