Group Income Protection

Group Income Protection cover provides financial and rehabilitation support if an employee is unable to work because of a long-term illness or injury. It pays a percentage of the employee’s salary when they’re off sick, and we’ll help them return to work when they’re better.

As an employer, you decide who to cover and the amount of cover available.

Key features:

• Income protection for two or more employees
• Choose to cover up to 75% of employees’ salaries
• Cover for pension scheme and National Insurance contributions
• Easy to set up with simple yearly accounts
• Access to early intervention and rehabilitation teams, who’ll help you manage workplace absence.

• You choose who you want to cover, the amount of cover and how employees join the policy.
• You can choose the level of cover available by employee category.
• The age of entry and exit – typically 16 to 70 when the cover will end.
• You can choose to cover the pension and national Insurance contributions.
• You choose a deferred period – the length of time an employee must be off work before a claim can be made.
• The length of time the benefit can be paid – two years, full term or up to retirement.
• Once your policy is set up, the insurer will produce your accounts and invoice once a year using the updated employee data.
• You can pay monthly or annually.

In most cases employees can be covered with a simple actively at work requirement and no medical underwriting. Group Income Protection typically offers Free Cover Levels which vary dependant on the ages, incomes, and deferred periods of those covered. All employee’s below the Free Cover Level will not require any medical underwriting.