Manual workers least likely to have income protection – National Friendly
23% of manual workers said they expect to have a workplace accident in the next one to three years, higher than the national average of 19%.
Only 27% of UK workers hold income protection despite rising financial pressures
LV= research reveals a significant protection gap, with half of UK workers saying insurance would make them more financially resilient but fewer than three in ten having cover in place.
RedArc helps 62% of IP claimants return to work within three months
For those who had been claiming for less than three months, this figure rose to 79%.
72% of GIP claimants returned to work in 2024 – GRID
The group risk industry paid out £2.59bn in 2024, up £99.2m from 2023.
Unum UK pays out £516m in group protection claims in 2024
The firm now covers 2.8 million people across its products, which is a 44% rise in the last five years.
Dentists’ Provident paid out £4.9m in claims during 2024, report finds
The provider's claims report showed the majority of claims were paid to those aged 46-55 years old, with the youngest claimant being a 27-year-old dentist.
Scottish Widows launches Flexible Income Protection to bridge protection gap
42% of adults currently worry that their household would not cope if they were unable to work.
Berkeley Alexander launches SafeGuard Protect policy
The new policy aims to meet the rising demand for flexible protection products amid ongoing economic uncertainties in the UK.
Employees would trade lower salary for better benefits
A MetLife UK survey indicates 40% of UK employees prioritise better benefits over higher pay, emphasising the value of financial protection, flexible work arrangements, and health support services.
