Prévoyance is the life insurance plan available to all employees of PayPal France SAS, PayPal SE, and PayPal SE EU. This is a mandatory plan for all employees. You cannot opt out from life insurance unless your employment ends (you must be insured throughout your employment).

You are automatically covered as soon as you start your employment with PayPal. All you need to do is send the Beneficiary Form directly to Generali if you wish to appoint someone as your beneficiary in case of your death. This is usually done at the start of your employment.

The company pays 50% of the premium for employee and dependant cover.

Life insurance

• Single, divorced, widowed without dependent child: 250% of annual salary
• Married: 300% of annual salary
• An additional 50% of annual salary for each dependent child

Accidental death

• Additional 100% of the death benefit

When you’re first hired by PayPal and automatically enrolled in the plan, you should submit the Beneficiary Form directly to Generali if you wish to appoint someone as your beneficiary in case of your death.

Otherwise, the contractual designation clause will apply in the absence of a specific beneficiary designation, in the following order:

• Not legally separated spouse
• Civil partner
• Children, in equal shares among them
• Father and mother of the insured or one of the surviving parents, in equal shares among them
• Heirs of the insured