A comprehensive group life and health insurance program provides employees with financial protection as well as attracts and retains quality personnel and enhances
employer-employee relations.
Common types of group insurance include:
Hospital and Surgical:
covers the basic costs of hospital and surgical treatment necessitated by illnesses or injuries
requiring hospitalisation.
Managed Healthcare:
provides comprehensive healthcare, including General Practitioner and Specialist outpatient, in addition to, Hospital and Surgical inpatient treatment.
Personal Accident:
covers death and total or partial permanent disability of the insured as a direct result of bodily injuries from an accident.
Term Life:
covers death and total permanent disability.
Critical Illness:
covers diagnosis of any of the listed dread diseases, in addition to, death and total permanent
disability.
Travel insurance provides comprehensive cover for employees who travel overseas for business.
Key Person insurance is a type of life insurance covering the costs arising from the involuntary loss of the services of a key person, such as in the case
of severe illness, occupational disability or death.
It is often required by a business where one or a small number of individual employees are critical to the success of the business, such as an employee with special skills or a managing partner. If that key person dies or becomes disabled, the money is available to overcome the loss of the services of the key employee, or to distribute to the investors upon the dissolution of the business.
Email this page
Print this page
