The security bond is a fixed lump sum of S$5,000 that is required to be deposited with Ministry of Manpower (MOM) and the security bond is covered under FWD Maid insurance.
According to MOM, the security bond may be forfeited if any of these happens:
- You or your maid violates any of the conditions of the Work Permit or security bond.
- You do not pay your maid’s salary on time.
- You fail to send your maid home when the Work Permit is expired, revoked, or cancelled.
- Your maid goes missing.