Group Income Protection

GROUP INCOME PROTECTION

Providing financial security for your employees.

Group Income Protection provides employees with ongoing income and rehabilitation support if they’re unable to work due to long-term illness or injury.

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We understand income protection

Give your employees financial security if illness or injury prevents them from working, while strengthening your employee benefits package and supporting long-term staff wellbeing.

Group Income Protection is a valuable employee benefit that provides financial protection if an employee cannot work due to long-term illness or injury. It helps replace a portion of their salary, giving employees peace of mind while they focus on recovery.

Rehabilitation and Return-to-Work Support

Most Group Income Protection policies also include rehabilitation and early intervention services. These services are designed to help employees recover and return to work safely, reducing long-term absence and supporting both employee wellbeing and business productivity.

FREQUENTLY ASKED QUESTIONS

What illnesses are covered under Group Income Protection?
Group Income Protection can cover a wide range of medical conditions that prevent someone from working, including:
- Cancer
- Mental health conditions
- Musculoskeletal problems
- Serious injury
- Long-term illness
The employee must meet the policy’s definition of incapacity to qualify for benefit payments.
How does Group Income Protection work?

If an employee becomes unable to work due to illness or injury and meets the policy’s incapacity definition, the policy will begin paying a regular benefit after the deferred period.

The deferred period acts as a waiting period before payments begin. Many employers choose a 26-week deferred period, although there are several options available depending on the needs of your business.

Once payments begin, the benefit can continue until the employee is able to return to work. Depending on the policy options selected, payments may also continue until the employee reaches State Pension Age.
What is a deferred period?

A deferred period is the waiting period between when an employee stops working due to illness or injury and when the income protection payments begin. Many businesses choose a deferred period of 13, 26, or 52 weeks, often aligning with their company sick pay policy.
How much income does Group Income Protection pay?

Most policies pay a percentage of the employee’s salary, typically between 50% and 75% of their income. The exact amount depends on the policy design and the options chosen by the employer.
What are the benefits of Group Income Protection for employers?
Group Income Protection offers several advantages for businesses, including:
- Supporting employee financial wellbeing
- Helping staff return to work sooner through rehabilitation support
- Reducing the cost of long-term sickness absence
- Strengthening your employee benefits package
- Improving staff retention and recruitment
How many employees do you need for Group Income Protection?

Group Income Protection is typically available to businesses with two or more employees, although minimum requirements can vary between insurers.
Is Group Income Protection a taxable benefit?

Group Income Protection premiums are usually paid by the employer and treated as a business expense for tax purposes. However, benefits paid to employees are normally subject to income tax and National Insurance, as they replace lost salary.