{"id":13016,"date":"2025-01-18T18:29:41","date_gmt":"2025-01-18T10:29:41","guid":{"rendered":"https:\/\/newcorpdemo-uat.cntaiping.sg\/?post_type=financial-articles&p=13016"},"modified":"2025-04-10T13:43:40","modified_gmt":"2025-04-10T05:43:40","slug":"company-insurance","status":"publish","type":"financial-articles","link":"https:\/\/cntp.jumpinteractive.sg\/en\/financial-articles\/company-insurance\/","title":{"rendered":"Company Insurance: Why It Might Fall Short & Solutions To Boost Your Coverage"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\t\t\t\tEmployee benefits are among the key strategies that companies use to attract and retain their employees. But among these benefits, many of those who are about to start a new job will solely pay attention to bonuses and annual leave. However, there is more to employee benefits than just these two \u2013 another core benefit worth considering is group employee insurance, better known as company insurance.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tThis medical insurance<\/a> policy is typically provided as part of your contract and comes with several coverage plans to manage whatever medical costs you may incur during your employment. For those entering the workforce for the first time, free insurance coverage certainly sounds like good news, especially if you have yet to purchase your own personal insurance. That said, it is important to assess whether its coverage is comprehensive enough for your needs and, better yet, see how it compares to having your own personal insurance.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tCompany insurance may be inflexible in the type or amount of protection you get, and the risk of being underinsured, you may need to complement it with your own personal insurance.\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The basics of company insurance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tCompany insurance from employee benefits typically includes health or life insurance, disability insurance, and work injury compensation insurance, classified as portable or non-portable insurance. Most company insurance policies fall under the non-portable category, where they are only effective for the duration of your employment. These insurance policies are included on top of Central Provident Fund (CPF) contributions and foreign worker insurance requirements (for those applicable).\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Potential shortcomings of company insurance<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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