All Group risk articles – Page 18
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Article
EXCLUSIVE: Personal Group adds nurse advisory service to voluntary group income protection
Personal Group has added a nurse advisory service to its voluntary group income protection (VGIP) product.The Support product provides employees with a trained nurse via telephone support, referrals to other supporting organisations, and a home visit.Additional advice is also provided for family members affected by the incapacity.A clause has also ...
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Article
Buyer's guide to group income protection 2011
FOCUS ON FACTSWhat is group income protection?Group income protection pays a regular monthly benefit if staff are unable to work due to long-term sickness or disability. Standard schemes pay benefits until retirement date, but limited-term schemes pay for a maximum oftwo to five years, or sometimes up to 10 years. ...
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Article
Incisive Media to introduce income protection and bonus sacrifice
Incisive Media is to introduce an employee-funded voluntary income protection scheme and a bonus sacrifice arrangement.The income protection scheme will be administered by Unum. Emma Cutbill, benefits manager at Incisive Media, said: “We have been interested in introducing an income protection scheme for our staff for the past couple of ...
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Article
Aviva enhances group income protection product
Aviva UK Health has announced a series of enhancements to its group income protection (Gip) product.These include the introduction of a new escalation rate, which will see payments measured against the retail price index (RPI), and an employee assistance programme (EAP) and 24 hour GP helpline.Steve Bridger, head of group ...
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Article
Just 6% of employees covered by group income protection
Only 6% of the UK's working population are covered by group income protection (GIP), according to a roundtable report from industry body Group Risk Development (Grid).This accounts for 1.77 million employees out of 28.98 million.The roundtable summary also found GIP could save the government almost £4 billion per year.In light ...
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Article
Sanofi-Aventis changes group income protection providers
Sanofi-Aventis has switched group income protection (GIP) providers from Legal and General to Generali.The healthcare firm, which has 100,000 staff globally, said that it wanted a provider with a different, but strong, approach to customer service and claims management, which also met the needs of its multinational pooling scheme.Sanofi-Aventis staff ...
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Analysis
Group risk: Limited-term group income protection
If you read nothing else, read this . . .Limited-term income protection policies are a cheaper alternative to traditional products that pay through to retirement by offering a set payment period, such as two, three or five years.Premiums for limited-term products are, on average, 40-45% less for a plan that ...
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Article
Unum makes changes to group income protection products
Unum has announced a range of enhancements to its group income protection (GIP) products including the inclusion of an option that allows all costs associated with a worker being absent due to illness or injury to be covered under one policy.The provider's associated business cost option covers a range of ...
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Article
Buyer's guide to group income protection (April 2010)
Focus on factsWhat is group income protection? GIP is a form of insurance that provides a salary for staff who are off work with long-term illness or injury. It can also cover the drop in income for those who can only return to a lower-paid post. Traditionally, it is paid ...
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Article
Personal Group links with Bupa to offer voluntary group income protection
Personal Group has signed an exclusive agreement with Bupa to offer its voluntary group income protection (VGIP) product.Staff fund the premiums via salary sacrifice, creating tax and national insurance (NI) savings for employees, as well as NI savings for employers. Premium rates are, on average, 30% to 40% cheaper than ...