Industrial Alliance Employee Benefit Plan

Industrial Alliance Employee Benefit Plan: The Coverage Overview
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The workplace has changed dramatically in the twenty-first century. Businesses are becoming increasingly employee conscious. Employees wield as much power as customers, if not more, so employers who want their business to stand shoulder high above their competitors need to seriously invest in their employees.

A lot of employers invest in workshops, seminars, and programs to hone the skills of their quality employees but these activities will not yield much fruit unless you devise an effective way to compensate them for their efforts. One of the most effective ways to do this is with an Industrial Alliance employee benefit plan.

Industrial Alliance is one of the leaders in the Canadian insurance industry, offering a wide range of products and options for individuals and businesses. IA’s group insurance is designed with a personalized approach to ensure that it matches with your organizational culture and also meet the needs of your employees.

The insurer provides a cutting-edge technological solution to make it easy for employers to optimally manage their Industrial Alliance employee benefit packages. Moreover, IA allows you to save a lot on your coverage with the group plan and you can access outstanding services anywhere in Canada.

This is the way to go if you want to protect your employees and their family against financial outcomes of unexpected illnesses or occurrences, retain the best workforce and ensure that your employees become more productive, dedicated and focused.

To get an immediate Industrial Alliance employee benefit quote, click here.

Employee Benefit Plan Details

Industrial Alliance not only offers personalized services to group administrators and their group members, but they also offer specialized resources to help you to make the most of your coverage. IA makes managing your plan easy, simple and friendly. Furthermore, plan members can access their group insurance files via a user-friendly online tool.

IA provides a lot of features and services for both plan members and plan administrators. Plan members can take advantage of the My Client Space for online services, IA mobile to manage their group plan on the go, group benefit card for effortless reimbursements.

They can also leverage the express claims processing for immediate claims submission, efficient customer service, well-balanced health, and wellness offer, travel assistance for medical assistance anywhere you are, and transit to convert your group insurance coverage to an individual plan.

Plan administrators can access the My Client Space designed for administrators and also take advantage of drug management, health and wellness, optimal customer experience, communiques, forms and other documents, fraud prevention, multinational pooling, and so forth.

IA offers coverages like medical and paramedical care, home care insurance, vision and dental care, life insurance, and accidental death and dismemberment insurance, short- and long-term disability insurance, travel insurance, ExtensiA optional insurance and transit.

To learn more about Industrial Alliance employee benefit, click here.

Employee Benefit News

IA Financial’s fourth quarter and 2018 earnings report show some interesting results. IA reported positive results, mutual funds gross sales of $481.8 million and a net outflow of $117.9 million.

Denis Richard, president and CEO of IA Financial Group said the company’s mutual fund business is operating in a difficult business environment. Richard added that since the HollisWealth integration is behind them, they are now focused on carrying out their strategies to take advantage of their affiliated distribution networks and increase their business share.

Richard pointed out that IA is making real progress in this front and intends to work closely with their affiliates in 2019 to build upon those valuable relationships.

The company’s individual wealth management recorded a net loss of $0.02 EPS ($2.4 million). Due to the loss from its dynamic hedging program and the adverse impact of equity markets on assets under management, a gain of $0.10 EPS on the adjustment of the final purchase price for the HollisWealth acquisition was erased.

In general, IA group reports a net income attributed to common shareholders of $149.5 million and diluted earnings per common share (EPS) of $1.36 overall for the fourth quarter that ended on December 31, 2018.

To learn more about Canadian Industrial Alliance employee benefit, click here.

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Employee Benefit FAQ

How do I make a claim on my Industrial Alliance employee benefit plan?

What are the plans and coverages offered by Industrial Alliance?

I have more than 50 employees, does IA have an appropriate plan for me?

I have a small and medium-sized business, does IA have the right plan for me?

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