EXCLUSIVE: Nearly seven in 10 (68%) employers offer life assurance to all employees as part of a core package, according to research by Employee Benefits.
The Benefits research 2019 surveyed 290 HR decision-makers and was published in May 2019. It also found that, overall, 86% provide life assurance in some form; this has remained one of the top group risk benefits since 2004.
Income protection is also going from strength to strength as the second most popular group risk product, offered by three-fifths (60%) of organisations.
In general, employers favour offering group risk benefits as part of a core package, barring critical illness insurance, which is approximately as common as part of a voluntary scheme (13%) and as a core benefit for members of staff (12%).
As with other health and wellbeing provisions, this year has seen a rise in the extension to partners and dependants of critical illness insurance (32%), personal accident insurance (16%) and life assurance (31%).
Click to download Employee Benefits‘ Benefits research 2019