Group Critical Illness Cover
Group Critical Illness cover provides an employee with a tax-free lump sum following the diagnosis of one of a defined list of serious conditions or undergoing one of a defined list of surgical procedures. The benefit is paid once the employee has survived for a specified period. The option to include permanent and total disability can usually be offered.
The employer generally obtains corporation tax relief on premiums, but is liable for Class 1A National Insurance contributions and premiums are treated as a P11D benefit for employees.
For more information about our services or to speak to one of our consultants, simply complete our enquiry form, send us an email or call our Cambridge office on 01223 357131 or our Norwich office on 01603 661156.
