Group schemes
Group Insurance Schemes
Health, life and pension benefits for the people in your business.
What a group scheme is.
A group scheme can strengthen a company’s benefits package and give employees access to meaningful insurance cover.
We design it around the size and make-up of the team, the budget, and the benefits the company wants to offer.
What it includes
What it can include.
Life and health cover are provided together; pension can be added or run on its own.
01Life cover & term protection
A lump sum to the beneficiaries in the event of loss of life, with minimum protection covers built into every health plan.
02Hospital care
Cover for hospitalisation, surgery, room and ICU costs at contracted hospitals and diagnostic centres, with pre-existing conditions covered after a short wait.
03Outpatient care
Diagnostic tests, medical visits and treatments outside hospital, reimbursed against receipts.
04Accident & permanent disability
Compensation for permanent total or partial disability from an accident, and a daily hospitalisation allowance where provided.
05Critical illness
A lump sum on diagnosis of a covered critical illness, so the employee can focus on recovery.
06Group pension
Building capital for employees’ supplementary pension, with a guaranteed rate set periodically where the programme provides one, and the option of voluntary funding.
07Added benefits
24/7 telemedicine, a full network of contracted clinics and, for larger groups, benefits such as an IVF allowance.
The design
A scheme built around the company.
Not every company needs the same benefits.
We look at the workforce, the budget available and the employer’s priorities, and put together the options worth comparing.
The process
From the first conversation to issue.
- 01.
Mapping needs & budget
We discuss what you want to offer, to whom, and with what budget per employee.
- 02.
Group data
Number of people, ages and gender; for an already-insured group, the current plan and the claims history.
- 03.
Proposal & alternatives
We present 2–3 benefit scenarios with their cost, so you can choose deliberately.
- 04.
Issue & activation
Policy issue, employee enrolment, and a briefing for the team on the benefits.
- 05.
Annual review
We monitor usage and renew the scheme with any adjustments to benefits or pricing.
FAQ
Good to know.
How many people are needed for a group scheme?
From 5 employees for a life & health plan. The size of the group affects pricing and benefits. We work through it together from the first conversation.
Do employees pay anything?
The core cost is carried by the employer. An employee pays only if they choose to extend cover to their family.
Are the premiums tax-deductible?
Group premiums are generally recognised as a business expense. Your accountant confirms the final tax treatment under current tax law.
What happens if an employee leaves?
They are removed from the policy at the start of the next insurance period. In some cases there is an option to convert to an individual policy with no new health check.
