Premier Wealth Solutions
Employee benefits typically refer to retirement plans, health insurance, life insurance, disability insurance. Individual benefits are increasingly expensive for businesses to provide to employees, so the range and options of benefits are changing rapidly to include, for example, flexible benefit, group risk, group pension, group health.
Group risk benefits are designed to protect and insure employees and their families in the event of long-term illness or death while working for an organization.
Group risk benefits, especially critical illness and life insurance, can also be extended to employee family members as well as the employee. This makes the benefit even more attractive and even more valuable to both the employer and employee.
This is a company funded retirement scheme which is based on a defined contribution basis of which the employee will pay a portion and their company will contribute a portion on behalf of the employee.
