Group Income Protection

Group Income Protection

Group Income Protection is provided by a company for its employees (the employer pays the premiums to cover the employees). If an illness or injury stops an employee from working, income protection benefit is a way of making sure your employees and their families have a financial cushion should they need it. 

Cover can be up to 75% of the employees salary, less the State Illness Benefit. Cover can commence following illness or injury after a deferred period of between 1 and 12 months.  Cover can be arranged up to age 70. 

At Phelan Caswell Insurances, we tailor-make a plan to suit your individual requirements and make it easy to engage with and understand the process. 

It also assists with the following: 

Assist with the retention of Staff, Making it easier to recruit new Staff, and The employer can write off the cost of providing benefits against corporation tax. We make it easy for both employers and employees to engage with and understand the benefits.