Namely Partners With Guardian and Transamerica
Namely , the HR and benefits platform for mid-sized companies, announced its voluntary worksite benefit partnership with Guardian Life Insurance and Transamerica. As part of the partnership, Namely customers can offer their employees critical illness, accident, and hospital indemnity plans to complement the benefit offerings they already provide.
Namely’s new offering of voluntary worksite benefits has four core advantages: the plans are specifically designed for Namely’s technology, making them easy to implement and administer; they are competitively priced, underwritten for the entire population of employees across Namely’s platform; there is no minimum size or participation requirement, empowering mid-sized companies of all sizes to participate; and there is an annual guarantee, removing evidence of insurability requirements.
“We’re proud to offer such a cutting-edge solution for voluntary worksite benefits, which have become a necessity in today’s definition of a robust benefits offering. Given the complexity of the pricing model, voluntary worksite benefits can be cumbersome to manage and incompatible with most benefits administration technologies. This new offering gives mid-sized companies a seamless tech experience, without having to sacrifice either the quality of the carrier nor the cost to employees.” – VP of Benefits at Namely, Matthew Monahan.
Last month, Namely, which is also a licensed insurance agency, announced a $60m growth round, bringing its total funding to date to $217.8m. The company offers a complete suite of benefits from different partners.