HI Daily - Employers lack knowledge about group life benefits - GRiD

Half don’t understand when the policy pays out.

Employers lack knowledge about the inherent benefits of group life assurance (GLA), including the circumstances in which employees would receive a payout, research by Group Risk Development (GRiD) shows.

A poll by the group risk association found 55% of employers do not accurately understand the circumstances in which a GLA policy would pay out. This rose to 74% for organisations with over 250 staff.

Only 45% of employers correctly understand that GLA pays out a benefit on an employee’s death for any reason, at any time while they are in employment with the sponsoring employer.

Please click here to view the full article.

Benefits of membership:

A STAKE IN POLICY

The opportunity to influence group risk policymaking.

VALUE BY ASSOCIATION

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

ACCESS TO EXCLUSIVE INFORMATION

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.

Please enter your details:

Who are you?
Who are you?
- Employer
- Journalist
- Group risk professional (non-member)
- GRID member
- Trade body/Employer body
- Other interested party
First name
Last name
Company name
Role
Telephone
Email address
I agree to GRiD's Terms & Conditions and have read and understood GRiD's Privacy Policy
Only fill in if you are not human

Already a member? Please login.