Group IP to 'remain as it would' for furloughed employees

During coronavirus

Adam Saville
clock • 3 min read

Both Unum and Generali offer reassurance regarding reduced hours as a result of coronavirus outbreak

Two major group risk providers have confirmed that employees furloughed, or put on reduced hours or pay, during the coronavirus pandemic will remain covered at their full level of benefit entitlement. Unum said that for those with reduced hours, it is able to provide cover on the basis of the normal contractual hours rather than the reduced hours, even if hours are reduced to zero at this time. For employees requested to take a temporary pay cut, Unum will continue to insure benefits based on their salary immediately prior to such a reduction, even if salary is reduced to zero. It ...

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

Employers 'misjudge' which benefits workers prioritise

Employers 'misjudge' which benefits workers prioritise

Canada Life research

Jaskeet Briah
clock 19 June 2025 • 2 min read
L&G paid out £347m in group protection claims in 2024

L&G paid out £347m in group protection claims in 2024

Paid out just shy of £1m every day

Jenna Brown
clock 19 June 2025 • 3 min read
Benenden Health adds heart rhythm measurements to offering

Benenden Health adds heart rhythm measurements to offering

Partnership with FibriCheck

Jaskeet Briah
clock 06 June 2025 • 2 min read