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Chubb enhances Work Injury Compensation Insurance in Singapore

By   /  January 8, 2018  /  Comments Off on Chubb enhances Work Injury Compensation Insurance in Singapore

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Source: Media Outreach
Headline: Chubb enhances Work Injury Compensation Insurance in Singapore
SINGAPORE – Media OutReach – 8 January 2018 – Chubb todayannounced the enhancement to its Chubb WorkGuardTM product — a Work Injury Compensation Insurance forSingapore businesses. The enhanced wording will apply to all risks bound from 1January 2018, unless separately agreed.

At the core of theenhanced policy, is the broader suite of insurance coverages that encompassesIncreased Common Law Limit and Increased Medical Expenses provision. These havebeen incorporated to meet the evolving business needs in the face of changing workplacesafety and health management systems in Singapore.

Chubb Work Guard alsooffers benefits such as coverage for Hospitalisation Leave and Non-OccupationalAccidental Death and Total Permanent Disability, both of which are beyond thestatutory requirements. Twelve new benefits have also been added:

Traditional Chinese Medicine expensesReplacement Staff/Recruitment CostsFuneral ExpensesContinuous Worldwide Bed ConfinementAccidental HIV InfectionTerrorism Benefit — Injury (Lump Sum)Terrorism Benefit — Witness (Lump Sum)Terrorism Benefit — Incapacity (Lump Sum)Workplace Trauma Benefit24-hour Cover on Worldwide Business TravelTravelling to and from Work (excluding travelling ontwo-wheelers)Contingent Liability to Independent Contractors

Adam Clifford,Chubb’s Country President for Singapore said, “To ensure a holistic andprogressive solution for businesses in Singapore, we have redesigned our productoffering so that it remains competitive and tailored to our clients’ needs. Withour deep market insight and commitment to quality service, we aim to provide a best-in-classsolution for our existing and potential clients so they have adequateprotection to mitigate the impact of a workplace accident.”
About Chubb in Singapore
Chubb is the world’s largest publicly traded property and casualtyinsurer. Chubb Insurance Singapore Limited, via acquisitions by its predecessorcompanies, has been present in Singapore since 1948. Chubb in Singaporeprovides risk management and underwriting expertise for all major classes ofgeneral insurance, including Property & Casualty, Marine, Liability,Financial Lines and Group Personal Accident insurance. As one of the leadingproviders of Accident & Health insurance through direct marketing, thecompany partners with financial institutions and other companies to tailorindividual policies for their clients and employees. In addition, it offers asuite of customised Personal & Specialty insurance solutions to meet theneeds of consumers. Over the years, Chubb in Singapore has established strong clientrelationships by offering responsive service, developing innovative productsand providing market leadership built on financial strength.
More information can be found at www.chubb.com/sg. 
Published and distributed with permission of Media-Outreach.com.

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