Wiltshire : Group Income Replacement

Product profile

Description 

Covers up to 75% of income (which can include pension contributions, NICs and other non-pay benefits), up to a maximum of £37,500 a year.

For

• Companies insuring 5 or more people age 16 to 64

Maximum amount payable

• 75 % of normal earnings

• £37500 per year

Basis of cover

• Normal own occupation

Benefits

• Flexible

• Accident cover on back to day one basis

• Continuation of cover for leavers

• Proportionate benefit for partial return to work

• Rehabilitation

Options

• Benefits on fixed amount or percentage of gross income

• Number of units of cover
• Deferred period 4/13/26/52 weeks
• Payment until normal retirmennt date
• Payment for 1 or 2 years
• 50% until recover or retire
• Reviewable premium at annual renewal

 
Last updated: 29 March 2011