The main features of employee benefits plans in Singapore, and across the globe for that matter, are often as follows:
Group health insurance
Comprehensive group health insurance is the foundation of a successful employee benefits package. This type of insurance can cover an array of benefits, including:
- Inpatient/outpatient care
- Dental care
- Maternity care
- Vision care
- Direct billing
- Private hospital access
- Different levels of geographic coverage
Wellness programs and packages
Wellness programs and packages are becoming an increasingly popular employee benefit. Aside from boosting your employees’ health, they can be an essential way to increase productivity.
Wellness plans can feature a variety of benefits, such as:
- Health screenings
- Health seminars
- Access to Employee Assistance Programs
- Smoking cessation programs
- Company sports events
Disability and group life insurance
Providing the right disability and group life insurance ensures that your employees will have a safety net regardless of what happens to them. Group life insurance plans feature a wide selection of options and add-ons to offer coverage for accidental death and dismemberment along with disabilities and critical illness.
Disability insurance, which is an important part of any employee benefits package, provides protection in the event that he or she cannot go to work because of a serious injury or illness. The two main types of disability insurance include short- and long-term disability.