Types of insurance
as part of employee benefits
Term life insurance:Covers the risk of death of an employee and provides financial security for the employee’s family or designated persons.
Accident insurance:Provides protection in the event of an accident that could cause permanent disability or temporary disability, or death as a result of an accident.
Sickness insurance:Allows an employee to receive financial compensation in the event of long-term illness or hospitalisation.
Employer’s liability insurance:Protects employees against the financial costs associated with damage caused in the course of their work.
Group health insurance:Provides employees and often their family members with access to medical care and medical expenses.