Bank of Ireland is to start contributing towards its staff's health insurance costs through payroll from July.
The bank said it has partnered with Laya, Vhi and Irish Life Health to provide discounted plans and additional features to workers who avail of its Health Benefit through payroll.
Following a review of benefits last year, Bank of Ireland committed to adding health insurance to the reward package for its about 9,000 workers.
From July, eligible staff in the Republic of Ireland will be paid the new Health Benefit which comprises a contribution of up to €1,400 a year towards their health insurance.
A new Health Benefit is also being implemented at the same time for its workforce based in Northern Ireland, who do not currently have a health benefit.
Bank of Ireland said its health benefit supports both workers who have no health cover, and those who already do.
Other benefits provided to employees this year include salary increases, participation in a group profit share scheme and enhanced family friendly policies.
Matt Elliott, Chief People Officer at Bank of Ireland, said all eligible workers will be able to avail of the payment from their next payroll in July.
"Bank of Ireland's ambition is to be a great place to work, and this new Health Benefit is a big addition to our people offering," he added.
