Group critical illness

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Critical illness

A group critical illness policy offers financial security to employees. If a member is diagnosed with a covered illness, they receive a lump sum payout for medical expenses and more.

Protect your employees' health and well-being with critical illness

What is group critical illness?

 

A group critical illness policy is designed to offer financial security to the employees of a company or organisation. If a group member is diagnosed with a critical illness listed in the policy, the plan provides a lump sum payout. The individual can utilise this benefit to cover various expenses, such as medical treatments, rehabilitation, or any other financial responsibilities that may arise during their illness.

Benefits for employers of having a group critical illness scheme in place

  • Enhanced Employee Retention: By offering a group critical illness policy, companies demonstrate a commitment to employee well-being, fostering job satisfaction and loyalty, which aids in retaining valuable talent within the organisation.
  • Improved Employee Morale: Critical illness coverage provides peace of mind to employees, reducing stress and boosting overall morale, leading to a more positive and productive work environment.
  • Better Recruitment Prospects: Including a comprehensive benefits package, such as a group critical illness policy, makes the company more attractive to potential hires, giving it a competitive edge in the job market.
  • Cost Savings: Group critical illness policies can be cost-effective when purchased in bulk, enabling employers to provide valuable coverage without incurring excessive expenses.
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  • Reduced Absenteeism: Financial support during critical illnesses encourages employees to seek timely medical attention and return to work sooner after recovery, minimising productivity losses due to prolonged absences.

Benefits for employees of having a group critical illness scheme in place

  • Financial Safety Net: Group critical illness cover offers employees a lump sum payment if diagnosed with a covered critical illness, providing financial protection for medical expenses, living costs, or other financial burdens during their illness.
  • Peace of Mind: Knowing they have comprehensive critical illness coverage reduces anxiety about the potential financial impact of severe health conditions, allowing employees to focus on recovery and well-being.
  • Accessibility: Group policies often have lower premiums and may not require medical underwriting, making critical illness coverage more accessible to employees with pre-existing health conditions.
  • Family Protection: Extended coverage for family members offers added protection for employees' loved ones, providing an extra layer of security for their family's financial future.
  • Comprehensive Support: Some group critical illness policies offer additional services like counselling, wellness programmes, or second medical opinions, providing employees with comprehensive support throughout their illness journey and recovery process.

What we can offer

 

The Health Insurance Group has access to some of the most competitive rates in the market place and can review your current scheme free of charge

 

We work closely with insurance providers such as AIG and Unum, ensuring we get the best, most cost-effective deals for you. Contact us today to find out more about the group critical illness policies we offer...

Group critical illness FAQ's

Contact us if you have more questions!

Protect your employees' health & wellbeing.

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