Keep your business going strong. Commercial

Transcription

1 Commercial Keep your business going strong AXA SMARTPLAN SME Comprehensive insurance solution that protects your employees, business, and liabilities.

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3 We understand the complexity in managing business risks and your challenges in retaining and attracting the right talents amidst the constant changing economy. Let AXA SMARTPLAN SME take care of your business needs with a comprehensive solution to protect your assets and employees, ensuring that your business stays strong despite all odds.

4 Comprehensive solution for your business and employee needs Business Insurance Employee Insurance Protects your business from significant business risks due to liabilities or damages to your assets, that can affect your business continuity and productivity. Protects your business against costly healthcare expenses in the event of illness or injury to your employees, enabling you to attract and retain the best people for the job. The benefits of having all your insurance under AXA Potential cost-savings with business and employee insurance in one package Easily manage your insurance schedule with a common renewal date for different policies When your business grows, it is easy to acquire additional cover for new staff, increase property and turnover values

5 Business Insurance Insurance coverage that matters for your business Protect Your Property Property All Risks compensates you for the damage to your property (including your goods-in-transit in Singapore) due to accidental causes, including but not limited to fire, water damage, flood and even due to burglary without forcible entry. Fulfill Your Employer Liabilities As an employer, it is mandatory under the Work Injury Compensation Act (WICA) in Singapore that you protect your employees engaged under a contract of service against work accidents or illnesses. Work Injury Compensation provides coverage for any claims, legal costs and expenses incurred, relating to your responsibility as an employer. Did You Know? It is mandatory in Singapore to provide work injury compensation for: All employees doing manual work, regardless of salary level All employees doing non-manual work, earning less than S$1,600 a month The option to purchase Work Injury Compensation coverage for your other employees is available. For more information on Work Injury Compensation, please visit Protect Yourself Against Public Liability Public Liability covers third party property damage, death or injury due to an accident that your business is liable for. Third parties include walk-in customers or your neighboring establishments. Recover Your Loss of Profit Business Interruption (Gross Profit) covers loss of profit in the event that your business is disrupted as a result of insured property damage. It also covers increased costs incurred to avoid or reduce shortage in turnover.

6 Receive a Daily Lump-Sum When Your Business is Interrupted This benefit allows you to receive daily sum to abate cash flow problem and pay additional costs necessary to get back to business immediately in the event your business is interrupted as a result of property damage, outbreak of infectious disease, denial of access to the premises, or power failure. Insure Against Loss of Money Covers the loss or damage to your money (currency notes, cheques, credit card, sales vouchers): In lockers on your premises, at any time. In transit in Singapore, while in your custody or someone you have authorised. Protect Yourself Against Dishonest Acts of Employees Fidelity Guarantee covers your financial loss arising from any act of fraud or dishonesty committed by your employees. Insure Your Building If you own or are responsible for insuring the building, Fire on Building covers the loss or damage to the building against various perils such as fire, lighting, malicious acts, riot, water burst, flood, earthquake, typhoon, etc. We are attentive to your claims! All Surveys, if necessary, are done within 24 hours. Fast Cash Relief helps you avoid Cash Flow challenges when your business at the insured location is disrupted due to a property damage. All the above coverage are subject to policy terms, conditions and limits.

7 Finding the right insurance for your business is easy For each coverage that you require, you can insure up to the Maximum Sum Insured/ Limit of Liability. Coverage Policy Limits Minimum Coverage Property All Risks (stock cover is not more than 25% of sum insured) Work Injury Compensation S$2,000,000 S$10,000,000 (up to 25 employees) Riders Public Liability Business Interruption - Gross Profit Business Interruption - Daily Cash Money Fidelity Guarantee Fire on Building S$5,000,000 S$1,000,000 (Indemnity Period: 12 months) S$500/day up to 100 days S$30,000 S$5,000 per employee S$10,000 in the aggregate S$2,000,000 Note: This product is applicable to 4 trades: Office, Food & Beverage, Personal Services and Retail. If your business does not belong to these 4 trades, or need higher sum insured, please contact your Financial Adviser or AXA at (65) for other insurance solutions.

8 Employee insurance Boost Employees Efficiency with our Comprehensive Coverage Made available to you from a minimum of just two insured employees*, customised to fit your business needs and budget. * For a group of two employees, the maximum entry age is 50 years. Minimum coverage: Hospitalisation & Surgical Covers medical expenses when the insured persons are hospitalised or going through surgical operations, as well as major outpatient treatments such as Cancer and Kidney Dialysis. Riders: Extended Major Medical Rider Additional cover when the insured persons are hospitalised for more than 20 days or going through major surgical operations (of at least 75% of the benefit payable under the Surgical Table). Outpatient General Practitioners and Specialists Riders Gain access to an islandwide network of General Practitioners with over 450 clinics offering cashless consultation. Covers medical expenses such as Consultation, Prescribed Medicines, Laboratory Tests, Diagnostic Scan, and more, without the insured persons being hospitalised. Dental Rider Reimburses expenses incurred at a dental clinic of your choice to cover teeth cleaning and dental treatments. Optical Rider An innovative eye care plan that provides great savings on eyewear and an all-inclusive eye examination which may uncover not just vision problems such as Cataract, Glaucoma, etc. but also heath conditions such as high blood pressure, cholesterol and diabetes. Personal Accident Rider Covers loss of life, permanent disablement or dismemberment due to an accident. Pre-existing medical conditions coverage All pre-existing medical conditions, except Cancer and Renal Failure^, are covered after 12 months of continuous cover. ^ Cancer and Renal Failure are only covered if they are not pre-existing conditions according to our definition.

9 A vast range of protection options Hospitalisation & Surgical Covers hospitalisation and surgical expenses. Benefits Schedule (S$) PLAN 1 PLAN 2 PLAN 3 PLAN 4 PLAN 5 PLAN 6 Policy Limit (applicable to all benefits except items marked*) 250,000 per policy year Maximum Per Disability Type of Hospital Private Private Private Private Govt / Restructured Govt / Restructured Room & Board (standard) 1 Bed 1 Bed 2 Bed 4 Bed 1 Bed 4 Bed ICU/CCU/HDU 10,000 10,000 10,000 10,000 10,000 Hospital Miscellaneous Services Surgeon's Fees (Subject to Surgical Table for Private Hospital) ^ In-Hospital Physician's Fees (not subject to Surgical Table) 25,000 20,000 15,000 25,000 15,000 Ambulance Charges Pre-Hospitalisation / Surgery Specialist s Consultation (Up to 90 days before hospitalisation / surgery) Pre-Hospitalisation / Surgery Diagnostic Services (Up to 90 days before surgery) Post-Hospitalisation / Surgery Treatment (Up to 90 days) 2,000 1,500 1,000 2,000 1,000 Medical Report Fees Accidental Miscarriage / Abortion due to Medical Reason / Ectopic Pregnancy Emergency Outpatient Treatment (due to accident) Emergency Outpatient Dental Treatment (due to accident) 3,000 1,000 1,000 1,000 1,000 1,000 2,000 1,500 1,000 2,000 1,000 5,000 2,000 1,500 1,000 2,000 1,000

10 Benefits Schedule (S$) PLAN 1 PLAN 2 PLAN 3 PLAN 4 PLAN 5 PLAN 6 Surgical Implants 5,000 2,000 1,500 1,000 2,000 1,000 Outpatient Kidney Dialysis (Max. per policy year) Outpatient Cancer Treatment (Max. per policy year) 75,000 20,000 15,000 10,000 20,000 10,000 75,000 20,000 15,000 10,000 20,000 10,000 Special Grant 5,000 5,000 5,000 5,000 5,000 5,000 Hospital Cash Benefit (per day) up to 90 days of hospital confinement in Government / Restructured Hospital B1 Ward B2 / B2+ Ward C Ward N.A N.A Daily Recovery Benefit (after 3 days of hospitalisation, up to 30 days) 150 Dread Disease Recuperation Benefit (Multiple Sclerosis, Heart Attack, Cancer & Stroke) + 10,000 Parent Accommodation (up to 60 days per year for child below age 12) N.A Home Nursing (up to 26 weeks) Emergency Medical Evacuation / Repatriation* Repatriation of Mortal Remains or Local Burial* Unlimited Unlimited * The above benefits are not subject to annual policy limits ^ Plan 1 and surgical fee incurred at a Singapore Government Hospital or Singapore Government Restructured Hospitals are not subjected to surgical table. + Dread Disease Recuperation benefit is subject to a waiting period of 90 days. The Life Insurance Association Singapore (LIA) has standard Definitions for 37 severe-stage Critical Illness (Version 2014.) These Critical Illness fall under Version You may refer to for the standard Definitions (Version 2014).

11 Extended Major Medical Rider Reimburses eligible expenses in excess of Group Hospital and Surgical where hospitalisation is required more than 20 days, or the surgical procedure is of at least 75% of the benefit payable under schedule of the surgical table. Benefits Schedule (S$) PLAN 1 PLAN 2 PLAN 3 PLAN 4 PLAN 5 PLAN 6 Policy Limit (applicable to all benefits ) Eligible medical expenses payable for: Hospitalisation of more than 20 days; or Surgical procedure of at least 75% of the benefit payable under the Schedule of Surgical table Maximum Per Disability 100, ,000 80,000 50, ,000 50,000 Type of Hospital Private Private Private Private Govt / Restructured Govt / Restructured Room & Board (Standard) 1 Bed 1 Bed 2 Bed 4 Bed 1 Bed 4 Bed Surgical Implants 10,000 10,000 8,000 5,000 10,000 5,000 Co-Insurance NIL NIL NIL NIL NIL NIL Group Outpatient General Practitioner Rider Covers eligible expenses incurred at a general practitioner, polyclinic or A&E department of any hospital in Singapore. Benefits Schedule (S$) PLAN 1 PLAN 2 Panel Clinics Visit to Polyclinic X-Ray and Laboratory tests (referred by panel clinic or polyclinic) Non-panel Clinics 35 per visit 35 per visit A&E Departments 100 per visit 100 per visit Overseas Outpatient Treatment 35 per visit 35 per visit Number of visits per year Unlimited Unlimited Co-payment per visit (applicable to all benefits) N.A 10

12 Group Outpatient Specialist Care Rider Reimburses eligible expenses incurred at specialist clinics, referred by a general practitioner. Covers Traditional Chinese Medicine, and Physiotherapy or Chiropractic Treatment referred by a qualified physician. Benefits Schedule (S$) PLAN 1 PLAN 2 Outpatient Specialist Consultation 2,000 per policy year 1,000 per policy year Outpatient Diagnostic Scan, X-Ray & Laboratory Tests Physiotherapy / Chiropractic Treatment (referred by Qualified Physician) Traditional Chinese Medicine (TCM) 2,000 per policy year 1,000 per policy year 500 per policy year 500 per policy year 35 per visit (max. 3 visits per year) 35 per visit (max. 3 visits per year) Group Dental Rider Reimburses eligible dental expenses incurred at any dental clinic. Consultation Benefits Schedule (S$) PLAN 1 PLAN 2 Medication (including administration of Local Anaesthesia) X-Rays i) Periapical Film iii) Occlusal Film ii) Bite-Wing iv) Orthopantomograph Prophylaxis i) Scaling / Polishing ii) Fluoride application Amalgam Restorations Fillings Per Surface Tooth-Coloured Restorations Fillings Per Surface Extractions (inclusive of LA) i) Anterior Tooth ii) Posterior Tooth Oral Surgery (inclusive of LA) i) Surgical Root Removal (Per Tooth) ii) Surgical Removal of Wisdom Tooth Pulp / Root Canal Treatment i) Pulp Capping ii) Root Canal Treatment (inclusive of temporary fillings) One Canal Two Canals Periodontal Treatment Root Planing (Per Tooth) Miscellaneous Treatment i) Sedative Dressings ii) Retention pins restoration of tooth Crowning due to accident only Bridges - due to accident only up to 1,200 per policy year up to 800 per policy year Co-Insurance (applicable to all benefits) 20% 20%

13 Group Optical Rider Each insured member is eligible to one (1) comprehensive eye examination and one (1) frame & lens or contact lens package. Benefits (S$) Comprehensive Package Essential Package Benefit 1: All-inclusive eye examination that is designed not only for your glasses prescription, but also to fully evaluate your eye health, and in some cases, detect early signs of chronic conditions such as Diabetes etc. Optometrist Report is available upon request Benefit 2: Option 1 - Frame and lens Frame of any brand available at the store Single Vision Lens a. House-brand (including anti-reflective & EMI Shielding), or Fully covered, once a year Up to $300 Plus 20% discount on the amount over the allowance Fully covered Fully covered, once a year Up to $190 Plus 20% discount on the amount over the allowance Fully covered b. Any other lens Up to $120 Plus 20% discount on the amount over the allowance Up to $120 Plus 20% discount on the amount over the allowance OR Progressive Vision Lens a. House-brand (including anti-reflective & easy-to-clean coatings) or Fully covered Fully covered b. Any other lens Up to $280 Plus 20% discount on the amount over the allowance Up to $280 Plus 20% discount on the amount over the allowance Option 2 - Contact lens including Contact lens Examination (only available if you do not choose Frame and lens benefit) Up to $300 Plus 10% discount on the amount over the allowance Up to $160 Plus 10% discount on the amount over the allowance Insured members get a fully-covered comprehensive eye examination at Optical 88 s Professional Eyecare Center in Vivocity, plus additional savings on eyewear at any Optical 88 retail locations including Vivocity

14 Group Personal Accident Rider Covers loss of life, permanent disablement or dismemberment due to an accident. PLAN 1 PLAN 2 PLAN 3 PLAN 4 PLAN 5 PLAN 6 Sum Insured S($) 500, , , , ,000 50,000 This includes coverage for three occupational classes: Occupational Class Class 1 Professional, administrative, managerial, clerical and non-manual work solely in office or similar non-hazardous places. E.g. Accountant, Bank teller, Programmers, Doctor / Dentist (non-veterinary), Lawyer, Receptionist. Class 2 Office or supervisory work which involves outdoor, travelling or light manual work, and does not involve the use of tools or machinery or exposure to any special hazard. E.g. Beautician, Homemaker, Insurance Intermediary, Retail Assistant, Tour Guide. Class 3 Occupation which involves manual work which is not of hazardous nature but involves the use of tools or machinery. E.g. Baker, Chauffeur, Hawker (Food), Mechanic, Painter (not involving work at heights), Plumber. For more information on our range of insurance products, please contact AXA at (65)

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16 Important information AXA SmartPlan SME is a plan underwritten by AXA Insurance Pte Ltd. This brochure is not a contract of insurance and is published for general information only. For the full terms and conditions, please refer to the respective AXA SmartPlan or AXA SmartCare SME Policy which is the operative document. We reserve the right to amend any of the information shown without prior notice. You may wish to seek advice from a Financial Adviser before making a commitment to purchase the product. A product summary is available and may be obtained from AXA Insurance Pte Ltd. You should read the product summary before deciding whether to purchase the policy. In the event that you choose not to seek advice from a Financial Adviser, you should consider whether the products in question are suitable for you. This policy is protected under the Policy Owners Protection Scheme which is administered by the Singapore Deposit Insurance Corporation (SDIC). Coverage for your policy is automatic and no further action is required from you. For more information on the types of benefits that are covered under the scheme as well as the limits of coverage, where applicable, please contact your insurer or visit the GIA or SDIC websites ( or All information stated in the brochure is correct as of 13 October Contact Us (Singapore) (International) customer.care@axa.com.sg axa.com.sg Download MyAXA Or scan here Like our Facebook Page facebook.com/axasingapore