Nearly 900 lump sum death benefits paid by employer-sponsored group life insurance policies
Data from Group Risk Development (GRiD) shows that families of employees with group life benefits have been paid a total of over £93 million as a result of the pandemic between 1 January and 31 December last year. This represents 884 lump sum death benefits claims, plus the capitalised value of seven dependants' pension claims where Covid-19 has been recorded as the primary or secondary cause of death on the death certificate or reported on the claim form, according to GRiD. The average lump...
'A tremendous tribute to the market'
REBA report shows
Over 13.3 million members covered in 2020