Jelf Employee Benefits is focusing its international business with the launch of Jelf International. While Jelf currently provides international support, this new business will be a stand-alone entity rather than a supplement to its UK benefits consultancy.
Jelf International has been created in response to the growth and increasing complexity of international employee benefits, explained Jelf in a release. The aims of the new business are to emphasise the range of holistic options available to employees, broaden the range of products available, and underline the importance of specialist international advice.
Jelf International will offer four pillars of support for clients – well-being, corporate audit, international coverage, and the Jelf Umbrella Scheme. These can be accessed individually or as a whole.
As well as standard iPMI, Jelf International will also work with dental insurance, health screening, employee assistance programmes, income protection, critical illness and travel insurance. As part of the well-being pillar, clients will be able to access legal and tax advice, wills, global savings and kidnap and ransom protection.
Jelf International will continue to offer a full company audit for clients with more complex requirements, aimed at striking a balance between managing costs and providing appropriate benefits.
Although Jelf International is a whole-of-market intermediary, meaning it will broker deals with providers for individual clients, it has agreed an exclusive umbrella scheme underwritten and provided by Bupa.
This pooled arrangement is designed to benefit low-risk clients and smaller groups, who may not normally have the power to negotiate preferential pricing or have access to such expertise and scheme flexibility. Medical history is disregarded (MHD) for even just one employee, which makes it quick and easy to add smaller groups of employees to the scheme, Jelf said.
Doug Rice, director of Jelf International, said, “Many businesses are seeing international trade as the best and fastest way to recover from the economic doldrums in the UK.
“With this in mind we needed to respond with an international benefits solution that meets the requirements of larger well-established employers who need to fine-tune their international benefits as well as provide support to smaller businesses looking to dip their toes into international waters for the first time.”