Employee Insurance
Employee insurance schemes provide your workers with cover to protect their health & wellbeing. A well structured benefit plan will attract new employees, retain old ones and help create a positive working environment.
What Benefits are available?
Private Health Insurance
Private medical/health cover will allow your workers to get access to the best healthcare in NZ. Several options are available from hospitalisation coverage, through to specialist & tests cover.
Critical Illness/Trauma
Pays a lump sum to your worker should they suffer one of the 50+ covered health conditions. This is designed to alleviate financial stress for your employee and their family.
Life Insurance
Provides a lump sum payment in the event of death. This lump sum would be paid to the employee’s family to help them reduce debt, pay for final expenses and/or create an investment fund for children.
Income Protection
A monthly benefit that pays your worker a replacement paycheck if they are unable to earn their regular income as a result of sickness, injury or surgical procedure. The benefit ensures they can continue to pay their personal bills whilst they recover.
Disablement Insurance
Pays a lump sum to your worker should they become disabled and be unable to continue working. This will relieve the financial impact of losing ones job to disablement.
An employee insurance scheme doesn’t have to be expensive & means your workers will have access to quality healthcare services.
Allowing them to recover sooner and get back to work faster.
Employee Insurance FAQ’s
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You can include as few, or as many benefits as you like from the above list.
If you are unsure what benefits you want to include, we can advise based on your business goals & budget.
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This is entirely dependent on the size of your eligible workforce, their age and what cover you wish to include for them.
Generally, Life & Trauma covers are affordable and can cost as little as $5/month per employee.
Health Insurance is more costly however it is often claimed on and is seen as very desirable among people looking for work.
The perceived benefit from your worker is generally larger than the cost of the insurance.
E.g. if your company offers a salary that is $2,000/yr less than a competitor, but includes an extensive employee insurance scheme (that might only cost $500/yr), many people will take the lower offer with benefits.
This would be financially advantageous to your business.
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Yes.
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Setup is straightforward.
We meet with you to discuss what benefits you want to include, who you want to include them for and any other options specific to your business & goals.
We write a report which includes several options and their prices, along with our recommendations.
If you’re happy, then a simple application will be filled out and signed by the company director/s along with a list of employee details for those to be covered under the scheme.
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Many Kiwi’s understand the need for this type of insurance, but most put it in the ‘too hard’ or ‘I’ll do it later’ basket.
An employee insurance scheme gets this insurance in place for your workers without demanding any effort from them.
This will be seen as a huge help and is something that not many employers offer.
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Most insurers have a minimum of either 5 or 10 people covered under the group scheme (depending on the benefits you want for your workforce).
Sometimes over 15 people qualifies your workers for exclusion-free cover as well.
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Absolutely.
We understand that employees may leave, new ones may enter or other large changes may occur that require modification to the group scheme.
We will personally assist you with any alterations that need to be made.
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“Elan got us the cover we needed and saved us money as well”
Justin Wood
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“I could not reccommend these guys more - they made it easy & painless.”
Gina Brighouse
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“Easy to deal with, very professional & knowledgeable regarding insurance.”
Graeme Turner