Scottish Widows is considering moving into the group risk market.
It is understood that discussions within the insurer are at a preliminary stage and it is still investigating the feasibility of such a venture.
The insurer, which is wholly owned by Lloyds TSB, announced in February that it was exploring the possibility of returning to the financial adviser market for its individual products.
At present its protection retail products are sold only through Lloyds Bank branches.
It is possible that any move into the corporate space would incorporate use of its Mymoneyworks platform.
No decision is expected on either move for some time.