Group insurance: why it pays for the employer, not just the employee

In a labour market where finding and keeping staff is one of the biggest problems for Greek businesses, a group scheme isn’t a “luxury perk”. It’s one of the most efficient tools an employer has.

What it is

The insurance of a group of employees through a single policy. The business carries the cost; the employee can optionally extend cover to their family. Because underwriting is done for the group as a whole, no individual health questionnaires are required and waiting periods are short.

The benefits for the business

Tax. Group premiums are generally recognised as a payroll expense, reducing taxable profit. (Confirm the treatment with your accountant.)

Cost per person. Thanks to group pricing, decent inpatient cover costs significantly less per employee than the equivalent individual policy.

Retention. A good group scheme is hard for a competitor to “match” in a salary offer, and it creates a leaving cost for the employee (they lose the family cover).

Productivity & image. Fewer and shorter absences, faster access to care, and an employer brand that counts in new hires.

What it includes

• Life cover (a lump sum to beneficiaries)
• Inpatient and outpatient care
• Accident and permanent disability cover
• Critical illness (a lump sum on diagnosis)
• Optionally: a group pension with a guaranteed rate
• 24/7 telemedicine and a network of contracted clinics

From how many people

A group life and health scheme starts from 5 employees. For groups of up to 50 the proposal is issued quickly; above 50, a specialised account executive takes over.

How you proceed

You’ll need: a letter of appointment, a file with the number of people, ages and gender, and the budget per employee. From that, we present 2–3 benefit scenarios with their cost, so you can choose deliberately.