Insurope - Network Partner: Company Profile

our Network Partner in Greece

International Life

International Life Insurance Company S.A. has been operating in Greece since 1990, under the corporate name Universal Life (Hellas). In 2010, Universal Life was incorporated into the International Life Insurance and Financial Group of Companies. International Life Group is an organization with more than half a century experience in the Greek insurance market, with innovative structures, financial strength and an excellent organisation.

International Life Insurance Company S.A. offers comprehensive insurance solutions with competitive prices, substantial cover and high quality advice, providing to its customers specialised insurance programs, customised to their needs.

The business portfolio of International Life Insurance Company S.A. includes innovative Life Insurance Products, Disability Insurance, Personal Accident Insurance, Loss of Income Insurance, Health Insurance and Pension Insurance Products. It is worth mentioning that International Life Insurance Company S.A. is a strong player in the Employee Benefits Insurance Sector, with the required specialisation and know-how. A large share of its portfolio consists of employee benefits programs for Greek and multinational companies.

International Life Insurance Company S.A. provides continuous customers' support through the following services offered free of charge:

A Health Line that operates 24 hours a day and provides medical advice from specialized doctors to customers, as well as information for hospitals and medical centres.
A Health Card for hospitalisation in Greece and abroad: With the medical card, there is not a need for the customer to make any payments, as International Life Insurance Company S.A. reimburses the cooperating hospitals directly. International Life Insurance Company S.A.has been the first company to offer a medical card for the employee benefits programs.

The vision of the International Life Group is its customers' assurance and satisfaction, offering innovative products for their insurance needs, fulfilling their expectations for high quality services through relationships of trust and a friendly environment.

The International Life Group operates with the values: Friendliness/Protection, Reliability/Ethics, Dynamism/Modern Services, values which depict the nature of the International Life Group. These are the values, which gain the trust from people, partners and customers, making them feel confident.

International Life Insurance Company S.A., following the philosophy and the vision of the International Life Group, targets a continuous and dynamic evolution, through the best customer service and high quality services.

local language

HInternational Α.Ε.Α.Ζ. ξεκίνησε να δραστηριοποιείται στην Ελλάδα από το 1990 υπό την επωνυμία UniversalLife (ΕΛΛΑΣ) A.A.E.Z. Από το 2010 ενσωματώθηκε στον Ασφαλιστικό & Χρηματοοικονομικό Όμιλο Εταιρειών InternationalLife, έναν Όμιλο με πάνω από μισό αιώνα παρουσίας στην ελληνική ασφαλιστική αγορά, με σύγχρονη δομή και διοίκηση, με μεγάλη οικονομική δύναμη και υψηλή οργάνωση.

HInternational Α.Ε.Α.Ζ. προσφέρει ολοκληρωμένες ασφαλιστικές λύσεις, με ανταγωνιστικές τιμές, ουσιαστικές καλύψεις και ποιοτικές συμβουλές, παρέχοντας στους πελάτες της εξειδικευμένα ασφαλιστικά προγράμματα προσαρμοσμένα στις ιδιαίτερες ασφαλιστικές τους ανάγκες.

Το επιχειρηματικό χαρτοφυλάκιο της International Α.Ε.Α.Ζ. περιλαμβάνει καινοτόμα προγράμματα Ασφαλίσεων Ζωής, Ασφαλίσεων Ανικανότητας, Ασφάλισης Προσωπικού Ατυχήματος, Ασφάλισης Απώλειας Εισοδήματος, Ασφαλίσεων Υγείας και Συνταξιοδοτικά Προγράμματα. Αξίζει να σημειωθεί ότι η International Α.Ε.Α.Ζ. είναι ισχυρός παίχτης στην εξυπηρέτηση του κλάδου των Ομαδικών Ασφαλίσεων, διαθέτοντας την απαιτούμενη εξειδίκευση και την τεχνογνωσία, καθώς μεγάλο μέρος του συνολικού χαρτοφυλακίου της προέρχεται από πωλήσεις ομαδικών συμβολαίων σε ελληνικές και πολυεθνικές εταιρείες.

Η International Α.Ε.Α.Ζ. προσφέρει συνεχή υποστήριξη στον πελάτη με τις δωρεάν υπηρεσίες:

� 24ωρο Ιατρικό Τηλεφωνικό Κέντρο: Γραμμή Υγείας που λειτουργεί 24 ώρες το 24ωρο και παρέχει ιατρικές συμβουλές από εξειδικευμένους γιατρούς, πληροφορίες για νοσοκομεία και ιατρικά κέντρα.

� Κάρτα Υγείας για Νοσηλεία στην Ελλάδα και το Εξωτερικό: Με την κάρτα υγείας ο πελάτης δεν χρειάζεται να εκταμιεύσει χρήματα γιατί στα συμβεβλημένα νοσοκομεία πληρώνει απευθείας η εταιρεία. Η International Α.Ε.Α.Ζ. ήταν η πρώτη εταιρεία που προσέφερε κάρτα υγείας σε προγράμματα ομαδικής ασφάλισης.

Το όραμα του Ομίλου International Life είναι η εξασφάλιση και η ικανοποίηση των πελατών του, προσφέροντας σύγχρονα προϊόντα για τις ασφαλιστικές ανάγκες τους και εκπληρώνοντας τις προσδοκίες του για ποιοτικές υπηρεσίες με τη δημιουργία σχέσεων εμπιστοσύνης και φιλικού περιβάλλοντος.

Οι αξίες του Ομίλου International Life εκφράζονται μέσα από το τρίπτυχο Φιλικότητα/Προστασία, Αξιοπιστία/Ήθος, Δυναμισμός/ Σύγχρονες Υπηρεσίες, αξίες που διέπουν την εικόνα και τον χαρακτήρα του Ομίλου και είναι εκείνες που εμπνέουν εμπιστοσύνη στους ανθρώπους, τους συνεργάτες και τους πελάτες έτσι ώστε να νιώθουν ασφαλείς.

Η International A.E.A.Z., ακολουθώντας την φιλοσοφία και το όραμα του Ομίλου International Life στοχεύει σε μια συνεχή και δυναμική εξέλιξη, μέσω της αρτιότερης εξυπηρέτησης του πελάτη και της παροχής υπηρεσιών υψηλών προδιαγραφών.

typical benefit plan

A. Group Insurance/Pension Plan 1. Defined Benefit Scheme (20 employees):
Eligibility:	Death Benefits: Employees under age 65 (male and female participants) who are actively working at the company, hired for an unlimited period, have six months of service and are at least age 25. Retirement Benefits: Employees age 65, male or female, who are actively working for the company, hired for an unlimited period and are at least age 25. Employees age 25 or over become eligible immediately; i.e., no waiting period.
Pensionable Salary:	13.89 times monthly salary.
Pensionable Service:	Years and months of service from date of entry until retirement age.
Retirement Benefit:	(240% S1 + 840% S2) x n/40 Where: S1 equals pensionable salary limited to legal pension ceiling or ceiling fixed by employer, S2 equals part of the pensionable salary exceeding S1, n equals years and months of pensionable service
Early Retirement Benefit:	Accrued benefits actuarially reduced.
Pre-Retirement Death Benefit:	Married Participants: Three times annual salary (including profit sharing). Others: Lump-sum equal to one or two time annual salary (including profit sharing).
Orphans Pension:	A lump-sum for each child equal to: 50% S/(1+c), c = profit sharing coefficient
Vesting:	Employee's Contract: Immediate Employer's Contract: Immediate
Employee Contribution:	Life: None Retirement: 5% of that part of the annual salary exceeding the ceiling. The balance is paid by the employer.
2. Defined Contribution Scheme (20 employees):
Eligibility:	All employees from the age of 22 on and with one year of service. (The one-year of service is not applicable for employees older than age 25.)
Retirement Age:	65 for males and females.
Pensionable Salary:	13.85 times gross monthly salary.
Pensionable Service:	Years and months of service.
Employers contribution:	Age of participant on January 1 Younger than 30 years old Between 30 and 45 years old Between 45 and 55 years old Older than 55 years old	Premiums 1% S1 + 4% S2 2% S1 + 8% S2 3% S1 + 12% S2 4% S1 + 16% S2
	in which: S1 = the annual salary, limited to the ceiling that is applied for the calculation of the statutory retirement pension or limited to a contractual ceiling fixed by the employer. S2 = the part of the annual salary in excess of the ceiling. Employees contribution: 1 % S1 + 4 % S2 Payments are made in twelve installments at the end of each month. Taxes on payments are paid by the employer.
B. Group Disability Insurance
Disability Benefit:	Eligibility: All employees who have completed their probation period. After a waiting period of 30 days, a benefit equal to 70% of pensionable salary inclusive of Social Security reimbursements in the event of non-occupational accident or illness (depending on the industry of employment the percentage can vary between 70% and 75%).
Waiver of Premium:	Included after a waiting period of 30 days in the event of illness or accident of any nature.
Employer Contribution:	100%
C. Group Health Insurance 1. Unlimited medical plan (focus on new business)
Eligibility:	All employees hired for an unlimited period, with six months of service who have submitted a signed participation form and are not participating in another plan.
Hospitalization:	Unlimited reimbursement.
Serious Diseases:	Unlimited reimbursement.
Deductible:	€74.37 per insurance year and per insured.
Employer Contribution:	100% for the employees.
Employee Contribution:	100% for dependent cover.
2. Medical plan with limitations (existing contracts)
Eligibility:	All employees hired for an unlimited period with six months of service who have submitted a signed participation form and are not participating in another plan.
Hospitalization:	Unlimited amount or unlimited amount limited to twice the Social Security reimbursement.
Serious Diseases:	Reimbursement limited to €2,478.94
Deductible:	€74.37 per insurance year and per insured.
Employer Contribution:	100% for employees.
Employee Contribution:	100% for dependent cover.