Group Income Protection
Group Income Protection (or Permanent Health Insurance), provides a replacement income for an employee on long-term sick leave and could enable the company to fund a temporary replacement, if required. Group Income Protection protects the company as well as the employee, as the associated financial burden is negated.
Key features and benefits:
- Covers the cost of long-term employee absence
- An extensive range of products and benefits available
- Can provide finance for substitute employee salaries
- Financial peace of mind in the event of an employee being incapacitated
What you need to consider:
The benefit of a GIP Plan is to provide a percentage of salary – after a pre-determined period, should an employee be injured or debilitated through illness and unable to work on a temporary or permanent basis.
The company benefits from knowing the cost of long-term employee absence is covered and employees benefit from having financial security.
Group Income Protection is a specialist area, with an extensive range of products offering differing benefits, policy terms and conditions. Let one of our experienced advisors guide you through this complicated arena to find a plan that’s tailor-made for your organisation.
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We'll use our experience to get you the right cover at the right price for your policy.
Our intermediary for over 15 years
Using SJA has enabled us to achieve an in-depth review of the available products and a substantial cost saving!
