Insurance

Insurance

Group Life Cover

A type of term insurance, also known as death in service benefit, which an employer may offer to their staff.  It is set up by your employer to cover you whilst you are employed within their organisation. If you die, death in service benefit pays out a lump sum to your family or next of kin.  The lump sum is usually based on a multiple of your salary. 

Group Critical Illness

Critical illness cover provides a lump sum benefit in the event of you being diagnosed with an insured critical illness.  It is set up by your employer to cover you whilst you are employed within their organisation.  The benefit is usually based on a multiple of your salary and covers specific serious illnesses.

Group Income Protection

Group Income protection provides an income to an employee when they are unable to work as a result of an illness or injury.  Payment usually starts after a set waiting period, normally six months, and can continue until the employee returns to work.  Limited term policies are also available that provide benefits for a set period of time e.g. 2 years.

Insurance

Insurance

Group Life Cover

A type of term insurance, also known as death in service benefit, which an employer may offer to their staff.  It is set up by your employer to cover you whilst you are employed within their organisation. If you die, death in service benefit pays out a lump sum to your family or next of kin.  The lump sum is usually based on a multiple of your salary. 

Group Critical Illness

Critical illness cover provides a lump sum benefit in the event of you being diagnosed with an insured critical illness.  It is set up by your employer to cover you whilst you are employed within their organisation.  The benefit is usually based on a multiple of your salary and covers specific serious illnesses.

Group Income Protection

Group Income protection provides an income to an employee when they are unable to work as a result of an illness or injury.  Payment usually starts after a set waiting period, normally six months, and can continue until the employee returns to work.  Limited term policies are also available that provide benefits for a set period of time e.g. 2 years.

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