OREANDA-NEWS  On 02 March was announced, that aiming to improve its services for corporate clients, Allianz ROSNO Life complemented the existing corporate life and accident insurance programs with new options making such programs as flexible as possible and meeting various requirements of the company’s corporate clients.

Today, Allianz ROSNO Life offers its corporate clients the following insurance programs: Corporate Risk Control (employee accident insurance), Corporate Protection (term life insurance), Corporate Loyalty (accumulative life insurance), Corporate Rent (insurance coverage of annuities), and Corporate Pension (employee pension insurance).

The new options provided under the corporate programs are intended to form flexible insurance terms. These options are as follows:
A corporate insurance contract can be concluded not only in roubles, US dollars or euro, but also in accordance with the multicurrency scheme — in two or three currencies at once, included in any proportions determined at the client’s discretion. Such approach makes it possible to diversify the risks of exchange rate fluctuations, ensure safety of investments in the long-term perspective, and, in case of an insured event, guarantee stable amount of compensation.

The corporate contract constitutes a single contract listing all of the insured employees, with no need for issuance of individual policies. This enables decreasing the rates for insurants and scales down paperwork considerably.

Each contract contemplates possibility to replace, withdraw and add insured employees without considerable loss for the insurant, which is especially convenient for corporate clients in case of dismissal of an insured employee.

The size of insurance contributions can be altered throughout the contractual period, thereby regulating, respectively, the volume of savings and the scope of insurance coverage.

"In the times of crisis, a properly selected corporate life insurance program becomes an important risk management tool for companies, covering such risks as absence of funds that could be used to increase employee remuneration, and less loyal senior managers. The advantage of the majority of corporate programs is that all payments under accumulative and pension insurance contracts are made on a deferred basis. Consequently, employees have all reasons to stay with the company and show good performance in order to receive guaranteed bonuses. Today, corporate insurance contracts account for over 20% of the portfolio of Allianz ROSNO Life, and we continue actively developing this sales segment. By improving our corporate products, we seek to make the insurance programs more flexible and enable our clients to took part in managing the same", comments Mr. Maxim Chernin, CEO of Allianz ROSNO Life.