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Additional Sick Pay Cover
Gordie_2
Posts: 12 Forumite
Hello!
Under my employer's "Accident & Sickness Benefit", they will pay me £100/week if I am off sick for more than 7 days (I get 5 paid sick days pa). This comes from an insurance policy that they have, as they will not be paying my wages beyond the 5 days.
I have a quote from them to increase this cover from £100/week, but I don't know if it's competitive or not.
Can anyone suggest websites/providers that can give me alternative quotes please?
To clarify: this is not a final payment if I get a big illness, but if I am off for say 6 weeks with 2 broken legs for example, I will receive an income for that duration.
Sorry, I don't even know what this type of cover is called :embarasse
Thanks in advance!!!
Gordie
Under my employer's "Accident & Sickness Benefit", they will pay me £100/week if I am off sick for more than 7 days (I get 5 paid sick days pa). This comes from an insurance policy that they have, as they will not be paying my wages beyond the 5 days.
I have a quote from them to increase this cover from £100/week, but I don't know if it's competitive or not.
Can anyone suggest websites/providers that can give me alternative quotes please?
To clarify: this is not a final payment if I get a big illness, but if I am off for say 6 weeks with 2 broken legs for example, I will receive an income for that duration.
Sorry, I don't even know what this type of cover is called :embarasse
Thanks in advance!!!
Gordie
0
Comments
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permanent health insurance is the generic name for income protection.I am an Independent Financial Adviser (IFA). The comments I make are just my opinion and are for discussion purposes only. They are not financial advice and you should not treat them as such. If you feel an area discussed may be relevant to you, then please seek advice from an Independent Financial Adviser local to you.0
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Thanks very much - I'd never have guessed that name!!!
Cheers!
Gordie0
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