Along with monetary compensation and perks, employers are constantly looking at engaging other forms of benefits to nurture and retain employees. Medical insurance is one such benefit that protects the general wellness of the employee base and provides monetary support for treatment of a disease, ailment or injury.
About Tokio Marine Life Insurance Singapore Ltd.
Tokio Marine in Singapore is a subsidy of the Tokio Marine Holdings Inc. based in Japan which has a rich history in the insurance business spanning over 130 years. The company was the first insurer in Japan when it was set up in 1879. With operations in 486 cities across 38 countries worldwide, Tokio Marine is one of the biggest insurance companies in the world today.
In Singapore, the insurer offers a wide range of Life and General insurance solutions to individuals, institutions and companies.
About Tokio Marine Group Medical Insurance
A group medical insurance is the most approachable means to secure the health of all employees under one policy. It not only extends cover on health for your employees, but also helps in saving costs for the company.
Tokio Marine offers Group Medical Insurance scheme for companies under one contract covering hospitalization and surgical procedures for all employees at optimal premium rates.
Features and Benefits of Tokio Marine Group Medical Insurance
Reimburses Medical Expenses
In the event of illness or injury to the insured staff, this policy reimburses expensive treatment and hospitalisation costs to the company. This benefit ensures little financial burden for the company or the insured employee, giving access to quality healthcare at affordable premium.
In case of a serious ailment or critical illness, the group medical insurance policy from Tokio Marine goes an extra mile by covering expenses in excess of the insurance limit. Under this rider, the company can opt for deductible and coinsurance as a standard feature.
Along with protection for illness and injury, this policy also covers preventive procedures such as dental care which do not require complete hospitalization (outpatient treatment).
Maternity Benefit Rider
For the women employees in the company, maternity can add financial burden on the wallet. This rider is designed to reduce the liability by extending a helping hand during delivery. It covers expenses incurred during hospitalisation for both normal and cesarean delivery. Miscarriage and abortion expenses are also covered.
Outpatient Clinical Rider
Extends easy access to outpatient treatment at over 300 listed general practitioners across Singapore ensuring your employees get quality health advice for common ailments.
Outpatient Specialist Rider
This rider is designed to provide reimbursement towards specialist day care treatment for injury, illness or a disease by a specialist doctor. Provides added cover to the existing riders and ensures an all-round coverage for outpatient consultation from specialized doctors.
Compare Tokio Marine Group Medical Insurance With Other Insurance Companies Offering Health Insurance in Singapore
- AIA Health Insurance
- NTUC Health Insurance
- AVIVA Health Insurance
- AIG Health Insurance
- Great Eastern Health Insurance
- Prudential Health Insurance
- Manulife Health Insurance
- AXA Health Insurance
- Liberty Medical Insurance
Frequently Asked Questions - Tokio Marine Group Medical Insurance
- I would like to inquire further about the Tokio Marine Group Medical Insurance. Who do I contact?
You can get in touch with the customer service department on +65 6592 6100 or write an email to GroupEnquiry@tokiomarine-life.sg. The operational hours are from Monday thru Friday, 8.45am to 5.45pm.
- Are the listed riders part of the group medical insurance scheme?
Most of the riders are inherently part of the insurance policy. Some of them are available on payment of a nominal amount. Please inquire further with the representative at the time signing up.
- I am looking forward to covering all employees of my company under the group medical insurance policy from Tokio Marine. Do I need to purchase the policy department wise? How does it work?
All the employees of your company are covered under one contract. There is no need to group department wise.