Do you want to increase the motivation of your employees and economize at the same time? Then the Program Vital is designed for you!
Program Vital is capital life insurance designed for companies and their employees. The companies can remunerate their employees via this insurance. Thus they will motivate them and increase employees´ loyalty and satisfaction. Unlike in the case of a direct increase in wages, from this financial contribution the employer does not have to pay any public social and health insurance. Moreover, this contribution is a fully tax deductible cost.
Naturally, the employee him/herself can also pay the premiums. The contributions sent by the employee are considered tax deductible items and are not subject to income tax.
In Program Vital, employees may conclude an individual insurance contract for Vital Allegro. It is a saving product that provides a guaranteed appreciation of deposited finances and, in addition, crediting of other shares in the insurance company´s profit. If the insured dies, the insurance company pays out an amount equal to the value (reserve) at the moment of the death.
This insurance serves as a tool for accumulation of a sufficient financial reserve that will satisfy future needs or maintain the existing standard of living even when retired.
How to arrange the insurance
Insurance terms and conditions
And what are the main advantages of Program Vital?
- Minimum guaranteed yearly appreciation for year 2021 is set by 0.5% p. a.
- Annual subscription of shares in the insurance company´s profit
- Employer contribution at least CZK 300 per month
- Possibility of tax savings for both the employee and the employer
- Saving on the public health and social insurance for both the employee and the employer
- Possibility of adapting the product to the employer´s needs and strategies
Illustrative example of the deposited finances appreciation
|Monthly premium||Sum insured in case of reaching the age of 60
CZK 600 (employer CZK 300 + employee CZK 300)
|Entry age||Insurance period||Premiums paid by the employee||Amount paid out at the end of the insurance|
|20||40||CZK 144,000||CZK 339,751|
|30||30||CZK 108,000||CZK 241,743|
|40||20||CZK 72,000||CZK 153,016|
|55||5||CZK 18,000||CZK 35,446|
Illustrative example is calculated using the expected 1.0% overall appreciation p. a.