Loading ...Most companies that provide life insurance are operating in the pharmaceutical industry, followed by those in IT&C, telecom, fast-moving consumer goods (FMCG) and the retail fields, Business Standard writes.
In multinational companies, the average value of life insurance contracts is €17,000, or a €70 average per employee annually. In local companies, mostly small and medium-sized enterprises (SME), the average value is €1,000.
In multinational companies, the average value of life insurance contracts is €17,000, or a €70 average per employee annually. In local companies, mostly small and medium-sized enterprises (SME), the average value is €1,000.
The number of companies to provide life insurance as a bonus for employees is set to increase by 5-10% in 2009. Currently, about one third of local companies include life insurance in benefit packages, according to a representative of Generali Employee Benefits in Romania, Alin Anastasiu.
Generali Employee Benefits is a network of the Generali Group insurer, specialized in providing employee benefit solutions globally.
Generali Employee Benefits is a network of the Generali Group insurer, specialized in providing employee benefit solutions globally.
“Given the crisis, I do not expect benefit packages for employees to change significantly. On the other hand, further benefits will not be added to the current structure,” Anastasiu said.
In 2009, some 40% of local companies will provide life insurance, compared to 80-90% in Western Europe.
In 2009, some 40% of local companies will provide life insurance, compared to 80-90% in Western Europe.
Furthermore, optional pensions are increasingly provided as benefits. In 2007, only 3% of companies provided this benefit, while 7% offered optional pensions in 2008 to secure personnel, according to a study by consulting company PricewaterhouseCoopers.
Companies such as Orange, Vodafone, Zentiva, TNT, Siemens, Metro and Coca-Cola offers life insurance to their employees.
Companies such as Orange, Vodafone, Zentiva, TNT, Siemens, Metro and Coca-Cola offers life insurance to their employees.
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