Manulife has unveiled new group insurance to offer lump-sum benefits to plan members and their families diagnosed with a critical illness.
“For employers, offering critical illness insurance as part of a comprehensive and competitive group benefits plan also can help attract and retain employees, support employee health plus inspire loyalty in the workplace,” says Rick Brunet, the company’s executive vice-president, group benefits.
Plan sponsors can choose between a primary or comprehensive plan. The primary group critical illness insurance covers the four most frequently diagnosed critical illnesses: cancer, heart attack, stroke and coronary artery bypass surgery.
The comprehensive plan provides coverage for an additional 18 conditions. Optional coverage can also be purchased by plan members for themselves, their spouse and their children.
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