Foreign Worker Bond

Mandatory security bond for each non-Malaysian foreign worker you hire

Key Coverage & Benefits

Paperless Application
Enjoy a fully paperless process - sign digitally, and have your issuance ready within hours.
Competitive Rates
Option of 14 or 26 months coverage.

Key Coverage & Benefits

$5K MOM Guarantee
$5,000 guarantee to MOM for each non-Malaysian foreign worker employed by you.
Non-Malaysian Worker Pledge
A pledge to pay the government if you or your worker breaks the law, security bond conditions or work permit conditions.

Documents You'll Need

Company Profile
Directors' income statement
Company's financial statements

Preparing to Submit a Claim or Get a Quote?

Send all documents directly to our Underwriting or Business Development team.

Documents You'll Need

Company Profile
Directors' income statement
Company's financial statements

Preparing to Submit a Claim or Get a Quote?

Send all documents directly to our Underwriting or Business Development team.

Frequently Asked Questions

When will the Foreign Worker Bond be discharged?

The Foreign Worker Bond will only be discharged if: - the work permit is cancelled; and - the worker has returned home; and - you did not breach any of the conditions of the Foreign Worker Bond.

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What happens if the Foreign Worker Bond is forfeited?

If you or your foreign worker breaches any of MOM’s rules or conditions, MOM may forfeit the bond and demand for payment from ECICS. ECICS will pay $5,000 to MOM on your behalf and in such cases, we will seek recovery of the amount from you.

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What is a Foreign Worker Bond and why is it required?

A Foreign Worker Bond (commonly known as security bond) is a commitment to reimburse the government if either you or your foreign worker violates or fail to adhere to the terms and conditions of the work permit. This bond typically takes the form of a banker's or insurer's guarantee. For each non-Malaysian Work Permit holder you employ, you are required to purchase a $5,000 security bond.

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How do I buy a Foreign Worker Bond?

Contact us at +65 6206 5588 (Mon - Fri excluding Public Holiday, 8:30am - 6:00pm) or write to us at customerservice​@ecics.com.sg.

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When do you need to buy the Foreign Worker Bond?

You need to buy the Foreign Worker Bond before your new worker arrives in Singapore or before you can renew your existing worker's work permit.

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