EMPLOYEE BENIFIT VALUE PROPOSITION

by

FOURESS INSURANCE BROKING SERVICES (P) LTD.

Our EB Value Proposition
4s Your Risk Partner
How we can help ?
4s offers a full range of Employee Benefits services. Some of our capabilities
include:

Plan, design analysis and strategy :

Analyze existing benefits (for appropriateness and cost effectiveness),
Sensitivity analysis for appropriate level and incidence of employee contributions,
Integration of various employee benefit plans;
Analyzing and implementing self-funding options;
Assistance in benefits administration;
Strategic assistance in selection of a secure insurer and effective benefits
administrator;
Benchmarking of benefits with your specified peer-group;
Utilization reviews - Analysis of healthcare costs using sophisticated cost
analytics;
Provide communication solutions - Increase employees (and their
dependents) understanding and appreciation of benefits
Worksite Marketing; and
Catalyzing disease awareness / management and Wellness programs
Programs under Management

Products Service-Offerings

Group Health Insurance Plans Employee Communications

Group Personal Accident Benefits Benchmarking

Disability Utilization reviews

Travel Medical Voluntary Benefits

Group Term Life Flexible Benefits

EDLI Self-funding options / Stop-loss

Long Stay Overseas covers covers

Key person Insurance

 Proposed Scope of Service

Due-diligence of your existing benefits program

PRE - PLACEMENT

TIME-LINE
Analyze existing benefits vis--vis program objectives
Provide relevant industry experience and trends-knowledge to
bring the plans in line with or ahead of peer-standards At least three weeks
before renewal
Integration of existing plans (benefits and / or renewals) to bring
in better bargaining power
Determine employee contribution scenarios

Renewal marketing & insurer-selection

Discounts on OPD, Doctors Fees, Diagnostic tests & Medicines
PLACEMENT

Higher Sum Insured of Rs. 10 Lakhs for Senior Management.

Develop renewal marketing objectives and insurer evaluation &
selection criteria Renewal time
New products, value added clauses, claims control measures
Effectively negotiate service / product terms, conditions, and
outlay
Undertake analysis of vendor proposals and make
recommendations
Provide benefits implementation advice
 Proposed Scope of Service
Ongoing support & administration Time-line
Fouress presence at your office : Dedicated, Fouress-managed,
periodic, on-site help desk to help in communicating benefits, Round-the-year
reconciliation of endorsements, processing pending re-
imbursement claims, and resolving day to day queries
Faster Claim settlement : Settle all non network claims in 5-7 Round-the-year
working days time
POST - PLACEMENT

Waivers : Waiver of non Medical Expenses for Senior Management

Round-the-year
viz: Food, Television Chargesm Diatician Charges etc.
Benchmarking analysis : Comprehensive report on various benefits
trends & practices in your peer-group Mid-year
Employee communication program : Exhaustive benefits manual Within one month of renewal
with benefits details & downloadable claims documents
Special claims arrangements backed by well-defined SLAs Within one month of renewal
Utilization review of claims against comparative norms Year-end
Regular MIS on demographics, claims, medical cards Monthly
Relationship Management with vendors Round-the-year
Wellness programs focusing on employee health promotion rather Quarterly
than disease-containment.
Sourcing emergency information on Doctor-on-call and Health
Within one month of renewal
clinics
 Key Differentiators

Expertise

Industry experts with proven knowledge of markets, client issues, emerging concepts, and
technical know-how
Global think-tank and resources synergizing with local operations for your advantage

Client-centric

Value proposition based on one-size-fits-one strategy

Team-based approach pronounced with flexibility to deliver in line with your organizational goals
and people-objectives

Solution-spectrum

Comprehensive array of practical solutions to effectively address your complex HR risks and
expectations
Create benchmarked solutions driven from successful experience with other like-minded
employers so that we add definite value to your organization as well.
Key Differentiators

Leverage

Harnessing existing authority & influence with secure underwriters and benefit administrators to
negotiate optimal premium terms and greater responsiveness in service delivery
Creating efficiency through bundling of risks and co-operative arrangements

Holistic Approach
Enabling timely fusion of short-term strategies with long-term ones so that your premium
costs over time are under check
Allocating equal importance to the well-being, security and welfare of your employees
through appropriate Wellness measures, seminars & campaigns

Reach

Fouress present in all major cities; branch resources well-networked with national talent pool.
Your Long Term Risk Partner

Fouress