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Unum enhances GIP schemes

Unum has enhanced its group income protection plan by reducing costs and increasing the free cover level.

The changes will include immediate reductions in the pricing structure on all Unum’s GIP schemes, and a 10 per cent increase in the free cover level of the total insured incomes or £3,000 per member to a maximum of £120,000 per year.

Adverse medical conditions will now be ignored up to the free cover level for both new and existing members, and Unum will take on any benefits underwritten by a previous insurer on a ‘no worse terms’ basis when switching terms.

Unum customer solutions director Glenn Thompson says: “We are continuously striving to enhance our product offering and appreciate that these are challenging times for many business. These changes will ensure that Unum continues to lead the market by helping employers who are looking to manage their cost base whilst retaining their benefits.”

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