Foreign Worker Compensation Scheme Malaysia

Chubb is one of the panel insurance companies appointed and approved by the ministry of human resources to cover them with the foreign workers compensation scheme fwcs insurance.

Foreign worker compensation scheme malaysia. Foreign workers insurance guarantee fwig is a guarantee required by the malaysian immigration department from employers as a security deposit for the employment of foreign workers in malaysia. Existing foreign workers in malaysia who have valid foreign workers compensation scheme fwcs they have to register with socso by their employers a day after expiration of fwcs subject to the end of the cooling off period for fwcs on 31 december 2019. Foreign workers hospitalization surgical scheme fwhs and foreign workers insurance guarantee fwig. Who is it for.

Foreign worker compensation scheme insurance insurance policy of health insurance protection scheme foreign workers spikpa except for plantation sector foreign workers must remain in their respective countries while pending vdr approval from malaysia immigration department. For existing foreign workers in malaysia who have valid foreign workers compensation scheme fwcs they have to be registered with socso by their employers a day after the expiration of fwcs subject to the end of the cooling off period for fwcs on 31 december 2019. Whenever a malaysia domiciled enterprise engages a foreign worker the following types of insurance are compulsory. Aig provides your business the coverage for employing registered foreign workers in malaysia that have been allowed employment and temporary stay on visit pass or pas lawatan kerja sementara plks.

As provided under section 26 2 of the workmen s compensation act 1952 it is mandatory for every employer to insure all their foreign workers employed by the company under the foreign workers compensation scheme fwcs. Under section 26 of the workmen s compensation amendment act 1996 it is mandatory for employers to insure all their foreign workers under the fwcs. The foreign workers compensation scheme fwcs provides foreign workers for personal accident and repatriation benefits due to an accident arising out of or during his course of employment. There are two products available.

The foreign workers compensation scheme fwcs protects the welfare and interests of foreign workers in malaysia. Foreign workers insurance guarantee or bond fwig foreign workmen s compensation scheme fwcs foreign workers health insurance taking effect from 01 01 2011.