Login icon Login
Phone icon +852 5803 6615

Self-funded insurance plan / self-insured plan

HR Glossary

Self-funded insurance plan / self-insured plan

An insurance plan which sees the company have an in-house fund for insurance payouts, rather than paying premiums to an external vendor. This can reduce costs, but also increases risk to solvency in the event of large payouts.

< Back to Glossary Terms

 

We will always respect your privacy. We will treat your personal details with the utmost care, and will never sell your information to any third parties. If you choose to receive occasional updates and advice on how to grow your business you can unsubscribe at any time. View our Privacy Policy here.