Why Is a Security Bond Necessary When Buying Maid Insurance in Singapore?
Okaylah Services Singapore 287 followers October 6, 2026 Hiring a foreign domestic worker is a major responsibility. Whether a family appoints an Indian maid, a domestic worker from another country, or engages an Indian maid agency , the employer must comply with Singapore’s employment regulations. One important requirement that often causes confusion is the security bond. A security bond is not the same as ordinary maid insurance. Instead, it is a financial guarantee required by the Ministry of Manpower (MOM) to ensure that employers and foreign domestic workers follow the conditions attached to a Work Permit. In many cases, the bond is arranged together with the maid insurance policy, which is why people often refer to “buying maid insurance and the security bond” as one process. Understanding how the bond works can help employers avoid unexpected financial losses and ensure a smooth hiring experience through a reputable maid agency Singapore families can trust. 1. What Is a...