2. Alternative Maid Services, up to $600
($20 per day, max 30 days)
3. Ambulance Fees, up to $300
4. Fidelity Guarantee, up to $2,000
I hereby declare that the information given above is true and complete and that I have not withheld any material fact. I authorize you to obtain any information you may
require relating to this Proposal, from any of the sources stated above. I agree that if any situation arises before this Proposal is finalized which changes any of the
representation made by me in this Proposal, I will promptly notify you accordingly.
This Proposal and any Guarantee issued pursuant to this Proposal shall be subject to this Counter Indemnity and the terms and conditions to which I agree.
In consideration of Etiqa Insurance Pte. Ltd. (the Company) agreeing at the request of the party executing this Counter Indemnity to issue a Letter of Guarantee in favour of the Ministry of Manpower, Singapore (MOM) for the sum of $5000 (hereinafter called the MOM Guarantee) guaranteeing the satisfactory performance and observation of the conditions imposed on the Employer by the MOM in the Security Bond executed by the Employer in favour of the MOM and/or to issue a Letter of Guarantee in favour of the Labour Attache (the Labatt), Embassy of the Philippines for the sum of $2000 or $7000, whichever applicable, (hereinafter called the Labbatt Guarantee) (collectively known as the Guarantees) guaranteeing the satisfactory performance and observance of the conditions imposed on the Employer by the Labatt in the Embassy of the Philippines' Standard Employment Contract for Filipino workers in Singapore executed by the Employer in favour of the Labatt, I the Employer hereby agree as follows:
1. I hereby irrevocably and unconditionally undertake for myself/my heirs, executors, administrators, assigns, and successors, as a continuing obligation, to indemnify the Company on demand in full against all claims, payments, demands, actions, suits, proceedings, losses, liabilities, costs, interests and expenses whatsoever which may be taken or made against it or incurred or become payable by it under or in respect of either or both the Guarantees including, without limitation, any legal and other costs on an indemnity basis, charge interest or expense incurred by the Company in connection with either or both the Guarantees of this Counter Indemnity. I agree that the Company may in its absolute discretion compromise all claims, payments, demands, actions, suits, proceedings, losses, liabilities which may be taken or made against it under either or both the Guarantees. I also agree to accept all receipts, vouchers and other evidence of all payments made by the Company or of all liabilities or obligations incurred by it by reason of either or both the Guarantees as conclusive evidence against me and my estate of the fact and extent of my liability herein to be Company.
2. I further agree that the Company will be entitled to impose an interest charge of 9% per annum on any sum of money paid out by you on my behalf in connection with the above Guarantee whether to the MOM or otherwise and that such interest will be payable on any sum(s) of money paid by the Company on my behalf in the event that I do not settle the said outstanding payment(s) made on my behalf within 7 days from the date I am given notice by the Company of the same.
3. My liability hereunder is irrevocable and shall remain in full force or effect until the Company’s liability under either or both the Guarantees is discharged.
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