BUPA has added a new option to its group income protection (IP) offering. Following the changes made...
BUPA has added a new option to its group income protection (IP) offering. Following the changes made to the product, employers now have the option to pay out a lump sum benefit to employees who are off work after they have been receiving IP benefits for two, three or five years. The lump sum is equal to the claimant's annual salary if the normal scheme definition of incapacity is met. Claimants unable to undertake three out of six activities of daily working will however receive three times their salary.
