AXA, HSBC launches domestic helper insurance in Hong Kong

It insures both domestic helpers and their employers.

AXA Hong Kong and HSBC launch a new insurance plan, “HelperShield Insurance”, to offer comprehensive protection to both employers and domestic helpers. 

HelperShield Insurance covers not only foreign domestic helpers but also local (part-time) domestic helpers and postnatal care helpers.

In Hong Kong, it is a statutory requirement for employers to provide their foreign domestic helpers with free medical treatment in the event that the foreign domestic helper is ill or suffers personal injury during the period of employment, irrespective of whether it arises out of employment.

Benefits

HelperShield was created to ease the employer’s financial burden at the times the foreign domestic helper suffers from illness or injury, as it provides an exceptional support package for foreign domestic helpers with extensive medical expense coverage, offering clinical expenses coverage up to HK$300 per daily visit.

In addition, HelperShield Insurance especially provides optional critical illness benefits for foreign domestic helpers, covering related medical treatment expenses for surgery or treatment of the covered major critical illnesses, up to HKD50,000 per policy year. In the event of the death of the foreign domestic helper, an annual leave allowance1 up to HKD500 per day taken, as well as trauma counselling benefits are offered to support the employer through the journey.

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HelperShield also provides employers coverage of replacement expenses when they employ a new foreign domestic helper up to HK$5k per policy year if a replacement is required due to events such as the sudden departure of a foreign domestic helper without prior notice, early termination of an employment contract that happens more than two times in a year.

The insurance cover also provides protection for fraud and dishonesty for employers up to HK$12k per year.

Promo

As part of the promotion for the new product, customers who purchase now until 31 October will be entitled to

From now until 31 October 2022, customers who purchase “HelperShield Insurance” will be entitled to a 25% perpetual premium discount for the two-year foreign domestic helper plan and an additional HK$150 voucher for Wellcome; a 20% perpetual discount for 1-year foreign domestic helper plan or local (part-time) domestic helper plan; and a 20% discount for postnatal care helper plan.

‘HelperShield Insurance’, provides extensive coverage for both employers and domestic helpers, while giving them reassurance in dealing with unexpected issues. With ‘HelperShield Insurance’, it means employers can take good care of their helpers, whilst the helpers take care of their household chores,” Kenneth Lai, Chief General Insurance Officer at AXA Hong Kong and Macau said.