Also known as ‘death in service’, this is a life assurance policy that pays a lump sum to beneficiaries following the death of an employee. The employer pays for it without any tax implications for the individual.

Cover can be a multiple of salary, or a set amount. Most policies require little or no medical underwriting, and minimal administration. Group life assurance represents an extremely cost effective and popular benefit.

This policy provides a monthly income for employees who are off work through sickness or injury. Employers can provide different groups of employees with different levels of cover and there are no tax implications for their employees.

Traditional income protection policies have increased in cost over recent years. However, with a range of benefit and cover options (e.g. deferred periods, claim payment periods etc.) a scheme can be tailored to suit the budget of any company.