Page 25 - Turkinsurance Digital Magazine

22 at a glance 23

TSB Panel in Turkish Capital Markets Summit 300 thousand SMEs, their employees and their families will be insured

A significant project was initiated with the aim of offering
system will be subject to new discussions in the coming term. better healthcare services for small and medium sized en-
Yet, it is still possible to build a sustainable system that can be terprises, their employees and families of those employees
successful on a global scale if we can utilize our country’s poten- in Turkey. A special project was developed by Sigorta Cini,
tial accurately.” M. Selim Yazıcı, CEO and Chairman of TEB Demir Sağlık – a prominent name in the health insurance sec-
Asset Management who stated that social security provided by tor, and TOBFED (Turkish Federation of Automotive Main-
one’s family is regarded as a significant support in Turkey, but tenance Associations).
added that family support was no-longer enough for a person
considering that average life expectancy was getting closer to “TOBFED We Pay the Difference Complementary Health
100 and that we needed a sustainable economy and social secu- Insurance” will exclusively be offered to 300 thousand SMEs
rity system. “Non-existence of 2nd and 3rd step pension systems operating in Turkey and 1.5 million people employed by those
means both lower income and life standards, as well as longer SMEs, together with their families.
working periods and late retirement,” he said.

Sigorta Cini - investment of NN Group in Turkey, Demir
Underlining that active management requirement for pension Sağlık – a prominent name in the health insurance sector, health insurance is a huge opportunity for our colleagues who
Insurance Association of Turkey (TSB) organized a panel called funds will increase even further in the future, Yazıcı said, “Pen- and TOBFED developed a special product. work out in cold weathers and in contact with chemicals. We
‘100 is the New 60’ within the scope of Turkish Capital Markets sion funds in our country are managed successfully and bring aim to offer several advantages to TOBFED members with
Summit 2019. Moderated by the Journalist and Writer Noy- a return which is approximately 6 points higher than the infla- Within the scope of this cooperation, all TOBFED members this product that we developed together with Sigorta Cini and
an Doğan; the panel hosted Mustafa Akmaz, CEO and Board tion rate. There are also funds with lower returns, but finan- that consist of 300 thousand SMEs, 1.5 million employees Demir Sağlık,” said Serkan Bakırtaş, Chairman of TOBFED,
Member of Pension Monitoring Center, Olgun Küntay, Presi- cial consultancy is important at that point. Therefore, there are working in those SMEs and their families will be covered in his statement.
dent and Member of the Executive Committee of AXA Hayat ve no 0-profit funds; but accurate investment decisions need to be by “TOBFED We Pay the Difference Complementary Health
Emeklilik, M. Selim Yazıcı, CEO and Chairman of TEB Asset made. We may consider obligating licenses for people wishing Insurance”, which will pay for the difference that needs to be Viktor Hodara, General Manager of Demir Sağlık, stated
Management, and Uluç İçöz, Director at USHAŞ International to work in this area. Selling funds at different prices for corpo- paid in private health institutions that are contracted with the that they were happy to be able to support citizens all the
Health Services as panelists. rate customers, individual customers and short-term investors Social Security Institution. In order to benefit from this cam- time as an insurance company that is an expert in Private
may also increase the efficiency of fund management. We might paign, TOBFED members need to visit Sigorta Cini stores or Health Insurance, Complementary Health Insurance, Travel
The panel concentrated on Individual Pension System (BES) expand the market with more effective fund management and fill in and send a form on their website. Health Insurance, Foreign Resident Health Insurance, Emer-
and Auto-Enrollment (OKS) with discussions on the extension higher quality labor-force required to achieve it.” gency Health Insurance and Critical Illnesses Insurance with
of life expectancy, silver economy, demographic transformation “TOBFED We Pay the Difference Complementary Health In- more than 200 agents, a network of over 1800 contracted
and its impacts on insurance market, reforms in BES and OKS, Increasing elderly care costs create opportunities for surance” which is offered exclusively by Demir Sağlık will institutions and more than 150.000 happy policyholders.
impacts of reforms on pension funds, and Complementary Pen- Turkish insurance market provide special services and benefits to TOBFED members. Saying that all TOBFED members and their families can ben-
sion System. Within the scope of their policy, those individuals can benefit efit from ‘TOBFED We Pay the Difference Complementary
Uluç İçöz, Director at USHAŞ International Health Services, from examination and treatment services at private hospitals Health Insurance’, Hodora added that they offered health and
Olgun Küntay, President and Executive Committee Member of stated that in 30 to 40 years, Turkey is expected to reach the contracted with the SSI. The policy offers special opportu- life insurance solutions to leading companies of Turkey and
AXA Hayat ve Emeklilik, underlined that average life expectan- ageing level that Europe reached in about 100 to 120 years; nities such as family discount, age-independent prices, 5 in- citizens living all around the country. He underlined that they
cy increased:“ People over 60 currently accounts for 12 percent underlining the importance of taking precautions starting from stallments in cash price, 20 percent discount for renewals, raised the number of both corporate and retail customers;
of the population, but it will go up to 22 percent by 2050. With today: “The world spends 1 trillion USD for elderly care every and lifelong renewal guarantee. The policy has different plan and said they continued to grow as a brave and dynamic com-
regard to this demographic change, social security system also year; most of which is spent by developed countries where 20 options for different requirements and budget, including ‘in- pany that does the undone, tries the untried, and creates a dif-
needs to be reformed. Social security system should be support- percent of the elderly population reside. However, share of el- patient treatment’, ‘inpatient and 3 outpatient treatments’, ference in the market with its renewed vision and image. “Our
ed with private pension system and other systems that will in- derly care costs in GDP is expected to increase by 3.7 to 7.6 and ‘inpatient and 8 outpatient treatments’. Within the scope priority for the next term will be to launch requirement-spe-
crease savings.” points in the coming term. This is a serious cost for all coun- of package, 2.5 percent discount is applied for families of cific products like the TOBFED case and to ensure that large
tries.” two, while 5 percent discount is applied for families of three masses feel secure.”
Adding that BES and individual savings are addressed under and more. Policyholders who are older than 49 and complet-
different titles in the 2020 Annual Program of the Presiden- Underlining that Turkey has significant advantages in terms of ed 3 uninterrupted years as customers of Demir Sağlık ve Erdem Aydınlı, General Manager of Sigorta Cini, said: Health
cy, Küntay added: “Especially Complementary Pension System health tourism thanks to its location and competence, İçöz add- Hayat Sigorta A.Ş, will also earn the right for lifelong renew- is the most important but also the most neglected topic in
is of vital importance. Initiation of this system will mean that ed as follows: “Raise in elderly care costs means that treatments al guarantee if their premium rates remain below 80 percent. our country. In this regard, we have initiated a special pro-
2nd step pension system is implemented in Turkey in its fullest shift from expensive countries towards cheaper countries. Short ject with Demir Sağlık and included TOBFED members into
form.” and long-term products to be developed for those who will visit “We wish to support everyone working in all branches of au- the scope of our Complementary Health Insurance. We saw
our country for health tourism create opportunities that will in- tomotive post-sale services and their families with ‘TOBFED TOBFED as a suitable channel to tell people about Comple-
Mustafa Akmaz, CEO and Board Member at Pension Monitor- crease the profitability and fund size of Turkish insurance mar- We Pay the Difference Complementary Health Insurance’. mentary Health Insurance and its benefits, as it is an organ-
ing Center, stated that questions of the quality of life were also ket. Demographic transformation should be thought as a pack- Thanks to the campaign initiated in cooperation with Demir ization with 300 thousand SMEs and 1.5 million employees.
raised with the increasing average life expectancy; adding that age that includes retirement, long-term care and health for both Sağlık and Sigorta Cini, we offer numerous advantages for Sigorta Cini offers services with a multi-channel structure
those demographic changes also transform the saving and con- our country and the rest of the world.” TOBFED members within the scope of special packages. We through our stores, website and call center. Our website and
sumption habits. Underlining that retirement age of 51 in Tur- wish all our members can benefit from this campaign togeth- call center provide services 24/7, while we reach our custom-
key is below the average of OECD countries, he added: “Turkey At the end of the panel, M. Akif Eroğlu, Secretary General of er with their families. Because health comes first. If our car ers also through physical means with 41 stores in 19 cities.
is getting old, but our social security system is not ready for TSB, presented all the panelists with certificates of trees planted is broken, we can pay and get it repaired, but we do not have We believe that this special product will offer us a chance to
this. Considering the pace of population growth and increase in by TSB with the aim of improving forestry and greenery in our the same chance for our health. We should regularly get our- reach out to SMEs, their employees and the families of those
the average life expectancy, sustainability of our social security country. After that, they posed for a memorial photo-shoot all selves checked, even if we are not sick. This complementary employees.”
together.