MSIG MaidPlus Insurance Singapore 2026: Plans, Cover & Premiums
TL;DR: MSIG sells maid insurance in Singapore under the MaidPlus range, across three tiers , Standard, Classic and Premier , all MOM-compliant. Unusually, MSIG publishes its premiums: a 26-month policy for a helper aged 50 or under runs S$585.33 (Standard), S$644.19 (Classic) or S$728.12 (Premier), including GST. Older helpers cost more. MSIG issues the S$5,000 security bond as a Letter of Guarantee to MOM.
This is a factual overview checked against MSIG's own MaidPlus page (July 2026). Figures come from that page; confirm the live policy wording and your own quote before buying.
MSIG MaidPlus tiers
Three tiers. The main differences are the medical limit, repatriation, replacement-maid cover and third-party liability.
| Benefit (26-month) | Standard | Classic | Premier |
|---|---|---|---|
| Hospitalisation & surgical | S$60,000/yr | S$80,000/yr | S$120,000/yr |
| Personal accident | S$60,000 | S$60,000 | S$60,000 |
| Medical expenses (accident) | S$1,000 | S$2,000 | S$3,000 |
| Repatriation | S$10,000 | S$15,000 | S$20,000 |
| Replacement maid hiring | S$500 | S$500 | S$750 |
| Liability to third parties | S$5,000 | S$10,000 | S$20,000 |
MSIG MaidPlus premiums
MSIG publishes its 26-month premiums (inclusive of GST) on its page. As of July 2026:
| Helper age | Standard | Classic | Premier |
|---|---|---|---|
| 50 and under | S$585.33 | S$644.19 | S$728.12 |
| 51 to 60 | S$1,127.06 | S$1,239.33 | S$1,400.65 |
These are MSIG's listed prices at the time of writing; always confirm the current premium on MSIG's site or your quote, since insurers update pricing and run promotions.
Security bond and co-insurance
- Security bond. MSIG issues a Letter of Guarantee to MOM for the S$5,000 bond. An optional Waiver of Counter Indemnity rider (about S$54.50) limits your liability to S$250 if MOM makes a demand.
- Co-insurance. The first S$15,000 of hospital bills has no co-payment; above S$15,000 the employer pays 25%, which optional riders can reduce to 10% or 0%.
How MOM's medical rule works
Every MOM-approved FDW policy must cover at least S$60,000 of medical per year, with the insurer paying the first S$15,000 of admissible claims in full and the employer bearing 25% co-insurance above that unless a rider waives it. See our coverage details and security bond guide. For a comparison across MOM-approved insurers tailored to your helper, see our helper insurance page.
Frequently asked questions
Does MSIG sell maid insurance in Singapore?
Yes, under the MaidPlus range, across three tiers , Standard, Classic and Premier , all MOM-compliant with at least S$60,000 medical cover and the S$5,000 security bond issued as a Letter of Guarantee.
How much is MSIG MaidPlus?
MSIG publishes its 26-month premiums (with GST). For a helper aged 50 or under: Standard S$585.33, Classic S$644.19, Premier S$728.12. For a helper aged 51 to 60 the premiums are higher. Confirm the current price on MSIG's site.
What are the MSIG MaidPlus tiers?
Standard, Classic and Premier. They cover S$60,000, S$80,000 and S$120,000 of hospitalisation respectively, with higher repatriation, replacement-maid and third-party liability limits as you move up.
How does MSIG handle the MOM security bond?
MSIG issues a Letter of Guarantee to MOM for the S$5,000 bond. An optional Waiver of Counter Indemnity rider (about S$54.50) limits your liability to S$250 if MOM makes a demand on the bond.
Can I reduce the 25% medical co-payment on MSIG?
Yes. The first S$15,000 of hospital bills has no co-payment; above that the standard employer share is 25%, and MSIG offers optional riders that reduce it to 10% or 0% for an additional premium.
Upwill is a licensed MOM employment agency (EA Licence 24C2628), not a licensed insurance intermediary. Educational, sourced from MSIG's public product page, not insurance advice. Confirm all terms with MSIG before purchase.