The benefits of group critical illness insurance

Offering group critical illness insurance demonstrates a real commitment to your employee’s welfare.

It provides the reassurance that, should they be stricken with any of an extensive list of defined illnesses they will receive a tax free lump sum to help them and their family through difficult times.

This money can be a real lifeline. If they do not have private health insurance, group critical illness cover can contribute towards the cost of medical treatment and, if they are unable to earn, simply help meet the household bills. That financial lifeline could also aid their recovery, helping reduce sickness absence and maximise productivity.

Critical illness cover is also a highly affordable benefit, helped by the fact that premiums are usually treated as a business expense for tax purposes, and as a tax friendly benefit in kind for your employees.

In addition most policies do not require submission of medical histories, as pre-existing conditions are excluded, so introducing a scheme is light on paperwork and executive time.

We help you find the best group critical illness policy

To find the best value and most effective group critical illness solution for your business, our employee benefits specialists will work closely with both you and the UK’s leading group health insurance providers, including Aviva, Canada Life, Legal and General and Unum.

When seeking out the right group critical insurance scheme for your business, there are several factors to consider:

  • What level of benefit would you wish your scheme to offer?
    Typically critical illness policies offer a lump sum, either a fixed amount or a multiple of salary, capped at £500,000.
  • Would you be eligible for corporation tax relief?
    In most cases, group critical illness premiums are classed as a business expense enabling you to claim relief.
  • How will your employees value this benefit?
    By showing a duty of care and interest in your employees’ welfare, could you enhance staff retention and recruitment?
  • Could this reduce other business costs?
    Would you save money if your group critical illness policy reduced absenteeism or increased staff retention?
  • If you have an existing employee benefits package, are you confident it is returning good value?
    If you have any doubts we will happily audit any existing employee benefits package you offer to see if it is performing across the board – and whether you could secure greater effectiveness and efficiencies.


Whatever you’re looking for, your dedicated Towergate Health & Protection adviser will always be on hand to help you identify key priorities, guide you to the best available solution and provide ongoing support for business insurance policy – offering impartial advice along the way.

Chase Templeton Limited is registered in England and Wales No. 3299980 – registered address: 5 Arkwright Court, Blackburn Interchange, Darwen, BB3 0FG. Towergate Underwriting Group Limited is registered in England and Wales No. 4043759 – registered address: Towergate House Eclipse Park Sittingbourne Road Maidstone Kent ME14 3EN.  VAT Registration No: 447284724.