Takaful Solution Provider in Malaysia - auto insurance, auto takaful, car insurance, education plan, fire insurance, health insurance, home insurance, home takaful, hospitalization benefit, insurance, medical protection, motor, motor insurance, motor takaful, mrta, mrtt, personal accident, takaful, takaful provider, travel insurance, motor policy Takaful Solution Provider in Malaysia - auto insurance, auto takaful, car insurance, education plan, fire insurance, health insurance, home insurance, home takaful, hospitalization benefit, insurance, medical protection, motor, motor insurance, motor takaful, mrta, mrtt, personal accident, takaful, takaful provider, travel insurance, motor policy
Home | Contact Us | Search | Sitemap | Links
Keyword :
 
 
You are here: Home > General Takaful > Non Motor > IKHLAS   Foreign Workers Compensation Scheme

Introduction

Section 26(2) of the Workmen’s Compensation Act 1952 (amended August 1996) requires all employers of foreign workers to insure them under an approved insurance / takaful scheme, known as Foreign Workers Compensation Scheme (FWCS). Failure to do so is an offence punishable with a fine not exceeding RM20,000.00 or imprisonment for a term not exceeding 2 years or both.

Takaful IKHLAS is on the panel of companies approved by the Ministry of Human Resources to provide coverage under this scheme.

What does IKHLAS FWCS cover?

IKHLAS FWCS provides foreign workers with the following benefits:-

Section 1 - Death or Permanent Disablement Benefits
Benefits as specified under the Workmen’s Compensation Act 1952:-

Death or Total Permanent Disablement benefits up to RM25,000.00 due to accidents in the course of employment.

Section 2 - Repatriation Expenses
Repatriation Expenses up to RM4,800.00 to cover the cost of sending back the foreign workers to their country of origin in the event of Death or Permanent Total Disablement.

Section 3 - Personal Accident (outside working hours)
a. Death and Permanent Total Disablement up to RM23,000.00.
b. Permanent Partial Disablement - as per Permanent Disablement Table under First Schedule of the Act.
c. Temporary Disablement.
d. Medical Expenses.

Why IKHLAS FWCS?

a. Fixed Yearly Contribution - The annual contribution charged under FWCS is RM72.00 (before Service Tax and Stamp Duty) per foreign worker as approved by the Ministry of Human Resources. (Payment of contribution is on cash-before-cover basis).
b. Auto Acceptance - Auto acceptance for all applications.
c. Single Stamp Duty - Foreign workers with a common entry and expiry work permit date can be covered under an IKHLAS Group FWCS certificate with a single stamp duty.
d. Identification Card - An ID Card will be issued to each foreign worker covered under the IKHLAS FWCS.
e. “Ease of doing business” - IKHLAS FWCS can be arranged directly with Takaful IKHLAS or through any of our registered General Takaful Agents and authorized intermediaries.
   
     

Takaful Solution Provider in Malaysia - auto insurance, auto takaful, car insurance, education plan, fire insurance, health insurance, home insurance, home takaful, hospitalization benefit, insurance, medical protection, motor, motor insurance, motor takaful, mrta, mrtt, personal accident, takaful, takaful provider, travel insurance, motor policy

PIDM Member

Copyright © 2014 Takaful Ikhlas Sdn Bhd
Terms and Conditions of Use | Disclaimer | Privacy Policy | Client Charter WEBSE Design Solution by WEBSE Asia Halal eMarketplace, Halal Trade Portal, halal Business Directory
A wholly-owned subsidiary of MNRB Holdings Berhad.

Takaful Solution Provider in Malaysia - auto insurance, auto takaful, car insurance, education plan, fire insurance, health insurance, home insurance, home takaful, hospitalization benefit, insurance, medical protection, motor, motor insurance, motor takaful, mrta, mrtt, personal accident, takaful, takaful provider, travel insurance, motor policy