Pension Contribution Protection
You may choose to insure contributions into an employee’s pension plan for when that employee is on long-term sick leave.
How pension contribution protection works
Pension Contribution Protection pays your company a monthly sum while your employee is on sick leave to cover the total contribution (i.e., the employer and sometimes the employee contribution amount) to their pension plan. Pension Contribution Protection is sometimes referred to as Premium Protection or Waiver of Premium benefit.
When it comes to Pension Contribution cover, we want to make sure that your needs are being met. Our flexible approach will ensure we build a customised Pension Contribution Protection solution that meets the unique needs of your business and your employees.
Serious illness cover
Long term sick leave cover
With Pension Contribution Protection and Group Serious Illness Cover, you can choose to ensure contributions into an employee’s pension plan for when that employee is on long-term sick leave.
People are now living longer than ever before. As a result, the chance of being diagnosed with a serious illness at some point in life is greater. Some illnesses can have a significant impact a person life. Many illnesses that were once incurable can now be treated successfully. However, this can lead to additional expenses during recuperation. Serious illness cover provides financial support if an employee is diagnosed with a serious illness. Learn more about serious illness cover.