The cost of Group Critical Illness Cover is dependent largely on your workforce. Various factors impact the level of risk each individual poses and it’s therefore hard to offer quotes without information on just who the policy will cover.
To get Company Critical Illness Insurance quotes, we’ll therefore need a small amount of employee data. This is so the insurers are able to accurately price risk and determine your organisation’s premium.
Insurers will want to know the below information for everyone the policy will cover before offering Critical Illness quotes:
As you can see from the above, it’s hard to offer instant online quotes for Critical Illness Insurance for businesses.
Moreover, at Drewberry we also feel it’s always better sold alongside expert advice. That way, you can be certain you’re providing the benefit your employees need at a price sensible for your organisation.
The only real factor you can change that affects the cost of Critical Illness Cover is the multiple of salary you’re offering. Lower multiples of salary will reduce the cost of cover.
Most insurers cover up to a maximum of 5 times an employee’s salary or a pre-determined ceiling, usually £500,000, whichever is lower.
If you have any further enquiries about the cost of Group Critical Illness Insurance or need any further help, please don’t hesitate to give us a call on 02084327333