Another step towards eliminating electronic waste and responding to the needs of our planet
SINGAPORE – Media OutReach – 7 September 2022 – Microsoft today made a commitment to sustainability with the opening of a new Circular Center in Singapore.
WWF-Hong Kong collaborates with the company to help organizations reduce carbon emissions
HONG KONG SAR – Media OutReach – 7 September 2022 – Amazon Web Services (AWS), an Amazon.com company, today announced that blockchain specialist InnoBlock Technology (InnoBlock) has built TT Green, Hong Kong’s first environmental, social, and governance (ESG) data platform, on AWS. The platform automatically tracks and reports standardized ESG data across resource consumption, carbon emissions, and human capital management using APIs and sensors deployed throughout an organization’s information technology (IT) infrastructure. The platform, which was advised by leading global conservation organization WWF-Hong Kong, enhances organizations’ ability to collect and report emissions reductions based on the world-recognized protocols and Low Carbon Operation Program (LOOP)PLUSB.E.S.T. sustainability framework, helping organizations integrate sustainability into their daily business.
Traditionally, ESG data tracking and recording involved manual processes that lacked data traceability, transparency, and quality to establish immutable ESG credentials. This prevented companies from reaching their sustainability goals in a timely fashion. With the breadth and depth of AWS capabilities, including containers, databases, and machine learning, InnoBlock built TT Green to help organizations accurately understand their environmental impact so they can take action to reduce greenhouse gas emissions, comply with global standards, and obtain credible green certifications and green financing.
TT Green collects third-party data—including smart buildings’ water and electricity consumption—via Internet of Things (IoT) sensors embedded into devices like electricity meters which are located on the edge of the network. TT Green then sends the data to its blockchain network. Using Amazon Elastic Kubernetes Service (Amazon EKS), a managed container service designed to run and scale Kubernetes applications, TT Green then helps users automatically transmit and integrate the data in the cloud. InnoBlock also developed a greenhouse gas calculator based on the Greenhouse Gas (GHG) Protocol and the Intergovernmental Panel on Climate Change (IPCC) guidelines. The calculator allows organizations using TT Green to quantify and track emissions quickly and accurately against sustainability goals based on the immutable ESG data stored in the blockchain network on AWS.
With Amazon Relational Database Service (Amazon RDS), a service that helps customers set up, operate, and scale a relational database in the cloud, InnoBlock can efficiently store ESG data, minimize database management time, and allow organizations to track operations using real-time performance data. Using Amazon SageMaker, a fully managed service that enables data scientists and developers to quickly and easily build, train, and deploy machine learning models at any scale, InnoBlock provides improved performance analysis for sustainable target planning and monitoring.
“AWS helped us develop Hong Kong’s first truly credible ESG reporting platform. The cloud allows us to maximize the power of blockchain technology by using IoT and machine learning services to track our customers’ ESG efforts accurately and provide ESG reporting and analysis,” said Kevin Ng, CEO at InnoBlock Technology. “We believe this platform will help our customers meet and exceed global ESG standards faster and plan to roll out the platform across Asia this year.”
Karen Ho, Head of Corporate and Community Sustainability at WWF-Hong Kong said, “WWF works to sustain the natural world for people and wildlife. Despite more companies committing to net zero goals in fighting climate change, delivering Scope 3 emissions reduction remains a huge challenge. Digital innovation platforms such as TT Green, powered by AWS, can help organizations track and trace their carbon performance throughout their value chains, optimize mitigation opportunities, and respond to rising expectations from investors, customers, and civil society.”
“Technology has become central to helping companies meet their ESG goals. At AWS, we continue to invest in sustainability across our infrastructure and services, and help our customers build sustainable businesses,” said Chris So, Head of Business Development, Hong Kong and Macau, AWS. “We are glad to see InnoBlock using our technology to innovate and work with an organization like WWF to help thousands of organizations improve their environmental credentials.”
Hashtag: #AmazonWebServices #InnoBlock
About Amazon Web Services
For over 15 years, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud offering. AWS has been continually expanding its services to support virtually any cloud workload, and it now has more than 200 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, virtual and augmented reality (VR and AR), media, and application development, deployment, and management from 87 Availability Zones within 27 geographic regions, with announced plans for 21 more Availability Zones and seven more AWS Regions in Australia, Canada, India, Israel, New Zealand, Spain, and Switzerland. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit aws.amazon.com.
HONG KONG SAR – Media OutReach – 7 September 2022 – Leading real estate agency OKAY.com is celebrating a decade of transforming Hong Kong’s luxury real estate sector. Today, OKAY.com has grown into a trusted resource connecting all stakeholders in the industry, including property owners, developers, tenants, property investors, and real estate professionals, through the power of technological innovation and the industry’s top talent
www.OKAY.com.
MEAT ZERO’s Nuggets, Cooked Patty (Garlic & Herb) and Benja Chicken are among the products to receive stars and available in Singapore
SINGAPORE – Media OutReach – 7 September 2022 –CP Foods Thailand has bagged accolades for six of its products at the Superior Taste Award 2022, which is hosted by the prestigious International Institute of Taste. Three of the products are currently retailing in Singapore, which are as follows: MEAT ZERO’s Nuggets and Cooked Patty (Garlic & Herb) as well as Benja Chicken, the world’s first brown rice-fed chicken. The other three products are for CP sausages, which are not in Singapore currently.
Below are more information about the products available in Singapore.
MEAT ZERO — Affordable and Incredible-tasting Plant-based Meat Products
MEAT ZERO is one of Thailand’s best-selling plant-based meat products. It took more than two years to produce MEAT ZERO’s plant-based meat products and 2,000 experiments helmed by hundreds of researchers and teams from CPF Food Research and Development Centre. MEAT ZERO obtained the intellectual property right to the Plant-Tec innovation by partnering with world-class plant-based product manufacturer Fuji Oil from Japan and experts from the U.S and Taiwan.
Traditionally, low-moisture extrusion is used to texturise protein into meat analogue. For MEAT ZERO, the high-moisture meat analogue process is used to texturise vegetable proteins into a product with a fibrous texture akin to animal meat. The appearances, mouthfeel and texture of the products are similar to those of real meat. They are of equal nutritional value. High-fibre, non-GMO soy — which keeps cholesterol levels in check — as well as pea, wheat and corn, are the key ingredients.
Nuggets 200g ($4.50): When deep- or air-fried to a golden-brown perfection, the nuggets have an airy crisp and a bite that is indistinguishable from the meat version. Pair it with roasted sweet potato fries for a guilt-free western-style meal!
Cooked Patty (Garlic & Herb) 240g ($4.50): With this offering, making katsu burger at home is a cinch. The crunchy crumb is infused with the sharp note of garlic and the fragrance of herbs. The cooked patty is high in protein and free of trans fat.
Benja Chicken — The World’s First Brown Rice-fed Chicken
Hailing from Thailand, this 100% natural product boasts a rich flavour profile, and is more tender and juicier than the market’s chicken meat by up to 55%. The brand’s offerings are wildly popular in Thailand and are preferred by chefs of Michelin-starred restaurants such as Saneh Jaan, Siam Wisdom and Paste.
Benja Chicken uses an innovative animal feed to raise its chickens. The formula comprises specially selected brown rice grains, which are rich in Gamma-Aminobutyric acid, antioxidants and vitamins B3, B6 and B9. It also helps to strengthen the chickens’ muscle structure. No growth hormone or antibiotic is added to the feed, which has been certified by the American NSF International.
An ethical company that is also a proponent of sustainability, Benja Chicken adheres to the Five Freedoms for Animal Welfare. The brand believes in cage-free farming — the chickens wander and roam freely around the farms, where the air and temperature are carefully controlled. The temperature is kept at 25 degrees Celsius, the optimal temperature for chickens of all ages. They are also raised with clean water that has been purified by a filtering system. Periodically, the chickens undergo health checks to ensure they are in the pink of health. All these factors help contribute to the wonderful taste and high quality of the meat.
Products available in Singapore include Chicken Skin-on Boneless Leg ($11.50), Chicken Skinless Boneless Leg ($10.50), and Chicken Skinless Boneless Breast ($12.90).
PROMOTION
To celebrate this achievement, CP Singapore will be running a special 50% off promotion. Enjoy Meat Zero Nuggets promotion 2 packs for $6.50 (UP$4.50 per pack) from September to October 2022 at all major supermarkets.
Being one of Asia’s leading agro-industrial and foods conglomerates, CPF Group strives to maintain its leading position in the industry and successfully compete in the international arena (U.S.A., Europe and Asia). The Company is determined to fulfill its vision of becoming the “Kitchen of the World”, placing significant importance on research and development to improve production quality, safety and efficiency.
CPF’s success story is tied closely to the company’s fully integrated farming and production process. CPF controls every single process from the first step of breeding to the eventual branding and marketing of its food products. It pays close attention to the freshness of ingredients at every stage to ensure customers get the best quality products.
The Company is dedicated to providing food products, which are high in quality, nutritious, hygienic and safe. Its world-class plants meet many international regulations, requirements and certifications including HACCP, GMP, BRC, OSHAS, ISO and Animal Welfare Standard. Every step of the farming and production process is based on the practice of good animal welfare and concern for the environment, by being safe and drug-residual free. CP Foods shrimp farms also practice the green shrimp technology that prohibits the use of antibiotic medicines. Instead, friendly microbes for the growth of healthy shrimp are used.
HONG KONG SAR – Media OutReach – 7 September 2022 – As the COVID-19 epidemic situation in Hong Kong remains volatile, live streaming is one of the very few industries that have experienced an explosion of growth. In light of the rising trend, KOL LIVE has launched the “$500,000 Base Salary Scheme” to broaden job opportunities for potential streaming talents. There are neither any restrictions nor experience requirements, as long as you are gifted with special talents, you might be the next superstar on KOL LIVE with a guaranteed base salary plus extra income.
Using Asia’s First Hot-Chain Bento Machine with the HaaS Model to Create A “Decentralised Catering Service Platform” Leverage the Power of HaaS to Expand Business in the Catering Sector
HONG KONG SAR – Media OutReach – 7 September 2022 – A Hong Kong start-up with a new decentralised foodservice platform, “Wada Bento” announced the successful conclusion of a fresh round of Pre-A funding, landed over HK$22 million since seed funding. Investors include Golden Resources Development Limited, Cyberport Macro Fund, EthAum Capitals in Singapore, Hong Kong Tech300, Gravity Capital Partners and angel investors. Wada Bento’s patented bento machine with hot-chain technology provides quick meal delivery in 17 seconds and touch-free food pickup. It also employs the HaaS (Hardware-as-a-Service) model as its business strategy, offering a one-stop solution for quick expansion in the catering industry. Wada Bento is dedicated to changing the conventional restaurant-oriented service model in the catering industry by expanding its sales channels in a new way at a lower cost. Meanwhile, providing consumers with hygienic, environmentally friendly, hot bentos accessibly.
HONG KONG SAR – Media OutReach – 7 September 2022 – Comprehensive protection provides customers and their family members with extra peace of mind against any unexpected events. Hong Kong Life innovates life insurance products by introducing “One Policy for Three Generations” to meet customers’ family needs.
Following the Family Fortune Savings Insurance Plan launched last year, Hong Kong Life’s Family Care Dread Disease Protection Plan safeguards customers’ family by offering Family Cancer Benefit to the Policyowner’s parents, spouse, and children (Covered Family Members). To help customers embrace a healthier life journey, the Plan also takes care of health issues beyond dread diseases by providing ICU Benefit and Health Checkup Service, etc.
Ms. Micky Cho, Chief Marketing Officer of Hong Kong Life, said: “Having a full protection for yourself and your family is an indispensable element of family planning. Following the Family Fortune Savings Insurance Plan launched last year, we continue to demonstrate the family protection approach by presenting Family Care Dread Disease Protection Plan to customers. The Plan extends the coverage to Policyowner’s parent, spouse and children with Family Cancer Benefits which meets the health protection needs of customers and further safeguard their family members.”
Key Features of Family Care Dread Disease Protection Plan :
Flexible Premium Payment Term1 with Whole Life Protection
The Plan provides 2 choices of Premium Payment Term1, i.e. 10 years1 and 20 years1, with whole life protection until age 100 of the Life Insured.
Broad Cover for 118 Illnesses2 without Worries
The Plan covers 60 Major Dread Diseases2 and 46 Early Stage Dread Diseases2, as well as 12 Severe Juvenile Diseases2 to safeguard your health comprehensively. If the Life Insured is diagnosed with covered Dread Diseases, the Dread Disease Benefit of the Plan will be paid. For details of covered Dread Diseases and benefit, please refer to List of Covered Dread Disease and Dread Disease Benefit Schedule.
ICU Benefit3 to Extend Protection
The Plan provides ICU Benefit3 which extends its coverage to health issues beyond dread diseases. If the Life Insured is required for a Qualified ICU Stay4 for a total of consecutive 3 days or more due to Sickness or Accident, a payment which is equal to 20% of Sum Assured, less Indebtedness (if any) will be paid as ICU Benefit3. Such benefit will only be paid once.
Family Cancer Benefit5 for Extra Peace of Mind
The Plan specially offers Family Cancer Benefit5 to the Policyowner’s parents, spouse and children (except the Life Insured). No medical examination and health questions are required for the Covered Family Members. If the parents, spouse or children is diagnosed with Cancer during the benefit term of the Family Cancer Benefit5, for each Covered Family Member, the Family Cancer Benefit5 of the Plan which is equal to up to 20% (applicable for 10 Years Premium Payment Term) or 40% (applicable for 20 Years Premium Payment Term) of Total Initial Annual Premium will be payable to the Policyowner. Family Cancer Benefit5 could be claimed a maximum of 4 times and in which a maximum of 1 time for each of the Covered Family Member, and limited to one payment for one spouse only. The policy value and coverage of the Life Insured will not be changed due to the claim of Family Cancer Benefit5.
Family Cancer Benefit5
Parents
Spouse
Children
Maximum no. of Covered Family Members
2
1
No Limit
Benefit Term*
Before age 85 of Parents/Spouse
Before age 18 of Children
Benefit Amount
Covered Family Members who are under age 66 on the date of endorsement:
20% (applicable for 10 Years Premium Payment Term) / 40% (applicable for 20 Years Premium Payment Term) of the Total Initial Annual Premium
Covered Family Members who are at or above age 66 on the date of endorsement:
10% (applicable for 10 Years Premium Payment Term) / 20% (applicable for 20 Years Premium Payment Term) of the Total Initial Annual Premium
(maximum of 4 times and in which a maximum of 1 time for each of the Covered Family Member, and limited to one payment for one spouse only)
*The Family Cancer Benefit for each Covered Family Member will be effective 2 years after (i) the endorsement date of such Covered Family Member or (ii) date of any reinstatement, whichever is later.
Also, the Family Cancer Benefit5 provides conversion privilege to the Policyowner’s children to suit their needs. Within 30 days of the Covered Family Member reaches age 18, if no Family Cancer Benefit5 has ever been paid for such Covered Family Member, such Covered Family Member may apply for a new permanent life plan as defined by Hong Kong Life from time to time for an amount up to 100% of Sum Assured of the Plan without further evidence of insurability, subject to the specific terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time.
Extra Services for a Continuum of Health Care
Health Checkup Service6
During the first 10 Policy Years, the Plan provides one time of health checkup service to the Life Insured or Covered Family Members to enjoy every two consecutive Policy Years starting from the 2nd Policy Anniversary.
Second Medical Opinion from Overseas Expert Service7
If the Life Insured has been diagnosed with the dread disease covered by the service, through its professional medical network, the service enables the Life Insured to seek second medical opinion from overseas experts7.
Life Protection and Flexible Settlement Option
Apart from Dread Disease Benefit, the Plan also offers whole life protection. If the Life Insured dies while the Plan is in force, the Total Death Benefit which is equal to 100% of Sum Assured, less Dread Disease Benefit8 already paid, plus Terminal Dividend (non-guaranteed)9 (if any), less Indebtedness (if any) will be paid to the Policy Beneficiary.
In addition, the Plan provides flexible Death Benefit Settlement Options10 instead of receiving the Death Benefit in a lump sum payment, Policyowner can designate other settlement options including Installment Payments (Fixed Amount) or Installment Payments (Fixed Period) while the Plan is in force and the Life Insured is alive to settle the Death Benefit to the Policy Beneficiary.
Additional Return
The Plan not only provides Guaranteed Cash Value, a Terminal Dividend (non-guaranteed)9 may be payable on or after the end of 12th Policy Year upon the death of the Life Insured, when the Policy is surrendered by the Policyowner, the Major Dread Disease Benefit is fully paid or upon Policy Maturity, whichever is the earliest.
Client Incentive11：Up to 25% First Year Premium Discount Promotion Period：From now till 31 December 2022
Successful applications to the Family Care Dread Disease Protection Plan may enjoy up to 15% First Year Premium Discount. Designated client type may even enjoy up to 25% First Year Premium Discount.
With successful applications of Family Care Dread Disease Protection Plan and Family Fortune Savings Insurance Plan submitted together, all policies of Family Care Dread Disease Protection Plan(s) may enjoy Extra 5% First Year Premium Discount.
Details of Family Care Dread Disease Protection Plan:
Terms and Conditions apply. For enquiries, please contact our Customer Service Hotline at 2290 2882 or visit Hong Kong Life website www.hklife.com.hk.
Note：
The Policy will be terminated if the Policyowner cannot settle the premium payment before the end of the Grace Period during the Premium Payment Term, subject to the Automatic Premium Loan, Non-forfeiture Option and other relevant provisions of the Policy. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life. If the Policy is terminated before the Policy Maturity, the Total Surrender Value (if applicable) received by the Policyowner may be less than the Total Premiums Paid.
For the definition of covered Dread Disease, please refer to the policy document.
The aggregate amount of the ICU Benefit paid under the Plan and payable under other policies issued by Hong Kong Life in respect of the Life Insured’s confinement in ICU within the meaning of the Qualified ICU Stay shall not exceed HKD400,000/ USD50,000 under any circumstances.
“Qualified ICU Stay” means a stay in an ICU of a Hospital where all of the following criteria must be met: (i) the stay in ICU of a Hospital must be a confinement in the ICU for a total of consecutive 3 days or more in one Hospital admission; (ii) the stay in ICU of a Hospital must be a confinement for Medically Necessary treatment or service as recommended and certified by a Registered Medical Practitioner; (iii) the Company will not consider the stay in ICU of a Hospital as Medically Necessary if the Life Insured can be safely and adequately treated in any other medical facility; and (iv) the stay in ICU of a Hospital must not be caused directly, or indirectly, wholly or partly, by any one of the following occurrences: (a) cosmetic treatment performed on the Life Insured unless necessitated by Injury caused by an Accident and the Life Insured sustains the Injury and the cosmetic treatment is approved by Hong Kong Life in advance within 90 days of the Accident; or (b) the Life Insured’s pregnancy, surrogacy, childbirth or termination of pregnancy, birth control, infertility or human assisted reproduction, or sterilisation of either sexes; or (c) mental disorder, psychological or psychiatric conditions, behavioral problems or personality disorder of the Life Insured; or (d) stay in ICU of a Hospital primarily for physiotherapy or for the investigation of signs and/or symptoms with diagnostic imaging, laboratory investigation or other diagnostic procedures; or (e) experimental and/or unconventional medical technology /procedure /therapy performed on the Life Insured; or novel drugs/ medicines /stem cell therapy not yet approved by the government, relevant authorities and recognised medical association in the locality.
Family Cancer Benefit for each Policyowner’s natural parents, spouse or natural children, except the Life Insured (Covered Family Members) is only available if such parents, spouse or children is accepted and approved by Hong Kong Life. The Family Cancer Benefit for each Covered Family Member will be effective 2 years after (i) the endorsement date of such Covered Family Member or (ii) date of any reinstatement, whichever is later. The aggregate amount of the Family Cancer Benefit paid under the Plan and the same benefits paid under other policies issued with Hong Kong Life in respect of each Covered Family Member shall not exceed HKD200,000/ USD25,000 (if the Covered Family Member is under the age of 66 on the date of endorsement) or HKD100,000/ USD12,500 (if the Covered Family Member is at or above the age of 66 on the date of endorsement). In addition, the payment of Family Cancer Benefit should be payable in the event of the Covered Family Member’s survival of 14 days following the Diagnosis of a Cancer. For detailed terms and conditions, please refer to relevant form and the policy document issued by Hong Kong Life.
Health Checkup Service is provided by the third party service provider designated by Hong Kong Life. Such service is not part of the product features. The terms and conditions of the service will be issued together with the relevant service document. The availability of the service is not guaranteed. Hong Kong Life reserves the right to cancel or amend the said service at its sole discretion. In addition, Hong Kong Life will not be responsible for any services or opinions provided by the third party service provider. Hong Kong Life reserves the right of final decision in case of any dispute.
Second Medical Opinion from Overseas Expert Service is provided by third party service provider. Such service is not part of the product features. The availability of the service is not guaranteed. The details of the service will be provided along with the policy document or please refer to the company website of Hong Kong Life. Hong Kong Life reserves the right to cancel or amend the said service at its sole discretion. In addition, Hong Kong Life will not be responsible for any services or opinions provided by the third party service provider. Hong Kong Life reserves the right of final decision in case of any dispute.
Dread Disease Benefit includes Major Dread Disease Benefit, Early Stage Dread Disease Benefit, Severe Juvenile Disease Benefit and ICU Benefit.
Terminal Dividend is not guaranteed and may be changed from time to time. Past performance is not indicative of future performance. The actual amount payable may be higher or lower than those illustrated in the Insurance Proposal. Hong Kong Life reserves the right to change it from time to time.
Death Benefit Settlement Options are only applicable in the event of the death of the Life Insured after the Premium Payment Term and all premiums due have been paid, and subject to the terms and conditions, and the then administrative rules as determined by Hong Kong Life from time to time. For detailed terms and conditions, please refer to the policy document issued by Hong Kong Life.
Client incentive is subject to the terms and conditions of “Fortune Evergrow 2022” Client Promotion Incentive. For details about client promotion incentive, please refer to the follows:
Established in 2001, Hong Kong Life Insurance Limited (“Hong Kong Life”) was founded by five local financial institutions including Asia Insurance Company Limited, Chong Hing Bank Limited, CMB Wing Lung Bank Limited, OCBC Wing Hang Bank Limited and Shanghai Commercial Bank Limited, which laid their foundations and have been serving people in Hong Kong for more than 50 years in average. Through our extensive network of around 150 distribution points comprising Chong Hing Bank, CMB Wing Lung Bank, OCBC Wing Hang and Shanghai Commercial Bank, we provide a comprehensive range of insurance services.
HONG KONG SAR – Media OutReach – 7 September 2022 – Chinachem Group (the “Group”) today announces that the Group has confirmed with Helical Plc for the purchase of the 150-year long leasehold interest of Kaleidoscope, an office property situated in an emerging new tech cluster in London, at £158.5 million, reflecting a capital value of £1,789 psf. The lease from Transport for London was granted in 2018 and has a head rent geared to 10% of contracted rents. Completion is due to take place in ten days. This transaction marks the Group’s first overseas acquisition, which will help drive its portfolio diversification and sustainable growth.
www.chinachemgroup.com/en
SINGAPORE – Media OutReach – 7 September 2022 – Prudential Singapore (“Prudential”) has launched a mobile app, Business@Pulse, to help SME employees manage their group insurance[1] conveniently and seamlessly. They will be able to view their medical and employee benefits as well as submit claims through the mobile app, at any time, and from anywhere.
Through the app, the human resources (HR) teams and business owners can also manage their group insurance and process employees’ claims more easily. The app is available to Prudential’s enterprise customers, from multinational companies to small businesses with at least 3 employees.
Mr Dennis Tan, CEO, Prudential Singapore, said the life insurer is committed to supporting SMEs with their employee benefits and digital transformation journey.
According to a poll[2] commissioned by Prudential in April 2022, one in three SME employees said that their companies do not have a dedicated HR team to take care of medical and employee benefits. SME employees also shared that they cannot easily find information about their benefits, with one in four saying that their company manages their benefits through email.
“Simplifying group insurance and making it easily available to employees through digital solutions such as Business@Pulse will encourage more companies to address the protection gap. This will go a long way in engaging a hybrid and digital-first workforce while providing the necessary protection for employees, which are important in view of Singapore’s ageing workforce and rising healthcare costs,” said Mr Tan.
Meeting the needs of SMEs and their employees
SMEs account for more than 99 per cent of businesses in Singapore and 70 per cent of the workforce,[3] but many do not provide medical and employee benefits. Some do not see the need due to their small company size, while others lack the resources to build or procure their own digital solutions to manage their employees’ insurance needs and benefits effectively. However, nine in 10 SME employees polled say that they want their employers to provide healthcare coverage, and 60 per cent said that they are more willing to join a company that provides medical benefits.
The Prudential poll also found that one in five SME employees are more willing to stay in a company that prioritises digitalisation, while 79 per cent agreed that digital transformation is essential for business survival. With Business@Pulse, employees can get a summary of their benefits, submit and track claims on a mobile app for a seamless experience. These are features that the polled SME employees had said were important in a tool for managing their benefits.
The following are available on Business@Pulse at launch.
Group Policy View – Employees can use the mobile app to get a consolidated view of their group insurance policy details (e.g. types of coverage that you are entitled to), benefits and their coverage for specific items (e.g. annual limits for surgery and hospitalisation).
Make and View Claims – Employees can submit claims on-the-go by uploading a photo of their medical bill on the mobile app. They can also track their claims status.
The following features will also be made available on the app.
Medical E-card– An in-app electronic card available for employees to enjoy cashless visits to panel clinics and medical providers.
Clinic locator – A list of clinics that will help employees to find panel clinics that are located near their homes or wherever they are.
Helping SMEs and their employees be healthier and financially ready
Through Business@Pulse, employees of Prudential’s corporate customers will be able to utilise the existing health and financial wellness resources on the Pulse by Prudential (“Pulse”) app (see below for more information on Pulse).
Business@Pulse complements other wellness initiatives by Prudential to help SMEs enhance employee wellness. This includes WorkPLAYce – Prudential’s corporate wellness programme that offers a variety of activities aimed at promoting physical and mental well-being, such as, fitness and meditation classes, as well as health screenings.
Prudential is also supporting SMEs in their business growth through partnerships. For example, the SME Skills Accelerator programme, a collaboration between Prudential and SkillsFuture Singapore which aims to equip SMEs with the skills and resources to grow and innovate, upskill employees to boost their career progression, and improve employee retention.[4] Prudential has also established tie-ups with Ngee Ann Polytechnic and ST Engineering to boost SMEs’ digitalisation efforts and business growth. These partnerships will deliver trainings and webinars on digitalisation and cyber security to help SMEs in their business transformation.[5]
About Pulse Pulse by Prudential (Pulse) is an all-in-one app that offers holistic health and wealth management solutions to consumers.
The app was launched in Singapore on 23 April 2020[6] and includes health features such as an AI-powered symptom checker, health assessment, and online doctor consultation service. Users can also purchase bite-sized insurance plans on the app to get coverage for dengue, breast cancer, and prostate cancer and get complimentary coverage for side effects from a COVID-19 vaccination. Wealth features such as Ruby, an AI digital assistant, were added to Pulse in July 2021[7] to support users in their financial planning journey.
Pulse has been downloaded more than 300,000 times in Singapore as of 31 August 2022 and is available to Singapore residents aged 18 and above. Users do not have to pay a subscription fee when they download the app and register themselves.
[1] This refers to corporate medical coverage such as in-patient and outpatient medical expenses.
For more information on Pulse by Prudential, please visit the website here and view the launch press release here.
For more information on microinsurance products available on Pulse by Prudential, please click here.
Hashtag: #Prudential
About Prudential Assurance Company Singapore (Pte) Ltd (Prudential Singapore)
Prudential Assurance Company Singapore (Pte) Ltd is one of the top life insurance companies in Singapore, serving the financial and protection needs of the country’s citizens for 91 years. The company has an AA- Financial Strength Rating from leading credit rating agency Standard & Poor’s, with S$53.3 billion funds under management as at 31 December 2021. It delivers a suite of well-rounded product offerings in Protection, Savings and Investment through multiple distribution channels including a network of more than 5,000 financial consultants.
SHENZHEN QIANHAI – Media OutReach – 7 September 2022 – September 6, 2022 marks the first anniversary of the promulgation and implementation of “the Plan for Comprehensive Deepening of the Reform and Opening Up of the Qianhai Shenzhen-Hong Kong Modern Service Industry Co-operation Zone” (“Qianhai Plan”) issued by the State Council. With emphasis on “expansion” and “reform and opening up”, Qianhai has carried out a number of key tasks in Shenzhen-Hong Kong collaboration, international cooperation, opening up of the financial industry, opening up of legal affairs, technological innovation, business environment, clustering of talents, etc. Achievements are apparent. In 2021, the GDP of Qianhai District was 175.567 billion yuan, with an annual increase of 10.5%. The actual use of foreign capital was US$ 5.822 billion, with a yearly increase of 14.9%. Total customs area import and export goods was 1.74 trillion yuan accounting for an increase of 20.3%. From January to June 2022, the actual use of foreign capital was US$3.533 billion, representing a rise of 17.4%.
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