06/08/2017
Group Critical Illness Cover, Group Critical Illness P11D
0116 366 6866
Introducers
An Explanation on Group Critical Illness Insurance - By Halo Co…
Group Critical Illness Cover A fast-growing product, Group Critical Illness polices are seen to be a bene t that provides employees with peace of mind and can form part of an employee bene ts package. If an employed person su ers a critical illness, this cover is invaluable and shows that the employer has taken the time to arrange this. The main advantage being that such a policy can retain sta and attract new employees. New statistics over recent years shows a signi cant increase of people developing certain cancers and other critical illnesses – therefore, such a policy helps people to prepare for such an eventuality. A great aspect of Group Critical Illness cover is that an employee can usually add their spouse and dependants on to the policy (often included free for the employee, children’s bene t is usually capped at £25,000) should the employee choose. In short, Group Critical Illness pays out a tax-free lump sum to the employee if they are diagnosed with a serious condition (see policy terms and conditions) https://halo-consult.co.uk/business-insurance/group-critical-illness-cover/
1/7