Group Protection

Almost £300m was paid out in group income protection (GIP) claims last year according to figures collated by Grid.

Group protection business at Friends Life dropped by more than half in the third quarter of the year while individual business slipped slightly compared to the previous three months.

The vast majority of consumers are only prepared to pay less than £5 per week for income protection (IP) with almost a third not willing to pay anything, new research has revealed.

Poor workforce health accounts for more than a quarter reduction in productivity while presenteeism costs businesses three times more than sickness absence, Legal & General has found.

Stress is a bigger absence problem for businesses than acute medical conditions such as cancer, Group Risk Development (Grid) has found.

Legal & General has launched a new relevant life plan to enable employers to provide an individual death in service benefit for an employee.

Legal & General has credited diversification into non mortgage related business for strong individual protection results that boosted its third quarter performance.

The number of women claiming sickness benefits is rising much faster than for men according to analysis of Department of Work and Pensions (DWP) statistics by Legal & General.

Addressing employee stress is far more productive than agitating to sack unproductive workers, Canada Life has said.

Fewer appeals against Employment and Support Allowance (ESA) decisions are being found in the claimants favour, according to government statistics.