Cheapest Philippines Embassy Bond!

Dear parents, this post is only on the Philippines Embassy Bond. If you wish to renew your Filipino maid without going through an agency, you will be required to have this insurance as part of the renewal process.

 

NTUC Income’s plan is cheapest

For a $7,000 Philippines Embassy bond, premium rate is only at $71.69.

This plan can be purchased individually. You may click on this link for more information and look for (Plan 1b).

Other choices include for this bond:

– AXA Smarthelper $74.90

– MSIG Maidplus $80.25

– Liberty Philippines embassy bond: $107.00

 

Other useful information in the renewal process. Click link for more information

Two (2) copies of Standard Employment Contract (Original) – All pages of the contract should be signed by the employer and the worker.

  • Two (2) copies of Undertaking of an Employer (Original)
  • Two (2) copies of Work Permit (plus 1 copy for passport renewal)
  • Two (2) copies of Passport (plus 1 copy for passport renewal)
  • One (1) copy of Employer’s IC
  • $7,000 Performance Bond from a reputable Insurance Company (Original)
  • One (1) copy of the Ten Thousand Dollar Medical Insurance (MOM)

 

Administrative Cost:

1. HOME LEAVE

A. Authentication of Contract (Window 6) $42.50

B. Verification (Window 1) $17.00

C. OWWA (Windows 3 & 4) $37.00

D. Overseas Employment Certificate (Window 5) $3.00

E. Pag – IBIG (I-Remit Lucky Plaza) $5.50

TOTAL: $103.00

2. PASSPORT RENEWAL

A. Authentication of Contract (Window 6) $42.50

B. Verification (Window 1) $17.00

C. OWWA (Windows 3 & 4) $37.00

D. Passport (Window 6) $102.00

TOTAL: $196.50

3. RENEWAL OF EMPLOYMENT CONTRACT ONLY

A. Authentication of Contract (Window 6) $42.50

B. Verification (Window 1) $17.00

C. OWWA (Windows 3 & 4) $37.00

TOTAL: $96.50

The Astute Parent

A parent who has a sharp acumen on sieving through 'alien' financial jargon to dish out bite size financial tips from a parent's perspective.

Leave a Reply

Your email address will not be published. Required fields are marked *