A tax-free cash lump sum for your employees when they need it most.
Group critical illness cover can be a valuable staff benefit that provides a tax-free cash lump sum if your employee has been diagnosed with a specified serious illness or condition, for example cancer, stroke or multiple sclerosis. This could happen more than you may think.
The cash lump sum is designed to help ease employee's financial concerns to pay bills, cover the costs of trips to the hospital, specialist treatment or modifying their home, leaving them to concentrate on recovering.
- Pays up to £500,000 maximum benefit level or five times scheme earnings (whichever is less)
- Covers most major conditions as standard and more can be added but there are some exclusions
- Automatically covers children of your insured employees at no extra cost
- Is easy to set up - most employees can be covered without needing medical underwriting
- Includes extra staff benefits - through our worklife solutions health and wellbeing toolkit, employeed will have access to a comprehensive employee assistance programme. This is available to employees we aren't covering too. Find out more about our Worklife Solutions.
We'll continue to provide cover and pay any valid claims as long as the policy terms are met. You can find when we will and won't pay claims and a glossary of terms, in our
technical guide (PDF: 338KB)
. In particular, please read about pre-existing and related conditions exclusions.
Benefits for employers
- Flexible value for money benefit - you can choose core or additional cover for your employees and also their families
- A valuable financial safety net that can help you attract and keep the right staff
- Support from dedicated team to help you every step of the way
- Available to small or large employers who want to cover at least 10 employees
- Can be offered as a standalone benefit or provided under our voluntary plan or flexible benefits policy
- Cover can usually be provided for less than 0.5% of payroll depending on the level of cover and benefits chosen, and premiums can be offset against profits for tax purposes