Group Income Protection – Peace Of Mind For Your People
Group Income Protection is about giving peace of mind to your employees and their families. Should an employee find themselves unable to work for an extended period due to illness, they’ll receive payments to help them pay their bills until they are well enough to return to work.
What Would Happen If An Employee Falls Sick?
- How would a long period of sickness affect their life? Without protection, they may find themselves under great stress, which could hinder their recovery, delay their return to work and damage their future career.
- How could we help them return to their role after a long absence? Some insurers will offer rehabilitation and ongoing support to help people return to work.
- How do I measure the effects of long employee absences? Some schemes include software to help you manage the costs of absence and sickness.
- How long would my employee receive payments to support their loss of income? A deferred ‘waiting’ period is usual; support would start after a period of full sick pay – possibly up to 75% of their gross income may be paid over a fixed period or up to retirement.
Choosing The Right Policy
As a benefit, Group Income Protection offers financial security to your employees so they can recover from sickness without the added worry of losing their income. By reducing their worry, you could speed up their recovery, and see your employee return to full health and to your workplace.
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