Critical illness cover is a highly valued employee benefit, providing financial security while the employee is off work with a (specified) critical illness.
It provides a one-off payment to an employee if they are diagnosed with a qualifying critical illness.
An employee covered by the policy should be better placed to manage the financial consequences of long-term absence after diagnosis of a critical illness, which may assist them to focus on making a good recovery
Every business wants to attract the right calibre of employee. Rewards for when things go well may matter to employees, but help and support if illness strikes also matters to them. Critical Illness cover can help reassure employees that they are working for an employer who cares about their wellbeing.