The human arsenal is formed by several valuable elements, but at the same time, it has still never possessed anything more significant than that tendency of growing on a continuous basis. We can claim what we did because the stated tendency has got us to hit upon some huge milestones, with technology appearing as a rather unique member of the group. The reason why technology’s credentials are so anomalous is based on its skill-set, which was unprecedented enough to guide us towards a reality that nobody could have ever imagined otherwise. Nevertheless, a closer look should be able to reveal how the whole runner was also very much inspired by the way we applied those skills across a real world environment. The latter component actually had a big say in giving the creation a spectrum-wide presence and making it the ultimate centerpiece of every horizon. Now, this development did scale up the human experience from all conceivable directions, but even after reaching so far ahead, the prodigious concept called technology will somehow continue to bring out the right goods. The same has grown a lot more evident in recent times, and assuming Transamerica’s latest move ends up with the desired impact, it will only put that trend on a bigger and better pedestal moving forward.
Transamerica, a Baltimore-based company that provides high-value services to insurance companies and investment firms, has officially launched some new benefit riders through its employer-offered hospital indemnity insurance to provide workers the necessary financial help whenever they experience a hospital stay. According to certain reports, while the base policy here offers an inpatient benefit paid for each day the insured spends in the hospital, the employer retains the power to add more riders and basically customize the whole benefits package for every single employee. Talk about some of the core riders available to employers under Transamerica’s hospital indemnity insurance, the service delivers at your disposal a Newborn Child In-Hospital Indemnity Benefit Rider, which covers costs for the birth and expenses associated with a newborn’s care. Interestingly enough, you can also configure the rider to fork out a daily benefit, a lump-sum benefit, or even both, if required. Next up, there is an Inpatient Mental and Nervous Disorder Indemnity Benefit Rider that pays the daily benefit to the insured in an inpatient facility for a mental or nervous disorder. Hold on, there is more. The product is even mindful of the services treating alcohol or drug addiction, and to make sure they are being dispatched without any interruption, Transamerica offsets their cost by its Inpatient Drug and Alcohol Addiction Indemnity Benefit Rider. To complement these de-addiction efforts, the company further has a Rehabilitation Unit Confinement Benefit Rider, which supplies the resources an individual will likely need to make full recovery from a given issue and then resume their professional undertakings.
“Patient care needs are evolving. Consequently, so are an employer’s needs for expanded benefits that protect their employees from the unexpected,” said Phil Eckman, President of Workplace Solutions at Transamerica. “Transamerica invests continuously in improving our offerings and services to anticipate market demand for patient care needs. We continue to be strong allies in the workplace by providing innovative, forward-thinking solutions and customizable insurance products that allow exceptional accessibility and help employees be financially confident through life’s events.”
The launch of these new benefits brings a fitting follow-up to the growing demand for hospital indemnity insurance offered through the workplace. In fact, according to report from LIMRA, supplemental hospital indemnity insurance ranked highest in combined year-over-year growth for total employers and employee policies when compared to other workplace supplemental insurances. But what makes Transamerica an ideal player to satisfy such a need? Well, the answer has to include its vast experience, as the company has been in the business for over 100 years now. Transamerica also caters to almost every customer segment by providing different types of individual life insurance policies, workplace supplemental insurance benefits, workplace retirement plans, individual retirement accounts, and investment products like mutual funds, annuities, stable value solutions, asset management services, and more. The enormous size of Transamerica’s operation is made wholly evident by how, during the year 2021, it paid over $52 billion in insurance, retirement, and annuity claims, and benefits.
