Group Life Insurance and Critical Illness Cover
Protect your team with life insurance and critical illness cover.
Group life and critical illness cover provides your employees and their families with financial support when it matters most.
What is group life and critical illness insurance?
Life can be unpredictable. If illness or tragedy strikes, having the right protection can ease financial stress and make a real difference.
Group life insurance and critical illness cover help you support your employees and their families through life’s uncertainties.
- Group life insurance pays a tax-free lump sum payment to an employee’s family if they pass away while working for your business.
- Group critical illness insurance pays out if an employee is diagnosed with a critical illness like cancer, heart attack, or stroke.
These benefits work together to create a strong safety net, helping your employees feel supported and valued during difficult times. They can also form part of a competitive benefits package, setting your business apart.
Why businesses choose Holborn
We help companies create strong employee benefits packages and protect their teams. Here’s why businesses choose Holborn:
Flexible cover
Options for group life and critical illness insurance for businesses of any size.
Tailored solutions
Group policies designed to fit your business and budget.
Trusted partners
Get access to top insurers and competitive group policy rates.
Cover that benefits everyone
For employers
Stand out
A competitive employee benefits package strengthens staff retention and recruitment
Support your team
Financial protection can boost employee wellbeing and satisfaction
Tax benefits
In the UK, group policy premiums count as a business expense, which can lower your company’s taxable profits
For employees
Support
Financial protection for you and your loved ones in the event of death or serious illness
Peace of mind
Knowing you have financial support when you need it most can ease stress and worry
Wellbeing services
Some insurance companies provide access to additional wellbeing and recovery support services
How group life and critical illness protection work
We make it easy to get the cover your employees need. Here’s how it works:
Choose a policy
Compare group life and critical illness quotes, then pick a plan that fits your business.
Start your cover
Pay monthly premiums to the insurer to keep your policy active.
Make a claim
Employees or their loved ones can file a claim by following the insurer's claims process.
Receive a payout
If the claim meets the policy’s terms and conditions, the insurer will pay. This is usually a lump sum or a series of regular payments.
Invest in your team
A group life and critical illness insurance plan gives real value to you and your employees. It offers your team financial protection when they or their loved ones need it most, and it shows you care. This helps your business stand out, making it easier to attract and keep top talent.
No matter your business size, our expert team can help you build a competitive employee benefits package.
Group life and critical illness FAQs
Group life cover, sometimes called death in service benefit, pays a lump sum if an employee dies. Group critical illness insurance gives financial help if a team member is diagnosed with a serious condition like cancer, stroke, or heart attack.
Group life insurance is arranged by an employer to cover all eligible staff. A policy offers the same financial protection but usually at a lower cost per person than an individual policy.
Coverage for illnesses and conditions can vary by insurer. Most policies cover cancer, heart attack, stroke, kidney failure, and multiple sclerosis. Additional cover can be added for an extra cost, and pre-existing conditions are typically not covered.
Yes, many businesses combine group life and critical illness cover with group medical insurance. This creates an attractive employee benefits package.
The cost depends on several factors, such as your team’s size, average age, and the level of cover you want. Your claim history may also affect renewal prices. Contact our team for a quote tailored to your business.