Critical illness insurance cover provides your employees with an extra level of financial protection in the event that they suffer a serious illness.
Should something unexpected and unfortunate like this happen, you’ll be glad you chose Towergate Health & Protection, one of the UK’s leading business and employee health specialists, to find the very best protection for your company and your employees.
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.
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:
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.