EMPLOYEE HEALTH & BENEFITS

We understand and empower clients to align human resource strategy with company goals and objectives to be simple.

When it comes to attracting and retaining top talent, Employee Benefits and Health Insurance in Singapore is not just a necessity; it’s a strategic advantage. We delve into the world of employee benefits insurance and how it provides substantial value to both employers and employees in the Singaporean workforce.

Understanding Employee Benefits Insurance in Singapore

Employee Benefits Insurance, often referred to as employee benefits or employee perks, encompasses a wide range of offerings that go beyond an employee’s basic salary. In Singapore’s competitive job market, these benefits play a pivotal role in enhancing job satisfaction, well-being, and overall financial security.

Attracting Top Talent

In a city-state known for its diverse and highly skilled workforce, companies in Singapore are constantly vying for the best talent. Offering a robust Employee Benefits Insurance package can be a game-changer in attracting top professionals. It sends a clear message that your organization values the health, happiness, and financial security of its employees.

Moreover, many job seekers in Singapore consider benefits such as health insurance, retirement plans, and wellness programs as essential factors when choosing an employer. By providing these benefits, you not only draw in talented individuals but also stand out as an employer of choice.

Retaining Valuable Employees

While attracting talent is vital, retaining your current employees is equally crucial. High employee turnover can be costly and disruptive. Employee Benefits Insurance serves as a powerful tool to foster loyalty and commitment among your workforce.

When employees know they have access to comprehensive health coverage, retirement savings plans, and other perks, they’re more likely to stay with your company for the long term. This continuity in the workforce can lead to increased productivity, reduced training costs, and a more cohesive corporate culture.

What are the Products in Employee Benefits and for Whom?

Following are the main classes of employee benefits insurances offered by the Employee Health and Benefits lines.

The insurance plans are structured in accordance to the nature of their industry, human capital profile, geographical spread, human resource strategy and company philosophy to achieve the most competitive solutions backed by clear, deliverable services.

Group Personal Accident

Providing coverage for a group of individuals in an organisation against financial losses resulting from accidental injuries or death. It offers compensation for medical expenses, disability benefits, and death benefits, typically offered by employers to protect their employees and their families.

Group Hospital & Surgical including Major Medical

A comprehensive healthcare policy designed for employees. It covers hospitalization, surgical procedures, and major medical expenses. This insurance offers financial protection for medical treatments, surgeries, and hospital stays, helping members manage healthcare costs and access necessary medical care.

Outpatient Insurance

This focuses on medical services and treatments received without hospitalization. It typically covers doctor’s visits, diagnostic tests, prescription medications, and other healthcare expenses incurred outside of a hospital setting. This insurance helps individuals manage the cost of routine healthcare and medical consultations.

Secondment Cover for Overseas Expatriates

This is a policy that provides coverage for individuals temporarily working in a foreign country on a secondment basis. It offers protection against various risks, including medical emergencies, evacuation, legal assistance, and other contingencies, ensuring expatriates have comprehensive support while working abroad.

Group Travel Plan

Designed for organized groups traveling together, such as tours, corporate trips, or school excursions. It offers coverage for trip cancellations, travel delays, medical emergencies, lost baggage, and other travel-related risks, ensuring peace of mind and financial protection for all group members during their journey.

Flexible Benefit Plan

A Flexible Benefit Plan allows employees to choose from a menu of benefits offered by their employer. It enables customization of benefits like health insurance, retirement contributions, or childcare subsidies, allowing employees to tailor their compensation package to their individual needs and preferences.

And more

We customise employee benefits and health insurance according to your customised need even if they are not listed here.

How can You Obtain Employee Benefits Insurance?

There are many insurance companies offering the different classes of insurance listed out above. You need an experienced insurance broker who can negotiate a suitable insurance product for you at an optimal price from a reputable insurer. In this regard, Acclaim Insurance Brokers Pte Ltd, is well-equipped to provide you with excellent service.

Acclaim Insurance Brokers Employee Benefits Insurance Practice

Acclaim’s Benefits Practice helps our clients design benefits insurance plans aligned to their human resource strategy as well as overall company goals and objectives. We aim to optimise each dollar spent, not only to manage rising medical costs but to also ensure tangible returns on capital where ever possible.

Our Benefits team seeks to understand the risks and expectations of our clients through close consultation when developing any bespoke solutions. The insurance solution may vary from standard packages to customised solutions for one or more territories.