Join us on our WhatsApp Channel, follow us on Instagram, and receive browser alerts for the latest news you need to know.
By AIA Singapore
Friday, 04 Oct 2024 10:55 AM MYT
With over half (59%) of Singaporean consumers expressing a need or potential need for additional resources and support for mental wellness[1], AIA Singapore aims to bridge this gap with their upcoming policy enhancements.
SINGAPORE - Media OutReach Newswire - 4 October 2024 - AIA Singapore, the leading insurer in employee benefits, today announced substantial enhancements to its corporate insurance policies starting in 2025. This includes a first-in-market expanded inpatient coverage for mental health care and other enhanced benefits to provide more accessible and inclusive support for its corporate customers, at no additional premiums.
Designed to address the evolving needs of employees today, these improvements are poised to benefit approximately one-third of Singapore's workforce, demonstrating AIA Singapore's commitment to providing comprehensive employee benefits solutions.
Critically, over half (59%) of Singapore consumers believe that they need or might need more resources or support for mental wellness, identifying affordability (66%), accessibility (53%), and presence of workplace initiatives (51%)[1] as essential resources and support required. This is especially worrying as nearly 1 in 2 (44%) Singaporeans experience mental health struggles[2].
Businesses also face considerable repercussions from poor employee mental health, with productivity losses reaching up to 40% among those struggling with mental health issues[3]. As the leading provider of employee benefits, AIA Singapore's corporate insurance policy enhancements are set to make a substantial positive difference for more than 1.3 million employees they insure[4].
"Today, achieving holistic wellness means going beyond physical fitness and taking care of both physical and mental wellbeing. With full-time employees in Singapore averaging over 40 hours per week at work[5], employers hold a crucial responsibility in supporting their employees' mental health. Recognising this, AIA Singapore is dedicated to partnering businesses by offering comprehensive and fl...
English (US)