Allianz introduces electric car salary sacrifice scheme

Allianz salary sacrifice schemeInsurance firm Allianz has introduced an electric car salary sacrifice scheme for its more than 8,000 UK employees.

The scheme, which is provided by ElectriX, part of LV= General Insurance and CBVC Vehicle Management, is available to all employees. They can choose between electric and plug-in hybrid cars, while the cost of the lease is calculated monthly and deducted from their gross salary through payroll.

Through the scheme, Allianz employees can also access a bespoke portal to research the cars available, reviews and mileage bands, fixed cost motor insurance for three years, lifestyle protection if their circumstances change, and an all-inclusive approach combining home charger, servicing, maintenance and breakdown cover.

Julie Harrison, chief HR officer at Allianz UK, said: “We are always looking at ways to improve our employee offering to make Allianz a fantastic place to work and this scheme is particularly important as it combines our role as an employer and insurer. Unlike a personal lease, there is no upfront deposit or credit check required so the scheme removes upfront costs and opens up a wealth of choice. We know it’s something our people have been looking forward to and is a big milestone on our new benefits roadmap.”

Other employee benefits offered by Allianz include a minimum of 22 of annual leave plus bank holidays, along with an additional day for birthdays, enhanced maternity and paternity leave, flexible-working arrangements, professional mental health support, health and wellbeing support,discounted insurance products, retail discounts, holiday buy and sell, annual business and performance-based bonuses, pension contributions and life cover worth up to four times a salary.