Tokio Marine Insurance Singapore Ltd.

Following the successful application for new/renewal of existing work permit for your foreign workers, the Ministry of Manpower, Singapore would require you, the Employer to:

• Submit a security deposit of S$5,000 per worker. This can be in the form of an Insurance Bond.

Tokio Marine Insurance Singapore Ltd. provides this type of Bond for workers from China, India, Bangladesh, Thailand, Sri Lanka, Indonesia, Philippines etc sources approved by the Ministry of Manpower.

• The period of the Bond provided is normally for 26 months.

We provide very affordable and competitive premium for Immigration Bonds on all classes of foreign workers.

Once our underwriting terms are accepted, for us to issue this Bond, we require the following:

• A counter guarantee to be executed by the Employer and/or personal guarantors as per our underwriting terms agreed.

To download a copy of Letter of Indemnity, click here