{"id":3601,"date":"2025-01-06T18:10:15","date_gmt":"2025-01-06T10:10:15","guid":{"rendered":"https:\/\/newcorpdemo-uat.cntaiping.sg\/?page_id=3601"},"modified":"2025-04-09T14:51:16","modified_gmt":"2025-04-09T06:51:16","slug":"foreign-worker-bonds","status":"publish","type":"page","link":"https:\/\/www.sg.cntaiping.com\/en\/business\/bonds\/foreign-worker-bonds\/","title":{"rendered":"Foreign Worker Bonds"},"content":{"rendered":"\t\t
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Foreign Worker Bonds<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Ease of employers’ financial burden.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Home<\/a> \/<\/span> Page<\/span>\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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About Foreign Worker Bonds<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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For every non-Malaysia foreign worker to work in Singapore, you need to have a security deposit or cash deposit of S$5,000 \u2013 as regulated by Ministry of Manpower (MOM). Upon successful application or renewal of the work permit for foreign workers, you are then required to submit the security deposit or cash deposit to MOM. Security deposit or cash deposit can be replaced in the form of Foreign Worker Bonds. With our Foreign Worker Bonds, you do not need to place the security deposit of S$5,000 upfront.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Riots and strikes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Exclusively for our policyholders \u2013 Enjoy free NCD Protection benefit with 10% NCD and above.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Malicious damage<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Enjoy waiver of excess for own damage claims at any authorized workshops.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Standard explosion<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Renew your motor insurance with us and receive up to 10% discount.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Vehicle impact damage<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Renew your motor insurance with us and receive up to 10% discount.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Aircraft damage<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Choose to enhance your coverage with our Loss of Use or Protection Package Benefit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Bursting or overflowing of water tanks, apparatus or pipes<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Choose to enhance your coverage with our Loss of Use or Protection Package Benefit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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Earthquakes, volcanic eruptions, typhoons, windstorms and floods<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Choose to enhance your coverage with our Loss of Use or Protection Package Benefit.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t

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DOWNLOAD<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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SHARE<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t
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Protected up to specified limits by SDIC<\/a><\/strong>.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Related Articles<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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