Wix Made Easy
Begginers Menual
Social benefits
On your first few days here our agent will contact you in order to set up a meeting to discuss all of your social benefits. With any questions, please feel free to call our insurance agency – Amnon Gur at 03-6142121
Managers Insurance
Private Health Insurance
The Education fund is a six years savings program, where both the employee and employer deposit funds on a monthly basis, with the amount depending on the employee's salary level. Employers' contribution to the Education fund, within the set limit, is exempt from tax - a tremendous advantage over any other savings plan, especially with the growing increase of marginal tax rates applicable to employees. Wix deposits 7.5% for every 2.5% deposited by the employee.
The main difference between the Education Fund and the Pension Fund and/or the Managers Insurance, is that it does not provide insurance, it merely accumulates funds in your account.
The education fund can extend a loan to an employee who has deposited funds for the past three consecutive years. The loan can value up to 50% of the total savings in the fund, for a period of up to five years, without the need for guarantors.
"Managers Insurance" is an employee insurance pension and savings plan, in which the employee, the employer and insurance company are all partners. On a monthly basis both the employee and employer deposit funds with the insurance company towards the employee's pension insurance, in accordance to the amount agreed in the policy. The Executive Insurance usually includes three elements: Life Insurance, Work Disability Insurance and Pension Savings. The Managers Insurance is a flexible scheme, molded to the needs of the employee, the policy of the employer and wages. The amounts deposited can be revisited and changed (if necessary) from time to time depending on family status or an increase in your salary, subject to the terms of the policy. In some organizations, the policy conditions are set according to the pension conditions agreed between the insurance agency and the organization, regarding its employees. Since the insurance agreement contains three different elements, the funds are managed by the insurance company in diverse investment channels. The increase in savings (return) depends on the profits of the investment portfolio of the insurance company. Managers Insurance provides the possibility to increase the amount of the savings and the insurance according to fluctuations of your wages, with the added benefit of changing the names of the beneficiaries in case the insured employee passes away. The Insured employee’s rights, and that of its beneficiaries, are protected from lawsuits against the employer.
The National Health Insurance Law gives all citizens the right to receive the basic health insurance services basket provided by the health insurance via "Kupat Cholim". Private health insurance will allow you to deal with situations of illness or poor health by providing you additional means of receiving your required treatment, beyond the basic health insurance coverage and the supplemental insurance coverage of the "Kupat Cholim", quickly and by the best doctors.
And, should you require surgery or become in need of long term nursing care - it is important for you to be able to secure the best treatment, provided by the best doctors, without being subjected to typical waiting times.
According to the policy type and the insureds choice, the following can be covered:
•Private operations in domestically and overseas.
•Transplants and special treatments overseas.
•Medication that is unavailable in the standard health basket.
•One-off payment in compensation for a severe illness.
•Consultations with specialists.
•Imaging tests.
•Pregnancy related tests for women.
•Compensation for plastic - cosmetic surgery.
•Compensation for laser treatment correcting Myopia.
•Compensation for surgeries performed in a public hospital.
•Operations carried out with new technologies.
•Complementary medicine treatments.
•Special surgical dental treatment
•Private Doctor visits, 24 hours a day.
Education fund