What is the definition of Integrated Benefits?

Integrated Benefits refer to combined coverage - there is one package to cover a number of insurance offerings - general health insurance, non-occupational injuries or illnesses, as well as job-related injuries or illnesses. The act of combining all of the benefits makes the management of these benefits convenient and cost-effective for everyone concerned.

An integrated benefits package allows the employee to choose from a menu of services he can avail, in order for him to build the package that will best suit his needs. An integrated benefits package also offers a number of choices even for the same kind of benefit or service. Thus, the employee has more choices.

The package also makes it easier for the employer, as managing the benefits all from one source saves time and effort. The employer may have a department in the company to administer the benefits or outsource it to an outside company.

• Insolvency
• Misstatement of Age or Sex Provision
• Modified Premium Policies
• Moral Hazard
• Comprehensive Coverage