Please be informed that AIG will cease using the SMS sender ID ‘76161’ after 31 October 2024. From 1 November 2024, all SMSes sent by AIG will show ‘AIG’ as the sender ID. For any enquiries or to report suspicious messages, please contact us at 6419 3000 or www.aig.sg/contact-us.
Foreign Worker Bond
Cost-effective solution that lowers cash outlay and operating expenses.
Why Choose AIG for Foreign Worker Bond Insurance?
A security deposit is required by the MOM for each non-Malaysian work permit holder that your company employs. AIG’s Foreign Worker Bond guarantee is a cost-effective solution that helps your company to meet the security bond requirements mandated by the Ministry of Manpower (MOM).
With AIG’s Foreign Worker Bond, you do not need to pay the security deposit thereby lowering the cash outlay and freeing up cash flow for other operating expenses. As we provide the insurer’s guarantee for the security bond, you can focus on growing your business with the assurance of support from a world-class insurer.
AIG’s dedicated team provides clients with best-in-class support from application to issuance and claims, ensuring you are supported every step of the way.
Financial strength and stability
As one of the world’s largest insurers, you can be confident that our solution enables you to meet your obligations when you hire foreign talent, giving you with peace of mind.
Competitive rates
Enables you to free up cash flow for other operating expenses simple and cost-effective insurance solution.
AIG Foreign Worker Bond Solutions
Easy to apply and covers up to 20 foreign workers.
Competitive rates per worker, with the option of 14 months or 26 months coverage.
Bond guarantee of S$5,000 per foreign worker.
From small and medium-sized enterprises to large corporations, AIG’s Foreign Work Bond provides the insurer’s guarantee for a wide range of businesses, regardless of size or annual revenue. Our target industry segments include, but are not limited to:
Beauty
Education
Food
Healthcare
Office
Retail
We do not cover construction and marine sectors.
Find out more
Call us at 6419 1800 or leave your contact details below.
