Swiss Life has launched Swiss Life Expat Select for multinational companies. The new product covers retirement, death, disability, health and assistance through a flexible one-stop-shop solution.
The concept is to offer clients a modular approach for the five covers. While expatriate employees in most companies are often only a small percentage of the overall headcount, the individuals involved are invariably highly skilled and well paid, and demand a bespoke benefits package commensurate with this. Cover available from a minimum of five lives in a multi-currency format.
Each module incorporates a degree of local flavour, so employers will have a choice of different forms of benefit and can select from a range of disability definitions and investment options to tailor the product to their own needs.
The health and assistance modules are insured by Swiss Life in France and the retirement, death and disability modules by Swiss Life in Luxembourg.