Critical illness protection
You can consider critical illness protection either for you as an individual or as a benefit for your employees.
What is critical illness protection?
An insurance policy that helps protect you if you become critically ill during the policy term. It pays out a tax-free lump sum that you can use to help cover health-related costs, monthly expenses, or lost income while you get better.
Monthly payments depend on a number of factors, including your age, the cover you take out, your health history and your job.
How does it work for businesses?
For employers, group critical illness insurance provides:
- An affordable, simple to set up employee benefit
- Part of an attractive benefits package, helping to recruit and retain high calibre staff
- Minimised pressure on you as an employer around how to provide financial support for your employees absent from work
- Tailored and flexible cover to suit your needs and business size
For employees, group critical illness insurance provides:
- Financial security, through a tax-free lump sum payment
- Peace of mind in times of uncertainty and worry
- The ability to fund necessary adaptations at home
- The ability to pay for private medical treatment to facilitate a return to work
Are you considering critical illness protection?
