Give extra reward, improve engagement, moral and reduce absenteeism
Helps you to recruit talent and retain your best employees
Dependant on scheme choices premiums might qualify for tax relief
Support to promote wellbeing and health
Insurer support to help get employees back to work
Access to legal help line and documents
Peace of mind for them and their loved ones
Employers are paying the premium
Not classed as a benefit in kind for most options
Increases their remuneration package
They’ll feel even more valued
In the event of a death claim the proceeds are paid out quickly
Various free benefits or discounts dependant on Insurer
How the schemes work:
Benefits can be structured around different levels of staff seniority
Most benefits require no medical underwriting
Joiners can be automatically accepted
There’s little to no administration
Everyone has access to a range of support services, for you the employer, and the employee
Offset premiums against your corporation tax bill
Death in Service
As an employee your family or beneficiaries will receive a lump sum of money should you die in service.
This covers you 24/7 and 365 days a year wherever you are. If your employed you are covered, even if you were on garden leave. Once employment is over then the cover finishes.
Registered Group Life
Provides a tax-free lump sum to the beneficiaries. Careful consideration before set up due to the Lifetime Limit Allowance.
Excepted Group Life
Provides a tax-free lump sum to the beneficiaries. This sits outside of pension legislation therefore you don’t need to consider the Lifetime Limit Allowance.
Group Critical Illness
A tax-free payment to your employee if they’re diagnosed with a serious illness or condition covered by the policy.
This means your employees can focus on getting better without worrying about their household or medical bills.
Features and Benefits:
Total Permanent Disability
Second Opinion Service
Group Income Protection
Income Protection provides rehabilitation and financial protection if an employee is unable to work because of long-term illness or injury.
Premiums paid by the company aren’t treated as a benefit in kind.
Different Types of debt you can cover:
Up to 80% of salary & dividends available
8, 13, 26, 28, or 52-week deferred periods
Limited payment periods of 2, 3 or 5 years or full coverage until retirement
Automatic acceptance limit for schemes with three employees or more
Pension contributions can be covered as well
Corporate Private Medical
Corporate Private Medical Insurance is designed for businesses who want to cover 250+ employees.
This ensures that if any of your employees need medical treatment, they won't have to wait weeks in NHS queues, and they won’t pay for any treatment either. Your employees get diagnosed and treated quicker, and the option of staying in a private hospital.
There are many different Corporate Private Medical Insurance policy types, which offer access to specialist medication and treatment, diagnostics, scans and surgical procedures.
You can claim money back, up to certain limits towards the cost of various areas of essential healthcare.
Incorporated within these plans are valuable health and wellbeing services. Dependant on the level of cover selected depends on the amount of money within a calendar year each employee can claim. Entry level cover starts from under £10 per person per month.
Claim for the following
Cover your kids
Call us on to speak to one of our advisors or
email firstname.lastname@example.org and we will get back to you.