19th May 2021
Practical Protection Podcast - Group Insurance (40 minutes)
This week we are focusing on group insurance. Myself and Roy have Katharine Moxham from GRiD (Group Risk Development) with us.
Katharine takes us 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’.
Remember, if you are listening to this as part of your work, you can claim a CPD certificate, that is now accredited by CPD UK, through our sponsor Octomemebers.
You may find that your work systems are not keen on the CPD form (it’s a google form). Please don’t worry if that is the case. Contact me on social media or through the website and I will be able to issue the certificate directly to you.
Kathryn Knowles, Managing Director, Cura Financial Services Ltd