1. Maximising the use of the wellbeing services included as part of your Group Income Protection premium can reduce, or even prevent, claims
These days, Group Income Protection (GIP) should be thought of as more of a wellbeing and service provision than just a financial provision. Although it varies from provider to provider, GIP plans can now include a vast array of free, added-value services, from Employee Assistance Programmes, Eldercare Support Services and Best Doctors to Day Zero and Early Interventions, Claims Management and Rehabilitation. The list goes on…
These services are there for the taking, but surprisingly under-utilised by employers and employees alike. The fact is, for a GIP premium of as little as 0.20% of salary you gain access to all these services that, if used, can realistically reduce or even prevent GIP claims.
Of course, it’s not just about reducing your costs. Wellbeing initiatives are essential tools for those companies wanting to ensure a competitive edge. They help create a corporate culture that prioritises its employees and customers and is aligned with overall business strategy.
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