Employees prefer a voluntary pension as bonus, instead of life insurance
Over 97.7% of the inhabitants of Bucharest with no life insurance are not participating in any voluntary private pension fund (pillar III) either. The share of those from the rest of the country in the same situation is 96.6%. This is one conclusion of the study “What do employees think about life insurance?", conducted by MEDNET Marketing Research Center and presented by Lacramioara Laura VOINEA, Managing Director, at the Life Insurance Day from FIAR 2008.
According to the research of MEDNET, carried out at national level, the share of individuals who are already included in a pillar II pension fund and also have life insurance is 21.1% in Bucharest and 23% in the rest of the country.
Also, in June 2007, when the study was conducted, despite being a new product on the market, private pension was the first choice of Romanian employees in terms of extra-salary benefits offered by their employer, before private health insurance and life insurance.
Thus, 20.9% of the inhabitants of Bucharest and 19.1% of those living in the rest of the country opted for a voluntary pension offered by the employer in the extra-salary package, 17.7% from the Capital and 14.5% from the rest of the country would prefer private health insurance, while 8.8% of the employee in Bucharest and 12.4% from the rest of the country prefer life insurance. The MEDNET survey was based on two samples: one of 800 adults (aged 18-65) for Bucharest and a similar one for the rest of the towns with more than 100,000 inhabitants.
MEDNET Marketing Research Center is a Romanian company bringing together some of the best specialists in market research, statistics and IT. Starting with the 1st of May, this year, Media XPRIMM and MEDNET shall present to insurance and private pension companies regular market surveys analyzing and illustrating the trends on these markets and the clients’ view on the services they receive.
