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.

Life assurance explained

Life assurance explained video

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.

Maximum policy size

No maximum.

Scheme options

Legal & General Registered Group Life Mastertrust.

Legal & General Relevant Life Mastertrust.

Employer’s registered scheme.

Employer’s excepted group life scheme.

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.

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.

Employee eligibility

All employees, or those that fit predefined eligibility definitions.

Cover for equity partners and LLP members that fit predefined eligibility definitions.

Age range

Between 16 and 75.

Joining dates

As soon as the employee becomes eligible, or monthly or annually.

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.

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.

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.

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.

Man drinking coffee

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.

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.