Employees are often a company’s most valuable assets. In our highly competitive business environment, having an effective Employee Benefits Program is more important than ever in showing care and concern for your employees. It not only caters to your employee’s wellbeing by providing medical and healthcare coverage, it also helps to strengthen employer / employee relationship. Companies now put in place such benefits as part of their employee package to attract and retain quality and competent employees.
In addition, Employee Benefits Program enhances your corporate image and competitive edge besides helping to control your company’s healthcare cost and eliminates any unforeseen expenses.
The Group Hospital & Surgical Insurance is an inpatient medical expense insurance policy designed to reimburse the expenses incurred by an employee and/or his covered dependents as a result of hospitalization and/or surgery
This is a Rider to a Group Hospital & Surgical Insurance policy and it reimburses medical expenses in excess of the basic benefit limits covered under the Group Hospital & Surgical Insurance.
The Group Term Life Insurance is designed to provide a lump sum benefit payment upon the death or disability of insured persons arising from all causes (natural & accidental).
The Group Critical Illness Insurance is a rider to Group Term Life Insurance. It will pay a lump sum benefit when the Insured Person is diagnosed of any 30 Critical Illnesses listed, certified by a Registered Medical Practitioner.
This plan provides benefits in the event of disability due to illness or injury resulting in inability of the insured member to perform all the duties of his/her occupation or any other occupation after the onset of disability. A Monthly Cash Benefit in the event of total disability will be paid to the insured member for a continuous period exceeding the Deferred Period. The insurer shall pay the Assured a Monthly Disability Benefit stated in the Benefit Schedule and which only ceases once the Benefit Period expires.
Group Personal Accident Insurance is designed to provide a lump sum benefit payment upon the death or disability of insured persons arising from accidents.
Group Outpatient Clinical Benefits provides convenience when seeking consultation without having to pay out of pocket (for Plan with no co-payment) when visiting any of the Insurer’s participating panel clinics.
Reimbursement of eligible expenses incurred at non-panel clinics, polyclinics or A&E Department of any hospitals in Singapore are also covered subject to a specified limit. This coverage can also be extended to dependents of employees
The Group Outpatient Specialist benefits reimburse eligible expenses incurred at specialist clinics and diagnostic X-ray and laboratory tests referred by a registered general practitioner.
The reimbursement of medical expenses for Specialist Consultation (Diagnostic Test, X-Ray & Laboratory Test) is subject to a limit stipulated in Policy Schedule of Benefit.
The Group Dental Benefits reimburse eligible dental expenses incurred at the Insurer’s panel dentists. The reimbursement of dental expenses works either as a charged basis under Insurer’s panel dentists or subjected to an annual limit.
Some of the common Benefits:
• Test & Laboratory
• Root Canal Treatment
• Surgical Extractions
Foreign Worker Medical Insurance (FWMI) is a mandatory cover for the Employer to provide for foreign workers who are Work Permit and S Pass holders. It basically covers for the medical expenses which includes coverage on hospital bills for situations that may not be work-related, and not claimable under the WICI.
FWMI differs from the Work Injury Compensation Insurance (WICI) where the latter only provides compensation on the medical expenses incurred in the event of employee/s suffer from work-related injuries.
With effect from 1st January 2010, the minimum requirement of MOM is on the employers to purchase the insurance at a sum insured of S$15,000.00 per foreign worker. The insurance premium differs from one insurer to another and employers may contact us to further enquire on the applicable premium.
The foreign worker medical insurance is not necessary for employees who are Employment Pass Holders.