Permanent health insurance

The Permanent Health Insurance (PHI) cover provides for another essential building block of your employee benefit package. It can be purchased alone or in combination with other covers to construct an increasingly comprehensive package that precisely meets your requirements. An additional added value benefit: in case of a claim, the Permanent Health Insurance premium is automatically paid.

You can use Permanent Health Insurance to match the social security requirements found in the home country of expatriate employees as well as provide an attractive benefit package for other management. You can also use it to give an extra layer of protection where social security arrangements may not be sufficient.
In recruitment and employee retention, in managing your company's current risk and in planning for future uncertainty, Zurich International Solutions offers integral cover and riders for company needs world-wide. Permanent Health Insurance, another value added risk management product from Zurich International Solutions.

COVER
The company receives an annuity benefit if an employee becomes partially or totally disabled due to an accident or illness.
You can choose the term age up to 65 years of age.
The cover parameters for Permanent Health Insurance are:
employees own occupation or employees own or similar occupation or any occupation.
You may choose to make premium payments in most major convertible currencies.
Select the version of Permanent Health Insurance that best suits your needs. The range of options can be seen below:

Percentage of Insured Salary PHI:
* Switzerland PHI
* France PHI
* Sweden PHI
* UK

Minimum degree of disability in order to receive a benefit:
* 25
* 33 1/3
* 50

Fully unable to perform occupation (as defined in the policy) for a specified period.
Thereafter partial disability may allow for benefits which are based on loss of income.

Minimum degree of disability for total benefits:
* 66 2/3
* 66 2/3
* 66 2/3 see above

BENEFIT
The annuity benefit can be based on a percentage of an insured employee's salary and consequently reflect salary changes.

It is possible to set the length of the waiting period from a range of options between 3 and 24 months.

If the benefit becomes due, an annuity is paid until recovery, term age or death, whichever occurs first.

You can opt to build in an inflator option of zero to three percent (0-3 into your policy. If the benefit comes due, the annuity increases by the percentage chosen annually.

The benefit can be paid in most major convertible currencies.

LIMITATION
Own or similar parameter choices are dependant on occupational classes