Tag: fwcs

FOREIGN WORKERS COMPENSATION INSURANCE | Some Interesting Statistics

Surprisingly in 2008 there was reported a total of 2.06 million foreign workers registered in the country but here the statistics just show some 50% of that reported numbers. Well… this is despite the fact that Subsection 26 (1) of Workmen’s Compensation Act 1952, having direct that all employers of foreign workers must ensure that the workers are insured all of their foreign workers within the Foreign Workers’ Compensation Scheme designated by the Human Resources Minister. The Subsection 26 (1) of Workmen’s Compensation Act 1952 specifically states that failure to do so is an offence and if convicted, the employer would be fined not more than RM20,000, or jailed for not more than two years or both.

Foreign Workers Related Insurance Schemes | Pay Extra, Gain Competitive Advantages

Foreign Workers’ Insurance – from Foreign Workers Compensation Scheme (FWCS), Foreign Workers Hospitalisation & Surgical Insurance Scheme (or SKHPPA) to Foreign Workers’ Insurance Guarantee (FWIG)  , they provide a really handsome profit for the insurance industry.  Now, that’s the reason why…

Breaching Insurance rules and regulations in the name of profits | Insurance & Takaful Online

Foreign workers insurances

Are you a supporter of insurance regulation breaches or you are already reaping some rewards from supporting those breaches? Some insurance practitioners are so ever willing to breach established regulations just to gain a slice of any premium segment deemed…

Safety Supervisor, made compulsory for construction site

Got this from the email chain, thought was funny post it over this site. May the real owner provide us with the connection so that we can link it over to his or her site?

It is welcome news for the insurance industry that Site Safety Supervisor is a requirement at construction sites. No doubt this should improve safety at site for workers specifically and ensure safety for the public in general but unsure how…

Legalise Illegal Foreign Workers With Insurance Assists

More and more things to do for the insurance industry, but necessary to get more business

348 agents to process illegal foreign workers‘ applications for the purpose of legalising them in a biometric-system-driven programme or Program 6P And the General Insurance companies and Takaful Operators are going to be a part of these 348 agents….. But…