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Your questions answered about our insurance services and how we can assist you.
Yes, the process is seamless. We can facilitate a “Broker of Record” transfer, allowing us to take over the management of your existing policies immediately. Alternatively, we can review your current renewal terms and help you tender for a better provider. We ensure there is no lapse in coverage during the transition.
Standard employee benefits insurance coverage typically includes Inpatient (Hospital & Surgery), Outpatient (GP & Specialist), and sometimes Dental. We can also add Group Term Life to ensure comprehensive protection for your workforce.
Most insurers in Singapore require a minimum of three to five employees to qualify for group medical coverage. Startups and smaller teams can still get coverage. David Ho works with multiple insurers and can identify plans suited to businesses at early growth stages.
To buy group personal accident insurance Singapore policies, you typically need to provide an “Employee Census” (a list of employee job titles and headcounts), as premiums are calculated based on occupational risk classes. At David Ho, we simplify this process by comparing quotes from multiple top insurers to ensure you get the most competitive rates for your specific industry. Contact us now!
Yes. WICA insurance is mandatory for all employees doing manual work, regardless of salary, and for non-manual employees earning S$2,600 or less per month. For non-manual employees earning above S$2,600, it is optional, but uninsured employers remain exposed to common law claims. Employers without a valid WICA policy for qualifying staff face MOM fines of up to S$10,000. For more information, please refer to https://www.mom.gov.sg/workplace-safety-and-health/work-injury-compensation/work-injury-compensation-insurance
An employee benefits insurance broker compares plans across multiple insurers, which a tied agent cannot do. Your company gets a policy benchmarked against the market, not just the options one insurer offers. Beyond pricing, a broker handles renewal negotiations, claims support, and policy adjustments during the year, freeing your HR and finance teams from administration. In Singapore, group insurance plans vary widely in coverage scope and claims processes. Having an independent broker review your options regularly can reduce costs, catch coverage gaps, and keep your plan competitive as your workforce grows or changes.
Yes. Most insurers in Singapore offer group plans for companies with as few as 1 to 5 employees, with no medical underwriting required for some. Standard StartUp/SME options keep premiums predictable and administration simple, making them a practical starting point for start ups or small businesses setting up employee benefits for the first time.
WICA only covers work-related injuries and diseases. Company Insurance (Group Medical/Life) covers non-work-related illnesses (like flu, cancer, or dengue) and accidents occurring outside of work hours.
Costs vary based on coverage depth and workforce age. A basic plan covering GP and Hospitalization can start from $300 – $800 per employee per year. Comprehensive plans with dental and life coverage will range higher. We help you benchmark these costs against your industry.
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The DH Team are professional brokers and licensed insurance advisor registered with the Monetary Authority of Singapore.
