This type of insurance is geared to companies that do not have their own pension fund, but appreciate the advantages of cadre insurance. It enables them to enhance as required the occupational benefits of higher-paid management employees. A tailor-made cadre employee benefit scheme enables company owners to make up the pension shortfalls of their managers and enhance their loyalty to the company.
A cadre employee benefit scheme is the centrepiece of sustainable personnel policy. It ensures cadre members receive more generous occupational benefits to supplement their LOB minimum benefits. In this way, it is possible to provide this group of employees with bespoke insurance: special financing models can be agreed, for instance, and additional benefit components integrated in the cover to match the precise needs of a certain category of employees.
Helvetia Prisma Group Foundation for Employee Pensions provides flexible cadre insurance solutions. The foundation accords top priority to security when managing the retirement assets, which is why all the risks – retirement, death and disability – are insured with Helvetia Swiss Life Insurance Ltd. Underfunding is ruled out with this model. Cadre insurance supplements the benefits offered by the basic pension scheme with full insurance.
The fund complements the company’s existing basic occupational benefits contract. The basic occupational benefit scheme with full insurance is expanded where necessary within the framework of the existing contract.
Advantage: Each insured person has a single contract and a single policy. The all-encompassing solution is easier for the company to administer and usually more cost-effective.
Numerous companies prefer to insure their cadre employees under a separate contract.
Advantage: The company has greater flexibility to personalize the occupational benefits of certain employee groups. A separate cadre employee occupational benefit scheme is contracted with and managed by Helvetia Prisma Group Foundation.