Group Salary Continuance policies are utilised by employers wishing to provide cover for their employees, and can give the right balance between an employer’s financial objectives and the needs of employees.

Benefits for Employers

Employers who implement a GSC contract receive the following benefits to their business:

  • Improved planning, budgeting and cash flow

Because you have outsourced the risk to an insurer, you do not need to tie up your own capital. Your annual insurance cost is predictable and can be incorporated into your budgets.

  •  Attractive to good staff.

Your organisation can attract the best staff, who may be accustomed to having income protection as part of their package.

  •  A safeguard for employees’ income.

Employees tend to neglect adequate income protection. They may assume you will continue to pay their income if they are off work for an extended period due to illness or injury. By providing salary continuance, you signal to your employees not only that their positions are secure during periods of illness or injury, but also that you want to safeguard their standard of living. This positions your business as a caring, attractive workplace.

  • Tax savings

Your group salary continuance premiums are tax deductible, and not subject to fringe benefits tax, making them a cost effective way of providing employee benefits.

  •  Delegated financial responsibility for employees’ suffering injury or illness.

The Insurer takes on this responsibility, fulfilling obligations without any undue pressure on the business or other employees.

  • Professional claims management

The Insurer’s claims management team will consult with medical services including rehabilitation services, to ensure a swift return to work where appropriate, or to provide direction with employment alternatives.


Benefits for Employees
  • Access to a cost effective and valuable benefit.

GSC provides protection for the employee’s family’s lifestyle, which is dependant upon their income continuing. 

  • Access to cover without health evidence.

GSC policies can have an Automatic Acceptance Limit, which means that employees can obtain cover without having to be medically underwritten by the Insurer. 

  • Continuation of Cover

Upon ceasing employment the employee has the option (within a specified time ie. 30/60 days from date of termination) to continue the cover on an individual basis without the need to be medically underwritten.  This is an extremely valuable option for any employees that have a pre-existing condition and would find it difficult to obtain cover on an individual basis in the market place.

  and  
  and