Product Trends

GROUP

Equitable Life ® launches EZBenefits, a Better Benefits Experience for Small Business. PR Newswire, June 29, 2023.

EZBenefits is available to organizations with 2-25 employees. It offers a range of plan design options to fit every need and budget. The options include a mix of group life, health, and dental coverage. Employers can also add Long-Term Disability coverage and a Health Care Spending Account (HCSA).

Up to 90% of Participants See Improvement with Sun Life’s New Mental Health Tool. Press release, April 27, 2023.

Sun Life's Mental Health Coach (MHC), provided by CloudMD, is a new tool helping to tackle this issue head-on. The tool nudges clients who are at risk of developing a mental health issue and recommends a self-assessment. A coach then guides them to the right resources and support before their symptoms worsen.

GreenShield Announces First-of-its-Kind Solution to Reinvent the Health Care and Benefits Experience. Press release, April 13, 2023.

The GreenShield+ app allows users to easily check their coverage, access their benefits, connect with healthcare providers, and get reimbursed for their claims in one place.

Canada Life Adds Toothfairy Dental App to Group Protection Offerings. Healthcare and Protection, April 13, 2023.

Canada Life is offering the Toothfairy dental care app to all group protection customers. The app gives unlimited access to around the clock chat function which connects them directly to a dentist. The app’s core hours are 9am to 8 pm. Members also have access to virtual assessments, advice, and prescriptions for urgent issues.

Beneva Adds Pharmacogenetic Tests to its Group Insurance Offering. Press release, April 5, 2023.

Beneva is integrating BiogeniQ's pharmacogenetic tests into its best practices for managing disability and rehabilitation. Beneva offers pharmacogenetic tests to insured members who are on leave of absence or disability leave.

Digit Life Enters Insurance Space with Maiden Product Group Term Plan. Business Standard, June 26, 2023.

The group term cover focuses on holistic coverage of death, disease, and disability. The plan provides flexibility through multiple pay-out options, with four in-built optional benefits and various add-ons.

Tune Protect Launches New Accessible Protection Plans For SME and MSME Employees. BusinessToday, May 24, 2023.

Business owners have the flexibility to purchase life or medical/health insurance, or both, for their employees directly on a business-to-consumer channel. The plan contains a health/wellness-based rewards program called Activ8 which aims to improve employees’ health and well-being. It does this by providing access to annual health screening and digital coaching programs.

Gab Taxi Drivers to Enjoy Group Life, Medical, and Accident Insurance - (southafricainsights.com). South Africa Insights, June 6, 2023.

Owners of Gab taxi, an indigenous e-hailing application, have introduced to its drivers a comprehensive group life, accident, and medical benefits coverage. Benefits include N1, 5million death benefits whereby, in the unfortunate event of untimely passing, a driver’s nominated beneficiary would receive a substantial financial benefit as support.

Mudey Launches 100% Digital Corporate Life Insurance. Eco.sapo, June 25, 2023.

Mudey launches a life insurance plan that can be contracted and customized digitally by a company for its employee without the need for medical questionnaires. The platform offers the 'Wallet Companies' area, where customers can simulate and contract other coverage, organize information and documentation, and enjoy free services such as market research and insurance renewal reminders. (Text in Portuguese)

Zurich Partners with DKV and Google to Launch its First Digital Health Insurance. Sdli, June 7, 2023.

The policy will be contracted through DKV, who will provide physician access and telephone consultation to clients.

Bupa UK Launches Ground-Breaking Mental Health Proposition for Businesses. Press release, April 20, 2023.

Workplace Mental Health Advantage is an integrated service that supports mental health in a connected way, supporting people at every step. Bupa UK has partnered with JAAQ to offer businesses a customised set of innovative wellbeing services and tools for the workplace.

Bupa launches health benefits for UK frontline employees. Press release, January 18, 2023.

‘My Healthcare’ is a new market-leading health benefits proposition for UK frontline employees The benefits offered include access to GP services to physiotherapy and mental health support. It is cost-free to employees, with Bupa paying the tax benefit on behalf of colleagues.

Sun Life U.S. Offers New Dental Plan Options to Help Members Reduce Out-of-Pocket Costs and Maintain Preventive Care. PR Newswire, June 6, 2023.

Sun Life U.S. has launched two new PPO dental plan options for employer clients to help their employees stretch their benefit dollars and get more coverage for the dental care they need. The Preventive Rewards option incentivizes people to get regular cleanings by adding money to the annual maximum amount when they maintain preventive care. The RollMax option allows dental members to roll over a portion of unused annual maximum dollars for future use.

Benefitfocus Launches Personalized Decision Support Tool to Help American Workers Optimize Benefits Enrollment, Savings Decisions . EInpressWire, May 31, 2023.

The digital experience integrates employer-specific benefits. It provides employees with personalized guidance on medical, dental, vision, and supplemental health insurance. The tool also offers contribution guidance for health savings accounts (HSAs) and flexible savings accounts (FSAs).

Reframe Financial Soft Launches 'LifeStage', a New Digital-First Insurance Solution . PR Web, April 26, 2023.

Reframe LifeStage is a new kind of insurance designed for the millennial and ‘Gen X’ generations, available through employer groups and associations. The six-month soft launch will be limited to a select group of distributors. Reframe LifeStage is a first-of-its-kind hybrid policy for the worksite and association market and features indexed universal life insurance with cash value and long-term care (LTC) benefits. The policy is designed to evolve and grow in value over time to meet changing customer needs at key life stages.

New Colonial Life Cloud Platform Simplifies Benefits for Busy HR Leaders. PR Newswire, April 25, 2023.

Cathr is a cloud platform that enhances and elevates benefits enrolment, administration, and HR experience. The platform offers benefits enrolment, benefits, counselling, digital documents, and workflow.

Quantum Health Joins with HPI and Employers Health Network to Offer New Healthcare Navigation and High-Performance Networks Platform to Self-Insured Employers. BusinessWire, April 20, 2023.

Quantum Health will combine its navigation and care coordination platform with HPI’s third-party administration capabilities and leading regional health plan networks to provide members better access to high value providers.

Insurtech Pendella Announces Partnership with VensureHR to Bring Critical Life Insurance Products to Thousands of Employees. Yahoo Finance, March 22, 2023.

With this partnership, Pendella's largest to date, VensureHR's 900,000 worksite employees will have full access to Pendella's wide range of individual life and disability insurance policies.

Employee Benefits Simplified: LivWell Insurance Launches One Health in Vietnam. PR Newswire, June 16, 2023.

One Health is a comprehensive and affordable employee health benefits solution for SMEs and start-ups. The plan offers health insurance with other benefits such as gym membership, telemedicine, and nutrition services.