Incentives for employees

Retirement bonuses

Satisfy your employees

What is the Retirement bonus insurance?

This insurance lets you manage commitments entered into with your workers with regard to retirement bonuses. It is an insurance which adapts itself to the specific needs of each company, regardless of its size, and offers employees an additional payment - a bonus - when they retire.

Advantages of this insurance

Retirement bonuses are perfect for motivating your employees, complementing their income with a capital when they retire, while being an excellent loyalty tool.

Meet your commitments

The retirement commitments acquired by companies with their employees must be outsourced, that is, managed professionally and independently by an insurance company. This avoids any company using the funds inappropriately in crises or downturns.

Build up your employees' loyalty

You will be providing your employees a financial supplement when they retire to add to their corresponding remuneration, so they can maintain a similar standard of living to the one they had during their working life.

Capital recovery

You will recover any accumulated capital corresponding to the employees that leave the company, for whatever reason, before their retirement.



This is an insurance linked to retirement, so that the amount will depend on what is laid down in the collective agreement or the in-house agreement or undertaking entered into by the company with its workers.

Practical information

Most companies collect an incentive for their employees in their collective agreements, known as retirement bonuses. They offer a certain number of monthly salary payments that the worker will receive in the event of retirement. 

The law requires that these pension commitments be externalised as a guarantee of compliance for employers and employees. This regulation prohibits the company from covering these commitments through its own internal funds, in order to avoid the risk of illiquidity at the time of the worker's accrual. 

The amounts that employees will receive will depend on what is indicated in the corresponding collective agreement and will vary according to the age of the worker. 


Retirement bonuses are incentives that companies take out for their employees to meet the provisions established in collective bargaining agreements and as a supplement to their remuneration when they retire. The company is the policyholder. Therefore, it will be the only party that receives any information about the policy and the party that pays the premium. 

The beneficiary of retirement bonus insurance depends on whether the conditions established in the contract are met or not. If the agreement is met, the insured person (employee) will receive the stipulated capital. If the agreement is not met, the policyholder (company) may exercise its right to recover the constituted capital. Lastly, the company will be reimbursed the premiums in the event of the insured party passing away. 

The economic rights of this type of insurance will correspond to the policyholder (company) throughout its validity. 

The policyholder has full control of the policy, as it is the party that informs the insurer if the insured party has met the commitment agreed with the company for them to be paid the corresponding capital. 

Therefore, the employee will have no economic right if they leave, the employment relationship terminates or the agreement is not met before the policy's expiration date. 

Why take out Retirement bonus insurance?

Personalised Customer Service

Tax benefits

High flexibility