SINGAPORE – Media OutReach – 12 August 2020 – Chubb announced today the launch of Recover & Return Insurance, a market-leading group insurance plan for businesses in Singapore. With countries and territories beginning to emerge from lockdowns, businesses need to consider establishing risk mitigation plans to protect workforces when they return to traditional workplaces.
Chubb’s Recover & Return Insurance is designed specifically for employers to care for the health, safety and well-being of their employees so that they can return to their workspace with confidence.
Highlights of this product include lump sum payouts upon diagnosis of COVID-19 for the following:
Benefits for the employee –
1. Admission to hospital.
2. Admission to the Intensive Care Unit.
3. Family bereavement in the event of the demise of an insured employee.
Benefits for the employer –
1. Counselling for employees should a colleague working nearby be diagnosed with COVID-19.
2. Workplace disinfection.
Ben Howell, Deputy Head of Accident & Health at Chubb in Asia Pacific said, “We recognise the need to enhance the confidence of companies and their employees as they return to their traditional workplaces. The Recover & Return Insurance complements our Work from Home Insurance launched recently. Both insurance products address the concerns of employers in providing sustained care for their employees in the new normal, whether working from home or their traditional workplace.”
Chubb is the world’s largest publicly traded property and casualty insurer. Chubb Insurance Singapore Limited, via acquisitions by its predecessor companies, has been present in Singapore since 1948. Chubb in Singapore provides underwriting and risk management expertise for all major classes of general insurance.
The company’s product offerings include Financial Lines, Casualty, Property, Marine, Industry Practices as well as Group insurance solutions for large corporates, multinationals, small and medium-sized businesses.
In addition, to meet the evolving needs of consumers, it also offers a suite of tailored Accident & Health and Personal & Specialty insurance options through a multitude of distribution channels including bancassurance, independent distribution partners and affinity partnerships.
Over the years, Chubb in Singapore has established strong client relationships by delivering responsive service, developing innovative products and providing market leadership built on financial strength.