For standard group protection schemes, we don't normally need to be told about individual new entrants to the scheme as long as they:
Contact us if you are unsure or if the employees do not meet the criteria above.
Employees joining the scheme ahead or later than the eligibility requirements will need to complete a Group protection discretionary entrant application for cover (PDF: 112KB) , unless they join within the period described under 'early entrant' and 'late entrant' in the technical guide.
If the employees of the new company are to be covered by the policy, we need to be told in advance so we can assess:
We'll also ask you for details of the workforce
We also need to be told about other changes including:
We normally guarantee premium rates for two years (or a period agreed at the quote stage). The guarantee ceases to apply if:
Around six weeks before the annual renewal date, we’ll send a renewal pack asking for information about the members and benefits covered, together with a request for a deposit premium so that cover is maintained during the renewal process.
Based on this information, we’ll produce an account for the year ahead and make any adjustments for leavers, joiners and salary increases in the previous scheme year. We’ll also request medical evidence for any members who’s benefit level is over the free limit and any late or discretionary entrants, that we don't already know about.
Our rates are normally guaranteed for two years and then we’ll carry out a rate review. This takes into account various factors of the policy that we use to calculate the premium and allows us to check that they are still appropriate.
The rate is likely to be recalculated if the membership or aggregate benefit differs by more than 25% since the last renewal.
Before the end of the guarantee period, we’ll send a reminder pack and a form asking for the following information:
Group life assurance and dependants’ pensions is also referred to as death in service benefits. They pay a lump sum and/or a regular dependant's pension if a member dies in service.
An event limit is the maximum amount we will pay out on one ore more policies if a catastrophic event was to occur, such as a terrorist attack.
Tele-interviews allow a quick and easy way to capture all the necessary medical information that we require. They often allow us to make a decision faster than if a member’s declaration form is completed.
It's provided at no extra cost.
ONEderwriting is a medical underwriting process where we will medically underwrite once and then in most cases never again.
We may record and monitor calls. Call charges will vary.
Early intervention and rehabilitation for members who are absent from work because of a long term illness or injury.