Your employees are your most important asset. To be competitive in the market, startups, SMEs, and large corporations should provide medical insurance to attract and retain their staff. The most effective way is to pool their employees into a group policy. This not only gives them control over the group as the employer and policyholder, but it also gives them greater flexibility. It will generally be more cost-effective than a number of individual policies or providing an employee allowance.

We have solutions that allow a group to be formed with just one employee, but as a general rule of thumb, it takes three employees to form a group.

As a guide, even the lower entry group plans will have the following benefits

• • Hospitalisation/ Inpatient
  • Outpatient
  • Emergency evacuation

Some of the additional benefits employers can provide are:

• • Dental
  • Maternity
  • Optical

There are many providers on the market, all looking for market share. With this in mind, working with an independent broker with years of experience to simplify and explain the policy’s structural elements that you may not be aware of, or understand fully if you are dealing directly with the provider, is essential.

These include sub-limits, dependency (spouse & children) coverage, portability, disregarded medical history (MHD), and direct billing, but there are many more.

It’s clear that employees expect to have group medical coverage as an employee benefit, and they would certainly think twice about leaving a company with an extensive group medical policy.

There are a wide range of options on the market to choose from. Depending on the group’s size and budget, we can tailor the benefits to suit the company’s needs.

This will depend on your company’s budget. There can be a big gap between basic group offerings and, international private group offerings, and everything in between.

A balance must be struck between employees’ needs and the business’s affordability.

☆ If you use Lifestyle Insurance for your company’s Group Medical, we can offer discounts for other classes of insurance, including individual insurance for your employees.

Talk to us to find out more!