Group Income Protection

The benefit the employee is covered for must not exceed £350,000 a year.

Employer and employee pension contributions can also be covered, up to a total of £75,000 a year.

The total of an employee’s benefit plus their pension contributions, cannot be more than 80% of their scheme earnings.

Employer NI contributions can also be covered.

Plus, we offer an integrated option where the amount we pay is offset against state benefits.

Choose different benefit levels for defined groups of employees.

Benefits can be paid up until the benefit termination age or of a maximum of 2, 3 or 5 years.

Typically, up to £120,000 benefit per annum can be covered without the need for medical underwriting. The limit depends on the size of the policy and the benefit choices.

Employees will be medically underwritten if their cover is above the free limit. Temporary cover of up to 90 days is available during medical underwriting, subject to conditions.

No escalation

A fixed rate of up to 5% per year

RPI subject to a maximum of 2.5% or 5%

CPI subject to a maximum of 2.5% or 5%

Own occupation – an illness or injury prevents the employee performing duties essential to their role.

Suited occupation – an illness or injury prevents the employee doing all jobs that are suitable to their experience, training or education.

We also offer own occupation switching to suited occupation. Bespoke requirements can also be considered.