Our Group Income Protection offers:
- Cover for up to 80% of an employee's earnings, up to a maximum of £350,000 benefit.
- A choice of deferred periods, so that employers can decide when the Group Income Protection payment begins: after 13, 26, 28, 41, 52 or 104 weeks.
- A choice of benefit payment terms, either to retirement ages or for a limited benefit period, so employers can retain control over costs.
- 'Once only' underwriting, for members with benefits above our free cover limit.
- Pay direct option, so that income benefits can be paid directly to employees, saving administration costs during long-term absences.
- Lump sum options, which could be used to help fund an employee's early retirement.
- Dedicated rehabilitation case managers who will support employees throughout the entire claims process.
- Added value benefits, such as a 24-hour Stress Counselling Helpline, where practical and emotional support is provided by trained counsellors.
If you'd like to know more
Visit our Group Income Protection pages on the Healthcarezone
or get in touch with our Group Risk Sales Support team on 0845 300 4452.Lines are open from 8.30am - 5.15pm, Monday to Thursday; 9am - 5pm, Friday.
Calls to and from Aviva may be monitored and / or recorded.
Group Income Protection is administered by Aviva Health UK Limited.Financial Services Authority Registration No.308139.Registered Office 8 Surrey Street Norwich NR1 3NG.
This insurance is underwritten by Aviva Life & Pensions UK Limited. Registered in England Number 3253947. Registered Office 2 Rougier Street York YO90 1UU.
Authorised and regulated by the Financial Services Authority.
Aviva Health UK Limited, Head Office: Chilworth House Hampshire Corporate
Park Templars Way Eastleigh Hampshire SO53 3RY.
Product details
Scheme Size
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Minimum of 5 employees – no maximum number.
Benefit Levels Available
Up to 80% of an employees usual salary to a maximum benefit of £350,000, including:
- Employee pension and national insurance contributions
- Employer pension contributions can also be covered for up to £75,000.
Premiums
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Single Premium for schemes with less than 20 lives, Unit Rated for schemes with 20 lives or more
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Premiums can be paid:
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Annually - by Direct Debit or cheque
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Monthly - by Direct Debit, 4% premium loading.
Deferred Periods
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13, 26, 28, 41, 52 or 104 weeks.
Free Cover Limit
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Employers are normally offered a free cover limit, under which there is no need for individual medical underwriting. The maximum free cover limit is £120,000.
Pay Direct option
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Clients can choose to have the income benefit paid directly to the employee, potentially saving significant costs associated with retaining long-term absentees on the payroll
Lump Sum option
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Allows the choice of a benefit payment term, after which your client will receive a lump sum payment which can, for example, be used to help fund an employee’s early retirement
Additional Options
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Escalation during claim – 3%, 5% or Limited Price Index (LPI), to help protect benefit payments against inflationary rises.
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Continuation option available (provided the scheme is currently insured with a continuation option)
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Limited payment term – benefit limited to a maximum of 2, 3, 4 or 5 years, can significantly reduce premiums
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Flexible benefits - This is available for schemes with 250+ lives. Please contact us for further details.
Underwriting
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'Once only' medical underwriting applies to members with benefits above the free cover limit
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Temporary cover may be provided pending terms, although any pre-existing conditions will be excluded.
No Worse Terms
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Usually available, provided that details of all employees not previously accepted on ordinary rates (and without restrictions or exclusions).
For full product details, please refer to the Group Income Protection technical guide (pdf)
Group Income Protection is administered by Aviva Health UK Limited. Financial Services Authority Registration No.308139.
Registered Office 8 Surrey Street Norwich NR1 3NG.
This insurance is underwritten by Aviva Life & Pensions UK Limited. Registered in England Number 3253947. Registered Office 2 Rougier Street York YO90 1UU.
Authorised and regulated by the Financial Services Authority.
Aviva Health UK Limited, Head Office: Chilworth House Hampshire Corporate
Park Templars Way Eastleigh Hampshire SO53 3RY.
Costs
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For single premium schemes – premiums will be calculated for each scheme member on the appropriate premium rates. This means premiums are re-calculated each year and are dependent upon the age of the scheme members at the beginning of each scheme year. Premium rates generally increase with age
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For unit rated Sshemes – A rate usually expressed as a % of total scheme salary roll being insured at the commencement date of the insurance and subsequent scheme anniversary dates. This basis applies where the scheme covers 20 or more lives
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An annual Policy Fee applies to both single premium and unit rated schemes.
Commission
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Standard broker commission is 12%, although we can accommodate varying percentages. The percentage amount of commission will affect the premium on our illustrations.
Group Income Protection is administered by Aviva Health UK Limited. Financial Services Authority Registration No.308139.
Registered Office 8 Surrey Street Norwich NR1 3NG.
This insurance is underwritten by Aviva Life & Pensions UK Limited. Registered in England Number 3253947. Registered Office 2 Rougier Street York YO90 1UU.
Authorised and regulated by the Financial Services Authority.
Aviva Health UK Limited, Head Office: Chilworth House Hampshire Corporate
Park Templars Way Eastleigh Hampshire SO53 3RY.
Here is some information to help you decide if our Group Income Protection offering is right for your client:
Our product is designed for companies who:
- Have 5 or more employees
- Want their employees to receive a monthly income to help cover their lost earnings if they suffer an accident or illness
- Want to be able to choose the level and length of protection their employees need
- Want flexibility in their protection productsNot design for clients who
- Want their employees dependants to receive a lump sum when they die
- Want a product with a cash-in valueKey considerations
- Have existing protection arrangements
Why not take a look at some of our testimonials from clients who have experienced the Group Income Protection claims service? Visit the Healthcarezone to find out more.
If you’d like to know more
Please get in touch with our Group Risk Sales Support Team on 0845 300 4452* or email groupipquotes@aviva.co.uk for further details.
Lines open 8.30am - 5.15pm Monday-Thursday, 9am-5pm Friday.
Group Income Protection is administered by Aviva Health UK Limited. Financial Services Authority Registration No.308139.
Registered Office 8 Surrey Street Norwich NR1 3NG.
This insurance is underwritten by Aviva Life & Pensions UK Limited. Registered in England Number 3253947. Registered Office 2 Rougier Street York YO90 1UU.
Authorised and regulated by the Financial Services Authority.
Aviva Health UK Limited, Head Office: Chilworth House Hampshire Corporate
Park Templars Way Eastleigh Hampshire SO53 3RY.
Key Account Solutions
- Designed for policyholders with an annual premium of more than £250,000, Key Account Solutions provides your clients with the opportunity to closely manage their policy and claims experience and look at how this impacts future premiums.
Key Account Solutions provides your clients with:
- Tailored claims reports – containing bespoke information and commentary on your client’s scheme. Reports can include claims performance, status of current claims and comparison data.
- Key account meetings – we arrange two meetings a year with your Key Account Manager to ensure we are providing the best possible service should your client’s needs change.
- Dedicated contacts – we’ll nominate a team dedicated to your account, from underwriters to claims handlers and rehabilitation personnel. This ensures we can provide consistency and an efficient service.
Expert Claims Management
- With over 50 years of Income Protection experience, we offer a claims service that works with both the employer and employee to find a winning outcome for long-term absence for everyone involved
- With one of the largest Income Protection teams in the UK, we have a full clinical team providing expert claims advice and guidance which can help employees get back to work faster
- The extensive range of rehabilitation services available means claimants have access to the most appropriate treatments available to help them get back on their feet, for example, our Cognitive Behavioural Therapy services for stress.
Got a question? Visit the Group Income Protection product pages on Healthcare zone.
We have a wide range of support staff available to help you. View our contact details to find the right number that meets your needs.
Group Income Protection is administered by Aviva Health UK Limited. Financial Services Authority Registration No.308139.
Registered Office 8 Surrey Street Norwich NR1 3NG.
This insurance is underwritten by Aviva Life & Pensions UK Limited. Registered in England Number 3253947. Registered Office 2 Rougier Street York YO90 1UU.
Authorised and regulated by the Financial Services Authority.
Aviva Health UK Limited, Head Office: Chilworth House Hampshire Corporate
Park Templars Way Eastleigh Hampshire SO53 3RY.
