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Employee Benefits Insurance

Group medical, dental, and life plans that help you compete for talent. Better coverage for your team. Lower turnover for you.

What Is Employee Benefits Insurance?

Your best developer gets a job offer from a larger company. The salary is similar, but they offer full medical, dental, and life insurance. You don't. You lose the hire.

Employee benefits insurance is group coverage — medical, dental, life, and accident — that you provide to your team as part of their employment package. In Singapore's competitive job market, it's one of the most effective tools for attracting talent, reducing turnover, and showing your team that you take their wellbeing seriously.

Group plans are structured differently from individual insurance. Everyone on the team is covered from day one — no medical questionnaires, no exclusions for pre-existing conditions. And because you're buying as a group, the per-person cost is almost always lower than what your employees would pay on their own. It's a win-win: your team gets better coverage, you get a more engaged, more loyal workforce.

Coverage

What's Covered

Key areas of protection included under a typical Employee Benefits Insurance policy.

Group hospitalisation and surgical

Hospital stays, surgery, and specialist treatment — covered so your team doesn't stress about big medical bills

Group outpatient medical

GP visits, specialist consults, and prescriptions — everyday healthcare without the out-of-pocket sting

Group dental

Check-ups, scaling, fillings, and basic dental work — the benefit employees actually use and appreciate

Group term life

Lump sum payout to an employee's family if they pass away during employment

Group personal accident

Compensation for accidental death, permanent disability, and medical expenses from accidents

Maternity benefits

Prenatal visits, delivery, and postnatal care — supporting your team through major life events

Outpatient specialist

Direct access to specialist consultations, diagnostic tests, and treatments without GP referral

Who Needs This

Who Needs Employee Benefits Insurance?

Any company competing for talent. In Singapore's tight labour market, salary isn't enough. Benefits are one of the top factors candidates consider. A strong medical and dental plan can be the difference between landing your top candidate and losing them to a competitor.

Startups and tech companies. You're fighting for the same engineers and designers as Google, Grab, and Shopee. You can't match their salaries, but you can match their benefits. Group medical, dental, and life insurance levels the playing field — and it's more affordable than most founders think.

Companies with foreign workers. Beyond MOM's mandatory medical insurance for Work Permit holders, many employers provide broader group coverage as a retention and welfare measure. This is especially valuable in construction, manufacturing, and logistics where worker wellbeing directly affects productivity.

Professional services firms. Accountancies, law firms, and consultancies depend on their people. Losing a senior associate because a competitor offered better benefits is avoidable. Group plans are a cost-effective way to protect your most important asset.

Related Industries

ManufacturingProfessional ServicesRetail & E-commerceTechnology & Startups

Why TRS

Why Get Employee Benefits Through TRS?

We compare every major insurer. Group insurance pricing varies significantly, and so do the terms. We compare plans from all major insurers in Singapore — Great Eastern, AIA, Prudential, NTUC Income, and more — and find the best coverage for what you can spend.

Plan design that actually works. We help you build a benefits structure that fits your company — the right tiers, limits, co-payments, and add-ons. A well-designed plan maximises employee satisfaction without exceeding your budget.

We handle the admin. Adding new hires, processing claims, managing renewals, answering employee questions about coverage — we take care of it so your HR team can focus on everything else.

FAQ

Frequently Asked Questions About Employee Benefits Insurance

Because salary alone doesn't win talent in Singapore. Benefits are one of the top factors candidates weigh when choosing between offers. Group medical and dental plans show your team you're invested in them — and they cost less per person than individual policies because of group pricing. Better retention, lower hiring costs.
Most insurers require at least 5 employees. Some accept smaller groups, but options and pricing improve with more headcount. We help companies of any size find a plan that works within their budget.
Yes. Most group plans allow multiple tiers — basic for all staff, enhanced for management or key hires. You can adjust coverage levels, room types, and benefit limits per tier. We help you design a structure that keeps employees happy without blowing the budget.
Premiums are based on headcount, age mix, coverage level, and claims history. Unlike individual policies, group plans don't require medical underwriting for each person — everyone is covered from day one regardless of pre-existing conditions. That makes group insurance more inclusive and cheaper per head.
Yes. Group plans typically cover all employees regardless of nationality, including Work Permit and S Pass holders. This is separate from the mandatory medical insurance MOM requires for certain foreign worker categories.

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