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Home > About Us > Corporate News FOREIGN WORKERS COMPENSATION SCHEME (FWCS) (4 October 2005) We are pleased to announce that Jerneh Insurance Bhd will be listed in the Panel of Insurers to underwrite Foreign Workers Compensation Scheme (FWCS). In principle, the effective date is 1st October 2005. However, we are expected to receive an official appointment anytime within this week from the Ministry of Human Resource. We are pleased to append below brief details of coverage and premium applicable to this Scheme. Coverage and Premium FWCS provides coverage for the following sections: Section 1 - Workmen's Compensation Insurance This section covers the Insured worker's personal injury by accident or disease arising out of and in the course of employment with the Insured. Coverage Benefits a.Death A maximum amount of RM18,000 under the Workmen's Compensation Act plus RM7,000 as provided for under the scheme (Total amount payable : RM25,000) b.Permanent Disablement i. Permanent Total Disablement Pays a maximum sum of RM23,000 as per the First Schedule of the Workmen's Compensation Act ii. Permanent Partial Disablement Pays a sum of money based on the capital sum of RM23,000 calculated in accordance with the First Schedule of the Act. iii. Temporary Disablement Pays a sum of money calculated in accordance with Section 8(e) of the Workmen's Compensation Act. iv. Medical Expenses Pays in accordance with the provisions of the Workmen's Compensation Act (Max. RM750) Section 2 - Repatriation Expenses This section will indemnify the Insured for the actual repatriation expenses incurred or RM4,800 whichever is lesser, in the event the Insured worker dies or suffers permanent total disablement. Section 3 - Personal Accident Insurance (Off-Work Hours) This section will pay the Insured person for personal injury sustained in an accident, which occurs outside the working hours. Coverage Benefits a.Death A sum of RM23,000 b. Permanent Disablement Similar to Section 1 b.(i) (ii) (iii) Premium Computation: For policy issuance, the premium for each worker is as follow: Gross Premium : RM67.00 5% Service Tax : RM 3.35 Service Fee : RM 5.00 Total Premium : RM75.35 (excluding Stamp Duty) *Agency Commission - RM6.70 (10% of RM67.00) Proposal Form