GROUP/COMPANY SCHEMES
Group or corporate insurance schemes are recognised as one of the most valuable of all employee benefits to offer your staff. Employers have the choice of either providing access to a selection of insurance benefits, or providing access to, and contributions towards, those benefits.
In return, the company demonstrates how they value their employees. They also gain through being able to attract high calibre staff, reduce absenteeism, improve productivity, and overall significantly improve retention of staff. Statistics show that the average time off work for an employee with health insurance is 14 days and without health insurance is 48 days*. Group schemes provide reduced / discounted premiums for staff and their families, immediate cover, and cover for existing medical conditions.
(*Source: TNS survey 2004)