You and your employees have a long-term vision
With group insurance, you are doing pension accrual together.
Group insurance pension accrual
Reward your company's human capital
Group pension insurance offers your employees an interesting additional form of remuneration. They gain financial security for their future retirement years, on top of the statutory pension.
This flexible arrangement can also include additional coverages, such as:
- death cover
- guaranteed income
- disability premium waiver
Why group insurance pension accrual?
Attract talent
A comprehensive remuneration package, including group insurance, can convince potential employees to choose your company in the competitive job market.
Meet expectations
Group insurance is considered a standard benefit in many industries.
By offering this insurance, your company meets employee expectations.
You increase overall satisfaction.
Flexibility
Group insurance is a flexible tool where you, the employer, are in control:
- Determine exactly how much you save for your employees.
- Choose which additional safeguards are endorsed.
What does group pension insurance cover?
Besides standard pension accrual, it offers the flexibility to integrate death cover for your employees. You determine the capital, regardless of the accumulated reserve.
Add extra security by opting for guaranteed income. In case of disability, your employees will receive an additional guaranteed amount of up to 70 to 80% of their salary on top of the health insurance benefit.
In addition, there is the possibility of contribution waiver. The insurer finances the part of pension accrual in case of disability of your employee. This relieves you of the burden of paying contributions.
In short, make your group insurance a versatile tool that perfectly suits your unique needs and optimises your employees' financial protection.
Frequently asked questions
Discover the most frequently asked questions about this insurance. Over the years, we have collected this information and summarise it here. Easy, right?
What happens to group insurance when an employee leaves my company?
Premium payments for pension accrual and any supplementary disability cover will cease.
The employee can choose to transfer the saved reserve to the group insurance through his new employer.
Does the employee not do so? Then the saved reserve will remain with the current insurer and the employee will receive interest on the amount already saved every year.
What happens to pension accrual if an employee becomes long-term sick?
If the guarantee premium waiver provided for in your contract, then the insurer will take over your obligations as an employer. The insurer then pays this premium pension accrual.
This way, you protect not only your employee, but also yourself.
Contact Materné to find out if this deposit is included in your policy.
How much is the return on savings?
The return depends on the formula chosen. You choose between:
- Branch-21 savings formula (with guaranteed return)
- Branch-23 savings formula (where the money is invested in a savings fund)
By law, the employer must guarantee at least 1.75% return. Most companies offer this return, so you as an employer have one less worry.
Contact Materné to find the right partner insurer for you.
As an employer, can I also offer this for only a certain group of employees?
As an employer, you can underwrite group insurance for a particular category.
This category must meet the legal requirements: open, objective, non-discriminatory.
Examples of categories are:
- Clerks
- Business leaders
- Commercials
- Heads of service
- Board members
- Cadres
Is employee contribution applicable with group insurance?
As an employer, you can choose to charge part of the premium to your employee.
Contact Materné to check out the possibilities.
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