International group schemes are available to businesses looking to insure three or more expatriate employees. Cover must be on a compulsory basis for all eligible employees or all employees of a certain category. Plans must be paid for from one source.
The Global Income plan has been designed to provide employees with a replacement income of up to 75% of salary, when illness or injury prevents them from working for long periods of time.
It allows you to offer your employees the security of a long term sickness plan giving your business a clear policy to cover the long term sickness problem, and the financial liability.
- Cover available to employees age 18 to 64 (premiums are age-related)
- Cover is annually renewable, however there is no further underwriting once cover is in place unless benefit levels are increased.
- Cover available up to 75% of salary, subject to a maximum limit of $144,000 per employee
- Choice of a 3 or 6 month deferment period - this is the amount of time the member would be off work before the benefit begins to be paid.
- Benefit paid for 24 months if an illness or injury prevents an employee from working at their own occupation.
- After 24 monthly payments, we will continue the benefit if they are medically certified as being unable to return to a suited occupation.
- Benefit will continue until the member is able to return to work, age 65 or death - whichever is soonest.
- Within the first 24 months of a claim, rehabilitation benefit is available for up to 6 months if they are able to return to work part-time. This will cease when they return to full-time employment.
- Benefit payments will increase by 2% compound each year during a claim.
- Following a successful claim, if the employee returns to work but suffers a relapse within 6 months of their return, the deferment period will be waived. Benefit payments will recommence immediately.
- The Global Income Protection plan does NOT cover redundancy or voluntary unemployment.
WHAT ARE THE MEDICAL REQUIREMENTS?
Provided your employees are all actively at work, cover can commence as soon as we have received your applications forms and the premium.
Groups of between 3 and 9 employees
Immediate cover will be provided up to the following non-medical limits:-
US$36,000 or €36,000 or £24,000 or AED 144,000
Cover in excess of these amounts will be subject to medical evidence.
Groups of between 10 and 19 employees,
Immediate cover can be provided up to the following non-medical limits:-
US$54,000 or €40,200, or £34,200 or AED 198,000
Medical evidence will be required for cover in excess of these non medical limits.
Groups of 20 + employees
Special terms can be offered to groups of 20 or more employees, without the need for medical evidence.
EXCLUDED COUNTRIES
We are unable to provide cover for certain countries or regions - click here for further details.
30-DAY MONEY BACK GUARANTEE
The Global Income Protection plan comes with a 30-day money back guarantee. If you are not entirely satisfied with the plan, tell us in writing within the first 30 days of cover and, subject to there having been no claim, we will refund the premium in full.
Click to read more about all our Business plans
Key Facts about our Insurance Services
Click to request Group Income Protection quote
