Zurich: 97% of GIP claims paid in 2016

clock • 2 min read

Zurich has revealed its payment rates for group income protection claims for the first time.

Over 97% new claims were accepted last year with employees benefitting from annualised payments averaging £37,900.  During 2016, cancer was the main cause of claims at 27 per cent, followed by mental health (19 per cent) and musculoskeletal claims (13 per cent). Half of employee absences notified to Zurich did not progress beyond the end of the deferment period and therefore did not reach claim stage. A large proportion of these are where the employee returned to work. Other reasons include the employee leaving employment or passing away. Overall, around 40% of those who retur...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Employee Benefits

Long-term finances impact productivity: PIB Employee Benefits

Long-term finances impact productivity: PIB Employee Benefits

71% of employees want more control over benefits

Cameron Roberts
clock 31 October 2025 • 1 min read
Older workers in demand: Barnett Waddingham

Older workers in demand: Barnett Waddingham

31% of UK employers hiring older workers

Cameron Roberts
clock 30 October 2025 • 1 min read
Employers overestimate impact of employee benefits: GRiD

Employers overestimate impact of employee benefits: GRiD

Employees struggling to see the value

Cameron Roberts
clock 23 October 2025 • 2 min read