Employee Benefits Insurance Plans Malaysia
Group insurance benefits for employees, especially regarding employee benefits in Malaysia, and retirement benefits. This includes non-medical benefits, like life, accident, dental, and disability insurance.
Insurance Benefits Insurance Plan for Employees
Employee benefits are optional and non-wage compensation provided to employees in addition to their regular salary. It includes health, dental, vision, life and more.
There is also disability income protection plan, retirement benefits, childcare, tuition reimbursement, sick leave, vacation, education funding, and flexible and alternative work arrangements.
The purpose of medical benefits for employees in Malaysia is to improve the economic security of staff members, and thus, improve the retention of employees throughout the organisation. Therefore, it is a reward management component.
If you’d like to learn more about Employee Benefits, click here.
AIA Group Hospitalisation and Surgical (GHS) Insurance Package
AIA GHS Insurance Package Quotation
This AIA Group Hospitalization and Surgical (GHS) Insurance is a Group insurance policy for companies and societies. It is underwritten by AIA Bhd.
There are 2 main coverage benefits. You choose the plans by:
- This GHS hospitalization and surgical benefits plans by room types and annual cap or limits.
- Compassionate Allowance of RM 10,000 available on all plan options.
- The GHS outpatient treatment benefit by annual cap or limits on Specialist clinics visits. GP visits are unlimited.
Select from the list below. Then add to cart to send to us. Once received, we can create the official GHS quote for you.
Product description is detailed below this plan calculator.
Minimum group package size is 5 people.
For employers:
- By providing greater access and flexibility to employee benefits, employers are not only able to recruit but retain qualified employees.
- Benefiting employees is seen as managing high-risk coverage at low cost and easing the financial burden of the company.
- Employee benefits have proven to increase productivity as employees are more effective with they are assured of themselves and their families.
- Premium is tax deductible as a corporate expense, which means savings for the organization
For employees:
- Employees or workers can experience peace of mind leading to increased productivity and satisfaction with confidence that they are their families covered in any accidents.
- Employees with life insurance and personal impairments can enjoy additional coverage including income replacement in the event of serious illness or serious disability.
- Employees can feel pride in their employers if they are satisfied with the coverage they receive.
Contact our AIA INSURANCE AGENT LEVINE LEE to get in touch with us and start your personal coverage, group coverage or choose your plan now. Get covered correctly. Be advised correctly. Call Levine Lee (+6012-684 0948) today to be advised on the best insurance protection personalized for you. Or send us the form below on your interest.
Advantages of Medical Benefits for Employees in Malaysia
With the highly competitive sector and the number of new employees entering the labour force are diminishing, employers are challenged to be more creative and responsive in design, time and generosity of its benefit plans.
Here are some advantages to offering medical benefits for employees in Malaysia:
AIA Public Takaful Group Hospitalisation and Surgical (GHS) Insurance Package
Takaful GHS Insurance Package Configurator
Takaful Group Hospitalization and Surgical (GHS) Insurance is an Islamic compliant insurance policy for companies. It is underwritten by AIA Public Takaful Bhd.
There are 2 main coverage benefits. You choose the plans by:
- The hospitalization and surgical benefits plans by room types and annual cap or limits.
- Compassionate Allowance of RM 10,000 available on all plan options.
- The outpatient treatment benefit by annual cap or limits on Specialist clinics visits. GP visits are unlimited.
Select from the list below. Then add to cart to send to us. Once received, we can create the official quote for you. Or Contact AIA GHS Insurance Agent Levine Lee for a Custom Quote.
Product description is detailed below this plan calculator.
Minimum group package size is 5 people.
Types of Employee Benefits Insurance Plans
1. Medical insurance
These Group Health and Surgical (GHS) plans can cover hospital visits, doctor visits, surgeries, prescriptions and possibly vision and dental. As the employer, you will cover the majority of the premium.
2. Life insurance
If your employee dies, this benefit will provide financial payments to the employee’s named beneficiaries; these benefits can help that person’s family to cover funeral costs and ongoing living expenses. These Group Term Life (GTL) and Group Personal Accident (GPA) plans are taken for these situations.
3. Disability Insurance
You can choose to offer short-term and long-term disability insurance. If your employee is injured or has a lengthy illness, this benefit provides payment during the period your employee cannot work. These are the GTL plans. The company can add on Critical Illnesses Plans riders to these GTL plans.
4. Retirement Benefits
The most common type is which allows employees to deduct a certain amount of each paycheck to put towards retirement savings. Some businesses choose to match that deduction amount.
Get Insurance Advice
Contact our AIA INSURANCE AGENT LEVINE LEE to get in touch with us and start your personal coverage, group coverage or choose your plan now. Get covered correctly. Be advised correctly. Call Levine Lee (+6012-684 0948) today to be advised on the best insurance protection personalized for you. Or send us the form below on your interest.
References
At Red Cover Life Planning, we emphasize our people- helping them grow, expanding their abilities, and discovering new opportunities. Join us now to be part of our team and story.
