Singapore has a high employee regulated system and landscape. It is both moral responsibility and legal binding of the system to provide protection to all employees from work related injuries or loss.
WICA, i.e., work injury compensation act, works on the mandate of providing insurance and compensation reliefs to all workers from injury at workplace. WICA not only ensures that the employees receive compensation well within time, it also ensures that employees remain safe from the financial burden arising from any such claim.
WICA in Singapore
WICA stands for Work Injury Compensation Act. It is the mandatory insurance policy for the workers in Singapore. The insurance allows employees to claim compensation for the work related loss, injury without having to officially file the lawsuit etc. The insurance mainly covers:
- Hospitalisation leave
- Medical expenses
- Income loss and
- Lump sum compensation
The above mentioned claims could be owing to permanent incapacity or in case of death while on work.
When compared with the traditional mode of insurance, the WICA offers efficient, fast and less expensive means of compensation. From the employees point of view, with WICA, the claim is completely in the insurer. This ensures business remains unaffected during such times of crisis.
Target Audience for WICA
It is mandatory for all employees in Singapore to purchase WICA.
- Manual workers category: It doesn’t matter how much you earn. You have to have the policy
- Non manual workers category: these are those workers who have earned above the required level.
Then there are those employees who take it as a good practice to avail WICA insurance irrespective of the nature of their work.
Advantages of WICA insurance Policy
Legal Compliance
The first and the foremost benefit of WICA is that it ensures compliance by the employment law of Singapore. Availability of the right insurance means that the employee is responsible and abides by the laws.
Providing Financial Support and Protection
At the workplace in case of any accident, loss or injury can happen. WICA can help release and minimise the financial burden which otherwise can lead to huge medical bills. This is even more in case of medium and small enterprises.
Faster Compensation
WICA is non-adversarial. Employees need not make any fault to ask for the claim. Rather than traditional litigation claims, insurance claims through WICA are fast and easy. Any injured employee can recover with dignity and can get a claim without having to wait for long.
The Coverage by WICA
WICA covers a wide range of accident coverage including accidents related to work issues, occupational diseases, any injury during official hours.
With the help of WICA, the relationship between employers and employees has significantly improved. Both know that there is a clear and concise method of compensation available for the employee in case of need, thus both feel ease without any trouble. This can in return improve the job satisfaction, working environment and moral of employees
Since it falls within the jurisdiction of the Singaporean government, thus it is handled in a proper manner by the governing body.
