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
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 do we work?
- Consultation: We assess your business needs and discuss 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.
Download Factsheet
Interested in this benefit?
Our team would be delighted to answer any queries you have about our Group Income Protection scheme or any of our employee benefit solutions.
FAQs
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.
Group Income Protection helps you provide a highly valued safety net for your employees, ensuring that they can focus on their health rather than worrying about financial problems. It delivers assurance that they are protected no matter what happens. This acts as a strong retention tool, encouraging your employees to commit to your company long-term.
Group Income Protection is important, because it gives your employees an income if they are seriously ill or injured and unable to work for a period of time. This gives them peace of mind, whilst protecting your company – you will be able to pay for a temporary replacement whilst ensuring that you are meeting your duty of care to your employees. Providing this cover for your team ensures they know you care for their wellbeing, which in turn builds loyalty and helps retain staff.
Group Income Protection is a long-term insurance policy provided by employers to offer financial security for employees who are unable to work due to illness or injury. It ensures that a portion of the employee’s salary is paid out during their absence, helping them maintain financial stability while they recover.
Employers benefit from offering Group Income Protection in several ways:
- Improved Employee Retention: Demonstrating a commitment to employee wellbeing increases loyalty and retention.
- Enhanced Productivity: Employees feel more secure, reducing stress and increasing overall workplace productivity.
- Return on Investment: The cost of providing Group Income Protection is often outweighed by the savings from reduced turnover and increased employee satisfaction.
When an employee is incapacitated and unable to work, Group Income Protection kicks in after a ‘deferment period’. The policy provides a percentage of the employee’s salary – up to 80% – until they can return to work, reach retirement age, or the policy term ends.