Group Income Protection

Income Protection contracts are designed to pay up to 75% of an employee’s income after a defined wait period if an employee is unable to work due to illness or injury.

The wait period can vary from 4, 8 or 13 weeks and policies have a payment period until the employee is fit enough to return to work or they reach their defined payment period – typically these can vary from 2 years, 5 years or through until age 65.

Implementing a Group Income Protection policy for employees enables all eligible employees to have cover up to high automatic acceptance levels without the need for underwriting, and provides cover to these maximums without exclusions or premium loadings for any existing medical issues they may have.