Understanding group provident schemes and the issues involved
Provident cover is a system of protection for your employees. It comes into play in the event of unforeseen and potentially destabilising events, and covers your employees and their families against the risks associated with illness or accidents leading to disability or death. In the event of work stoppage, the provident fund contract supplements the daily allowances paid by the Social Security system, ensuring that the employee maintains a stable income. In particular, a group provident fund contract allows you to :
- To supplement the benefits paid under the compulsory social security scheme, which are not always enough to maintain the same standard of living.
- Benefit from provident coverage at a reduced rate, with services often more advantageous than an individual provident contract.
Thanks to our in-depth knowledge of the market, we can offer you tailored solutions to guarantee a stable income for your employees and their families in the event of unforeseen circumstances. With Gerep, you can take advantage of our cutting-edge expertise to help you understand today's healthcare challenges and set up the right provident scheme, while enjoying tax benefits.
Corporate provident insurance and / disability: essential protection
Unlike supplementary health insurance (company mutual insurance), which became mandatory for all employees from January 1, 2016, the implementation of a group provident contract within your company is generally not mandatory. However, there are two specific situations where the establishment of this contract becomes imperative:
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For all executive employees,
regardless of the size of your company or your industry.
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If your collective agreement or branch agreement requires it:
indeed, some sectors or professions have specific agreements that make it mandatory to implement a group provident contract for all employees, regardless of their status
In addition to these obligations, you can set up provident cover for one or more categories of your employees. This is an important social benefit that can have an impact on your employer brand and your company's social climate. You can also improve the provident cover provided for in the branch agreement if you feel that it is too low or that not all risks are covered.
An employee's inability to work or disability can have disastrous financial consequences. Thanks to Gerep's professionalism, you can make the right choices to ensure that the group provident scheme takes over, guaranteeing replacement pay and financial peace of mind for your employee and their family. Our expertise and personalised approach guarantee you tailor-made solutions, adapted to the specific needs of your company's sector of activity.
The benefits of provident insurance: tailored and reassuring protection
Every employee wants to feel protected against life’s uncertainties. Thanks to the group provident insurance we implement, your teams benefit from guarantees specifically adapted to their profession. This agreement strengthens the sense of security within your company, allowing your employees to fully dedicate themselves to their work, knowing they are protected in case of an accident or illness. For employers, a provident contract is also an interesting lever from a tax perspective. Indeed, the contributions paid are deductible from the corporate tax base, as they are considered expenses incurred in the interest of the company. The company can also benefit, under certain conditions, from an exemption from social security contributions on the part of the contributions it covers. This exemption is limited to:
Provident contracts: comprehensive coverage against major risks of accident or death.
Every employee wants to feel protected against the hazards of life. With Gerep, choose provident contracts that comprehensively cover these risks. This agreement reinforces the feeling of security within your company, allowing your employees to devote themselves fully to their work, in the knowledge that they are protected in the event of accident or illness. For employers, a provident scheme is also an attractive tax incentive. The contributions paid are deductible from the corporation tax base, as they are considered to be expenditure incurred in the interests of the company. Under certain conditions, the company can also benefit from an exemption from social security contributions on the portion of the contributions it pays. This exemption is limited to :
Margaux Vieillard-Baron
Damien Vieillard-Baron
