What is Group Critical Illness Cover?
Group Critical Illness (*CI) Cover pays a lump sum to an employee on the diagnosis of one of a defined list of serious conditions or on undergoing one of a defined list of surgical procedures.
The benefit is paid once the employee has survived for a specified period. Most insurers will also offer the option of a benefit for a covered employee who is assessed as being permanently and totally disabled but not otherwise able to claim for one of the conditions covered by the policy.
Group Critical Illness Cover is also increasingly being provided on a purely voluntary basis as part of a flexible benefits arrangement. While it still remains a difficult risk to place with underwriters, it is sometimes possible to have underwritten. In this case, the premium the employee pays does not qualify for tax relief.

What are the Benefits of Group Critical Illness Insurance?
Group Critical Illness Insurance can help you and your employees in the event of illness in the following ways:
- Offer financial peace of mind to your employees
- Help your employees recover more quickly and get back to work sooner
- Show that your company does not just offer a salary but cares about their employees’ health, well-being and financial security for them and their family
- Allow your employees to get access to quality healthcare and advice
Expert advice should always be taken by an insured body or organisation when establishing a group insurance scheme to ensure best practice prevails, all benefits are maximized, costs are minimized and all tax efficiencies are availed of.
GroupRisk.ie also provide Group Life Assurance and Group Income Protection.
Contact us for a Free Initial Discussion about your Group Critical Illness Cover. Our experienced Financial Advisor Team are available to give you experts advice on the many benefits of Group Critical Illness Insurance. Telephone 01-6601016 or email info@grouprisk.ie.