Friends Life launches first cancer-specific group benefit

The plan, Group Cancer Cover, is available to any company looking to insure 100 or more members of staff. Premiums are likely to be around 30% lower than a critical illness policy on a like for like basis, Friends Life said. Friends Life head of group protection proposition Anna Spender said the scheme was an "alternative" not a replacement to group critical illness cover. The benefit will pay a fixed amount of £25,000 to employees who are diagnosed with a cancer covered by the plan. The plan will be distributed via brokers and employee benefit consultants. It also includes a...