We are the UK's leading provider of Group Income Protection insurance with over 35 years of experience. We have won the accolade of Best Provider of Group Income Protection, voted by Independent Financial Advisers at the Health Insurance Awards, ten consecutive times since 1998.
The Confederation of British Industry has estimated that sickness absence costs UK business £13.4 billion each year.
Our own research shows that sickness absence can cost an organisation up to 16 percent of payroll.* Relatively few companies however have active programmes in place to reduce these costs.
Group Income Protection insurance helps employers to safeguard the well being of their staff by providing a replacement income for their employees during long-term absence from work through illness or injury.
Long-term illness and injury can be a challenge for employers in many ways:
- Employees on sick leave have to be paid. Statutory Sick Pay must be paid for 28 weeks but many employers feel obliged to extend this period.
- Other staff may have to cover for sick colleagues resulting in production problems, overtime payments and an impact to employee morale.
- New staff must be trained to provide a replacement either temporarily or permanently.
- The Disability Discrimination Act, with changes in October 2004, requires all employers to make adjustments to the work environment to allow a disabled employee to come back to work.
Group Income Protection addresses all these realities in one simple and flexible product.
Some employers will also be eligible to enjoy the benefits of Premier – our key account management programme that provides proven, modern and flexible support for larger Group Income Protection customers, who may have limited time or resource to manage sickness absence.
*GE Frankona Re 2002
What does Unum provide?
The features
Who benefits?
Getting further advice
Further information can be found in our Group Income Protection Literature section.