Follow us on:

CloseClose

HI & Protection - £57m paid out by group protection industry as a result of COVID-19

Group life 'one of the unsung heroes'.

The dependants of employees with group life benefits have been paid benefits valued at a total of almost £57m as a result of COVID-19 so far this year.

Trade body GRiD (Group Risk Development) said that 475 lump sum death benefit claims this year, plus the capitalised value of seven dependants’ pension claims where COVID-19 has been recorded as the primary or secondary cause of death on the death certificate or reported on the claim form.

The average lump sum death benefit payment was £110,285 and the average capitalised value of the dependants’ pensions was £617,771.

Please click here to view the full article.

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:

A STAKE IN POLICY

A STAKE IN POLICY

The opportunity to influence group risk policymaking.

VALUE BY ASSOCIATION

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

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:

Member register
  •     Already a member? Please login.