At AVA, we pride ourselves on being a one-stop solutions provider by offering a comprehensive spectrum of insurance products. They are grouped into 2 main categories, namely:
Employees are often a company’s most valuable assets. In our highly competitive business environment, having an effective Employee Benefits Program is more important than ever in showing care and concern for your employees. It not only caters to your employee’s wellbeing by providing medical and healthcare coverage, it also helps to strengthen employer / employee relationship. Companies now put in place such benefits as part of their employee package to attract and retain quality and competent employees.
In addition, Employee Benefits Program enhances your corporate image and competitive edge besides helping to control your company’s healthcare cost and eliminates any unforeseen expenses.
We offer the following products:
- Foreign Worker Bond
- Foreign Worker Medical Insurance
- Group Term Life Benefit
- Group Critical Illness Benefit (Rider)
- Group Personal Accident Benefit (Rider & Standalone)
- Group Hospital & Surgical Benefit
- Group Extended Major Medical Benefit (Rider)
- Group Outpatient Clinical (Rider & Standalone)
- Group Outpatient Specialist (Rider & Standalone)
- Group Dental Benefit (Rider & Standalone)
- Group Disability Income
Group Hospital & Surgical Insurance
The Group Hospital & Surgical Insurance is an inpatient medical expense insurance policy designed to reimburse the expenses incurred by an employee or his covered dependants as a result of hospitalization and/or surgery.
Group Major Medical Insurance
This is a Rider to a Group Hospital & Surgical Insurance policy and it reimburses medical expenses in excess of the basic benefit limits covered under the Group Hospital & Surgical Insurance.
Group Term Life Insurance
The Group Term Life Insurance is designed to provide a lump sum benefit payment upon the death or disability of insured persons arising from all causes (natural & accidental).
Group Critical Illness Insurance
The Group Critical Illness Insurance is a rider to Group Term Life Insurance. It will pay a lump sum benefit when the Insured Person is diagnosed of any of the Critical Illnesses listed below, certified by a Registered Medical Practitioner.
List of the 30 covered Critical Illnesses:-
- Kidney failure
- Major organ / Bone Marrow Transplant
- Multiple sclerosis
- Paralysis (Loss of use of limbs)
- Terminal Illness
- Heart valve surgery
- Aorta Surgery
- Loss of speech
- Pulmonary hypertension
- Fulminant hepatitis
- Alzheimer’s disease
- Major burns
- Motor neurone disease
- Parkinson’s Disease
- Chronic liver disease
- Chronic lung disease
- Accidental head injury resulting in major head trauma
- Aplastic anaemia
- Muscular dystrophy
- Apallic syndrome
- Benign brain tumour
- Coronary artery surgery
- Heart attack
Group Disability Income Insurance
This plan provide benefits in the event of disability due to illness or injury resulting in inability of the insured member to perform all the duties of his/her occupation or any other occupation after the onset of disability. A Monthly Cash Benefit in the event of total disability will be paid to the insured member for a continuous period exceeding the Deferred Period. The insurer shall pay to the Assured a Monthly Disability Benefit stated in the Benefit Schedule and ceases once the Benefit Period expires.
Group Personal Accident Insurance
The Group Personal Accident Insurance is designed to provide a lump sum benefit payment upon the death or disability of insured persons arising from accidents.
Group Outpatient Clinical Benefits
The Group Outpatient Clinical Benefits provides convenience when seeking consultation without having to pay out of pocket (for Plan with no co-payment) when visiting any of the Insurer’s participating panel clinics.
Reimbursement of eligible expenses incurred at non-panel clinics, polyclinics or A&E Department of any hospitals in Singapore are also covered subject to a specified limit. The coverage can also be extended to dependants of employees.
Group Outpatient Specialist Benefits
The Group Outpatient Specialist benefits reimburse eligible expenses incurred at specialist clinics and diagnostic X-ray and laboratory tests referred by a registered general practitioner.
The reimbursement of medical expenses for Specialist Consultation (Diagnostic Test, X-Ray & Laboratory Test) are subject to a limit stipulated in Policy Schedule of Benefit.
Group Dental Benefits
The Group Dental Benefits reimburse eligible dental expenses incurred at the Insurer’s panel dentists. The reimbursement of dental expenses works either as a charged basis under Insurer’s panel dentists or subjected to an annual limit.
Some of the common Benefits :
- Test & Laboratory
- Root Canal Treatment
- Surgical Extractions
Foreign Worker Bond
This is a bond required by Ministry Of Manpower (MOM) to ensure any one particular foreign worker remains employed by the client during the term of his service in the company.
All employers of Work Permit holders are required to deposit a Security Bond of S$5,000 with MOM for each and every foreign worker to be employed. This security bond allows the waiver of the upfront S$5,000.00 to the MOM, unless Bond Call. The security bond must be furnished prior to the foreign worker's arrival in Singapore, failing which entry into Singapore will not be allowed.
For the security of all our potential and existing clientele, it is advisable to arrange for the bond at least 3 working days prior to arranging for the foreign worker’s arrival to Singapore.
The foreign worker bond is not necessary for employees who fall under either one of the following categories:
- Malaysia Nationality
- Employment Pass Holders
Foreign Worker Medical Insurance
Foreign Worker Medical Insurance (FWMI) is a mandatory cover for the Employer to provide for foreign workers who are Work Permit and S Pass holders only. It basically covers for the medical expenses. This insurance includes coverage on hospital bills for situations that may not be work-related, and not claimable under the WIC.
FWMI differs from the Work Injury Compensation Insurance (WICI). WICI provides compensation on the medical expenses incurred in the event of employee/s suffer from work-related injuries. WICI applies as a requirement by the Ministry Of Manpower (MOM), to both local and foreign employees.
With effect from 1st January 2010, the minimum requirement of MOM is on the employers to purchase the insurance at a sum insured of S$15,000.00 per foreign worker. The insurance premium differs from one insurer to another and employers may contact us to further enquire on the applicable premium.
The foreign worker medical insurance is not necessary for employees who are Employment Pass Holders.