Financial, emotional and practical support for an employee’s loved ones
Group life insurance
Pays a lump sum, or a dependants’ pension to the family of an employee who dies whilst covered by the policy. Additional emotional and practical help provided free through our range of wellbeing services.
Be well
Employees get access to a comprehensive health and wellbeing toolkit to help them with a range of topics and issues whilst supporting you to manage absence rates.
Get better
Bereavement counselling available for family members together with access to legal, medical and financial information from qualified experts.
Be supported
A simple and fast claims payment service means payments are usually made within five working days of a claim being agreed.
Life assurance explained
Key documents
Specimen documents for your client’s group life assurance scheme
Product details
| Minimum policy size | From 3 employees for lump sum Group life assurance policies using ONIX. |
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| Maximum policy size | No maximum. |
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| Scheme options | Legal & General Registered Group Life Mastertrust. Legal & General Relevant Life Mastertrust. Employer’s registered scheme. Employer’s excepted group life scheme. |
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| Amount of benefit | Multiple of earnings or a fixed lump sum of up to £10m. Employers can choose to insure all or part of the benefit payable to employees. Different levels of benefits can be chosen for defined groups of employees. |
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| Free limit | This is the maximum amount of cover we can provide before we ask for medical underwriting. Up to £1.8m depending on policy size and benefit choices. |
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| Employee eligibility | All employees, or those that fit predefined eligibility definitions. Cover for equity partners and LLP members that fit predefined eligibility definitions. |
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| Age range | Between 16 and 75. |
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| Joining dates | As soon as the employee becomes eligible, or monthly or annually. |
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| Premium payments | Can be made monthly or annually. No minimum premium. ONIX policies covering up to 500 employees can be offered a 3-year unit rate guarantee. |
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| Cover during temporary absence | If employee is absent due to illness or injury, we’ll continue cover up to the maximum age as long as they remain eligible for cover. If employee is absent for another reason, such as sabbatical, we’ll continue cover for three years. If earnings reduce during absence, an employee’s cover will remain at the level they had before their absence. Options to help protect towards the impact of inflation and for different durations, plus maintain cover for up to 24 months after redundancy are also available. |
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| Medical underwriting | We can usually cover most employees without needing personal health details. However, there will be times when we need to ask employees about their health and hobbies to help us decide if we can cover them. If your client is switching their existing insured scheme to us, we can usually cover the employees their previous insurer had already underwritten. |
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| Claims history discount | We consider past claims history when working out the unit rate. A good claims history usually means the premiums will be lower than for a bad claims history. |
Get a quote
Suitable for Group Life Assurance and Group Income Protection schemes insuring from three employees upwards.
Wellbeing support
Keep employees well with active wellbeing management through our comprehensive Employee Assistance Programme. Available to all employees even if the policy doesn’t specifically cover them, this comprehensive support is accessible 24 hours a day, 365 days a year.
Make a claim
Once we’ve received all the relevant information and the claim is accepted, our experienced claims team aim to make a lump sum payment within five working days or start dependants’ pension payments at the next agreed payment date.
Need help?
Adviser toolkit
Extensive resources in our Be well hub, plus support to help employers communicate the benefits and wellbeing services to their employees as well as material to support for small and medium sized businesses.
Document library
Literature and forms for our group protection products in one place.
Our products
Group Life, Group Critical Illness and Group Income Protection for businesses large and small.
Contact us
Adviser queries
0345 026 0094
Lines are open from 9am to 5pm Monday to Friday.
We may record and monitor calls.