Benefits shouldn't be a case of 'risky business'

The ongoing call for more inclusive benefits is one that should be listened to by HR departments across the world. A recent report from Canada Life found that three in four UK employees would struggle financially if they suffered a cancer diagnosis, suggesting that employers need to do much more to ensure that their benefits packages are supportive.

And with more and more onus being placed on workers’ health and wellbeing, it seems only natural that HR sit up and take note of what options are out there – namely paying more attention to Group Risk which is the undiscovered gem of the benefits world. In a series of seven articles, Canada Life aims to bring these benefits to the forefront. 

Speaking to HR Grapevine, Paul Avis, Group Marketing Director at Canada Life Group Insurance, explains exactly what the Group Risk industry can do to help provide such support.

“On the face of it, Group Risk benefits comprise what look like four simple product areas,” he told us. “However, there is a lot of flexibility in these financial products: all are backed by support services which can be used without any need for claims to be made, all have low-cost options and all provide immediate support, in addition to a financial benefit, when employees need it.