Investment life insurance for business
Taking care of your employees’ future is easy – you can start saving now and provide financial security for the employee and his/her loved ones. Term insurance is a responsible approach to the company’s greatest asset, which also creates the image of a caring employer and motivates the employees.
Why is it worth contributing to the accumulation of employees?
Whether you are a large company or a small business, choosing investment insurance for employees will help them plan their future and ensure their financial security. This makes it possible to keep the employee longer and strengthen the company’s position in the market.
With this insurance, you can give your employees the financial support they need in the event of a serious illness or injury, which creates more peace of mind and productivity at work.
Combined with other employee-friendly measures (competitive compensation, life and health insurance, training and team events, flexible work schedules, etc.), employers foster an attractive work environment that attracts and retains employees for the long term.
A lower turnover, favourable tax environment can reduce the overall costs of the employer and be financially beneficial for the company. Saving money is one of the additional benefits that employees value very highly.
Attractive conditions for premiums
Contributions may be from EUR 50 – the same for everyone or different, depending on the time worked by the employee in the company, increasing the scope of the motivational benefit package for loyalty.Professional investment decisions
You can choose from several investment programmes prepared by professional investment specialists. You can change the investment plan 4 times a year for free.Comprehensive insurance coverage package
A wide set of insurance covers – life cover, critical illness cover, cover of incapacity for work and accident cover – may be included, they may be agreed within the company or different; we can also take into account the needs of each employee (more covers require higher premiums).Possible transfer of the contract to the employee by mutual agreement
It is possible to foresee the time of the transfer of the contract in advance or in the event of a change in circumstances In the company’s motivational programme.Favourable tax environment
You can take advantage of the favourable tax environment and motivate employees at lower costs than wages.Flexible and quick
It is possible to conclude a separate contract as soon as the employee joins the company or at an individually agreed time. This will further encourage employee engagement.Investment insurance – what we insure against?
All risks
In the event of an unforeseen event, investment insurance covers against the following risks:
• death;
• accidents;
• critical illnesses;
• incapacity for work.
Life risk insurance
Life insurance provides financial protection to the family in the event of the death of the insured person due to illness or death (except for non-insured cases). It is especially relevant for persons with financial obligations that the burden of the loss of the breadwinner does not fall on his/her family.
Accident insurance
This insurance will provide financial protection for you and your family in the event of an accident:
• death (we will pay out the total sum insured set for this insurance risk)
• disability (we will pay out a part of the sum insured for the case of disability, depending on the degree of disability)
• injuries (we can cover you against: bone fractures, meniscus, tendon ruptures, dislocation of joints, soft tissue ruptures, burns, injuries (at least of degree III), brain haemorrhages, concussions and beatings of the head and spine, injuries to internal organs, etc.)
• daily allowance (we will pay daily allowance if the insured person is temporarily incapacitated for work due to an accident. The amount of the insurance benefit for each day of incapacity for work is set in the insurance contract)
• additional assistance (we will pay a benefit in case of acute illnesses and cover the necessary expenses of the insured person in the event of an accident).
Critical illness insurance
This insurance helps those who would not have sufficient savings in case of a serious illness. The received benefit would help provide financial security, compensate for reduced income during the period of incapacity for work, and provide funds for recovery and rehabilitation.
Once the event is recognised as an insured event, the entire critical illness insurance benefit selected in the insurance contract is paid out and this coverage expires.
List of insured diseases for adults (from the age of 18 years) – 39 diseases: malignant tumour, heart attack, stroke, heart surgeries and other serious diseases, for more information. Full list of diseases here.
Insurance against incapacity for work
In case of complete loss of working capacity and 0-25% of the level of participation (working capacity), the total sum insured will be paid out.
The amount of the premium depends on age, health status, type of work and leisure interests.
The fact of full loss of participation (working capacity) is confirmed if such incapacity of the insured persons continues uninterruptedly at least for 12 months. The criteria and procedure for determining the level of participation are established by the Ministry of Social Security and Labor of the Republic of Lithuania in cooperation with the Ministry of Health of the Republic of Lithuania. For more information on the criteria for determination of working capacity, read here: www.anta.lrv.lt/lt/veiklos-sritys/dalyvumo-lygio-nustatymas/.
Investment insurance – what we insure against?
In the event of an unforeseen event, investment insurance covers against the following risks:
• death;
• accidents;
• critical illnesses;
• incapacity for work.
Life insurance provides financial protection to the family in the event of the death of the insured person due to illness or death (except for non-insured cases). It is especially relevant for persons with financial obligations that the burden of the loss of the breadwinner does not fall on his/her family.
This insurance will provide financial protection for you and your family in the event of an accident:
• death (we will pay out the total sum insured set for this insurance risk)
• disability (we will pay out a part of the sum insured for the case of disability, depending on the degree of disability)
• injuries (we can cover you against: bone fractures, meniscus, tendon ruptures, dislocation of joints, soft tissue ruptures, burns, injuries (at least of degree III), brain haemorrhages, concussions and beatings of the head and spine, injuries to internal organs, etc.)
• daily allowance (we will pay daily allowance if the insured person is temporarily incapacitated for work due to an accident. The amount of the insurance benefit for each day of incapacity for work is set in the insurance contract)
• additional assistance (we will pay a benefit in case of acute illnesses and cover the necessary expenses of the insured person in the event of an accident).
This insurance helps those who would not have sufficient savings in case of a serious illness. The received benefit would help provide financial security, compensate for reduced income during the period of incapacity for work, and provide funds for recovery and rehabilitation.
Once the event is recognised as an insured event, the entire critical illness insurance benefit selected in the insurance contract is paid out and this coverage expires.
List of insured diseases for adults (from the age of 18 years) – 39 diseases: malignant tumour, heart attack, stroke, heart surgeries and other serious diseases, for more information. Full list of diseases here.
In case of complete loss of working capacity and 0-25% of the level of participation (working capacity), the total sum insured will be paid out.
The amount of the premium depends on age, health status, type of work and leisure interests.
The fact of full loss of participation (working capacity) is confirmed if such incapacity of the insured persons continues uninterruptedly at least for 12 months. The criteria and procedure for determining the level of participation are established by the Ministry of Social Security and Labor of the Republic of Lithuania in cooperation with the Ministry of Health of the Republic of Lithuania. For more information on the criteria for determination of working capacity, read here: www.anta.lrv.lt/lt/veiklos-sritys/dalyvumo-lygio-nustatymas/.
Investment funds and programmes
With ERGO, you can start investing in some of the best performing funds in all major financial markets worldwide.
Interested in investment advice? We are ready to help you
Low contract fees
We offer favourable contract management fees.
Ability to choose
You can choose from several investment programmes.
Easy to help
The selection of investment funds and programmes is carried out by experienced ERGO investment specialists.
Investment programmes
You can choose from three investment programmes:
The investment programme “Moderate 25” is suitable for beginners, investors seeking lower than average investment risk and for whom lower return on investment is acceptable. This programmes involves investing at least 75% of the funds in bonds.
The investment programme “Balanced 50” is suitable for investors seeking higher than normal returns on bonds. If you choose this programme, up to 50% of the funds are invested in shares. The risk of the programme is medium.
The investment programme “Growth 75” is suitable for risk-oriented investors seeking higher returns on shares and prepared for higher fluctuations in the value of their investments. If you choose this programme, up to 75% of the funds are invested in shares. The risk of the programme is higher than average.
Attractive tax environment
When the company pays insurance premiums for the benefit of the employee, it is not necessary to pay personal income tax, state social insurance premiums and mandatory health insurance contributions on the premiums, if the premiums do not exceed 25% of the employee’s estimated employment-related income. Life insurance premiums are recognised as permitted deductions in accordance with the procedure established in the Republic of Lithuania Law on Corporate Income Tax.
Frequently asked questions
This is financial protection for your employees, providing a benefit in the event of death or critical illness. ERGO offers various types of life insurance, including risk insurance and universal insurance, which may also include a savings function. Most often, this service is chosen by customers who take care of their employees.
If your employees have obligations to the bank, you can choose a variable sum insured that gradually decreases (such an option is available in risk insurance).
Investment life insurance offers the opportunity to invest funds for business customers who have financial objectives, want to cover inflation, and take into account possible earning opportunities. One way to accumulate funds is to entrust your investment amount to the investment professionals of an insurance company.
You can actively participate in the investment process of term life insurance premiums and switch funds. You can choose investment directions according to the level of riskiness or according to the markets (groups of companies or countries) where the funds operate
Investment directions for life insurance customers are selected using data from Morningstar, a global leader in investment research.
Our customers can invest in all major financial markets of the world in some of the best funds investing in those markets. ERGO offers to choose from three ERGO investment programmes and invest moderately (without assuming a high investment risk), focus on growth or choose a balanced portfolio of investment directions. More information on investment directions and programmes is available here. You can familiarise yourself with ERGO Investment Policy here.
Terms and conditions
Esminė informacija draudėjui, sudarančiam ERGO universalaus gyvybės draudimo sutartį.pdf
Esminė informacija draudėjams (gyventojams) apie gyvybės draudimo sutartims taikomą apmokestinimo tvarką.pdf
