(Photo source: Precision Vaccinations)
If your company is having the Group Employee Benefit from NTUC Income, you might want to take note of the following extension.
In light of the recent Coronavirus Disease-19 (COVID-19), NTUC Income Group Business will be extending the following benefits to all our existing policyholder’s employees under Group Employee benefits policies with effect from 17.02.2020.
For all existing policyholders with Employee Benefits policy with Income, please refer to below details:
a) Name of benefit: Coronavirus Disease-19 (COVID-19)
b) Contract term: 17th February to 31st May 2020, or policy expiry date, whichever is earlier.
c) All existing in-forced employees will be automatically covered under this benefit with no additional premium
d) Benefits is extended to cover employees only
e) Products that are eligible for this extension are:
i) Group Hospital & Surgical Plan or
ii) Group Personal Accident or
iii) Group Term Life
iv) Employees Flexcare / Business Value Pack
v) Workmedic (Foreign Work Insurance Plan)
f) Only one coverage is applicable to each employee in the company regardless of no. of products they have with us.
g) Resigned employees will be covered up till their last day of service with their company or up to 31st May 2020, whichever is earlier.