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Group Income Protection
Income security that keeps your team protected and your business thriving.
What is Group Income Protection?
Group Income Protection is a policy offered to provide financial support to staff during extended absences from work due to illness or injury.
This insurance replaces a percentage of their salary, helping them manage everyday expenses and medical costs. It also benefits businesses by supporting a healthier, more secure, and more productive workforce.
Key Features of Our Group Income Protection Scheme
Our Group Income Protection policy is tailored to meet your business and employee needs, offering:
- Income Replacement: Covers up to 80% of an employee’s salary during long-term absences.
- Flexible Waiting Periods: Choose deferred periods starting from as little as 8 weeks.
- Employer Contributions: Option to include National Insurance and pension payments for complete coverage.
- Rehabilitation Support: Access to case management and tailored recovery plans to assist employees in returning to work.
- Inflation Protection: Benefit escalation options to protect payouts against rising living costs.
- Customisable Payment Terms: Choose limited periods (e.g., 2-5 years) or payments until retirement age.
How Does Group Income Protection Work?
Group Income Protection works by providing employees with a steady replacement income during extended absences while offering employers support services to manage claims and promote employee recovery.
- Consultation: We assess your business needs and recommend the best coverage options.
- Agreement: Together, we define the policy terms, including deferred periods and benefit levels.
- Data Collection: We provide you with a spreadsheet that helps you gather information about your workforce.
- Quotation: We provide you with several comprehensive quotes from leading insurers, allowing you to compare them and decide on a provider.
- Setup: Together, we complete the application process with full support from our team.
- Ongoing Support: You receive year-round assistance for renewals, claims, and updates.
faqs
How can we help?
We want you to have the simplest, easiest experience possible when choosing the right employee benefits. But we know you might have a few questions. Read on for more information here. If you still have questions, talk to us.
Why choose Group Income Protection?
Why income protection is important
What is Group Income Protection?
Why should employers offer Group Income Protection?
How does Group Income Protection work?
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Choose from our range of employee benefits, offering an affordable and scalable solution for your business.
