At YuLife, our mission has always been to create solutions that go beyond traditional insurance by promoting holistic wellness, catering to mental, physical and financial wellbeing. With this objective in mind, we've expanded our suite of insurance offerings to include Group Health Insurance, provided by Bupa. This new addition isn't just another product in our portfolio; it's a strategic move to further align with the evolving needs and expectations of both employers and employees when it comes to comprehensive wellness. Below, we explain our motivations behind this exciting development and why we believe it serves as a milestone in our journey to make a meaningful impact on workplace wellbeing.Addressing a crucial gap in the marketRecent data highlights a strong demand for workplace benefits, with health insurance ranking in the “top three most sought-after benefits for a third (39%) of employees,” according to the Bupa Wellbeing Index. This statistic underlines the importance of health and wellbeing in the workplace for higher engagement, a more inclusive culture, lower absenteeism from sickness and increased employee retention."Offering group health insurance to employees has never been more essential. The current landscape shows that it takes an average of 14.6 weeks just to see a doctor for treatment, and there are seven million people currently awaiting treatment,” says Lauren Berkemeyer, Chief Marketing Officer at YuLife. “This has a direct impact on businesses, with employees taking an average of 17.5 days off due to ill health. It's not just a nice-to-have benefit; it's a necessity. “One in three employees rate health insurance as their number one desired benefit, which underscores just how vital it is for organisations to invest in the wellbeing of their team."Offering health insurance allows employers to empower their workforce to proactively manage their wellbeing, facilitating the early identification and treatment of various health issues. This focus on prevention contributes to a workforce that is both healthier and more efficient, while also minimising long-term healthcare expenses. YuLife CEO and Founder, Sammy Rubin, adds, “Access to high-quality healthcare is transformative for employees’ sense of mental, physical, and financial wellbeing, especially in the current economic landscape.” With our new Group Health Insurance, we aim to address these needs head-on and provide benefits that employees truly value.Flexibility with customisationYuLife’s Group Health Insurance in partnership with Bupa offers unparalleled flexibility. We provide three standard cover levels alongside custom-designed policies, enabling employers to choose what best suits their team's specific needs. This offering will not only provide employers a chance to cater to the unique needs of their employees but also ensure that more people are covered in ways that matter most to them.Employees who are covered by YuLife's Group Health Insurance will also have access to an expansive network of 600 hospitals through Bupa, as well as the most extensive mental health cover currently available in the market. The plan also offers round-the-clock virtual GP appointments, the convenience of medication delivery to your door, and a cutting-edge AI symptom checker. What’s more, it provides outpatient consultations and treatments for eligible conditions, along with extensive cancer cover that encompasses every stage of treatment. Plus, members can expect fast access to specialised care with prompt referrals for cancer, mental health and MSK conditions.More than just insurance: a lifestyle choiceOne of the groundbreaking aspects of YuLife’s approach to insurance is the inclusion of our gamified YuLife employee app. Members can complete everyday wellness activities like walking, cycling, meditation, and mindfulness. “Health insurance, just like life insurance, has immense potential to engage with policyholders and proactively encourage them to adopt healthier lifestyles,” Sammy says. The YuLife app rewards members for such activities, allowing them to redeem points for groceries, vouchers or even make the world a better place through activities like tree planting and ocean cleaning."The launch of YuLife's Group Health Insurance is a strategic move that aligns with our mission to provide unparalleled wellbeing services. We've earned the distinction of being the number one rated employee benefit in the UK according to Trustpilot, and our engagement levels are through the roof — 80% engagement which is 11 times higher than typical wellbeing apps,” Lauren adds. “Our customisable wellbeing hub increases benefits engagement by tenfold, and we have concrete data showing a 12% reduction in absenteeism and an 87% increase in productivity."A commitment to wellbeing and community impactThe YuLife model has always been about more than just financial products; it’s about turning financial services into a force for good. “YuLife’s launch of group health insurance furthers our commitment to enriching our members’ health,” Sammy says. By focusing on risk prevention rather than just claims compensation, we're shifting the paradigm from cure to prevention, which not only enhances individual wellbeing but also lightens the burden on the healthcare system at large.Richard Norris, General Manager for Business and Specialist Products at Bupa UK Insurance, sums it up beautifully: “This partnership will help more people to take charge of their everyday health and wellbeing, while also offering reassurance that high-quality healthcare is there when it's needed.”By extending health insurance benefits, companies create a culture in which employees are more inclined to address health matters promptly. This proactive approach not only diminishes the number of sick days taken but also enhances overall productivity and maintains a consistent level of work performance.YuLife’s Group Health Insurance offering is more than just a new product; it’s a declaration of our mission to make health and wellbeing accessible to all. We are dedicated to ensuring that our members, who have always been at the core of our business model, are living their best lives.If you’d like to find out more about YuLife’s game-changing approach to both Group Health Insurance, schedule a short 10-minute call with our team here.