Rehab From Group Risk Benefits Returns Over 1,500 To Work
The trade body Group Risk Development has said that 1,529 employees were able to return to work thanks to their group risk employee benefits.
Actions from insurers during 2014 helped 1,529 employees return to work in 2014 before they were off long enough to claim. These types of benefits are not obligatory for employers, but benefit both the employee and their company if the employee can return to work before a claim has to be made.
A spokesperson for Group Risk Development has said: “The fact that 1,529 people were helped back to work also clearly demonstrates the value that insurers add beyond the pure payment of claims … Employers are not obliged to provide any of these benefits, but by doing so they make a major contribution towards protecting employees and their families against the financial consequences of death or prolonged disability. Through this, they also ultimately benefit wider society by reducing the welfare burden."
Such rehabilitation is not possible in all cases, however, and there were still claims worth £1.264billion in total over the course of the year. For all three of group life, group critical illness and group income protection, cancer was the cause of most claims - followed by heart disease, heart attack and mental illness for group life, group critical illness and group income protection respectively.
As this was the first year in which Group Risk Development has released numbers on those able to return to work, the 2014 figure of 1,529 is not directly comparable with previous years.
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Photo credit goes to durrah03