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By the app, the human sources (HR) groups and enterprise house owners may also handle their group insurance coverage and course of staff’ claims extra simply. The app is on the market to Prudential’s enterprise prospects, from multinational corporations to small companies with no less than 3 staff.
Mr Dennis Tan, CEO, Prudential Singapore, stated the life insurer is dedicated to supporting SMEs with their worker advantages and digital transformation journey.
In keeping with a ballot[2] commissioned by Prudential in April 2022, one in three SME staff stated that their corporations should not have a devoted HR group to care for medical and worker advantages. SME staff additionally shared that they can’t simply discover details about their advantages, with one in 4 saying that their firm manages their advantages by way of electronic mail.
“Simplifying group insurance coverage and making it simply obtainable to staff by way of digital options resembling [email protected] will encourage extra corporations to handle the safety hole. It will go a great distance in participating a hybrid and digital-first workforce whereas offering the mandatory safety for workers, that are essential in view of Singapore’s ageing workforce and rising healthcare prices,” stated Mr Tan.
Assembly the wants of SMEs and their staff
SMEs account for greater than 99 per cent of companies in Singapore and 70 per cent of the workforce,[3] however many don’t present medical and worker advantages. Some don’t see the necessity attributable to their small firm measurement, whereas others lack the sources to construct or procure their very own digital options to handle their staff’ insurance coverage wants and advantages successfully. Nonetheless, 9 in 10 SME staff polled say that they need their employers to offer healthcare protection, and 60 per cent stated that they’re extra prepared to hitch an organization that gives medical advantages.
The Prudential ballot additionally discovered that one in 5 SME staff are extra prepared to remain in an organization that prioritises digitalisation, whereas 79 per cent agreed that digital transformation is crucial for enterprise survival. With [email protected], staff can get a abstract of their advantages, submit and monitor claims on a cellular app for a seamless expertise. These are options that the polled SME staff had stated had been essential in a software for managing their advantages.
The next can be found on [email protected] at launch.
- Group Coverage View – Staff can use the cellular app to get a consolidated view of their group insurance coverage coverage particulars (e.g. varieties of protection that you’re entitled to), advantages and their protection for particular objects (e.g. annual limits for surgical procedure and hospitalisation).
- Make and View Claims – Staff can submit claims on-the-go by importing a photograph of their medical invoice on the cellular app. They will additionally monitor their claims standing.
The next options may even be made obtainable on the app.
- Medical E-card – An in-app digital card obtainable for workers to take pleasure in cashless visits to panel clinics and medical suppliers.
- Clinic locator – A listing of clinics that can assist staff to seek out panel clinics which might be situated close to their houses or wherever they’re.
Serving to SMEs and their staff be more healthy and financially prepared
By [email protected], staff of Prudential’s company prospects will be capable of utilise the present well being and monetary wellness sources on the Pulse by Prudential (“Pulse”) app (see under for extra data on Pulse).
[email protected] enhances different wellness initiatives by Prudential to assist SMEs improve worker wellness. This consists of WorkPLAYce – Prudential’s company wellness programme that gives a wide range of actions geared toward selling bodily and psychological well-being, resembling, health and meditation lessons, in addition to well being screenings.
Prudential can be supporting SMEs of their enterprise development by way of partnerships. For instance, the SME Expertise Accelerator programme, a collaboration between Prudential and SkillsFuture Singapore which goals to equip SMEs with the talents and sources to develop and innovate, upskill staff to spice up their profession development, and enhance worker retention.[4] Prudential has additionally established tie-ups with Ngee Ann Polytechnic and ST Engineering to spice up SMEs’ digitalisation efforts and enterprise development. These partnerships will ship trainings and webinars on digitalisation and cyber safety to assist SMEs of their enterprise transformation.[5]
About Pulse
Pulse by Prudential (Pulse) is an all-in-one app that gives holistic well being and wealth administration options to shoppers.
The app was launched in Singapore on 23 April 2020[6] and consists of well being options resembling an AI-powered symptom checker, well being evaluation, and on-line physician session service. Customers may also buy bite-sized insurance policy on the app to get protection for dengue, breast most cancers, and prostate most cancers and get complimentary protection for unwanted effects from a COVID-19 vaccination. Wealth options resembling Ruby, an AI digital assistant, had been added to Pulse in July 2021[7] to help customers of their monetary planning journey.
Pulse has been downloaded greater than 300,000 instances in Singapore as of 31 August 2022 and is on the market to Singapore residents aged 18 and above. Customers should not have to pay a subscription price once they obtain the app and register themselves.
Notes to the editor:
- For extra data on Pulse by Prudential, please go to the web site right here and examine the launch press launch right here.
- For extra data on microinsurance merchandise obtainable on Pulse by Prudential, please click on right here.
Hashtag: #Prudential
About Prudential Assurance Firm Singapore (Pte) Ltd (Prudential Singapore)
Prudential Assurance Firm Singapore (Pte) Ltd is among the high life insurance coverage corporations in Singapore, serving the monetary and safety wants of the nation’s residents for 91 years. The corporate has an AA- Monetary Energy Ranking from main credit standing company Customary & Poor’s, with S$53.3 billion funds underneath administration as at 31 December 2021. It delivers a set of well-rounded product choices in Safety, Financial savings and Funding by way of a number of distribution channels together with a community of greater than 5,000 monetary consultants.
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