Insurance for retaining key employees
This financial plan is aimed at stimulating and retaining the company’s key employees by protecting them against life- and work capacity-related risks through the provision of a financial bonus upon expiry of the agreed upon insurance period.
What does the key employee retention plan include?
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The financial plan allows for the payment of a one-off guaranteed amount to a key employee(s).
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The amount is paid after the expiry of the key employee’s insurance period set by the employer if the respective key employee is still working in the employer’s company.
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For the entire period of the financial plan the employee is provided with an insurance coverage against risks related to his/her life and work capacity.
What are the advantages of this financial plan?
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This is a flexible insurance solution allowing the employer to determine: the insured persons, the financial plan’s term and the payment amount.
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The employer has a strategic means for enhancing the commitment of current employees as well as for attracting new qualified staff.
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The employees get a guaranteed sum insured if they survive the insurance period and they do not owe tax on it.
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In the event of death or permanent disability as a result of an accident, the insurance provides the agreed upon financial security.