SINGAPORE - Companies with group hospital insurance plans with Prudential Singapore will now be able to cover employees until they reach the age of 100 - if they want to work until then.
It also increased the maximum age coverage for its group term life, accidental death and dismemberment and major medical plans to a range of 70 to 74 years old, up from 64 to 69. Singapore residents have the longest lifespan in the world, with an average life expectancy of 84.8 years. "By providing insurance till age 100, we want to help employers attract and retain their senior talent, and we want to provide their employees the peace of mind that their needs are taken care of with greater coverage."
Source: News Formal (newsformal.com)
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