Mercer is the global leader for trusted HR and related financial advice, products and services. Mercer is a wholly owned subsidiary of Marsh & McLennan Companies and Mercer’s global network of 17,000 employees, based in more than 40 countries, ensures integrated, worldwide solutions. Mercer consultants help clients design and manage health, retirement and other benefits and optimize human capital.

Since 2007 Marsh Latvia represents Mercer Employee Benefits practice (Mercer EB) in Latvia as a result of Marsh and Mercer cooperation. Mercer EB provides consulting on insurance related HR issues.

Employee insurance

In Latvia there are tax allowances available if employer purchases health, group accident or life insurance policy for the benefit of the employees.

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Please see what insurance products are serviced

through Mercer in Latvia!

Health insurance

Group accident insurance

Travel insurance

Life insurance

Insurance with savings

Supplementary insurance options

Health insurance

Health insurance policy provides repayments for the medical expenses and prophylactic health procedures. Options for health insurance cover are:

• patient fee;
• outpatient and/or inpatient paid care;
• purchase of medicine;
• dentistry;
• purchase of optics;
• sports (swimming pool, gym, aerobics);
• open policy.

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Group accident insurance

Group accident insurance provides defined insurance benefit as a compensation for the fact of accident the insured person has suffered. The insurance benefit depends on what is the sum insured no matter what is the calculated loss. Options for group accident insurance cover are:

• death as a result of an accident;
• disability as a result of an accident;
• bone fractures and/or traumas as a result of an accident;
• indemnity for medical expenses as a result of an accident;
• daily allowance in case of temporary disability as a result of an accident;
• daily allowance in case of hospitalization as a result of an accident.

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Travel insurance

Travel insurance covers unpredicted expenses caused to insured person while traveling outside person’s home country. Options for travel insurance cover are:

• medical expenses;
• personal accident;
• private civil liability;
• delay, loss or damage of baggage;
• legal assistance;
• cancellation or postponement of a trip;
• delay of a flight.

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Life insurance

Life insurance provides insurance benefit in case of death of the insured person. Insurance benefit depends on what is the sum insured and it is paid out to one or several beneficiaries chosen by the insured person.

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Insurance with savings

Life insurance with accumulation of funds is a combination of traditional life insurance and accumulation of funds with opportunity to have guaranteed profit or to invest in funds. There are very significant tax allowances for life insurance with accumulation of funds if the insurance contract term is at least 5 years. Employer makes contributions for the benefit of the employees and the premium for the life insurance is deducted from these contributions. At the end of the insurance period employee will receive the accumulated sum and the profit. In the event of the insured person’s death both sum insured and accumulated sum with profit is paid out to one or several beneficiaries.

Pension savings through life insurance policy is a way to secure a private pension in addition to State’s old age pension. There are significant tax allowances available and life insurance cover is also provided for whole term. The benefit can be paid out as:

• life-long pension annuity;
• life-long pension annuity with a guaranteed payout period;
• pension annuity for a fixed period;
• lump sum.

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Supplementary insurance options

Dread disease insurance provides defined insurance benefit in case if symptoms of some dread disease occur. Dread diseases are infarctus of the myocardium, stroke, cancer, kidney failure and other diseases or surgeries.

Permanent disability insurance provides insurance benefit in case of permanent disability as a result of sickness if the sickness has been diagnosed during the insurance period.

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