Employee Benefits

Group Critical Illness

Group Critical Illness

Providing for employees dealing with a critical illness.

A Group Critical Illness Insurance policy provides employees with a lump sum of money in the event that they are diagnosed with a serious illness or condition, regardless of whether they are off work or not. The payment is designed to help an employee with their expenditures.

Nothing in life is certain, and the diagnosis of a critical illness such as cancer or a stroke is a reality that many individuals have to face. With the right support, many people diagnosed with a serious illness are able to make a full recovery and return to work.

Group Critical Illness Insurance offers a ‘living benefit’ to employees, which is paid in the form of a one-off tax-free lump sum if a condition defined under the cover is diagnosed and survived for 14 days or more.

This ‘benefit’ can be used to help towards any expense they choose, such as treatment costs, nursing care, financial commitments or changes that their illness necessitates to their lifestyle or home.

With cancer affecting more than one in three people during their lifetime and about 2.3 million people living with coronary heart disease in the UK, it is little wonder that Critical Illness Insurance is highly valued by employees. 

By providing a Group Critical Illness benefit to a workforce, a business demonstrates that it cares about their employees and their welfare – the last thing anyone wants when they are ill is additional financial worries. 

The scheme eligibility and benefits provided can be tailored to suit the needs of the employer. This allows an employer can ensure that their Group Critical Illness offers peace of mind to employees and helps them to offer a well-rounded benefits package.

The lump-sum payment is tax-free for the employee and the premiums are classed as a P11D benefit for employers.

Please note: A Group Critical Illness policy will not pay a claim for any pre-existing conditions and also excludes associated conditions, such as critical illnesses or operations that are related to pre-existing conditions. 

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