Group Protection

With a BEIS consultation ongoing, GRiD's Katharine Moxham issues a rallying call for group income protection

48% of women aged 25-45 solely responsible for house finances and 57% of this age group do not have any cover

Firm paid almost 100% of group life claims last year

A quarter of strokes in the UK happen to people of working age or younger

'Record-breaking' £5bn in total pay-outs for protection industry last year and £1.6bn paid out for group risk, according to ABI and GRiD

Data from nine members of AFM indicates "higher than the industry average" stats from mutual insurers

Lack of workplace initiatives and no group protection both reasons for higher than above average employee sickness

Long-term disability income increases following years of decline

Flexible working options supported by most employee benefit consultants, while just under half are for paid short-term leave benefits

Employees working from home less stressed than in cubicles or open plan offices