Allianz Holdings announces UK employee EV salary sacrifice scheme

Authored by Allianz

As part of its new rewards and benefits roadmap Allianz Holdings has unveiled an electric vehicle (EV) salary sacrifice scheme for its UK employees.

The dual-branded partnership, offered  by ElectriX (part of LV= General Insurance) and CBVC Vehicle Management is available to all employees, who are given the option of electric and plug-in hybrid vehicles. For each employee the cost of the lease is calculated monthly and deducted from their gross salary through payroll.

In addition to the choice of cars the new scheme also provides:

• A bespoke portal to research the cars available, reviews and mileage bands
• An all-inclusive approach combining home charger, servicing, maintenance and breakdown cover provided bu LV= Britannia Rescue
• Fixed cost motor insurance for 3 years
• Lifestyle protection if circumstances change

Guy Spence, managing director, ElectriX commented:

“We’re so excited to have launched this scheme for Allianz employees. Sustainability is at the core of our business and by offering nearly 8000 people the opportunity to move to an EV is a huge step forwards in managing our own ‘grey’ fleet.

Both Allianz and LV= insure EVs so this is a very natural extension of our aims as a commercial and personal lines insurer. It’s also a great addition to our employee benefits as a cost-effective way to introduce EV ownership. We’ve been touring our branch network as part of the launch and the initial feedback has been terrific.” 

Julie Harrison, chief HR officer, Allianz UK  commented:

“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.”

Mike Manners, managing director, CBVC Vehicle Management added:

“The CBVC Vehicle Management team is very excited to launch the salary sacrifice scheme for Allianz. Salary sacrifice offers such a brilliant option for both employers and employees and makes an electric car an affordable option. Introducing salary sacrifice at this scale, means that together we can make a real difference to the environmental, social and governance agenda and reduce carbon emissions.”