Portable Group IncomeShield

The portable plan with multiple benefits

Health insurance is a benefit most choice employers provide. It gives staff the assurance of being able to meet healthcare costs should the need arise. However, this coverage ceases when the employee leaves the company, which exposes him or her to unnecessary risks and undue worry.

NTUC Income is the only insurer that offers a fully integrated Portable Medical Benefits Scheme (PMBS). The Medisave-approved Portable Group IncomeShield offers employees a much higher level of Hospital and Surgical insurance coverage. Employees can continue to receive the same level of protection by choosing to continue the plan on an individual basis when they retire, leave the company or are between jobs.

The plan also offers optimal premium and expense management, as well as additional tax relief for companies.

An added level of assurance for employees

An advantageous plan for all
Portable Group IncomeShield benefits both employer and employee alike.

Benefits for the employer

• Reduced expenses with "As charged" features¹
  Portable Group IncomeShield pays out eligible medical expense claims in full and waives the limit for claimable benefits².
  
• Optimal premium and expense management
  For better budget management, premiums for Portable Group IncomeShield will not fluctuate due to the past claims experience. The employees can receive greater benefits at the same time².
  
• Increased tax relief of up to 2%
  With this portable plan, your company enjoys tax deductibility for medical expenses of up to 2% of the total remuneration. Tax relief allowable for other group plans is only at 1%.

Benefits for the employee

• Unlimited lifetime coverage
  While other group plans typically provide coverage up to the age of 70 (age next birthday), Portable Group IncomeShield guarantees renewal of cover for life.
  
• Peace of mind
  Employees can continue with the coverage under the same policy terms even after retirement or resignation from the job. They have the option to purchase the Assist Rider that offers a cap on the co-payment, so they will have an easier time managing substantial medical expenses.
  
• Waiver of deposit eases hospital admission
  Our Letter Of Guarantee³ waives any partial or full deposit required by the hospital upon admission.

Flexible funding model
An employer need not pay higher costs to enjoy thebenefits of Portable Group IncomeShield.  This scheme’s flexible funding model has multiple payment options to suit an employer’s intended budget. Comparatively, with the same dollar outlay as a less advantageous group plan, employers and employees can receive more benefits from Portable Group IncomeShield.

Give your staff a benefit that lasts a lifetime!