Benefit Awareness

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Benefit Awareness Flexible Benefits in Russia

• Gerard Baltazar
• In2 Consulting (CIS) Ltd
• One Stop Shop for Corporate Benefits
  Investments
• www.in2consulting.co.uk

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Agenda

• Benefit awareness
• Online benefits
• Flexible benefits
• Multi-national pooling Profit share scheme
• Insurance update

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Why Benefit Awareness is Important?

• Research shows that most employees have no
  accurate idea of the value of their total package
• Staff dont see or appreciate the value of their
  benefits
• Most employers know the overall cost of benefits
  but few understand their true value to the
  Company or the employee
• Well-communicated benefit packages will help
  staff recruitment and retention

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How can we promote Benefit Awareness?

• Effective Communication is Key

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How can we promote Benefit Awareness? (cont)

• Information leaflets
• Face to face presentations
• Intranet/Internet
• E-mail

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Advantages of E-Benefit

• Improve Communication
• Offer Flexibility
• Reduce Administration Costs
• Retain Staff
• A Fully Managed Service

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E-Benefits How does it work?

• Employees log-in with their own unique ID and
  password
• Snap-shot view of their benefits
• View all benefits offered to employees
• View total benefits value of their benefits
• Flexibility to change employees personal details

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E-Benefits
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E-Benefit (cont)
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E-Benefits (cont)
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E-Benefits - Cost

• 5 gt 1 Per Person Per Annum
• Provider
• Size of the scheme
• Facilities

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Flexible Benefits

• Benefits can be tailored to the needs of each
  individual employee
• Employer gives employee a percentage of his/her
  salary to spend on benefits
• Employee makes choices on how to spend
• Benefits can be matched to life style
• Benefits change when life style changes

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Needs Change as Lifestyle Changes
Retirement
Enter workforce
Pre-retirement
Career Progression
Marry/ partner
Elder Care
House Purchase
Childrens education
Parenthood
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Flexible Benefits Package

• Popular benefits
• Salary
• Bonus
• Healthcare
• Pension
• Life insurance
• Disability insurance
• Gym membership
• Company car

• Additional benefits
• Critical illness insurance
• Home insurance
• Travel insurance
• Child care
• Subsidised loans
• Holiday buy-in
• Pet insurance
• Travel allowance

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E- Flexible Benefits
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Insurance Update

• Multi-national pooling and Profit share scheme
• War, Terrorism Dangerous sports
• Exclusion Clause

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Multi-National Pooled / Profit Share Scheme

• an arrangement between multinational employer
  and insurer who can offer a group scheme under
  one umbrella for all offices worldwide

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The Global Network
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The Global Network
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Multi-National Pooling

• Multinational Pooling with can include the
  following coverages
• - Group Life
• - Group Accident
• - Group Disability
• - Group Medical
• - Group Endowment
• - Group Retirement

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Multi-National Pooled / Profit Share Scheme

• Employer pays the premium
• Proportion of profit is returned in case of
  positive claim rate.
• Negative balances are absorbed by the insurer.
• Losses are not carried forward to the next year

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Multi-National Pooling Example

• Centralized Account
• Total Premiums 1,000,000
• Total Admin. Charges 350,000
• Total Claims 250,000
• Total Pooling Balance 400,000
• Total Pooling Balance originates multinational
  dividend paid back to the client

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Exclusion Clause - Examples

• Exclusion clause for War, Terrorism Mass
  Destruction
• Notwithstanding any provision
• to the contrary within this insurance, or any
• endorsement thereto, it is agreed that this
  insurance excludes
• any entitlement to benefit of whatsoever nature
  directly or indirectly arising out of,
  contributed to, caused by, resulting from, or in
  connection
• with any of the following regardless of any
  other cause
• or event contributing concurrently or in any
• other sequence to the members death.

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Exclusion Clause - Examples

• Definition for Terrorism
• Terrorist activity means an act,
• of any person, or group(s) of persons,
• committed for political, religious, ideological
• or similar purposes with the intention to
  influence any government
• and or to put the public, or any section of the
  public, in fear. Terrorist Activity can include,
  but not be limited to, the actual use of force or
  
• violence and or the threat of such use.
  Furthermore,
• the perpetrators of terrorist activity can either
  be
• acting alone, or on behalf of, or in connection
• with any organization(s) or government(s).

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Thank You

• Contact details
• Gerard Baltazar
• In2 Consulting Ltd In2 Consulting (CIS) Ltd
• 53 Tabernacle Street Strastnoy Bldv
  16London MoscowUnited Kingdom Russia
• Work 44 20 7336 7763 Work 7095956
  5591Mobile [phone] Mobile 7095
  991 2613
• Email gerard_at_in2consulting.co.uk
• Website www.in2consulting.co.uk