Prévoyance en entreprise
Prévoyance incapacité collective
Remplace une partie du revenu d'un salarié lorsqu'une maladie ou une blessure de longue durée l'empêche de travailler, et finance la réadaptation qui lui permettra de revenir si c'est possible.
Centre-ville de Dublin
À qui il s'adresse
Employeurs souhaitant gérer l'absence de longue durée
Ce qu'il fait
- Prestation généralement de 50 à 75 % du salaire, cotisations patronales et retraite incluses
- Délais de carence de 13, 26 ou 52 semaines
- Service d'intervention précoce mobilisé dès la quatrième semaine d'absence
- Durées de paiement limitées de 2, 3 ou 5 ans disponibles
Le produit en détail
Group income protection is often described as insurance against long-term absence. That is half of it. The other half — and on most schemes the more valuable half — is the rehabilitation work that stops an absence becoming long-term in the first place.
The Early Intervention Service is engaged from week four of an absence, long before any benefit could be payable under even the shortest deferred period. A vocational rehabilitation specialist works with the employee, the employer and the treating clinicians on what would actually make a return to work possible: a phased return, adjusted duties, equipment, or treatment the waiting list is delaying. Many of those cases never reach the deferred period, which is better for the employee than a benefit payment would have been.
When benefit is payable it replaces a proportion of salary — typically 50 to 75% — and can also cover the employer’s national insurance contributions and pension contributions, so an absent employee’s pension does not quietly stop accruing during the worst year of their life.
The deferred period is the main pricing lever and the main design decision. A 13-week deferral costs materially more than 52 weeks, and what the employer is really buying with the difference is the gap between when sick pay stops and when benefit starts. Sitting the deferred period against the employer’s own sick pay policy is the single most useful thing a broker can do on this product.
Documentation
La documentation produit est remise aux intermédiaires accrédités. Demandez-la à votre souscripteur, ou demandez-la via le formulaire de demande.
- Conditions du contratSur demande
- Formulaire de déclaration d'absenceSur demande
- Modèle de données du régimeSur demande
Comment cela fonctionne
Ce qui se passe, dans l'ordre
De la première demande jusqu'à la mise en place de la garantie, du contrat ou de la ligne.
The benefit design is set against the sick pay policy
Percentage of salary, deferred period, payment term, and whether employer NIC and pension contributions are covered. The deferred period should end where sick pay ends.
The scheme is rated on its own data
Age profile, occupations, salaries and claims history.
Absence is referred from week four
Through the absence referral form. The Early Intervention Service engages before any benefit could be due.
Rehabilitation is attempted first
Phased return, adjusted duties, equipment, treatment. Many referrals close here.
Benefit is paid after the deferred period
To pension age, or for a limited term of two, three or five years, with proportionate benefit where a member returns part time.
Les chiffres
Un exemple chiffré
Des calculs donnés à titre indicatif, pour que la structure du produit se voie plutôt qu'elle se décrive. Rien ici n'est une offre ni une projection.
One member on a £45,000 salary
A 60% benefit with NIC and pension cover, on a 26-week deferred period. Illustrative figures.
- Member salary
- £45,000
- Benefit at 60% of salary
- £27,000 a year
- Employer NIC cover
- £3,300 a year
- Employer pension contribution coverSo the member’s pension keeps accruing
- £2,250 a year
- Total insured benefit for this member
- £32,550 a year
- Délai de carence
- 26 weeks
- Employer sick payDeliberately matched — no gap for the member to fall into
- 26 weeks
- Early Intervention engaged at
- Week 4
- Durée de paiement
- To pension age
Illustrative. The premium is quoted on the whole scheme rather than per member, and depends on the age and occupational profile as well as the design. Aligning the deferred period with the sick pay policy is a matter for the employer and their advisers.
What the deferred period costs
Illustrative premium for the same scheme and the same benefit, at the three available deferred periods.
Voir ces chiffres sous forme de tableau
| Valeur | |
|---|---|
| 13 weeks — Benefit starts soonest, and costs most | 2.40% |
| 26 weeks | 1.80% |
| 52 weeks — Cheapest, and only right if sick pay runs a year | 1.20% |
Adéquation
Où Prévoyance incapacité collective trouve sa place
Les cas auxquels il répond, ceux auxquels il ne répond pas, et ce qu'un souscripteur demande avant de tarifer.
C'est la bonne réponse lorsque
- Employers who want long-term absence managed as well as insured.
- Schemes where the deferred period can be aligned to an existing sick pay policy.
- Employers who want pension accrual to continue during absence.
Il faut regarder ailleurs lorsque
- A benefit paid on diagnosis regardless of absence — that is Group Critical Illness.
- A death benefit — that is Group Life Insurance.
Ce qu'il nous faut pour tarifer
- 1.The scheme data template, and the current sick pay policy.
- 2.The benefit design: percentage, deferred period, payment term, NIC and pension cover.
- 3.Details of any absences currently open, and the claims history.
Questions
Ce que les courtiers nous demandent sur ce produit
Why refer at week four when the deferred period is 26 weeks?
Because rehabilitation works better early. By week 26 an absence has often set — the job has been reorganised, confidence has gone. Week four is when a phased return is still the obvious outcome.
What is a limited payment term?
Benefit for two, three or five years rather than to pension age. It reduces the premium substantially, and it means a member who does not recover has an income that stops. The employer should make that choice with their eyes open.
What if a member returns part time?
A proportionate benefit is payable, so a partial return is not financially punished. That matters, because a phased return is the commonest good outcome on this product.
Demander des informations
Interrogez-nous sur Prévoyance incapacité collective
Le formulaire parvient à un souscripteur à Dublin. Si vous êtes intermédiaire, dites-le et nous l'orienterons vers le bureau courtiers.