Group Income Protection is designed to provide a guaranteed percentage of income for an employee should they become incapacitated through illness or accident.  This will continue to pay an income while the person remains employed through the company up to the normal retirement age set by the scheme or until a time they are deemed well enough to return back to work.  Benefits are based on a percentage of salary up to 75%, less the statutory sick pay and with a deferred time period before the policy will start to pay out, a minimum usually of 13 weeks.

Group Income Protection helps employers manage long term sick pay within the company.  This will provide an income to the employee, therefore providing valuable financial reassurance at a difficult time.  Also, many insurers provide a range of additional benefits providing absence management through rehabilitation specialists and employee support programmes which aid in the employees return back to work.

Benefits can also include national insurance contributions, pension contributions, bonuses and built inflationary increase in the benefits.

Generous free cover levels are usually given allowing for minimal or no medical underwriting.

The usual minimum requirement for a group policy is 5 employees.

If you would like further information then please contact us on 01858 434422.