What makes a business is its people. Finding the right people for your business is not an easy feat and you make an enormous financial investment in finding and training the right people.
Group insurances is a cost effective additional employee benefit to attract and retain talent in the business. It also shows a commitment that you care about your employees, their family and their financial future in event of severe illness, injury, or the loss of a loved one.
Jing Fortune Group are qualified and professional group insurance advisers who are skilled in designing and implementing attractive group insurance plans tailored to the needs of your business.
Group Insurance cover is provided automatically without the need for an application, or medical underwriting, meaning employees with pre-existing medical conditions can also be covered.
The business cost and risk associated with self-insurance and extended sick leave is significantly reduced.
Group insurance premiums are potentially cheaper compared to the premium cost of individuals seeking cover, as the risk is spread across the company as a whole.
By offering an attractive insurance package, you can provide valuable protection for your employees and their families. What’s more, you’ll also be cushioning your business against the costs of paying extended sick leave if your employee has to take time off work
Group insurance policies can be structured inside or outside superannuation.
Types of group insurance policies available
The types of group cover available include:
Group Salary Continuance provides an income stream (up to 75% of insured member’s pre-disability income) if members are unable to work (either temporarily or permanently) due to sickness or injury.
Group Life & TPD (GL):provides lump sum benefits in the event of death or total and permanent disablement of members.
Jing Fortune Group Pty Ltd offered our clients variety of financial services such as brokerage, credit cards, payment services, taxes and accounting, and investment funds.