About_your_benefits

About your benefits

Discover our group life and income protection benefits

By working with you to understand the specific needs of your employees, we can create a tailored solution that is competitive and gives you greater control over your benefits package.   

When providing cover for employees based on the Isle of Man and Channel Islands, we offer local employers our group life and income protection benefits with additional wellbeing services.

group life_cropped

Group Life

Group Life insurance is an essential employee benefit. It affords financial peace of mind knowing that loved ones will be provided for in the event of their death, at what will be a very difficult time.

Group Life enables you – the employer – to provide a lump sum payment in the unfortunate event of an employee’s death. This cover can be provided to the whole workforce or tailored to a certain category, with varying levels of benefits. Additionally, the policy can be held in a trust or contracted directly with the employer as a standalone coverage.

 

Additional benefits 
Cover for terminal illnesses can be included as a supplement to Group Life. It’s paid when an employee suffers from a terminal illness that is likely to result in death within 6 months of diagnosis.

And with the addition of our Spouse and/or Child Income benefits, we help you extend your duty of care in the long term to the employee’s family. Cover can be extended to provide regular payments to an employee’s spouse and/or child in the event of their death. 

Income Protection

As a caring employer, you want to reassure employees they won’t be left struggling financially in the event a serious illness or injury prevents them from working.  


Thanks to Income Protection, you’re able to pay employees a percentage of continued income if illness or injury prevents them from working for a prolonged period. Giving employees the peace of mind that comes from having financial aid available during their time of need. With this coverage, you can choose whether the income replacement is paid until your employee reaches retirement or for a limited term, when a lump sum can be afforded.

income protection_cropped

FAQs

The minimum number of lives is 3.

We offer two types of administration: simplified and individual. The type you’re offered will depend on the size of your organisation and membership.   

Individual – All modifications must be notified within 30 days and may result in a change of premium, which will be due at the time of the next invoice.  

Simplified – There is no need to inform us of any changes to membership during the policy year, unless there is a significant modification or request for cover over the automatic acceptance limit (AAL).  At the end of the policy year, once a new membership list is received, the adjustment premium is applied to the following year’s premium.

A new membership list is required at each renewal. At the end of each invoice cycle, we calculate the annual premium based on the new membership.
The adjustment premium considers joiners, leavers and any other membership changes which impact the premium. The calculation is the difference between the sum assured, as of the last renewal date, and the sum assured as of the day before the current renewal date.
We work with EAP provider, Health Assured Ltd, to provide an EAP solution for our domestic Isle of Man and Channel Island markets. Please contact your local broker or Zurich representative to find out more. The EAP services are provided directly from Health Assured Ltd to the policyholder, subject to Health Assured Ltd terms and conditions with the policyholder. It does not form part of an insurance contract.
We work with a local bereavement charity, Cruse Bereavement Care, on the Isle of Man. For Channel Island based employees, our EAP provider Health Assured Ltd will be able to assist with bereavement counselling (this service is also available to Isle of Man based employees). Bereavement counselling is provided directly by the third-party supplier to the policyholder, subject to its terms and conditions with the policyholder. It does not form part of an insurance contract.
If an employee is away from work for reasons other than illness or injury (including maternity and paternity leave or time off) and is still receiving pay, we will treat them as a member for up to 3 years’ temporary absence.
Please contact your dedicated account manager or broker, or alternatively here and provide the details of the claim. One of our claims examiners will be in touch regarding the next steps.  
Please notify us as soon as possible after a member’s death, but no later than two years from the date of said member’s death.
As soon as possible is preferable, but always within three months of the end of the waiting period. For employees based on the Isle of Man and Channel Islands, early notification is essential to sooner utilise any rehabilitation services and help get the employee back to work thanks to an early intervention.
We understand it can be difficult dealing with bereavement or a disability. Which is why we handle each case with care and always aim to pay as quickly as possible. Each claim has its own claims examiner, who will be your main point of contact throughout. If we need further information, we’ll be in touch to let you know what we need to reach a final decision in the shortest time possible.
When a decision is made on a claim, we’ll notify the policyholder of our decision. If we are planning to make a payment, we will confirm the amount we’ll be paying and the time frame for receiving the funds.
Claims by default are made to the policyholder. Payments will be in the policy currency. We will look at third party payments on a case-by-case basis, and this should be discussed with the claims examiner. Should a payment be made to a third party, additional requirements will be necessary.
Each claim is assessed on an individual basis and decisions are normally issued within one week (for life claims) or two weeks (for disability claims) of receiving all the required documents. Payment for valid claims immediately follows our decision, usually reaching the policyholder account within one week.
If all premiums have been paid up to date when the policy ends, we’ll consider any valid claims that happened before the date the policy ended.