WorkMedic Foreign Worker Medical Insurance

Announcement

• Income’s WorkMedic meets the mandatory requirement set out by Ministry of Manpower (MOM). Under the enhanced WorkMedic Insurance, employers are required to purchase and maintain medical insurance for their foreign worker employees with at least $60,000 coverage per year. Income will pay up to a total amount of $15,000 of the total claims admissible under the policy per year and if the total claim admissible per year exceeded $15,000 it will be payable subject to 25% co-insurance.

• We provide coverage for the following features that comply with MOM’s requirement for the enhanced medical insurance in 2 stages:

Stage 1 – New policies issued on and after 15 June 2023 or existing policies renewed or extended with effective date on and after 1 July 2023

• Plan 1 pays admissible claim of up to $60,000[1] with annual limit subject to 25% co-insurance by employers (for admissible claims above $15,000 per year).

• Co-insurance will not apply for the first $15,000 admissible claim per year.

• Same premium shall be applicable for up to age 69 years old.

Stage 2 – For policies with effective date on and after 1 July 2025. More details will be shared at a later date.

• Exclusions are in line with MOM’s list of allowable exclusions.

• Age-differentiated premiums will be introduced for insured employees aged 50 years old and below, and those aged above 50 years old.

• Admissible claims will be reimbursed to hospital directly subject to policy terms and conditions and benefits limit.

Protect your foreign worker employees with WorkMedic Insurance.

Your foreign worker employees’ dedication, hard work and commitment play a pivotal role in achieving business milestones. Take care of their well-being and ensure they are protected against unexpected workplace accidents.

Why you need WorkMedic Insurance?

Accidents can occur at anytime. Get peace of mind and protect your foreign worker employees against unexpected accidents at work.

What does our plan cover?

WorkMedic Insurance provides medical insurance coverage of up to $60,000¹ per year limit for each insured employee for hospitalisation expenses and surgical bills.

We are also a designated insurer by Ministry of Manpower.

Where can you get our plan?

Enjoy hassle-free application when you get it online via BIX.

Here’s how WorkMedic protects your employees.

Receive up to $60,000[1] per year limit for each insured employee for hospitalisation and surgical bills and pre-and post-hospitalisation expenses[2].
Receive $3,000 in the event of your employee's death, and $10,000 if employee's accidental death is not due to work-related causes.
Receive up to $2,000 for repatriation of your employee’s mortal remains to the capital city of his or her home country.
Receive up to $200 for outpatient dental treatment[3] as the result of an accident.
Covers rehabilitation treatment received in a Community Hospital.

Who this is for.

The employee covered must be age 69 years old and below (age last birthday) and is a foreign employee holding a valid work pass in-principle approvals (IPA for Work Permit or S Pass holder), Work Permit and S Pass issued by the Ministry of Manpower. This plan excludes other work pass such as Employment Pass holder, holder of Letter of Consent, Foreign Domestic Pass, etc.

Pick the plan that meets your needs.

Plan 1

Inpatient and outpatient benefit as charged.
Up to $60,000 annual limit subject to 25% co-insurance for admissible claim that have exceeded $15,000 per year.
No waiting period for pre-existing conditions (any injury or illness, including pandemic diseases).

Plan 2

Inpatient and outpatient benefit as charged.
Up to $60,000 annual limit with no co-insurance on the admissible claim that have exceeded $15,000 per year.
No waiting period for pre-existing conditions (any injury or illness, including pandemic diseases).

Wondering which plan suits your company best? Click here to compare 2 plans.

How much you need to pay.

WorkMedic
Group size	Annual premium rate [4] per insured employee (inclusive of 9% GST)
Group size	Plan 1 (with 25% co-insurance)	Plan 2 (without 25% co-insurance)
1 to 10	$150.42	$279.04
11 to 20	$132.98	$257.24
21 to 50	$128.62	$231.08
51 to 100	$119.90	$203.83

Policy administration

a) For group size of 10 employees and below, the policy will be issued on named basis. Please provide name listing for policy issuance.

b) For group size above 10 employees, policy will be issued on headcount basis. Updated name listing or a copy of the CPF Foreign Worker Levy Statement is required to be submitted.

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Important notes

Footnotes

Subject to 25% co-insurance payable by employer if the total claim admissible under the policy have exceeded $15,000 per year.
We pay expenses for pre-hospitalisation specialist consultation (including medication) and pre-hospitalisation diagnostic X-ray and laboratory fees recommended by a registered medical practitioner that are incurred within 90 days prior to admission or surgical treatment. We also pay expenses for post-hospitalisation treatment that are incurred within 90 days of discharge from the hospital.
The dental treatment must be sought within 24 hours following the accident.
Premium rates are correct as at 1 January 2024. Premium rates are not guaranteed. Income Insurance reserves the right to review and change the premium rates from time to time if there is a substantial change in the risks or at each renewal.

Exclusions

There are certain conditions whereby the benefits under this plan will not be payable. You can refer to your policy contract for the precise terms, conditions and exclusions of the plan. The policy contract will be issued when your application is accepted.

Important Notes

This is for general information only and does not constitute an offer, recommendation, solicitation or advice to buy or sell any product(s). You can find the usual terms, conditions and exclusions of this plan in the policy contract. All our products are developed to benefit our customers but not all may be suitable for your specific needs. If you are unsure if this plan is suitable for you, we strongly encourage you to speak to a qualified insurance advisor. Otherwise, you may end up buying a plan that does not meet your expectations or needs. As a result, you may not be able to afford the premiums or get the insurance protection you want.

This policy is protected under the Policy Owners’ Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact Income Insurance or visit the GIA/LIA or SDIC web-sites (www.gia.org.sg or www.lia.org.sg or www.sdic.org.sg).

Information is correct as at 6 November 2024.