For any organisation to be successful, it has to have an employee benefit strategy and supporting policies in place that cover the needs of a varied and diverse workforce. It’s been said lots of times before that a one-size-fits-all approach really doesn’t cut it anymore, but at the same time a lot of organisations do not have an open cheque book to give employees an endless array of amazing benefits.
Voluntary Top-up benefits could be a great way to provide more options for your workforce without adding to your bottom line costs. Built around your core benefits offering of medical and life insurance, your organization can offer employees access to discounted rates for dental and vision insurance as well as home and travel insurance. Call us today to talk about what this means for you and your teams and we will happily show you some options.
What voluntary benefits can you offer your employees in Singapore?
Put simply, voluntary benefits are additional insurance products that an employee can purchase via negotiated corporate rates at their own expense. The different types of insurance usually covered under voluntary benefits schemes include dental, vision, critical illness cover, home and travel insurance. These are just some examples, but you can work with our team to choose what the most appropriate voluntary employee benefits will be for you and your workforce. Get in touch today and we will send one of our employee benefits experts out to have a chat with you about the best voluntary add-ons for your teams.
What is the advantage of providing voluntary employee benefits?
By doing this, you are helping to give more flexibility and choice to your employees. An increasingly millennial, mobile and culturally diverse workforce means that a ‘One-size-fits all’ policy does not work anymore. Not everyone wants or needs these benefits. Giving your people the choice to opt in or out is giving them the freedom to decide what is best for them and their families. Usually these voluntary benefits attract corporate discounts and cost a bit less than what anyone would find available in the market. By giving them access to these discounted employee benefits rates, you are giving your people an incentive to stay with the company and a guarantee that their healthcare needs will be met in Singapore affordably. If you would like to know more about what you can do in this space, email our corporate solutions team and they would be happy to help.
What does Expat Insurance offer when it comes to voluntary benefits?
We are currently working with a vision partner to offer comprehensive voluntary benefits with more products to follow. The key features of our Vision Care scheme include the following:
- Comprehensive eye exam
- Refraction eye exam (in lieu of a comprehensive eye exam)
- Single vision or progressive lens (depending on what you need)
- A frame allowance
- Contact lens allowance (instead of glasses)
- A contact lens exam
The other products that you can choose as part of your voluntary benefits include:
- Home Comprehensive Coverage for your home
- Travel insurance
What happens next?
- Contact our team and let us know the best way to reach you. One of our employee benefits advisers will get back to you within 1 business day.
- Let us know the best time and place to meet and we will see you there. We will go through everything that you are looking for with you and your HR team.
- We will take everything that you have given us and we will use our extensive network of global insurance providers to put together the most appropriate voluntary benefits or you and your people.
- From there, we can provide ongoing brokerage services to you and our teams. We can field any queries that you might have and we can work on your behalf to acquire the best value benefits at renewal time.
If adding to your current list of employee benefits offerings is something that interests you or you would like to know when we introduce more products, leave your details here and we will stay in touch. Please let our teams know what your needs are and if we do not offer it currently, we will do our best to work with our extensive international employee benefits providers to come up with a voluntary benefits package that suits you and your employees.
UNDERSTAND MORE DETAIL ABOUT VOLUNTARY GROUP BENEFITS
Do you need some help with offering voluntary top up benefits for your teams? Call us today on +65 6439 8026 or leave your details below and we will be in touch.