SINGAPORE - Media OutReach - 15 October 2020 - AXA Insurance has launched #BetterMe by AXA, an employee benefits offering designed to empower employers to meet the diverse needs of their multi-generational workforce, and to cultivate more engaged and productive employees who will drive their organisation forward.
#BetterMe by AXA allows companies to provide employees insurance coverage that can be customised according to their individual needs, as well as comprehensive benefits including a suite of health and wellness services beyond traditional insurance protection.
Julien Callard, Managing Director, Retail & Health, AXA Insurance said the COVID-19 pandemic has dramatically changed workplaces, regardless of size or industry, and put employee benefits in a new spotlight as this is a time when employees are most looking for support.
"More employers today are recognising the value of putting their people first, which can contribute to positive outcomes such as better overall health and well-being of their employees, employee loyalty, increased engagement and enhanced productivity. #BetterMe by AXA is our commitment to support employers in meeting the evolving needs of their employees and nurturing a stronger and more resilient workforce."
Understanding employees' expectations of benefits
There has never been a better time for organisations to invest in their most valuable asset, their employees, and this can start with an understanding of what their employees want from their employee benefits package.
A study by AXA found that limited coverage was the biggest area of dissatisfaction for employees when it comes to their company's health insurance plans. 36% of the respondents were unhappy about the level of coverage in the benefits they receive. Additionally, the study also revealed that employees of different age groups prioritise different benefits depending on the stage of their life journey.
"We understand that a diverse workforce has varying expectations and needs, and companies today require more than a one-size-fits-all solution. #BetterMe by AXA goes beyond offering employers the ability to choose coverage that caters to employees, to even letting employees have an added layer of customisation where they can choose to enhance their level of coverage for themselves and even their dependents or add on new benefits for greater protection. More than that, it also addresses employee well-being holistically with the wellness services and solutions available," added Callard.
Here's an overview of what companies and their employees will get with #BetterMe by AXA:
- A customisable and holistic employee benefits programme:
- Company's HR selects a base plan with options for hospitalisation and term life insurance, followed by optional add-on coverage and supplementary services.
- Employees will then have the option of enhancing their company-provided insurance plan by increasing the level of coverage or adding on new coverage, such as critical illness insurance, personal accident insurance, general practitioner coverage, specialist coverage, and dental coverage. Employees will soon have the option to purchase extended coverage for their dependents too.
- Dedicated support for onboarding and staff engagement:
- AXA will also partner
companies to engage their employees through on-site events in a variety of
formats and topics, ranging from financial wellness and health talks to coaching
programmes for professional development and networking events.
- Convenient access to information and services through digital tools:
- Employees too can enjoy
greater convenience with policy information available at their fingertips via
the MyAXA app and portal, including personal policies they may have with AXA.
They can also look forward to being
able to enjoy greater integration of wellness services into the app in future
updates of MyAXA .
AXA will continue to expand the range of services offered under the #BetterMe by AXA programme.
As part of the launch, AXA has also unveiled a short promotional film, titled "The Employee Roundtable", which is set in an office boardroom and follows a diverse group of employees as they each share suggestions on the types of employee benefits they would value most individually.
For more information on #BetterMe by AXA, please visit axa.com.sg/employee-health-benefits/better-me-by-axa.
To view the short film, please visit bit.ly/BetterMebyAXA.
ABOUT AXA INSURANCE
AXA Insurance is part of the AXA group, a worldwide leader in insurance and asset management with 160,000 employees serving 108 million clients in 57 countries. Present in Singapore since 1969, AXA Insurance has been serving the general and life insurance needs of individuals and companies in Singapore through a wide range of innovative products. As one of the top global insurers in Singapore, AXA Insurance protects more than a third of a million customers in Singapore. As a company whose business is about protecting people, AXA Insurance is committed to building a stronger and safer society by empowering customers to live better lives.
For more information,
please visit www.axa.com.sg.