Labour bond is a guarantee required by Labour Department from Employers as a security deposit for the employment of foreign workers.
There are 2 types of bond available:
- Labour Guarantee – issued by the bank through us, or
- Insurance Guarantee (commonly known as JITPA) – A guarantee issued in lieu of labour guarantee or cash deposit to labour department.
In order to apply any of the above, kindly visit our office or any of our authorised agents.
NOTE: The above is intended as a general summary only. The specific terms, coverage, exclusions and conditions applicable to this insurance are described in the policy.
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