Zurich has launched a flexible group income protection (IP) proposition aimed at businesses with at least 250 employees.
The insurer said the product had been launched to meet employers' need to offer their workforce more flexible benefits packages to better meet their individual requirements. Employers can manage benefits and spend more efficiently, while employees have the option to increase both the benefit amount and the payment period, Zurich added. The proposition enables businesses to provide staff with a core level of cover, as well as the opportunity to choose from different benefit levels and payment periods, as follows: Minimum income benefit will normally be 25% of salary Maximum inco...
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