Employee Benefits
Employee Benefits
Group Term Life Insurance
Long Term Disability Insurance
Medical Insurance
Corporate Pension
Employee benefits insurance is contracted collectively with all employees as insurants. It is recognized as a corporate welfare system that provides various benefits, including support for medical expenses arising from illness, injury or childbirth of employees as well as family members.
Group Term Life Insurance
Group term life insurance covers the followings as the treaty:
· Disease Death
· Accident Death
· Accident Disability
· Cancer diagnosis / Major critical illness
· Hospitalization Allowance
· Medical Insurance Reimbursement (hospitalization / out-patient)
Group term life insurance covers the followings as the treaty:
· Disease Death
· Accident Death
· Accident Disability
· Cancer diagnosis / Major critical illness
· Hospitalization Allowance
· Medical Insurance Reimbursement
(hospitalization / out-patient)
Long Term Disability Insurance
In the event of loss of income due to injury or illness (subject to the disease classification table under the terms and conditions), a certain amount (part of the average monthly income) of the insurant shall be paid even after service or retirement.
Medical Insurance
For reasons applicable to national health insurance (injury, illness, childbirth), medical expenses covered by personal expenses for hospitalization and out-patient treatment are applied to domestic hospitals as follows:
· Reimbursement for medical insurance within certain limits
· Reimbursement (exclude a hospital’s bite) per one day with daily limit of out-patient treatment
Corporate Pension
Corporate pension is an operation in which severance pay is set aside by an external financial institution and received as a lump sum or annuity upon retirement.
Types of pension
· Defined Benefit
· Defined Contribution
· Individual Retirement Pension