Critical Illness Cover

This enables employees to access a cost effective way of insuring against the worst.

Critical Illness Cover

This enables employees to access a cost effective way of insuring against the worst.

The premiums are at a discounted corporate rate, and as employees are not charged National Insurance contributions on their value, they effectively pay less.

The benefit pays out a lump sum in the event that the employee is diagnosed with a qualifying critical condition and is available for both the employee and their partner, and any children aged between 1 month and 18 years.

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The annual cost is spread over 12 months and the employee saves NI on these. Cover amounts from £25,000 up to £250,000.

Sourced from leading UK providers. Tax free lump sum paid out if diagnosed with 1 of listed serious conditions or require 1 of listed procedures within policy term.

 

Employees can spend the money how they wish, to cover debts, pay medical bills, covering living costs, provide for dependents etc. Its much needed money at a time of crisis.

 

Cover amount paid out if employee survives for at least 14 days from when they are first diagnosed.

Additionally covers employee should they become totally and permanently disabled (not partner)

Do not cover pre-existing conditions. Most policies will only pay out once and cover stops when premiums stop being paid.

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“The scheme is proven and easy to adopt and has helped us create a best in class candidate experience not only attracting the brightest minds, but setting the scene for the employment experience they can expect at the firm.”

Donna Clark | HR Consultant| FBC Manby Bowdler