What insurance should foreign workers (E9, C4, E8 visas) have in Korea?
Essential guide on accessing and managing insurance benefits for E-9 and C-4 visa holders, with information on enrollment, claims, and coverage details.
- Departure Guarantee Insurance (출국만기보험):
- Purpose: To secure severance pay for the worker.
- Enrollment Time: Employers must enroll workers within 15 days of the employment contract becoming effective.
- Details: Even if the worker changes workplaces, the insurance payments continue. Workers can claim the insurance payout from the insurance company upon departure from Korea.
- Pay Guarantee Insurance (임금체불보증보험):
- Purpose: To provide coverage against unpaid wages.
- Enrollment Time: Employers must enroll workers within 15 days of the employment contract becoming effective.
- Details: In case of unpaid wages, workers must report to the Ministry of Employment and Labor and obtain a confirmation of unpaid wages to submit with the insurance claim to Seoul Guarantee Insurance Company.
- Return Cost Insurance (귀국비용보험):
- Purpose: To cover the repatriation costs of the migrant worker.
- Enrollment Time:
- For workers employed less than a year: Employers submit a notification of employment change to the employment center, obtain a notice, and send it with the insurance claim to Samsung Fire & Marine Insurance.
- For workers employed more than a year: Workers must submit a departure notice to the employment center one month before their planned departure, obtain a departure confirmation, and submit it with the insurance claim to Samsung Fire & Marine Insurance.
- Accident Insurance (상해보험):
- Purpose: To provide coverage for injuries or illnesses not related to work.
- Enrollment Time: Workers must enroll within 15 days of the employment contract becoming effective.
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