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Protect your employees by understanding GROUP RISK

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We create awareness and understanding of group risk products and their benefits for employers and their workforce.

Group Risk Development (GRiD) is the industry body for the group risk protection sector, promoting the value to British businesses of providing financial protection for their staff, enhancing their wellbeing and engagement.

Our membership has a collective wealth of experience built over years of operating in the group risk protection market.

Knowledge Centre

What is Group Risk?

Group Risk is the umbrella term for three company sponsored employee benefits: Group Life Assurance, Group Income Protection and Group Critical Illness.

Employers may promise certain benefits (for example, occupational sick pay) to employees as part of the contract of employment. Rather than bear all of this risk themselves, many employers choose to take out group risk insurance policies to cover some or all of their liability.

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. This is often more readily available than individual cover since most employees do not generally need to provide medical details before cover is granted.

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.


Group Life Assurance

Group Life Assurance

Provides a benefit on an employee’s death

Represents 40% of all insured life cover in the UK

Tax free lump sum up to Lifetime Allowance

Taxable dependants’ pension

Benefits over Lifetime Allowance through “excepted” route

Group Income Protection

Group Income Protection

Provides a continuing income during employee’s absence for illness, injury or disability

Represents 80% of all insured income protection cover in the UK

Used to cover employer’s promise of long term sick pay

Paid through payroll in normal way

Group Critical Illness

Group Critical Illness

Pays a tax free lump sum to employee on diagnosis of one of a defined list of serious medical conditions or on undergoing one of a defined list of surgical procedures

Can be extended to dependants

Increasingly popular under flexible benefits arrangements

Fastest growing group risk benefit

Our members

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  • xafinity
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  • portus
  • quantum
  • xerox
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  • clear-insurance-management
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  • Risk Assurance Management Limited
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  • Gen Re logo
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Join now

If you are active in the group risk market and would be interested in gaining a greater share of voice and working more closely with your contemporaries in the industry please get in touch by completing this page.

Benefits of membership:



The opportunity to influence group risk policymaking.



GRiD is a respected voice in the protection sector – as such, membership enhances the status of member organisations.



Privileged access to output from the various working groups, including consultation responses, regulatory updates, employer research and pan industry claims data. GRiD members also gain exclusive access to industry speakers at member meetings.

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