MEMBER-ONLY BENEFIT
Multinational pooling is a system of bringing together the insurance coverage of selected worldwide benefits into one “POOL” to achieve experience rating and administrative savings. SEMI initiated this global program to assist our members in reducing their employee costs
Features
- Any combination of the plans below are eligible for the pool:
- Retirement: Deferred Annuity Pension Insurance
- Private Group Life Insurance, AD&D
- Private Group Medical or Supplemental Medical Insurance (Except in U.S.A.)
- Private Group Long term Disability Insurance
Sample of Savings Featured Below:
Assumptions:
- Country 1 does not permit dividend due to small size of the group.
- Country 2 is a tariff-rated county.
- Country 3 holds the margin.
Benefits
- Uncover additional insurance money not otherwise available
- Enhance the management of international plans
- Improve underwriting terms and investments
- Save costs through economies of scale
- Improve communication and joint efforts throughout the company
Costs
- No cost to members
- Member benefit: annual dividends in the amount of 0%–30% of premium
Contact Us
For more information, or to purchase this product, please contact your local representative.
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