Protection 

The benefits of group protection policies for cancer treatment

  • Understand why it is important for employers to have employee benefits in place.
  • Learn about the main benefits of group income protection and group critical illness cover.
  • Consider some of the criticisms levelled at group critical illness and why cancer makes up the majority of claims.
CPD
Approx.30min
The benefits of group protection policies for cancer treatment

Despite the fact that half of all people born after 1960 in the UK will be diagnosed with cancer in their lifetime, it remains an intensely personal matter, different for everyone who experiences it.

Some people will openly share their new situation, others will need some time to get to grips with what it means for them before telling anyone else, while others may feel guilty or ashamed or want to avoid “making a fuss”.

There may or may not be apparent symptoms of illness, depending on how early the cancer is caught, where it is primarily located and so on. The important thing is that nobody is obliged to make details about their health known.

Living with many forms of cancer will have an effect on a person’s ability to work. The last thing a cancer patient needs is the added stress of losing their income.

Iit is better for everyone when employees can rely on their employer to support them through a difficult time rather than keeping important information to themselves out of fear for their livelihood.

Creating a culture of empathy and security starts at the top, with senior management empowering their team leaders and supervisors to listen to the people they work with and be supportive, sympathetic advocates for them.

We aren’t suggesting team leaders should be everyone’s best friend – that would compromise their ability to manage – but their relationship with their teams should be one of mutual respect and collaboration, not surveillance and antagonism.

One way in which employers can demonstrate their commitment to encouraging such a culture is to have employee benefits in place which provide help to employees in exactly these circumstances.

Group Income Protection (GIP) started life as a simple salary replacement for injured or disabled workers but, over the past 10 years, has evolved into a comprehensive suite of absence management and wellbeing support tools for employees and employers alike.

Typical policies may now include, rolled into the policy premium and free at the point of use, an Employee Assistance Programme (EAP), second medical opinion service, early intervention service (EIS) and rehabilitation support.

Group Critical Illness (GCI) has likewise been enhanced in recent years and, as well as providing a lump sum payment on diagnosis, could allow for a personal nurse adviser to contact the employee and offer practical and emotional support. That support is available for as long as the employee needs it – some people will still receiving help 10 or more years after their claim was made.

Employee Assistance Programme

As the name implies, an EAP is designed to be there to help employees with anything at all that might be troubling them. The breadth of this service cannot be underestimated for someone living with cancer.

CPD
Approx.30min
  1. Group income protection started life as what?

  2. According to the author, the EAP can advise on three things. So which is the odd one out?

  3. How many separate varieties of cancer are there?

  4. The author makes the following statement about getting a second medical opinion: "There can be a reluctance to get a second opinion." Is this true or false?

  5. Early intervention services are typically best suited to which type of cases?

  6. One accusation often levelled at group critical illness is that the product terms are what?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Understand why it is important for employers to have employee benefits in place.
  • Learn about the main benefits of group income protection and group critical illness cover.
  • Consider some of the criticisms levelled at group critical illness and why cancer makes up the majority of claims.

I completed this CPD in

To bank your CPD please complete the form below.

What did you learn from undertaking this CPD exercise?

Why did you undertake this piece of learning?

Banked!

Congratulations, you have successfully completed and banked this piece of CPD

Already Banked!

You have already banked for this article.

To bank your CPD you must or

Register

One or more questions have been incorrectly answered,
 please review your answers and try again.

Please enter what you have learnt and why you completed this CPD.

More Protection CPDSee my completed CPDSee all CPD

Comments