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Employee Benefits Magazine - Covid-19: More death benefits paid in first half of 2021 than all of 2020

Research has revealed that dependants of employees with insured employer-sponsored death benefits have received more financial payouts due to Covid-19 (Coronavirus) in the first half of 2021 than the whole of 2020.

Group Risk Development (Grid), the industry body for the group risk sector, also found that nearly 10 million UK employees currently have death benefits insured through the group risk market, and the average payment was more than £98,000.

During the first half of 2021, the group risk industry supported 1,218 families of employees who died from Covid-19 with group life benefits, which is 35% more than the 891 families that received support in last year.

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