FORIEGN WORKER INSURANCE (FWCS & IG)

FWCS & IG
FOREIGN WORKERS INSURANCE GUARANTEE (FWIG)
Foreign Workers Insurance Guarantee is a guarantee required by Immigration Department from Employers as a security deposit for the employment of foreign workers in various sectors.
The amount and the period of guarantee are pre-determined by the Department. They will be based on the nationality of the workers. The amount of guarantee ranged from RM 250.00 to RM 3,500.00. The duration required ranged from thirteen (13) to thirty six (36) months. The most common duration required is eighteen (18) months.
The guarantee will be called by the department if the repatriation of the workers becomes necessary.
FOREIGN WORKERS COMPENSATION SCHEME (FWCS)
Under Section 26 the Workmen’s Compensation (Amendment) Act 1996, it is mandatory for Employers to insure all the foreign workers employed by them under the Foreign Worker’s Compensation Scheme.
Allianz General Insurance Company (Malaysia) Berhad "AGIC" is one of the Panel of Insurers appointed by Labour Dept. to provide Insurance Cover to all foreign workers as provided under the Act.


FOREIGN WORKERS - PLUS
The Foreign Workers Plus is specially designed to give an additional cover on top of the Compulsory Foreign Workers Compensation Scheme (FWCS).
FW-Plus Coverage
This Foreign Workers Compensation Scheme Plus Policy covers the Insured Life/Lives who are foreigners holding valid work permit against bodily injury caused by violent, accidental, external and visible means, which injury shall solely and independently pf any other cause result in the following losses, benefits of which are payable as specified in the Schedule:
DEATHoccurring within twelve calendar months of bodily injury due to an accident.
PERMANENT DISABLEMENToccurring within twelve calendar months of bodily injury due to an accident. The percentages are as stated in the scale under the Scale of Benefits.
MEDICAL AND SURGICAL EXPENSESreimbursement on the actual, necessary and reasonable medical, hospital or surgical expenses incurred in the treatment of injuries resulting from an accident, provided such treatment is received from qualified medical practitioner or whilst confined in a government or licensed private hospital.