Presentation
The ECA or Retirement Allowance constitute a commitment, known as a social liability, which every company must include in the notes to its balance sheet. In the event of simultaneous departures, the payment of ECAs can lead to cash flow variations that are harmful to the balance of the company's accounts. The best way to anticipate the payment of ECAs is to set up a dedicated financial reserve now.
The principle : Fund a group life insurance policy at your own pace, which not only allows you to fully deduct this expense from your liabilities but also to smooth or fund the provisions over several years.
How it works
The contract covers all causes of employee departure subject to mandatory payment of compensation as defined in the Labor Code and the General Collective Labor Agreement applicable to companies in the private and para-public sectors in the Republic of Benin.
It also guarantees the payment of a capital sum in the event of the death or absolute and permanent disability of a member. The guaranteed death benefit for each member can be set by the company or calculated according to article 37 of the same collective agreement.
Guarantees
The ECA or Retirement Allowance contract offers you Three guarantees in One :
- Retirement
- Dismissal
- Death
Serenity End of Career Allowance (ECA)
You have employees, so you have obligations towards them in case of departure.
With Serenity End of Career Allowancefinance and control your social liabilities.
Pourquoi souscrire à la IFC ou IDR de L’Africaine Vie ?
- Expertise with life insurance specialists to manage your savings;
- Reactivity with active and dynamic management according to your investor profile;
- Transparency and advice with regular information on the management of your savings and its performance;
- A proximity allowing financing options adapted to your cash flow.
Subscription
To subscribe, simply :
Contact L'AFRICAINE VIE for an appointment.
Borrower's insurance taken out to secure a loan provides coverage in the event of death, disability and/or loss of employment. When one of these events occurs, the insurer reimburses the loan payments,
Do you have foresight? Do you want to guarantee a certain future for your children, or at least the youngest ones? You have great ambitions for your children? This product is perfectly suited to your needs.
What will happen to my family when I am gone? How can I provide a future for my children with the risks of my job? How will I be able to meet the funeral expenses of my elderly parents or in-laws?
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