GRID: Employers lack understanding of group critical illness

Considered least important

Adam Saville
clock • 3 min read

Only 27% identified correct definition of group critical illness, research finds

Just over a quarter of employers (27%) surveyed by group risk trade body GRiD were able to identify group critical illness as ‘a policy taken out by an employer to provide a tax-free lump sum to an employee on the diagnosis of one of a defined list of serious conditions or on undergoing one of a defined list of surgical procedures'. Some employers incorrectly believe group CI will pay an income rather than a lump sum to employees with a serious illness, or simply to cover expenses as a result of the illness. Others thought that the policy paid out to the employer instead of the employee....

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 Group Protection

Most cancer self-referrals are for women in their 30s and 40s: Healix Health

Most cancer self-referrals are for women in their 30s and 40s: Healix Health

Claims data for Q2 2026

Jaskeet Briah
clock 19 August 2026 • 1 min read
Unemployment up 0.2% in Q2 2026

Unemployment up 0.2% in Q2 2026

Rate cut chances fade

Michael Nelson
clock 18 August 2026 • 2 min read
82% of employees want proactive return-to-work support: L&G

82% of employees want proactive return-to-work support: L&G

Most employers would value more industry support

Jaskeet Briah
clock 18 August 2026 • 2 min read