Pandemic drives employee demand for protection

Cost of cover perceived to be too high

clock • 1 min read

Employees demanding more protection from employers during Covid-19, AIG study suggests

A survey from UK life insurer AIG Life has found increasing demand for protection insurance from employees in response to the Covid-19 pandemic. Over one-third (37%) of 986 employees surveyed across the nation indicated a desire for greater protection insurance, such as life insurance, income protection and critical illness from their employer. Meanwhile, the pandemic has spurred 30% of respondents into discovering details about what protection their employers offer. Over half of respondents (55%) stated that they are looking to employers for coverage as they believe buying individ...

To continue reading this article...

Join COVER for free

  • Unlimited access to real-time news, key trend analysis and industry insights.
  • Stay on top of the latest developments around health and wellbeing, diversity and inclusion and the cost of living crisis.
  • Receive breaking news stories straight to your inbox in the daily newsletter.
  • Members only access to monthly programme 'The COVER Review'
  • Be the first to hear about our CPD accredited events and awards programmes.

Join now

 

Already a Cover member?

Login

More on Group Protection

Autumn Budget 2024: Employers' NI hike's impact on group protection

Autumn Budget 2024: Employers' NI hike's impact on group protection

Businesses urged to maintain investment

Cameron Roberts
clock 30 October 2024 • 3 min read
MetLife expands YuLife partnership

MetLife expands YuLife partnership

Group income protection

Cameron Roberts
clock 28 October 2024 • 1 min read
Quarter of employers not recording sickness absence impact

Quarter of employers not recording sickness absence impact

GRiD finds

Jaskeet Briah
clock 23 October 2024 • 2 min read