Benefits of labor insurance – As an employee, getting a labor insurance benefit is a crucial consideration. Labor insurance works as a short term and long term protection for them.
On this day, there have already been a number of job seekers who put this benefit into consideration when they hunt for employment. If a company refuses to provide it, it is better to find others who provide it. Because you are risking your position if you get none.
Put that aside though The are there any other benefits that can be gained from health insurance? Are you curious? Whiz has 10 benefits of labor insurance that you must know before getting employed in a company. Let’s check it out!
10 Benefits of Labor Insurance
These are 10 benefits of labor insurance that you must know
1. Taking On The Medical Expenses
The first and main benefit of labor insurance is it takes full responsibility for the employee’s health. If you are sick for example, and in need of expenses to consult your doctor, redeem the medicine, or even hospitalization, all of those can be free because the insurance will pay for them.
There is no need to worry when you have to check up soon upon feeling sick. Labor insurance will pay for it.
2. Paid Leave
paid leave for its employees. You can freely take a leave as you need , and yet you will still be paid by your company. Isn’t it very profitable?
3. Pregnancy and Labor Expenses
Pregnancy and Labor leave is very crucial especially for female workers. It is not unusual that they have to take a prolonged leave to recover their initial condition. To provide a comfortable pregnancy and labor experience, labor insurance played an important role in paying all of them. Hence, the aspiring parents must not be worried again!
4. Old Age Warranty
When approaching old age, everyone will not be productive again. It is time to rest and retire. To enjoy your old age and to have money to fulfill your daily needs is where labor insurance plays since they provide old age warranty.
This warranty works as a simultaneous money source, the result of collecting dues that has been accumulated every month when you are still working. This money then can be used to pay for what you need in your old age.
5. Guaranteed Pension
Have you prepared your pension? Ideally, when we retire, there is no need to worry about our finances. Labor insurance provides this benefit, if you don’t know. FYI,You will get cash that is paid every month or at once after you retire. No need to worry about your daily need bills again!
6. Keep Ourselves Away From Occupational Accident
Accidents happening while working can happen anytime. It is not unusual if you work in a division in which you have to directly inspect the workfield. If it does happen, it is a norm to have the company help lessen the employee’s burden. One of the ways to do it is through labor insurance. Using that insurance, employees can receive medical treatment for free until they recover and compensation for being disabed or dead.
7. Death Benefit Program
Have you ever worried about how your family's financial situation would be if you died? Well, with employment insurance you don't have to worry about that. Insurance will provide compensation to the heirs of workers.
8. Job Loss Benefit Program
The employees that are being fired can keep getting help in cash through this labor insurance program. They should not worry upon having no income after getting fired. Their daily needs will be covered by this insurance program.
9. Getting Employee Discount
Not only medical expenses, there is also a labor insurance program that gives special service such as employee discounts. You can use that discount for what you want. It is a good way to save, isn’t it?
10. Various Medical Treatment Choices
Labor insurance provides many choices on medical treatment, like dental and eye check ups for example. Not only that, but there is also insurance that provides glasses replacement service every year. This kind of benefit is very useful for employees, especially if they often sit in front of a screen monitor for prolonged hours.
Those are 10 benefits of labor insurance that you need to know that you can put into consideration when applying for a job in a company. Make sure your rights are covered by the company. Hope this article is beneficial for you!