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Insurance Regulation in Jamaica, exercised by the Financial Services Commission, is an example of globalization, in that the level of control and reporting is to first-world standards.

 

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The Employee Benefits Department

Our core responsibility is to provide services in:

Group Life Insurance
Personal Accident Insurance
Local and International Health Insurance
Travel Insurance
Pension

Our services comprise of:

Risk Evaluation

Evaluation of Risk and Coverage needs based on an understanding of your:

Financial Capabilities
Business Operations
Management and Culture

Marketing & Plan Negotiation

Negotiate with the entire Insurance market to obtain the most satisfactory benefits, competitive rates and terms of coverage. Providing updates on market conditions and developments in the healthcare sector.

Plan Design

Develop and advise on the most appropriate benefits for your Employees.

Plan Management

Includes monitoring and analyzing reports to detect trends; quarterly review of the performance of the plan; providing an insight into trends; and benchmarking these against industry standard.

Placement & Administration

Assist with the administration of all Insurance plans to ensure that service delivery standards are met.

Addressing concerns and resolving members’ issues
Conducting periodic service calls.
Interpreting of Insurance Contracts, policy wordings and coverage issues.

Claim Administration

Reporting of claims, acting as advocate for our Clients in any dispute resolution.
Expedite the settlement of claims.
Act as advisors in respect of insurance claims.
Tracking of claims to ensure that the turnaround time is met.
Analysing Claims Utilization Reports each quarter.

What is Group Life? Group Life Insurance is to provide financial assistance to the dependents of an eligible employee in the event of death from any cause (except suicide) while insured.

Who is eligible for group Life? All present employees on permanent staff who are actively working, up to age 70.

Types of Group Life Cover- There are two types of cover Flat Cover Basis and Salary Multiple Basis, it is up to the employer which plan would be most suitable and affordable.

Accidental Death and Dismemberment- This provides additional protection for employees in the event of dismembering injury or accidental death while insured. This too can be flat basis or multiple of salary cover.

Personal Accident Plan- This is aimed at providing employees and their families with financial assistance, should the insured member become temporarily or permanently disabled, or die as a result of an accident in the work place or elsewhere.

Who can get personal accident cover?

Associations
Businesses
Hotels
Schools

Tour Operators and any other group not limiting to those mentioned. Individuals can also purchase a personal accident plan.

Travel Insurance- This provides financial protection while on your journey, whether it may be business or pleasure. It covers you from the departure date through to the date of arrival.