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Group Insurance
Life insurance and private medical insurance are commonly provided to employees under a group scheme.
This increases their benefit package and their loyalty to the employer, especially in economic times such as these.
Life insurance is normally for a set amount, perhaps a multiplier of their annual salary and may be attached to the pension scheme or stand-alone.
Private Medical Insurance is normally only offered to those on the higher pay scales and brings benefits to both the employer as well as the employee. This is because it is designed to provide the medical help needed as quickly as possible and with the right specialist, hopefully reducing recovery times and allowing the employee to return to work sooner.
