Firm LE GOFF
Large
French
distribution
companies,
members
of
the
National
Association
of
Large
Distribution
Companies
(ANGED)
such
as
Carrefour,
Leroy
Merlin,
Alcampo,
Conforama,
Feu
Vert,
FNAC,
Toys"r"us,
Norauto
among
others,
must
take
out
a
collective
life
insurance
contract
in
accordance
with
Article
45
of
the
collective
agreement
for
the
department
store
sector
2023-2026
(agreement
code
no.
99002405011982)
published
in
the
Official
State
Gazette
of
9 June 2023.
Article
45
provides
as
follows:
"Companies,
provided
that
they
do
not
have
a
more
beneficial
one,
shall
be
obliged
within
three
months
from
the
date
of
publication
of
this
agreement
to
take
out
life
insurance
and
absolute
permanent
disability
for
all
work
and
severe
disability
for
the
workers
affected
by
this
agreement,
for
an
amount
of
EUR
24,000,
according
to
the
usual
market
modality.
Companies
will
make
available
to
workers
a
certificate
of
accreditation
with
the
amounts
guaranteed
in
the
collective
policy
and
a
copy
of
it
to
the
workers'
representation
corresponding
to
the
area
in
which
said policy is subscribed."
Our firm has been managing the group life risk policy of one of these large distribution companies for more than 15 years.
The
firm
LE
GOFF
has
designed
an
insurance
policy,
with
a
first-class
insurance
company
of
recognized
solvency
at
an
international
level,
which
includes
not only the requirements demanded by the collective agreement but also other conditions negotiated ad hoc, and in particular:
•
The automatic discharge of insured persons without having to pass the medical questionnaire.
•
The
possibility
of
taking
out
a
capital
higher
than
that
indicated
in
the
collective
agreement
in
order
to
benefit
from
more
attractive
economic
conditions compared to individual insurance. Up to an insured capital of EUR 400,000, no medical questionnaire is required.
•
Administrative
error
clause
that
guarantees
coverage
in
the
event
that
the
company
has
omitted
or
made
an
error
when
providing
the
data
of
the
personnel to be insured.
•
Profit-sharing
clause
based
on
claims:
this
clause
allows
a
part
of
the
technical
benefits
to
be
returned
annually
to
the
company/policyholder.
The
formula
applied
for
the
calculation
of
the
PB
is
as
follows:
86%
of
the
difference
between
the
net
premiums
written
during
the
annuity
minus
the
amount
of
the
claims
declared
during
the
annuity.
On
the
result
obtained,
the
insurance
company
applies
a
rate
of
80%.
The
formula
is
the
same
for
all
insurance
companies,
only
the
rates
listed
may
vary.
Case
study:
annual
net
premium
of
EUR
100,000
and
no
claims,
in
this
case,
the
insurance
company
will
refund
the
policyholder
an
amount
of
EUR
68,800.
In
short,
the
annual
premium
results
in
EUR
31,200
thanks
to
the
profit-sharing
clause.
As for the management of claims, our firm treats the data in the file with the beneficiary(s) with the utmost confidentiality.
We offer direct support to the beneficiary(s) by informing them about all the documents required by the insurance company.
Once
collected,
we
deliver
the
documents
to
the
insurer
so
that
they
can
proceed
with
the
payment
of
the
compensation
in
the
current
account
communicated by the beneficiary(s) as soon as possible.
Our
firm
specialises
in
advising
large
French
distribution
companies
present
in
Spanish
territory,
offering
group
life
insurance
policy
in
accordance
with
current Spanish regulations and modelled according to the client's needs, which represents a complementary advantage.
Group life insurance risk for department
stores in Spain
Group life insurance
risk for department
stores in Spain
Large
French
distribution
companies,
members
of
the
National
Association
of
Large
Distribution
Companies
(ANGED)
such
as
Carrefour,
Leroy
Merlin,
Alcampo,
Conforama,
Feu
Vert,
FNAC,
Toys"r"us,
Norauto
among
others,
must
take
out
a
collective
life
insurance
contract
in
accordance
with
Article
45
of
the
collective
agreement
for
the
department
store
sector
2023-2026
(agreement
code
no.
99002405011982)
published
in
the
Official
State
Gazette of 9 June 2023.
Article
45
provides
as
follows:
"Companies,
provided
that
they
do
not
have
a
more
beneficial
one,
shall
be
obliged
within
three
months
from
the
date
of
publication
of
this
agreement
to
take
out
life
insurance
and
absolute
permanent
disability
for
all
work
and
severe
disability
for
the
workers
affected
by
this
agreement,
for
an
amount
of
EUR
24,000,
according
to
the
usual
market
modality.
Companies
will
make
available
to
workers
a
certificate
of
accreditation
with
the
amounts
guaranteed
in
the
collective
policy
and
a
copy
of
it
to
the
workers'
representation
corresponding
to
the
area
in
which
said policy is subscribed."
Our
firm
has
been
managing
the
group
life
risk
policy
of
one
of
these
large
distribution
companies
for more than 15 years.
The
firm
LE
GOFF
has
designed
an
insurance
policy,
with
a
first-class
insurance
company
of
recognized
solvency
at
an
international
level,
which
includes
not
only
the
requirements
demanded
by
the
collective
agreement
but
also
other
conditions
negotiated
ad
hoc, and in particular:
•
The
automatic
discharge
of
insured
persons
without
having
to
pass
the
medical
questionnaire.
•
The
possibility
of
taking
out
a
capital
higher
than
that
indicated
in
the
collective
agreement
in
order
to
benefit
from
more
attractive
economic
conditions
compared
to
individual
insurance.
Up
to
an
insured
capital
of
EUR
400,000,
no
medical
questionnaire is required.
•
Administrative
error
clause
that
guarantees
coverage
in
the
event
that
the
company
has
omitted
or
made
an
error
when
providing
the
data of the personnel to be insured.
•
Profit-sharing
clause
based
on
claims:
this
clause
allows
a
part
of
the
technical
benefits
to
be
returned
annually
to
the
company/policyholder.
The
formula
applied
for
the
calculation
of
the
PB
is
as
follows:
86%
of
the
difference
between
the
net
premiums
written
during
the
annuity
minus
the
amount
of
the
claims
declared
during
the
annuity.
On
the
result
obtained,
the
insurance
company
applies
a
rate
of
80%.
The
formula
is
the
same
for
all
insurance
companies,
only
the
rates
listed
may
vary.
Case
study:
annual
net
premium
of
EUR
100,000
and
no
claims,
in
this
case,
the
insurance
company
will
refund
the
policyholder
an
amount
of
EUR
68,800.
In
short,
the
annual
premium
results
in
EUR
31,200
thanks
to the profit-sharing clause.
As
for
the
management
of
claims,
our
firm
treats
the
data
in
the
file
with
the
beneficiary(s)
with
the
utmost confidentiality.
We
offer
direct
support
to
the
beneficiary(s)
by
informing
them
about
all
the
documents
required
by
the insurance company.
Once
collected,
we
deliver
the
documents
to
the
insurer
so
that
they
can
proceed
with
the
payment
of
the
compensation
in
the
current
account
communicated
by
the
beneficiary(s)
as
soon
as
possible.
Our
firm
specialises
in
advising
large
French
distribution
companies
present
in
Spanish
territory,
offering
group
life
insurance
policy
in
accordance
with
current
Spanish
regulations
and
modelled
according
to
the
client's
needs,
which
represents
a
complementary advantage.
