Insurance Services ~ Singapore Professionals' & Executives' Co-operative

Wednesday, December 15, 2010

Insurance Services

Group Protection & Welfare Benefits

To help you ride over unforeseen transitions in your working life, SPEC offers insurance schemes with portable benefits without encouraging a “crutch mentality”. For a very special annual premium, SPEC members are eligible for a number of core protection/ insurance programmes, which include hospitalization/surgery and payout due to personal accident. SPEC is also looking into other medical benefits to help members defray increasingly high medical costs.

The annual premium payable is kept low and affordable for all members.

Group Insurance

Insurance Protection – suitable for those who are on contractual, part-time and portfolio status; employed; self-employed and those in career transition or not in any employment

Hospitalization & Surgical benefits
Sum payable upon death due to illness
Optional Riders

Clinical outpatient
Specialist outpatient
Group Personal Accident.

Portable Medical Insurance

Our Group Insurance Protection is perfectly portable with no need for medical check-up and rates are lower than Hospital and Surgical Plan purchased as an individual.

As a group, members enjoy savings on premiums and benefits that are comprehensive that covers even your dependents.

We have a wide selection of Standard, Classic, Gold or Platinum Plans that you can choose from, together with a whole range of riders like Clinical Outpatient, Specialist Outpatient, Dental and Group Personal Accident coverage to suit your individual needs.

Reasons to be insured under SPEC

For a very special premium, SPEC members are eligible for:

A number of core protection/ insurance programmes, which include hospitalization/ surgery and payout due to personal accident.
SPEC is also looking into other medical benefits to help members defray increasingly high medical costs.

Benefits

More cost savings at lower premiums
Portability of insurance even when there is a change in jobs
Premium does not increase with age
No need for medical check-ups
Last entry age at 64
Covers up to age 69
Wide range of riders

Application Forms

Liaison with AIA

SPEC liaises with our insurance provider AIA, which is a wholly-owned subsidiary of American International Group, Inc. Together with AIA, we hope to bring you portable medical insurance at an affordable group premium

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About US

SPEC is founded by Singapore Human Resources Institute (SHRI) in May 2000.

Launched in the aftermath of the Asian Financial Crisis in 1997 and 1998, SPEC helped Singaporean professionals and executives who were retrenched. SPEC to look for jobs and also helped those whose jobs were affected by the severe acute respiratory syndrome (Sars) scare in 2003 and the rapid restructuring of the economy.

SPEC strives to create a “harbour of lives and opportunities” for Singapore’s professionals, managers, executives, businessmen and self-employed (PMEBS). A new economy co-operative, SPEC aims to be a dynamic and efficient source of help for its members to thrive and seek gainful employment.

SPEC’s vision is to achieve connectivity with its members, thus enhancing and enriching social capital in Singapore for the progress and prosperity of their family and workplace. Our co-operative values are based on self-help, self-responsibility, democracy, solidarity, and ethical values of honesty, openness, social responsibility and caring of others.

Looking ahead, SPEC helps to ensure that Singapore’s professionals and executives in its fold can find comfort and support not just during times of uncertainty, but also to meet the challenges of the new economy.

Overview of Services@SPEC: