Zurich paid out on over 97 percent of its new group income protection claims last year with employees benefitting from annualised payments averaging £37,900. Announcing its GIP claims rates for the first...
The Government should rethink its cut to bereavement benefits and employers should be given fiscal incentives to offer group income protection says Baroness Altmann. Altmann’s call for a rethink on bereavement benefits...
GIP insurer’s early intervention and rehabilitation services are now returning more than one in four workers back to work, according to industrywide group risk statistics published today. Group Risk Development’s GIP return...
Group income protection could be the key to promoting the Government’s aim of greater investment in employees’ health and wellbeing, Disability minister Penny Mordaunt MP told a debate in Parliament yesterday. Speaking...
A modest investment in a financial incentive for employers taking out group income protection would deliver the Government a substantial return says Zurich head of market management, corporate risk Nick Homer The...
A £30 per employee flat rate reduction in National Insurance could see a further 1.5m UK workers covered by group income protection and save the Government £220m over 5 years, says the...
Actual and perceived costs are the main barriers to employers offering group income protection (GIP), with awareness of the product and incentives key to increasing coverage, research from Group Risk Development has...
Group income protection is extending its reach into lower income groups within the workplace with more than half of workers covered now earning less than £40,000 a year, according to figures from...
NI incentives will help to boost group income protection, but improving employee awareness of the value of the benefit will be key says Broadstone risk and flexible benefits client relationship director Nick...
The position of excepted group life policies (EGLP) and group income protection schemes have been thrown into question by a lack of clarity in the Finance Bill released last week. Experts say...
