An employer sponsored Group Risk Scheme is an umbrella term for employee benefit schemes that can include:
- Group Life Insurance
- Group Income Protection
Increasingly, employers are including protection as part of a total remuneration package, to attract and retain key staff. It is a very cost effective way of protecting your business’ most important asset – your employees.
The benefits available under a Group Risk Scheme are highly valued by your employees as it provides financial protection for both them and their dependants in the event of long term disability or death.
The added advantage for you as employer is that the cost of providing a Group Risk Scheme is relatively inexpensive compared to the value of the benefits provided.