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 Glossary   >   G   >   "Group Income Protection" Definition   

        Group Income Protection

Group Income Protection Insurance (also known as Permanent Health Insurance, or PHI) gives sick and injured employees a replacement income, and provides the means for the employer to retain staff even when they are not contributing to the business. The benefit (typically) becomes payable when the company"s sickness scheme ends and continues as long as the employee"s absence lasts, right up to normal retirement age.

Group Income Protection


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Group Income Protection - Group Income Protection Insurance (also known as Permanent Health Insurance, or PHI) gives sick and injured employees a replacement income, and provides the means for the employer to retain staff even when they are not contributing to the business. The benefit (typically) becomes payable when the company"s sickness scheme ends and continues as long as the employee"s absence lasts, right up to normal retirement age.


Group Income Protection : group income protection insurance (also known as permanent health insurance, or phi) gives sick and injured employees a replacement income, and provides the means for the employer to retain staff even when they are not contributing to the business. the benefit (typically) becomes payable when the company"s sickness scheme ends and continues as long as the employee"s absence lasts, right up to normal retirement age.