Aviva to cover NI rise as part of group income protection offering

Increased employer contributions

Hemma Visavadia
clock • 1 min read

Aviva is the latest provider to announce policy changes to help employers who offer National Insurance (NI) cover as part of its group income protection (GIP) offering.

The changes will see employers' GIP cover from Aviva automatically account for the NI rise, as well as the new 1.25% Health & Social Care Levy increase, which will come into effect from 6 April 2023. Aviva stated the change will most beneficial for existing GIP policies, where the policy insures NIC as well as new GIP policies going on risk from 6 April 2022. Jason Ellis, sales director, group protection at Aviva explained that by covering the increase in NICs and the levy, "we hope to provide reassurance and certainty to our GIP clients who insure NI contributions, as the changes com...

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

Long-term sickness causing declining productivity at UK companies - research

Long-term sickness causing declining productivity at UK companies - research

Increase in healthcare benefit provision costs

Jaskeet Briah
clock 12 November 2024 • 2 min read
The myth of 100% productivity; a risk to wellbeing?

The myth of 100% productivity; a risk to wellbeing?

"We can't make everyone into robots"

Vanessa Sallows
clock 12 November 2024 • 4 min read
Employers placing ESG importance on employee benefit providers

Employers placing ESG importance on employee benefit providers

GRiD research shows

Jaskeet Briah
clock 05 November 2024 • 2 min read