BESIDES salary, which is naturally the main priority for all employees, medical coverage would be high on the list of benefits that workers look for.
With the ever increasing medical costs and the recent statement by Health Minister Khairy Jamaluddin that Malaysia is considered an unhealthy nation as a large number of people have health problems such as heart disease and obesity, employers who wish to ensure their operations run without a hitch should pay particular attention to providing good medical benefits to employees.
For most companies in Malaysia, medical coverage for employees means either a combination of several or all of these: medical insurance for outpatient and inpatient, vision or optical coverage, dental coverage or personal accident insurance coverage.
For companies, providing medical insurance to their employees leads to less downtime so that businesses can run at optimum capacity.
In fact, there is a body of research, such as one by Kang, Dong & Yu, Gun & Lee, Sang-Jik in 2016, which shows that generally employees do become more productive if they feel that the work benefits are satisfactory.
Hence providing a medical plan is important for an employer to sweeten the deal when hiring a potential candidate.
Employees who are considering jumping ship might think twice if their current employer provides them with a good, comprehensive medical plan.
Also during recruitment drives, your job offers would interest more candidates if your medical plan is desirable.
Berjaya Sompo Insurance Berhad offers hospitalisation and surgical plans that are both affordable and comprehensive with extensive coverage for employees and their dependents.
Berjaya Sompo’s group hospitalisation policy covers pre-existing illness and will waive the waiting periods. This however, depends on the size of each individual case.
It also issues guarantee letters to hospitals where the employee is admitted to, a panel of hospitals and clinics and pharmaceutical care, as part of its value-added services.
As much of what can be offered depends on the premium, therefore the policy that companies choose can be tailored-made according to requirement and budget.
That way you can either have a basic service which your employees can top up to receive more extensive coverage, or to go full on with more extensive coverage for any medical service that you feel is relevant to the industry that you serve.
Berjaya Sompo also customises outpatient clinical plans that deliver comprehensive medical expertise to your company or organisation – supporting your employees in all their health-related needs.