Group Life and Health Insurance

Fill the gaps and shortcomings of the Social Insurance, with primary and secondary care, accident and retirement programs

The ever-increasing weaknesses faced by Social Insurance in adequately coping with both primary and secondary care and retirement, have created the need for group insurance, which is called upon to cover the significant insurance gaps created in the insured.

What exactly does group insurance include?

Group insurances complement the state insurance institution where the employer is required to pay contributions for its employees (IKA, etc.), as it upgrades health benefits for all employees in both primary and secondary care, enabling them to access private hospitals and diagnostic centers.

  • Group insurance for the staff of an enterprise entails ensuring the driving force of the enterprise
  • Empowers employee loyalty and efficiency
  • Ability to insure all employees, even without checking their health, up to the age of 70
  • Low cost of insurance premiums per employee
  • Tax exemption for the employer, since a group contract is deductible as an expense of the business (with the current provisions)
  • Possibility of differentiating benefits, depending on the level of employees
  • Ability to also insure the members of the employee’s family, as covered members at a very low cost
  • Financial support for the employee’s family in case of premature death, diagnosis of serious illness or condition or permanent incapacity
  • Coverages provided through a group contract are not provided to an individual
  • Employees can extend their group health contract, individually, at a very low cost, saving money from their annual family expenses
  • When companies offer group insurance to employees, they gain advantages over other competing firms
  • Incentive for employees to cooperate with the company as it enhances the attendance and retention of competent executives
  • There is flexibility in terms of benefits – coverages, where they are adapted to the needs of each business
  • Contributes to the reduction of business expenses
  • Better relationship between employees and employers
  • As an additional benefit it is not incorporated into the salary of employees and therefore can be discontinued without consequences to the company
  • Creates increased prestige for the business by improving its public image
  • Possibility of insuring an entrepreneur at a significantly lower cost compared to an individual policy
  • It can be carried out both in large enterprises, as well as in medium and small (under 10 people)
  • Substantial benefit for employees – a corresponding increase in salary, since the employee has no withholding and is not taxed
  • The social security fund is upgraded
  • Offers a sense of security and security

  • Life insurance (premature loss of life due to accident/illness)
  • Permanent total disability/ Permanent partial disability
  • Hospital treatment from illness/accident
  • Intensive Care Unit (ICU) expenses
  • Coverage of daily hospitalization / surgery
  • Κάλυψη ημερήσιας νοσηλείας/ χειρουργικής επέμβασης
  • Possibility of coverage in Greece and abroad
  • Hospital/surgical allowance
  • Medical fees/ exclusive coverage
  • Insurance for temporary incapacity for work due to accident or illness (loss of income)
  • Medical expenses from an accident (in/out of hospital)
  • Maternity allowance (normal birth/cesarean/miscarriage)
  • Benefits for serious illnesses & conditions
  • Outpatient coverage – Diagnostic tests
  • Visits to private doctors (choice of the insured)
  • Check ups
  • Medications/vaccinations
  • Physiotherapy coverage
  • Coverage of emergency transport costs by any means
  • Emergencies and emergencies 24/7
  • Ophthalmological benefits
  • Dental benefits
  • Coverage of pre-existing conditions (if applicable)
  • Travel insurance
  • Additional coverages according to the needs of the business

To issue a group insurance offer to a group of people who do not have group insurance in force, you need: an assignment order (a form with which you assign us the insurance program research according to your needs), an excel file stating the number of people to be insured – ages – sheet – work duties – covered members and a form with the desired coverages of the group contract. For groups of people who have group insurance in force and are looking for different coverages or more competitive group insurance, a form with compensation payments will also be required. Finally, there is the possibility of insurance through pre-priced group policies.

If there is acceptance of the group insurance proposal, then applications are completed by all employees or members of the group contract in order to join the group policy, the corresponding premium that has been agreed is paid and the coverage begins.

Usually group insurance is done in groups of people from 10 and up. Nevertheless, at Kotsifas Insurance, we have the ability to provide group insurance through reputable insurance companies and to groups of people consisting of less than 10 people, even without a medical history check.

The ages usually covered by group insurance are less than 65 (age of entry into the group) with a maximum of 70 years (age of exit from the group) for the main insured (employees) and the covered members (spouses). For children as covered members, usually from 30 days to the age of 18 or 28 if they are studying.

Another important incentive for group insurance is that tax exemption. Taking into account the current legislation on the taxation of group contracts (life/health), the employer is tax-exempt (taken as an expense) up to € 1,500 per employee per year.

It is possible, if the employer wishes, to provide different coverages with an insurance policy. For example, top executives have different coverages than other executives or employees. Thus, a way of rewarding and motivating employees is achieved, for better performance in their work and goals to reach higher levels within the company.

  • Group insurance of cooperatives
  • Group employee insurance
  • Group insurance of human resource management companies
  • Group insurance of ship crews
  • Group insurance of shipping companies
  • Group shipyard insurance
  • Group insurance of airlines
  • Group insurance of IT companies
  • Group insurance of consulting firms
  • Group insurance of pharmaceutical companies
  • Group industry insurance
  • Group insurance for hotel employees
  • Group insurance of travel agencies/agencies
  • Group driver insurance
  • Group insurance for doctors
  • Group insurance for lawyers
  • Group insurance for students/teachers/tutors
  • Group insurance of hunting clubs
  • Group insurance of clubs of all kinds
  • Group insurance of sports teams
  • Group insurance of associations
  • Group insurance for actors/artists
  • Group insurance for journalists
  • Group insurance of publishing houses
  • Group insurance for broadcast media
  • Group insurance of energy companies
  • Group insurance of telecommunications companies
  • Group insurance of service companies
  • Group insurance of logistics companies
  • Group insurance of transport companies
  • Group insurance of petroleum products companies
  • Group insurance of food companies
  • Group insurance to trading companies (retail/wholesale)
  • Group insurance of beauty salons

Coverages provided through an individual insurance policy are not provided through a group insurance policy and vice versa. The best combination is group insurance with individual insurance. There are many insurance companies that provide individual life/health insurance policies that work perfectly with group insurance policies. In this way, the insured ensures at a very low cost the full insurance of himself and his family, with less than half of the money he would give in premiums without the combination of an individual – group policy.

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