Income Protection

Group Risk benefits are highly valued as they provide financial protection for employees and their families, yet they are relatively inexpensive for employers compared with some other components of the typical benefits package. Provided in isolation or as part of a wider benefits package, these employer sponsored products can give employees access to insured protection cover either at a reduced rate or free of charge as they are covered under one group policy.

The majority of employee absence is short term yet the long term absence makes up a third of all days lost. That is why Group Income Protection (GIP) has become a key part of any companys employee benefit strategy. Not only does the cover provide a company a company with benefit should an employee be incapacitated with a long term illness or injury insurers will also give help and support in getting the employee back to work as soon as possible.

Most people need some form of life assurance and so life cover provided by an employer is a highly valued benefit. Group Life cover (also known as death in service benefit) will provide employees dependents with a cash lump sum in the event of that employees death. The sum paid is usually a multiple of salary, e.g. four times salary. At IVARR Financial Services we search the market to find you the best possible terms in line with your requirements. Year round both you and your staff will be supported by our dedicated team who have excellent contacts and many years experience.