Group critical illness cover
Provide group critical illness cover as a benefit to your employees in case they or their families are diagnosed with a critical illness.
Get a group critical illness cover quote
Our advisors are on hand to help you with any of your group critical illness cover needs. Whether you have any questions or you’re ready to compare the policies available to your business, fill out some information and we’ll be in touch. This is a free service, and you’re under no obligation to purchase with us.
What is group critical illness?
Group critical illness is an employee benefit that covers a workforce or group of employees for the diagnosis of critical illnesses. If an employee is diagnosed with a critical illness covered by the policy, a lump sum will be paid out to them. The number of critical illnesses covered will depend on the finer policy details, and some group critical illness plans will also cover the employee’s spouse and dependents.
What does ‘group’ mean?
When we use the term ‘group’ alongside critical illness insurance, we’re referring to insurances designed for businesses rather than individuals. The group could refer to a select pool of employees, such as directors, shareholders or departments, but it may also cover the entire workforce. group critical illness plans have a single policy that covers all employees under the same terms.
Why should you consider group critical illness cover?
Group critical illness may provide your employees with a monetary lifeline if they or their family are diagnosed with a critical illness.
Providing this benefit alongside a salary and comprehensive benefits package may help to attract talented staff.
Offering group critical illness to your employees may support them financially, as they may not need to purchase a similar policy on personal terms.
Demonstrating to your employees that you care about their livelihood and offering them benefits such as critical illness may help to retain your employees.
The cost of group critical illness may be deductible from pre tax profits.
Speak to an independent insurance advisor
Get a quoteHow does group critical illness work?
Group critical illness is experienced differently between the business and its employees. As an employee benefit, the company has control over the policy terms, such as coverage amount and who’s covered as they’ll be responsible for paying the premiums.
Group critical illness for businesses
You pay for the policy, and you have control over how the policy is structured.*
You are responsible for promoting the scheme to eligible employees and providing them with information.
You can cover all employees or a set group of clearly defined employees.
You may be able to include cover for the insured person's family.*
You may have the option to extend the coverage option to include terminal illness and total permanent disability.
There may be a minimum number of employees required before purchasing this policy.
You may be able to choose between different policy levels. For example, a basic policy may cover a restricted list of conditions, while a more comprehensive policy may cover significantly more.
*Depending on your business size, you may be offered a policy that allows your employees to contribute or pay the entire premium cost.
Group critical illness for employees
You do not pay for the policy as it is part of your benefits package.*
You are liable to pay tax on the insurance as it is a benefit in kind.
You do not have control over how the policy is structured or finer details, as your employer handles this.
Depending on the policy terms, your spouse or child may also be covered.
*Depending on your business size, you may be offered a policy that allows your employees to contribute or pay the entire premium cost.
How do group critical illness claims work?
Group critical illness is an employee benefit, which means the company pays to insure its employees, and it's the insured employees who will receive the payout if a successful claim is made. Depending on the type of policy you purchased, the payout may be a multiple of the employees' salary or a fixed sum.
Get a free quoteExamples of critical illnesses that may be covered
To help you understand the type of coverage you may be able to offer to your employees, we’ve listed some examples of critical illnesses. Please be aware that some of the following conditions may not be included as standard and may incur additional premiums.
Note: Additional terms may apply for a claim to be valid, such as a condition leading to permanent or ongoing health issues.
How much will group critical illness cost your business?
The cost of group critical illness varies per business and depends on the finer policy details. You may have the option to customise your policy to include or exclude some coverage options. Below are some examples of what may influence the price you pay:
Compare group critical illness policies
When you’re ready to find out the types of policies available to your business, our advisors are on-hand to help you. We can compare the group critical illness policies available on the UK market and answer any questions or offer advice. This service is free, and you have no obligation to purchase any of the plans we compare.
What our advisors have to say about group critical illness
“Group critical illness policies can be a monetary lifeline for your employees, their spouse or their children if they’re diagnosed with a critical illness. As an employee benefit, it may help to attract and retain your best staff”
Group critical illness FAQs
What is group critical illness?
Is group critical illness a replacement for life insurance?
Who pays for group critical illness cover?
Does group critical illness cover all employees?
Why choose Premier Choice Group?
Personal market analysis
Our team will personally review your options
Free comparison service
Our no obligation service is entirely free
Independent advice
Our advice is always unbiased and impartial
Fair analysis
We aim to offer a fair analysis of policies available on the market
Single UK-based contact
A UK based company providing a nationwide service
Qualified advisors
Authorised & regulated by the Financial Conduct Authority
Helping you with your employee benefit needs
Group Income Protection
If your employees are unable to work, group income protection can provide financial support to them and your business.
Learn moreGroup Life Assurance
Protect your employees and their families if a member of your workforce passes away during their employment.
Learn more