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Employee Benefits Magazine - How can employers raise awareness of the value of group risk benefits?

By Tynan Barton.

Need to know:

  • Group risk benefits provide critical financial support when employees need it most.
  • Many group risk policies offer valuable add-on benefits such as virtual GP services and employee assistance programmes, but employees need to be aware that these are available through their employer.
  • In difficult circumstances, such as the Covid-19 (Coronavirus) pandemic, these benefits can provide vital support but employers must ensure they are regularly promoted.

Sadly it is not surprising to read that in the first half of 2021 alone more group life benefits relating to Covid-19 (Coronavirus) were paid out than in the whole of 2020.

These benefits supported 1,218 families of employees who died from Coronavirus in the first half of this year, according to research published by Group Risk Development (Grid) in August.

The huge impact that the virus continues to have on people’s lives highlights the importance of offering valuable financial support when it is most needed. But how many employees are aware of the exact support available to them, and in which circumstances they can access it?

Please click here to view the full article.

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