Friends Life launches first cancer-specific group benefit

clock

Friends Life has launched the first employer funded group cancer workplace benefit in the UK.

The plan, Group Cancer Cover, is available to any company looking to insure 100 or more members of staff. Premiums are likely to be around 30% lower than a critical illness policy on a like for like basis, Friends Life said. Friends Life head of group protection proposition Anna Spender said the scheme was an "alternative" not a replacement to group critical illness cover. The benefit will pay a fixed amount of £25,000 to employees who are diagnosed with a cancer covered by the plan. The plan will be distributed via brokers and employee benefit consultants. It also includes a...

To continue reading this article...

Join Professional Adviser

  • Unlimited access to real-time news, industry insights and market intelligence.
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters.
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection.
  • Members-only access to the editor’s weekly Friday commentary
  • 
 Be the first to hear about our events and awards programmes.

Join

 

Already a Professional Adviser member?

Login

More on Critical Illness

Royal London adds new and updated definitions to critical illness cover

Royal London adds new and updated definitions to critical illness cover

Effective immediately

Hemma Visavadia
clock 22 March 2022 • 2 min read

Dermot Brannigan: An IFA's personal perspective on CI cover's importance

'How would you cope if your partner contracted an illness?'

Dermot Brannigan
clock 22 July 2020 • 8 min read

David Woollett: Are your clients in the know about CI cover?

Phoenix has contacted more than a million customers

David Woollett
clock 25 July 2018 • 4 min read