Group Critical Illness Cover pays a tax-free lump sum directly to your employee should they suffer any of a list of defined medical conditions or surgical procedures, classified as critical illness events and survive for 14 days or 6 months in the event of Permanent Total Disability.
The lump sum can be used by the employee to help ease some of the financial problems that will inevitably occur, such as maintaining mortgage payments, making adjustments to the home and accessing treatment, often helping them to return to work sooner.
Group Critical Illness insurance is an increasingly popular, affordable employee benefit which can help employers recruit and retain key staff. Cover can be put in place simply and quickly for as little as £750 (minimum premium). The provision of Group Critical Illness is a great starting point for smaller businesses wishing to provide some form of protection for their staff, but who are unable to stretch their budgets to broader income protection solutions.
For larger organisations, it is an attractive and complementary addition to Group Income Protection and Group Life insurance products to form a complete income protection package for employees.
The features
Types of cover available
Who benefits?
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