This session we are focusing on group insurance. Kathryn and Roy have Katharine Moxham from GRiD (Group Risk Development) with them for this session.
Katharine takes them through claims statistics, how free medical underwriting works and the benefits that an employer and employee can access through these insurances.
£1.7 billion was paid in claims in 2019, and group insurers paid £100 million in claims relating to covid alone in 2020.
In the UK, over 13 million employees are covered by group insurance policies and have access to generous added extras e.g. remote GP appointments, not only helping the employee but also supporting the employer by addressing both absenteeism and presenteeism.
There are many intricacies involved with group policies that are also discussed during this podcast, with a clear message that this can be a hugely beneficial addition to your advice offering, but you must not just ‘dabble’.
In a couple of weeks, Kathryn will be joined by Matt Rann and they will be chatting about diabetes.
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