Group Income Protection is designed to cover a proportion of an employee's salary should illness or accidental injury prevent eligible employees from working.¹

Why do I need Group Income Protection?

Group Income Protection offers both the employer and employee peace of mind. When you consider the following statistics the need for Group Income Protection cover is clear:

• Approximately 168 million working days were lost to absence in 2004². Sickness absence costs British businesses £12.2bn a year², with the average cost of absence per employee being £601 per year³.
• Of the working population in Britain, over 2 million people have been claiming State Incapacity Benefit for more than six months†.

Group Income Protection:

• means you can provide your eligible employees with a regular income should illness or accidental injury prevent them from working¹
• can help your bottom line by providing income towards the cost of employee sickness absence
• can also give you influence over budgeting for staff sickness, absence rates and information on rehabilitation
• provides a high-value benefit and peace-of-mind to attract and retain experienced employees
• can cover your National Insurance and Pension contributions and your employees' Pension contributions
• can cover all employees or just a particular category of employee

Further Details

Calls may be monitored and/or recorded.

¹ Some types of illness and injury are not covered
² CBI Absence Survey 2005
³ CIPD Annual Survey Report 2005
† National Statistics Annual Abstracts of Statistics 2005

This is a summary. Full details of standard cover and exclusions can be found in the Policy wording, a specimen copy of which is available on request. Non-standard terms may apply. Applications are required. Calls may be monitored and/or recorded.