Northern Financial Insurance Group

A MOVE FORWARD WITH YOUR FINANCIAL BENEFITS

INTRODUCTION

The Northern financial group is a specialized group for combines or Group insurance cover promoting group benefits and individual benefits. It covers individual health plan, critical illness, health insurance, group insurance, including dental, eye wear and eye checks. It is highly suitable for offices and businesses where insurance cover is provided based on the whole group. The benefits are for both the stakeholders, i.e. for employees (i.e. Clients) and for the organizations that are providing their employees with Group or combines insurance. Provides safety and security, ease of use, and big discounts because of being group-based.

SERVICES ON OFFER

The convenience lies in the provision of services to the whole group, providing combined benefits to all the employees, and playing a huge part in the employee relationship program.

An ideal for firms that are SMEs i.e. small to Medium enterprises, and large businesses as it provides Group insurance plans that are beneficial for the long run, and for the financial stability of the company as well as the individuals i.e. employees. Services that we provide are listed below;

  • Olympic Group Health + Dental Benefits Plan *
  • This plan is for more than 3 employees
  • No medical information required
  • Employees must work at least more than 20 hrs./week to be eligible for the coverage.
  • Each and every plan must include: Life, AD&D, and Wellness, one level from Extended Health Plan, and one level from Dental Plan.
  • All the other benefits are optional.

The rates are all set rates with flexibility, easy enrollment, and pooled renewals. The benefits are divided into two categories i.e. Mandatory benefits, and Optional Benefit Coverage. The detail for both are given below.

MANDATORY BENEFITS

  • Life Insurance flat $30,000 per employee ----------- $ 9.00 /month
  • AD&D flat $ 30,000 per employee ------------------- $ 1.80 /month
  • Northern Financial Group Wellness Program-------- Quoted Separately

Note: Life and AD&D provides basic level of insurance to pay out upon death or accidental death. Both are the mandatory benefits for all Olympic Benefits Plans.

OPTIONAL BENEFIT COVERAGE

Note:  The below benefits are options and can be added onto the core plans of Extended Health & Dental Plan.

HEALTH CARE BENEFITS

There are extended health care benefits Gold, Silver, and Bronze options. All the three categories are;

  • 100% Drugs, unlimited- with no deductible
  • 100% travel benefits
  • 100% Semi Private hospital
  • 100 % eye exams up to $ 75
  • 100% Medical Services
  • 100% Paramedical Practitioners with $1000 max. per family combined
  • 100 % drugs, unlimited – Deductible equals dispensing fee
  • 100 % Travel benefits
  • 100 % Semi Private Hospital
  • 100% Eye exams up to $75
  • 80 % Medical Services.
  • 80 % Paramedical Practitioners with
  • $500 Max per Family combined.
  • 80% Drugs, Unlimited- deductible equals dispensing fee
  • 100% Travel benefits
  • $500 health care spending account includes (Per Family):
    • Semi Private Hospital
    • Medical Services
    • Eye Exams
    • Paramedical Practitioners.
  •  

Note: All combines to annual maximum.

There are four types of divisions i.e. Prescription drugs, Paramedical practitioners, Medical services and supplies, Gold coverage. The most frequently used coverage to help cover costs of either generic or simply brand named drugs. The Paramedical includes physiotherapist, chiropractor, massage therapist, podiatrists etc. The medical services and supply include the Nursing care, ambulance, hearing aids, orthotics, orthopedic shoes, etc. The GOLD coverage is only available to group Clients currently in a group benefits plan.

Lastly the dental care options includes GOLD, SILVER and BRONZE

$35 SINGLE, $90 FAMILY/MONTH
100% Basic coverage
$1,500 max. per person per year.
8 Scalling units
5 month recall

$30 SINGLE,$70 FAMILY/MONTH
90 % Basic coverage
$1,000 Max Per Person Per Year
8 Scaling Units
9 month recall

$15 SINGLE, $50 FAMILY/MONTH
80 % Basic Coverage
$500 max. per person per year.
6 scaling units
9 month recall.

NOTE: The Basic Dental covers the following:

Oral Examinations, x rays, scaling, polishing, fluoride treatment, root canals, lab examinations.

CONCLUSION

The Northern Financials Groups is in business since the last 30 years, having 500 group clients, 1500 individual clients and 5 charities linked with them. We are in association through RMA/MBBP, and share a great mutual relationship with Northern Financials due to its sustainable presence in Canada, as well as having an individual and Group clientele of approx. 2000 combined members. Serving in the insurance and financial sector with high dignity, pride and great customer service has put immense trust in the company over the years. The future of the company and its collaborations are highly secure and sustainable mainly due to the Group clientele. I believe that the relationship shall prolong giving significant benefits to the members especially in the Corporate & business world, a world that is full of rewards and benefits for the 9-5 working daily for their corporate agendas. Northern Financials role in the provision of insurance services & financial products has made them benchmarks in the Financial and Insurance industry worldwide.