Group Income Protection

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Of the 20 million employees eligible for Group Income Protection, only around one in 10 have any such cover*. Both the human and the financial costs of this shortfall are enormous.

Approximately 168 million working days were lost to absence in 2004*. Sickness absence costs British Businesses £12.2bn a year, with the average cost of absence now standing at £601 per employee. *

An estimated 30% of reported absence are social and personal problems, not medical conditions.

Managing long-term sickness is a challenge and some companies choose to take on the problem themselves. But sickness is costing employers so much money each year, can your company afford to take on such a complex and demanding task without our expert help?

Income Protection is designed to help protect companies from the ever increasing rise in employee absenteeism.

So what are the benefits?

• Provide a continued income for sick and incapacitated employees who are unable to work.

• Help with employee retention and recruitment

• Provide access to tools to help an employer manage sickness absence and retain valuable skills and knowledge.

• Be used to protect National Insurance and Pension contributions

• Provide financial assistance at a reasonable cost

• Enjoy tax relief on contributions

• Encourage good employer-employee relations

The benefits the Employee receives are:

• Financial reassurance when it’s really needed

• Help and support during rehabilitation

• No benefit-in-kind tax penalties

• Additional cover for pension contributions

• Continued disability cover without further medical evidence

Please telephone 0845 30 50 222 for more information.