HR Administration, Policies, HRIS
Financial Security and Support with Omny Benefits
Life is unpredictable, but your employees’ u003cstrongu003efinancial security doesn’t have to beu003c/strongu003e. u003cstrongu003eGroup Income Protectionu003c/strongu003e from u003cstrongu003eOmny Benefitsu003c/strongu003e provides a vital safety net if illness or injury prevents an employee from working long-term.rnrnu0026nbsp;rnrnThis employer-sponsored benefit ensures a u003cstrongu003ereplacement incomeu003c/strongu003e for affected employees, helping them cover essential costs like u003cstrongu003emortgage paymentsu003c/strongu003e, u003cstrongu003ehousehold billsu003c/strongu003e, and u003cstrongu003echildcare expensesu003c/strongu003e during challenging times. Beyond financial support, many policies also include u003cstrongu003erehabilitation servicesu003c/strongu003e, enabling employees to recover effectively and return to work with confidence.rnrnu0026nbsp;rnrnAt u003cstrongu003eOmny Benefitsu003c/strongu003e, we work with you to u003cstrongu003etailor a Group Income Protection policyu003c/strongu003e to your workforce, balancing affordability with comprehensive coverage. Our goal is to ensure u003cstrongu003epeace of mindu003c/strongu003e for both your team and your business.
u003cstrongu003eKey Benefitsu003c/strongu003e
u003ch2u003eu003c/h2u003ernu003culu003ern tu003cliu003eu003cstrongu003eIncome Replacement:u003c/strongu003e Financial security for employees unable to work due to illness or injury.u003c/liu003ern tu003cliu003eu003cstrongu003eComprehensive Coverage:u003c/strongu003e Support for a wide range of physical and mental health conditions.u003c/liu003ern tu003cliu003eu003cstrongu003eRehabilitation Services:u003c/strongu003e Access to physiotherapy, counselling, and occupational therapy.u003c/liu003ern tu003cliu003eu003cstrongu003eFlexible Payment Options:u003c/strongu003e Choose policies with short-term or long-term benefit durations.u003c/liu003ern tu003cliu003eu003cstrongu003eTax Efficiency:u003c/strongu003e Premiums are often u003cstrongu003etax-deductibleu003c/strongu003e for employers, offering financial advantages for your business.u003c/liu003ernu003c/ulu003e
FAQs about Group Income Protection with Omny Benefits
While both offer income replacement during illness or injury, Group Income Protection is an employer-arranged policy, often making it more cost-effective than individual plans. Premiums are typically tax-deductible, and employees benefit from streamlined access without needing to apply individually.
Group Income Protection typically covers a broad range of physical and mental health conditions that prevent employees from working. This includes illnesses such as cancer, heart disease, back injuries, depression, and anxiety. Coverage specifics can vary between policies, and at Omny Benefits, we’ll guide you through the details to ensure your policy meets your team’s needs.
Most policies replace a percentage of an employee’s pre-disability earnings, typically ranging from 50% to 70%, often with a maximum monthly payout limit. At Omny Benefits, we’ll help you determine an appropriate level of coverage that balances affordability with comprehensive support.
Payment durations depend on the specifics of your policy. Some plans offer benefits for a fixed period, such as two or five years, while others may continue payments until the employee reaches retirement age, provided they remain unable to work.
Many Group Income Protection policies go beyond financial support, offering:rnu003culu003ern tu003cliu003eu003cstrongu003eRehabilitation Servicesu003c/strongu003e: Access to occupational therapists and physiotherapy.u003c/liu003ern tu003cliu003eu003cstrongu003eMental Health Supportu003c/strongu003e: Counselling and therapy services.u003c/liu003ern tu003cliu003eu003cstrongu003eReturn-to-Work Assistanceu003c/strongu003e: Tailored programmes to help employees transition back to work confidently. At Omny Benefits, we ensure these additional services are fully integrated into your plan for maximum value.u003c/liu003ernu003c/ulu003e
u003cstrongu003eSecure your team’s financial wellbeing with Group Income Protection from Omny Benefits. u003c/strongu003e
Contact our team today to explore tailored solutions that protect your employees and your business.
